HCC Infrastructure Company, a subsidiary of the company also received Rs 110 crore as an earn out money from Cube Highways and Infrastructure V Pte Ltd, for stake sale in Baharampore-Farakka Highways (BFHL).
HCC in a statement said the group is to receive a total of Rs 941 crore which includes upfront amount of Rs 677 crore and Rs 264 crore payable by the third quarter of 2023-24 in two tranches, contingent on traffic projections.