Difficult to find buyers for sale of assets: HCC

MUMBAI: Sitting on a debt pile of over ₹12,000 crore, infrastructure firm Hindustan Construction Company (HCC) said it was finding it difficult to get buyers for

Published on: Jul 11, 2016, 07:24:46 IST

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MUMBAI: Sitting on a debt pile of over ₹12,000 crore, infrastructure firm Hindustan Construction Company (HCC) said it was finding it difficult to get buyers for its asset sale plans. The company is keen on monetising its non-core assets to generate cash and repay debt. “There are hardly any buyers of infrastructure assets, especially those under development,” HCC’s chairman and managing director Ajit Gulabchand said in the company’s annual report for 2015-16.