Transcription of Annual Report 2016-17 - Hindustan Construction Company
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Annual Report 2016-17 - Hindustan Construction Company
Annual Report 2016 -171 ContentsCHAIRMAN S LETTER ..4 Company INFORMATION .. 6 MANAGEMENT DISCUSSION AND ANALYSIS ..13 CORPORATE GOVERNANCE ..23 SHAREHOLDER INFORMATION ..31 BOARD S Report ..41 DIVIDEND DISTRIBUTION POLICY ..87 BUSINESS RESPONSIBILITY Report ..88 STANDALONE AUDITORS Report ..95 STANDALONE FINANCIAL STATEMENTS ..104 CONSOLIDATED AUDITORS Report ..169 CONSOLIDATED FINANCIAL STATEMENTS .. 176 Highlights 2016 -17t HCC E&C business order book grows by to ` 20,390 crore, excluding L1 bids worth ` 2,804 The Company registered turnover of ` 4, crore and net profit of ` Pursuant to the recent Cabinet order on arbitration awards, HCC to receive ` 2,599 crores as 75% of the arbitration award in its favour.
4 Dear Shareholder, In more ways than one, 2016-17 has been a significant year for your Company. Let me share several reasons why this is so. As I have been writing in my last few letters to you, for the
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