HINDUSTAN STEELWORKS CONSTRUCTION LIMITED

The young organization rose to the occasion and successfully met the challenge by bringing together competent human resources and mobilizing a fleet of updated construction equipment. Since then there has been no looking back.

In the years that followed, almost every major steel plant in India was constructed by HSCL. As the Company grew in resources and expertise, it diversified in other areas like Power Plants, Mining Projects, Irrigation Projects including Dams and Barrages, Oil Refineries, Railways, Airports, Buildings and Commercial Complexes, Rural Roads, Highways, Flyovers, minor and major Bridges for Railways and Road traffic, infrastructure for Educational Institutions, Health Centers and Hospitals etc. The Company undertook and successfully completed a number of Turn Key Projects also for various clients. Today, HSCL is an ISO 9001-2000 Company and its capabilities cover almost every field of construction activities. Starting with a modest Rs.5 Crore in 1965-66, the Company achieved a Turnover of Rs.696 Crore in 2008-09. The Order Book also is swelling every year. The year 2009-10 began with orders worth Rs.1367 Crore in hand. Turnover and Order Booking registered CAGR of 25% and 26% respectively during the last three years; much more than the overall industry growth of 8.3% recorded during 2007-­08 and around 4% during 2008-09. The Company has so far executed orders worth more than Rs.9180 Crore since inception. The financial results also are improving with the Company earning an Operating Profit of Rs.51.32 Crore(Unaudited) during FY09. Eleventh Plan period is likely to witness considerable investments in steel as well as in infrastructure sectors. The Company is geared up to take advantage of the bullish industry scenario and aggressively increase its business volume, the growing concern of soaring oil and steel prices not withstanding. Being in the Public Sector, HSCL pledges to comply with the framework of transparent Corporate Governance and considers it a primary responsibility to participate in the development of remote rural areas of the country under Govt's Bharat Nirman Programme.