Nitin Gadkari, who is slowly building up a reputation as a pragmatic and capable minister, is likely to face major disappointment in the ongoing financial year as his ministry is unlikely to meet the steep road construction target it set for itself. Unlike the term of the previous government, when an average of 5,000 km […]
Emgee Group, known for its high-end properties, said it is planning to enter the affordable homes segment by building homes in price range of Rs 8 lakh to Rs 14 lakh with a configuration of 300 sq ft to 500 sq ft each unit. With this venture the company aims to help home-buyers qualify for benefits […]
Infrastructure company Adani Enterprises Ltd said it commissioned India’s largest tracker-based solar power plant at Bhatinda in Punjab. The 100 megawatt plant is also the largest solar project in Punjab. Tracker plants are those with motorized panels that keep tracking the sun as it moves across the sky. Compared to fixed panels, tracking panels generate 30-35% […]
KEC International Ltd, the infrastructure unit of RPG Group, reported a 22.5% rise in EBITDA to Rs 185 cr for its second quarter of FY17. EBITDA margin, which shows how profitable the company’s operations are, increased by 140 bps to 8.7% from 7.3%, reflecting a 28.11% growth in EBITDA to Rs 154.79 cr. “We have consistently […]
RPP Infra projects Ltd said it received a contract worth Rs 254 mln from Tamil Nadu Civil Supplies Corporation to construct scientific storage godown at Kodavasal village & taluk in Thiruvarur district. The godown is of 2500 MT and is to be completed within 24 months. R.P.P Infra Projects Ltd, founded in 1988, is a […]
Larsen & Tubro said the transportation infrastructure business of L&T construction won a contract worth Rs 3,799 cr from the Dedicated Freight Corridor Corporation of India Ltd. This contract has been secured by a consortium of Larsen and Toubro Ltd and Sojitz Corp.,Japan. Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) is a special purpose […]
Hindustan Construction Company said it has won a Rs 368 crore contract from the Northeast Frontier Railway to Construct a safety tunnel between Tupul and Imphal in Manipur state in joint venture with Vaishno Cement Company Limited. This is part of the new railway line project being constructed between Jiribam and Imphal of Northeast Frontier […]
Nila Infrastructures Ltd said it got a Rs 43.5 cr order from Adani Ports and Special Economic Zone Ltd to construct an office building at Adani Shantigram, located on S.G. Highway, Ahmedabad. The contract envisages overall construction of ground + 13 floors + two basements covering about 300,000 sq. ft. built-up area and has to be […]
To ensure the safety of bridges in the country Road Transport & Highways and Shipping Ministry launched the Indian Bridge Management System. IBMS is developed to create an inventory of all bridges in the country and rate their structural condition so that timely repair and rehabilitation work can be carried out based on the criticality […]
Gayatri projects, a highway infrastructure company, said it has won a Rs 926 crore four-laning project of NH 82 in Bihar to be funded by Japan International Coorporation Agency. The project will cover the Gaya-Hisua-Rajgir-Nalanda-Biharsharif route of NH 82 in Bihar, said the company. It has received projects for Rs 12,000 crores in the past […]
Larsen & Toubro, a leading Indian infrastructure company, said it has won projects worth Rs 6,024 crores across various business segments, including some in the Middle East. Out of theRs 6,024 crores, Rs 2,501 crores worth of projects were from the Middle East. The period over which these contracts were acquired was not disclosed. The power […]
The Ministry of Finance said sports infrastructure will be included under the harmonized master list of infrastructure subsectors, easing the flow of investments and incentives to the sector. The decision was taken after a series of meetings and discussions with different agencies including RBI. This inclusion would bolster investment in sports infrastructure sector which will […]
Gayatri Projects, along with its Russian joint venture partner PTPS, won a Rs 1,255 cr contract from the National Highway Authority of India. The Contract is to be executed on an EPC (Engineering, Procurement & Construction) basis, which, the company said, is in line with the management’s decision to maintain an asset-light model. The contract […]
Shriram EPC Limited (SEPC), a construction and project management company, said it has won a project for Rs 74 crores from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) for providing water to Pallikaranai and Mugalivakkam areas in Chennai. The project will be completed over a period of 24 months, said the company. Shriram EPC […]
NBCC (India) Ltd, said it got a contract worth Rs 440 crore for the construction of hospitals in Haridwar, Dehradun and Indore from Employee’s State Insurance Corporation, Ministry of Labour & Employment. As per the contract, the NBCC should build 100 bedded hospitals at Haridwar & Dehradun and 300 bedded hospitals in Indore, Madhya Pradesh. […]
Builder Kolte-Patil Developers Ltd said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with US-based Portman Holdings. “This project sets a unique example of an Indian & an International developer/Investor working in partnership on various aspects of the project to deliver a good product […]
GVK Power and Infrastructure Ltd. said it had settled the dispute between itself and Housing Development and Infrastucture Ltd (HDIL) related to the slum rehabilitation activities near the Mumbai International Airport. ¨The parties have signed a settlement agreement dated 8th September, 2016 vide which they have irrevocably and unconditionaly withdrawn all their respective claims and […]
K Raheja Corp launched its latest township project ‘Viva’, at Pirangut in Pune. Viva is spread over 77 acres of land and has independent bungalows, twin villas, townhouses, and plots which is located away from the congested main city, the company said. The project’s amenities includes cricket pitch, tennis courts, golf-putting zones, forest adventure trails, […]
Kolte Patil, a real estate builder based in Pune, expects to increase the pre-sales for the current financial year by approximately 20% and is targeting deliveries of around 2,500 units. “Uptick in pre-sales is expected to sustain for the rest of the year,” company said. Company is also targeting launch of two projects at prime […]
GPT Infraprojects Limited, a manufacturer of concrete sleepers for Railways, announced that it bagged two orders from Indian Railways worth Rs 64 cr. First contract consist of the manufacturing and distribution of 1,66,600 nos of broad gauge concrete sleepers which will be suppied from company´s Panagarh factory in West Bengal. The project has to be […]
