Infrastructure - General News

European biz witnessing recovery: VA Tech Wabag   

18 Jun 2013, 6.20 pm  |  Source: CNBC-TV18

Amit Sengupta, ED, VA Tech Wabag says the company’s European market business is witnessing recovery, and its footing in the domestic market remains ...

Era Infra expects pick up in stagnant order book this year  

18 Jun 2013, 5.47 pm  |  Source: CNBC-TV18

TD Arora of Era Infra Engineering said that the company's stagnant order book was expected to pick up on the back of the company bagging the Kochi met...

BHEL wins Rs 450 crore R&M contract from Mahagenco  

18 Jun 2013, 2.33 pm  |  Source: PTI

The World Bank-funded Rs 450 crore contract has been placed on BHEL by the Maharashtra State Power Generation Corp Ltd, the statement said. The order ...

FIPB clears 16 FDI proposals worth Rs 1,647 cr  

18 Jun 2013, 2.30 pm  |  Source: PTI

The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore, while deferring Punj Lloyd's proposals for lack of securit...

Lanco's Udupi power plant sale hits hurdle: Sources  

18 Jun 2013, 1.01 pm  |  Source: CNBC-TV18

Private power producers are confronted with fuel scarcity, high debt and abysmal condition of state electricity boars that has not only impacted finan...

VA Tech Wabag gets Rs 262cr order; shares gain  

18 Jun 2013, 11.00 am  |  Source: Moneycontrol.com

VA Tech Wabag, in JV with Pratibha Industries, has bagged the order to construct water plant at Sundarijal in Nepal, with an initial capacity of 85 ml...

L&T eyeing defence orders worth up to $1.4 bn  

17 Jun 2013, 6.10 pm  |  Source: Reuters

Engineering and construction major Larsen and Toubro (L&T) iseyeing defence contracts worth Rs 80 billion and is already bidding for four contracts fr...

L&T to bid for coast guard contracts worth $695m  

17 Jun 2013, 1.29 pm  |  Source: Reuters

L&T also plans to bid for two landing platform docks that will be awarded by the Indian government, Kotwal told reporters. ...

Steel, cement sectors disappointed in April: Thermax   

12 Jun 2013, 12.09 pm  |  Source: CNBC-TV18

Capital goods industry mirrors slowdown in steel, cement and infra sectors...

Lanco Infra to refinance Rs 25k crore debt: Sources   

11 Jun 2013, 1.56 pm  |  Source: CNBC-TV18

Lanco reported a significant rise in its FY13 loss to Rs 1073 crore against Rs 112 crore in the year-ago period, as power division continued with dism...

GMR Infra arm picks up 17% in Delhi Duty Free  

10 Jun 2013, 9.10 pm  |  Source: PTI

A GMR Infrastructure subsidiary has acquired 17.03-percent stake in Delhi Duty Free Services at IGI airport for an undisclosed sum. Delhi Duty Free Se...

Will do what it takes to improve cash flow: Lanco Infra  

10 Jun 2013, 5.28 pm  |  Source: Moneycontrol.com

Lanco Infra is bullish on expansion plan in Australia after it recently ended its two-year old legal tussle with Perdaman Chemcial over coal supply is...

L&T bags orders worth Rs 2,000cr  

07 Jun 2013, 11.26 am  |  Source: PTI

L&T's construction division L&T Construction has bagged orders in building and factories, water and renewable energy, transportation infrastructure an...

New defence procurement policy gets thumbs up    

06 Jun 2013, 11.10 pm  |  Source: CNBC-TV18

The new defence procurement policy is mainly to make defence procurement transparent and also promote the domestic industry. ...

Govt plans dispute settlement tribunal for PPP projects  

05 Jun 2013, 8.22 pm  |  Source: CNBC-TV18

To iron out the wrinkles in public-private partnership, the government is now in the final phases of setting up a wide spread dispute settlement mecha...

