Hindustan Construction Company Limited — Credit Ratings, 09-04-2026: Credit Rating

CARE Ratings has reaffirmed Hindustan Construction Company's (HCC) Long-term bank facilities, NCDs, and OFCDs at CARE BBB-; Stable, and Short-term facilities at CARE A3. This reflects a stronger financial profile due to significant debt reduction from ₹3,279 Cr to ₹2,016 Cr, boosted by a ₹1,000 Cr Rights Issue and ₹720 Cr arbitration recovery. A ₹13,148 Cr order book provides good revenue visibility.