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L&T eyes 20% growth in construction, mining machinery business in FY26

L&T eyes 20% growth in construction, mining machinery business in FY26

Thu, Dec 26, 2024

Infrastructure major Larsen & Toubro (L&T) expects its construction and mining machinery business to grow at least 20 per cent in the next fiscal year with the company planning to double sales in the next five years.

Construction firm BCD Group appoints Ashwinder R Singh as Vice Chairman, CEO

Construction firm BCD Group appoints Ashwinder R Singh as Vice Chairman, CEO

Wed, Aug 28, 2024

Before joining BCD, Singh was CEO-Residential at Bharti Urban, a Bengaluru-based real estate developer. He has over 27 years of experience in the real estate sector.

K&R Rail Engineering Ltd signs MoU with South Korea's UNECO for composite sleeper plant

K&R Rail Engineering Ltd signs MoU with South Korea's UNECO for composite sleeper plant

Thu, Jul 11, 2024

K&R Rail Engineering Ltd, India’s only end-to-end solutions provider, specialises in providing comprehensive services for the establishment of private railway sidings on a turnkey basis, encompassing various construction activities related to railway infrastructure.

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NW-I development to help revitalise two HDPE shipyards

NW-I development to help revitalise two HDPE shipyards

Sun, Nov 19, 2017

"Cochin Shipyard Ltd has indicated an investment of Rs 130-150 crore over the next three to five to revive the two shipyards of HDPE that has potential to create direct employment for 150-200 people," HDPE Chairman Balaji Arun Kumar told PTI.

PSP Projects IPO to hit next week; should you subscribe?

PSP Projects IPO to hit next week; should you subscribe?

Fri, May 12, 2017

PSP projects Limited was incorporated on August 26, 2008, as a private limited company.

L&T Constructions bags Rs 5,250 crore order from Qatar company

L&T Constructions bags Rs 5,250 crore order from Qatar company

Mon, Apr 10, 2017

This was one of its single largest order won in the Middle East and came from Kahramaa.

Over 800 housing projects face delay of up to 4 years in India: Assocham

Over 800 housing projects face delay of up to 4 years in India: Assocham

Sun, Apr 09, 2017

Over 2,300 real estate projects were being developed at the end of December 2016 and out of that 826 housing and 60 commercial projects were facing significant delays

India Inc's credit quality improves but remains fragile

India Inc's credit quality improves but remains fragile

Tue, Apr 04, 2017

Crisil, in its report, said, "The improvement was driven by firm commodity prices, stable macros, improving capital structure and lower interest costs. Going forward, we expect the gradual improvement in credit quality to sustain."

Land leasing, renting to attract GST from July 1

Land leasing, renting to attract GST from July 1

Tue, Mar 28, 2017

Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha yesterday for approval.

India Inc positive on expanding trade, investment biz opportunities with Indian Ocean Rim Association: Ficci survey

India Inc positive on expanding trade, investment biz opportunities with Indian Ocean Rim Association: Ficci survey

Thu, Mar 02, 2017

Ficci in its latest survey has said that Indian industry is positive on expanding its trade and investment business opportunities with Indian Ocean Rim Association (IORA).

DLF to invest Rs 3,500 crore in 2017 to complete running projects

DLF to invest Rs 3,500 crore in 2017 to complete running projects

Sun, Feb 19, 2017

"We have already constructed nearly 11 million sq ft in the first three quarters of this fiscal. Now, we are targeting to complete almost all of our projects this year," DLF's Group Chief Financial Officer (CFO) Ashok Tyagi told PTI.

Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings

Thu, Feb 09, 2017

India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.

HCC becomes first company to go for debt restructuring under S4A scheme

HCC becomes first company to go for debt restructuring under S4A scheme

Fri, Dec 02, 2016

It said, “The board has approved issuance of nearly 25.20 crore equity shares of HCC – which represents 24.44% of the expanded share capital of the company, along with optionally convertible debentures (OCDs) not exceeding Rs 2000 crore on preferential basis to the lenders.”

L&T's construction arm wins orders worth Rs 1926 crore; shares down ahead of Q2

L&T's construction arm wins orders worth Rs 1926 crore; shares down ahead of Q2

Tue, Nov 22, 2016

The company received a major order from Odisha Power Transmission Corporation Ltd. (OPTCL) for operating in five circles of the WESCO utility area in Odisha. For the same, it also bagged order from Madhyanchal Vidyut Vitaran Nigam Ltd. (MVVNL), Lucknow in three tehsils of Unnao district in the state of Uttar Pradesh.

NBCC to set up NBFC to finance growing business

NBCC to set up NBFC to finance growing business

Thu, Oct 06, 2016

AKMittal, Chairman and Managing Director of NBCC said that among various initiatives under consideration, the company is keen to float a Non-Banking Finance Company (NBFC) to finance growing business.

Here's what to expect from Maharashtra's new housing policy on September 2

Here's what to expect from Maharashtra's new housing policy on September 2

Thu, Sep 01, 2016

Government may decide to construct around 1.50 lakh houses on the salt pan lands. There is around 650 acre of salt pan land between Ghatkopar and Mumbai in North-East Mumbai.

Mining, construction, power, textile holds 55% of India’s bad debt: Ind-Ra

Mining, construction, power, textile holds 55% of India’s bad debt: Ind-Ra

Wed, Jul 20, 2016

India’s bad debt is concentrated in four sectors - iron and steel, construction and infrastructure, power and textile which hold 55% of the total Rs 11.8 trillion debt, a report by India Ratings agency stated.

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