The last three years have seen a massive shift in private equity investment in the Indian real estate sector from residential properties to commercial properties, according to data compiled by Anarock Property Consultants. The share of residential sector within private equity investments in real estate fell to just 3% in 2018 from 47% in 2015, […]
Steel and Energy Company Jindal Steel and Power Ltd (JSPL) said it completed the delivery of its first ever rail order for the supply of rails to the Indian Railways four months ahead of schedule. On July 28, 2018, JSPL had bagged 20% of the Rs 2,500 crore global tender by the Indian Railways to […]
Infrastructure major Larsen and Toubro (L&T) said it has purchased the entire stake held by the Tamil Nadu Industrial Corporation Ltd (TIDCO) in one of its subsidiaries, L&T Shipbuilding Ltd. TIDCO previously held a 3% stake in L&T Shipbuilding Ltd. Post the acquisition worth Rs 32.74 crore, L&T Shipbuilding Ltd will become a wholly-owned subsidiary […]
Infrastructure major Larsen and Toubro (L&T) said its hydrocarbon engineering business has received orders worth over Rs 1,000 crore across various segments. The Modular Fabrication business has secured a contract for process and piperack modules for a process plant, which includes procurement, fabrication, pre-commissioning and load-out of the modules, it said. The contract shall be […]
GMR Hyderabad International Airport, a subsidiary of GMR Ltd, said that it has raised $300 million by issuing bonds to international investors to fund the expansion of Rajiv Gandhi International Airport at Hyderabad. The company wants to increase the passenger capacity of the airport to 34 million passengers per annum from 25 million now. GHAIL […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that its power transmission and distribution business has received orders worth over Rs 2,500 crore from India, the Middle East and the ASEAN region. In India, the company received orders for laying underground cable in certain unnamed industrial areas and towns to improve the reliability of […]
NCC Limited, formerly known as Nagarjuna Construction Co, said it received nine orders worth Rs 4,619 crore in the month of March. The company had won orders worth Rs 4,088 crore in February and Rs 4,090 crore in January. Of its March orders, three orders worth Rs 1,802 crore were received in the buildings division, […]
Infrastructure major Larsen and Toubro reported new orders worth over Rs 2,500 crore from Kuwait Oil Company (KOC). The new contract includes construction of a new export strategic pipeline and its associated facilities that will span a distance of around 145 kilometres. The contract has been awarded through international bidding on a Lump Sum Turnkey […]
Kalpataru Power Transmission Limited (KPTL), which constructs power and related infrastructure, said it received orders worth Rs 588 crores for its transmission and power business from international markets. With the latest order, the total order inflow for financial year 2018-19 have increased to Rs 8,500 crores, the company said in a statement. KPTL is also […]
Infrastructure major Larsen and Toubro reported new construction orders worth over Rs 1,000 crore from Tamil Nadu, Andhra Pradesh, Jharkhand and the United Arab Emirates. L&T’s Smart World and Communication business secured orders from the Tirupati Smart City Corporation Limited to implement pan-city ICT (Information and communications technology) solutions and design and construct a City […]
Adani Ports and Special Economic Zone (APSEZ), India’s largest private multi-port operator said it hit the target of achieving annual volume of 200 millon tons of cargo movement one year ahead of schedule, and plans to double the throughput by 2025. Adani Ports had taken 12 years to reach the 50 million ton mark. Its […]
Construction major KNR constructions said it has received an order from Tamil Nadu government worth Rs 223 crore for the construction of flyovers at the Sungam-Ramanathapuram junction in Coimbatore. The project will be completed within 24 months, the company said in a statement. The construction of the 30 feet wide and 3.6 kilometre long flyover […]
Infrastructure major Larsen and Toubro on Tuesday said that its hydrocarbon engineering business has received orders worth over Rs 2,500 crore from Tawfiq Coke Products, Oman. The contract is for the engineering, procurement and construction of a calcined coke plan with a capacity of 45,000 tonnes per annum. “The contract will further reinforce L&T’s operations […]
Infrastructure major Larsen and Toubro on Monday said it bagged orders worth over Rs 2,500 crore from Jharkhand, Hyderabad, Gujarat and West Bengal and Bihar. The buildings and factories arm of L&T received an order from the Jharkhand State Building Construction Corporation Limited for the construction of two 500-bed hospitals at Jamshedpur and Dumka respectively. […]
Infrastructure firm SMPL Infra Ltd said it received four new orders for water supply and irrigation projects worth Rs 883 crore from Gujarat, Manipur and Punjab. In Gujarat, it received an order worth Rs 723 crore for the implementation of Phase 3 of the Saurashtra-Narmada Avtaran Irrigation Project or SAUNI Yojana. The project initiated by […]
Infrastructure firm KEC International Ltd said that it received orders worth Rs 1,323 crores across its various businesses. The RPG Group company’s transmission and distribution business bagged orders worth Rs 287 crore across India, UAE and the United States for various projects, including the extension of a 765 KV Geographic Information System (GIS) substation, a […]
Civil Engineering firm JMC Projects Ltd on Tuesday said that it has received orders worth Rs 547 crores. Out of Rs 547 cr, Rs 232 crore is for residential and commercial projects, while the remaining is for a water pipeline project. SK Tripathi, CEO and Deputy Managing Director JMC Projects said the orders will help […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that it has bagged contracts for its power transmission and distribution business worth over Rs 1,000 crore, including from Bengaluru and Mumbai metro projects. The engineering and construction company received two orders from Andhra Pradesh. The first one is for the design and construction of two […]
The Public Works Department will set up a network of closed circuit cameras in Delhi by September. The contract for the project has been awarded to Bharat Electronics Ltd or BEL, which has in turn contracted Mumbai-based Aurionpro Solutions Ltd for the installation and maintenance of the surveillance system. “Aurionpro shall supply and install cameras […]
Ashoka Buildcon on Monday said that it received a Rs 860 crore highway construction contract in Jharkhand from National Highways Authority of India (NHAI). The contract to build the 40 kilometre highway stretch of the Khairatunda-Barwa Adda section is under a hybrid annuity mode (HAM) under which the government provides 40% of the project cost […]
