Larsen & Toubro announced that it has bagged orders of ₹ 1,458 cr, which includes a project from Saudi Electricity Company for the construction of a 132 kV double circuit transmission line and 132 kV cabling in Saudi Arabia. Power transmission & distribution business wing of the company has received engineering, procurement and construction projects […]
KEC International, a infrastructure company of the RPG Group, has secured international and government projects of Rs 1,224 crore, said the company. The projects received include Rs 805 cr transmission line projects in Karnataka, Thailand and Bangladesh, KEC said. Other projects include overhead electrification for the Indian Railways in the Nagpur and Jhansi divisions of Rs […]
L&T is aiming to double its revenue to Rs 2 Lakh crore by 2021 achieving an order inflow in excess of Rs 2.5 lakh crores per annum owing to better economic conditions , Chairman AM Naik said. With India’s GDP growth projected to touch 7.4% in 2016-17, India is the fastest growing economy in the world which […]
J. Kumar Infraprojects, a Mumbai based infrastructure company said it signed an an agreement with the Mumbai Metro Rail Corporation Ltd (MMRC) for Rs 5,012 crore phase-3 city metro works. MMRC issued a letter of authorization (LOA) to “J. Kumar – CRTG” joint venture for the 3rd phase of the Metro project. The project was assaigned […]
IL&FS Transportation Networks said it bought the entire equity stake of Singapore-based Cube Highways & Infrastructure Pvt. Ltd in Andhra Pradesh Expressway Limited (APEL) for 140.37 cr. The completion of transaction and receipt of consideration is possible after fulfilling the conditions and approval from all concerned authorities and creditors of APEL, the construction and transportation company […]
The cabinet, chaired by PM Narendra Modi, revised the budget for a clutch of highway development projects to Rs 6,461 crores, from Rs 5,193 crores. The cost has increased due to higher bid prices, and increase in cost of land acquisition, resettlement and rehabilitation and other pre-construction activities, the government said. The projects are already taken […]
Union Minister for Water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti launched various projects worth Rs 560 crore under Namami Gange programme at Ganga Barrage in Kanpur today, said ministry of water resource. This includes Rs 63 crore interception and diversion plan of Sisamau drain, Rs 397 crore networking schemes and river front […]
Punj Lloyd Ltd. said that its total revenue for Q1 from April- June, 2016 was 1,010 Crores with a order backlog of 21,618 Crores. The company’s gross income showed an increase of 45.5% as compared to the Q1 income for the previous year. The company moved from a loss of INR 289 Crores at a operating […]
Ashoka Buildcon Limited said its subsidiary Ashoka Concessions Limited (ACL) has received Rs 1,600 crore contract from National Highways Authority of India (NHAI). The contract is for the “4/6 laning of Kharar to Ludhiana section of NH-95 in the State of Punjab” and will be built on the Hybrid Annuity mode. In the hybrid annuity […]
Air India has entered into an agreement with RITES or Rail India Technical and Economic Service to use the latter as a project consultant. “With the signing of the MoU the two companies will cooperate in their future projects, in areas of planning, design and construction management of aircraft maintenance hangars, Maintenance Repair and Overhaul […]
Reliance Infrastructure Ltd., one of the flagship companies of the Anil Ambani group, said it expects bring Pipavav Defence & Offshore Engineering Co from the current corporate debt restructuring (CDR) program after taking over the company. Reliance Infra is in the process of acquiring Pipavav Defence & Offshore and is conducting an open offer for […]
Larsen & Toubro, India’s largest construction company, has won an order to design and build tracks for Riyadh Metro project in Saudi Arabia. The value of the contract is estimated at $161.37 Mn or 1070 crores. The project involves the construction of 62.86 KMs of double ballastless tracks in tunnels, viaducts, at-grade sections and three […]
The MMRDA has sanctioned Rs 35,400 crore for a 118-km expansion of Metro network in Mumbai. The new areas for which money has been sanctioned include Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor (Rs 12,000 crore and 40 km), Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 via Wadala GPO and R.A.Kidwai Marg (Rs 12,000 crore and 40 km), Dahisar-E-Andheri-E-Bandra-E Metro-5 corridor (Rs 8,100 crore […]
The Power Transmission & Distribution Business of L&T Construction has won orders worth Rs. 1,563 crores in both the international and domestic markets in July & August 2015, the construction company said. “As a strategic breakthrough in the ASEAN market, a key order has been received from Tenaga Nasional Berhad (TNB) for the design, manufacture, […]
Construction major Shapoorji Pallonji Group has issued Rs 2,610 cr of bonds at an average price of 9.15%, making it one of the biggest asset-backed infrastructure project financing in India. “At Rs 2,610 crores, this is among the largest private sector infrastructure bonds issued in India and is the largest bond in the roads sector,” […]
Adani Ports and Special Economic Zone Limited, India’s largest port developer and part of Adani Group, reported a 17% jump in its total cargo volumes and a 32% increase in revenue during the first quarter Consolidated cargo across all ports handled by the company was 40 MMT in Q1FY16. In case of containers, the Mundra […]
HCC Ltd, an infrastructure construction company, said it has been awarded a Rs 785 crore contract by Northeast Frontier Railway under a joint venture with Coastal Projects Ltd. The contract is for developing a 9.5 km tunnel between Tupul – Imphal for New Railway Line Project from Jiribam – Tupul, the company said. The Share […]
L&T’s Metallurgical and Material Handling business has secured orders worth ₹ 1242 crores across various business segments during Q4 of FY 14-15, the infrastructure construction company said. L&T–MMH has won EPC orders from SENAAT General Holding Corporation, Abu Dhabi, for its 240000 TPA Longitudinal Submerged Arc Welded (LSAW) Pipe Mill project and 20000 TPA Seamless […]