L&T contract for Saudi gas project worth about $300m: CEO  

05 Jun 2013, 12.48 pm  |  Source: Reuters

L&T, India's biggest construction and engineering company, plans to bid for more such projects worth a total of USD three billion in the region to pus...

Lanco Infratech bags Rs 3,293-cr orders  

03 Jun 2013, 9.57 pm  |  Source: PTI

Lanco Infratech has bagged orders worth Rs 3,293.9 crore from Gujarat Industries Power Company Limited for civil works. ...

Will reduce interest cost to 10% in FY14: Essar Ports   

03 Jun 2013, 12.13 pm  |  Source: CNBC-TV18

We do not face any interest pressure. Our EBITDA was Rs 1150 crore and interest cost was about Rs 530 crore, so, we are well covered, says Rajiv Agarw...

OFS: Tata Comm fully subscribed, rest get lukewarm response  

03 Jun 2013, 9.56 am  |  Source: Moneycontrol.com

According to Sebi norms, all private sector listed companies need to have at least 25 percent public shareholding and promoters have been asked to low...

Expect orders from defence, mining sectors in Q2: BEML   

31 May 2013, 2.16 pm  |  Source: CNBC-TV18

BEML posted quarter ended March results on May 29. It reported a net profit of Rs 85.35 crore as compared to a net loss of Rs 13.99 crore in the corre...

Capex weak, China dumping hurting GDP growth: L&T boss   

31 May 2013, 12.21 pm  |  Source: CNBC-TV18

Capex has not started yet, because a huge amount of capacity is going under utilised in auto industry, consumer electronics. So new factories and new ...

GMR Infra returns to profit in Q4 on sale of subsidiary  

31 May 2013, 12.00 pm  |  Source: Moneycontrol.com

GMR has reported Rs 579.17 crore profit against Rs 366 crore loss on one time gain from sale of subsidiary....

Suzlon's Q4 net loss widens to Rs 1,912.72cr  

31 May 2013, 8.59 am  |  Source: PTI

The total income of Suzlon fell 36.37 per cent to Rs 4,336.44 crore from Rs 6,815.15 crore....

Lanco Infratech reports Rs 31.6 cr loss in Q4  

30 May 2013, 1.55 pm  |  Source: PTI

Lanco Infratech's revenue stood at Rs 3,569.6 crore in the fourth quarter of the last fiscal. The same stood at Rs 3,376.2 crore in the same period a ...

Lanco Infra expects power biz EBITDA margin at 45% in FY14   

30 May 2013, 1.23 pm  |  Source: CNBC-TV18

Lanco Infra on Thursday reported a net loss Rs.72.82 crore. It had made a net profit of Rs.72.75 crore in the same period last year....

Is it time to bet on capital goods shares yet?  

29 May 2013, 11.31 am  |  Source: Moneycontrol.com

Capital goods major Larsen & Toubro saw net addition of Rs 7900 crore orders in FY13 which was its lowest net addition in past 7 years. Bhel's total o...

Va Tech Wabag consolidated Mar '13 sales at Rs 685.53 crore  

24 May 2013, 2.42 pm  |  Source: Moneycontrol.com

Va Tech Wabag has reported a sales turnover of Rs 685.53 crore and a net profit of Rs 60.37 crore for the quarter ended Mar '13...

Cap goods cos must aim exports post rupee fall: Ravi Kumar   

24 May 2013, 1.51 pm  |  Source: CNBC-TV18

Capital goods companies needs to focus on export post rupee fall especially when demand in domestic market is abysmally low due to sullen economic env...

BHEL Q4 net drops 4.2% at Rs 3327 cr  

23 May 2013, 6.56 pm  |  Source: PTI

Bharat Heavy Electricals Limited reported net profit of Rs 3,379.81 crore in the January-March quarter of previous financial year....

Kotak retains 'add' on Larsen & Toubro, cuts target price  

23 May 2013, 9.20 am  |  Source: Moneycontrol.com

Kotak Institutional Equities has retained its 'Add' rating on Larsen & Toubro (L&T) despite the company posted poor results. L&T also declared a bonus...