Hindustan Organic Chemicals Secures Rs 100 Crore Credit Facility from State Bank of India Aug 16, 2025
HOCL Reports Q1 Loss, Approves Cost Auditors and Sets AGM Date Aug 13, 2025
Supreme Court Orders HOCL to Pay Rs. 43.50 Cr in 25-Year-Old Rent Dispute Jul 28, 2025
Supreme Court Orders HOCL to Pay Rs. 43.50 Cr in 25-Year-Old Rent Dispute Jul 28, 2025
More news about Hindustan Organic Chemicals
24Mar 25
Hindustan Organic Chemicals Receives Rs 1,351.38 Crore Government Dues Waiver
The Indian government has approved a financial relief measure for Hindustan Organic Chemicals Limited (HOCL), waiving outstanding dues of Rs 1,351.38 crore. This amount significantly exceeds HOCL's current total assets of Rs 1,569.40 crore. The waiver is expected to substantially improve HOCL's balance sheet, enhance financial flexibility, boost investor confidence, and allow management to focus on operational improvements and strategic initiatives.
22Mar 25
Hindustan Organic Chemicals Gets Rs 1,351.38 Crore Government Dues Waiver, Boosting Financial Outlook
The Indian government has approved a waiver of Rs 1,351.38 crores in dues for Hindustan Organic Chemicals Limited (HOCL). This waiver, effective September 30, 2024, includes government loans, interest, preference shares, and associated penalties. The decision is expected to significantly improve HOCL's financial position by reducing its liability burden and potentially transforming its balance sheet structure. This move could lead to an improved debt-to-equity ratio, enhanced financial flexibility, and increased market confidence for the company.