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HCC Q2 net loss at Rs 41 cr

Saturday 22nd Oct 2011 1366

Mumbai : Hindustan Construction Company (HCC) today reported a net loss of Rs 40.5 crore for the quarter ended September 30, on account of high interest costs and delays in the award of new projects.

The company had reported a net profit of Rs 12.13 crore in the same quarter last fiscal.

"The financial performance reflects the difficult economic and business environment, coupled with high inflation, high interest rates and significant delays in awarding of new infrastructure projects,"

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