Hindustan Construction Co. Ltd. (HCC) has received a robust response to its recently concluded rights issue, which was oversubscribed by nearly two times, signaling renewed investor confidence in the infrastructure major’s turnaround strategy. The strong demand highlights growing optimism around HCC’s balance sheet repair, improving order book visibility, and gradual revival in India’s infrastructure spending. The oversubscription also provides the company with critical capital to reduce debt and strengthen liquidity.
