Hindustan Construction Company (HCC) has executed a significant financial transaction involving the transfer of arbitration awards valued at ₹1,979.09 crore to its wholly owned subsidiary, HCC Contract Solutions Limited. This move is aimed at enhancing the efficiency and focus in pursuing these awards to maximise recovery value.
The Authorisation Committee of HCC, during its meeting on 12 February 2026, approved the sale, transfer, hiving off, assignment, or disposal of the economic and beneficial interest in existing arbitration awards. This decision was formalised through a Deed of Assignment executed on 31 March 2026.
The transaction involves the transfer of both the economic and beneficial interest in the arbitration awards, along with the underlying advance liabilities of the same value, resulting in a net asset value of nil being transferred. The awards, originally held by HCC, have now been assigned to HCC Contract Solutions Limited, a company established in 2009 that specialises in claims management, dispute resolution, and consultancy services.
HCC Contract Solutions Limited, although a wholly owned subsidiary of HCC, does not belong to the promoter group. The company is engaged in providing a range of services, including arbitration, litigation, and legal proceedings on behalf of clients, as well as financial, tax, HR, and corporate consultancy services.
The transaction does not fall within the category of related party transactions and is not part of a Scheme of Arrangement, making regulation 37A of the LODR Regulations non-applicable.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Arunika Jain and reviewed by Aman Shukla before publication.