Post COVID, Raymond cancels demerger of apparels, to monetize real estate

Mumbai-based Raymond Ltd said it has abandoned its two-year-old plan of splitting its garments, or lifestyle, business into a different company, and will instead focus on monetizing its engineering business. The company also said it will spin off its real estate business into a new company, but wholly owned by Raymond Ltd. In 2019, Raymond […]

Rs 540 cr contract awarded to redevelop Lucknow’s iconic Charbagh railway station

Construction major Ahluwalia Contracts said it has won a Rs 539 cr order from the government of India-controlled NBCC for the redevelopment of the iconic Charbagh Railway station in Lucknow. With this, said the company, the total inflow of orders in the seven months of this year has been Rs 2,575 cr. Further details, such […]

GAIL awards Rs 216 cr pipeline project to IL&FS Engineering and Construction

IL&FS Engineering and Construction Company said it got a Rs 216 cr order from Gas Authority of India Limited to lay a 158 km long pipeline. The 30-inch diameter pipeline is part of Part B of the Dobhi-Durgapur-Haldia project in West Bengal. It also has to create a 13.28 km long 12-inch spurline under Jagdishpur […]