Hindustan Construction Company’s (HCC) subsidiary, Steiner AG, has successfully concluded the sale of its construction business subsidiary, Steiner Construction SA, to Demathieu Bard for approximately CHF 98 million (Rs 928 crore). Demathieu Bard, an international construction group based in France, views the acquisition as a significant milestone, strengthening its international presence and reinforcing its position as a leading company in the construction sector. Steiner Construction SA, based in Zurich, had a turnover of CHF 347 million (Rs 3,076 crore) for the fiscal year 2022-23, operating across 30 projects.
HCC’s Subsidiary Steiner AG Concludes Sale of Construction Business to Demathieu Bard for Rs 928 Crore
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