Infrastructure - General News

  • EIL to buy back shares worth Rs 658 crore

    EIL to buy back shares worth Rs 658 crore  

    In a BSE filing, the company said the board has unanimously "approved the proposal to buyback of not exceeding 4,19,61,780 equity shares of the company (representing 6.23 percent of the total number of equity shares in the paid-up...

    21 Mar 2017, 8.14 am  |  Source: PTI

  • Larsen arm wins Rs 1,656 cr contract from ONGC

    Larsen arm wins Rs 1,656 cr contract from ONGC  

    Engineering major Larsen & Toubro (L&T) today said its wholly-owned subsidiary L&T Hydrocarbon Engineering has won a Rs 1,656 crore contract from ONGC.

    20 Mar 2017, 12.39 pm  |  Source: PTI

  • L&T, BHEL and Korea's Doosan queue up for Rs 14,000-crore NTPC JV order

    L&T, BHEL and Korea's Doosan queue up for Rs 14,000-crore NTPC JV order  

    Order pertains to equipment supply and set up of a three 800-MW coal-based plant as part of the company’s expansion project at Patratu in Jharkhand.

    20 Mar 2017, 8.37 am  |  Source: Moneycontrol.com

  • GMR Infra close to selling 40% stake in Delhi airport to Paris Aeroport: Sources

    GMR Infra close to selling 40% stake in Delhi airport to Paris Aeroport: Sources  

    GMR Infrastructure is reportedly in the final stages of signing a deal with Paris-based ADP for selling about 40 percent stake in Delhi airport to raise roughly Rs 4,000 crore.

    17 Mar 2017, 9.27 pm

  • L&T Electrical & Automation FZE bags Rs 500 cr order in Qatar

    L&T Electrical & Automation FZE bags Rs 500 cr order in Qatar  

    L&T Electrical & Automation FZE, the competency centre for L&T's automation business in UAE, has bagged the Rs 500 crore contract from Qatar Rail Company (QRAIL), the company said in a statement issued here.

    17 Mar 2017, 8.55 am  |  Source: PTI

  • NBCC bags contract to build Supreme Court bldg in Mauritius

    NBCC bags contract to build Supreme Court bldg in Mauritius  

    In a filing to the BSE, NBCC today informed that it has signed agreement with the Mauritius government and Landscope (Mauritius) Ltd for construction of new Supreme Court building on PMC basis in Mauritius.

    11 Mar 2017, 8.18 am  |  Source: PTI

  • APSEZ raises Rs 1,000 crore via NCDs

    APSEZ raises Rs 1,000 crore via NCDs  

    "The company has raised Rs 1,000 crore today by allotment of 10,000 rated, listed, secured, taxable, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis," Adani Ports and...

    09 Mar 2017, 9.00 am  |  Source: PTI

  • BHEL pays 40% dividend to shareholders for 2016-17

    BHEL pays 40% dividend to shareholders for 2016-17  

    With this, it has maintained its impeccable track record of earning profits and rewarding investors by paying dividends uninterruptedly for four decades without a break, the company said in a statement.

    08 Mar 2017, 3.16 pm  |  Source: PTI

  • SBI Caps may win mandate to advise govt on BEML divestment

    SBI Caps may win mandate to advise govt on BEML divestment  

    As transaction advisor, SBI Caps will manage the stake sale process and assist the department of investment and public asset management derive the fair reserve price to get optimum proceeds from the divestment.

    06 Mar 2017, 1.52 pm  |  Source: Moneycontrol.com

  • JP Associates gets NCLT nod for cement biz sale to UltraTech

    JP Associates gets NCLT nod for cement biz sale to UltraTech  

    Jaiprakash Associates today said it has got the approval of National Company Law Tribunal (NCLT) for transfer of its cement plants to the Aditya Birla group firm, UltraTech Cement.

    03 Mar 2017, 7.58 pm  |  Source: PTI

  • Larsen &Toubro Construction wins Rs 2,170 crore orders

    Larsen &Toubro Construction wins Rs 2,170 crore orders  

    "The construction arm of L&T has won orders worth Rs 2,170 crore across its various business segments," L&T said in a statement.

    03 Mar 2017, 12.02 pm  |  Source: PTI

  • SAIL set to award ACB arm 30-year deal for Rowghat mine

    SAIL set to award ACB arm 30-year deal for Rowghat mine  

    Steel Authority of India is set to award an arm of ACB India Ltd a 30-year contract to mine, develop and operate its 14 million tonne per year Rowghat iron-ore mine in Chhattisgarh, according to an official familiar with the devel...

    03 Mar 2017, 9.16 am  |  Source: Moneycontrol.com

  • ABB India`s wind generators cross 4.5-gw mark

    ABB India's wind generators cross 4.5-gw mark  

    The generators for wind turbines are manufactured in a factory in Gujarat's Vadodara city, which is the fourth such facility in the group.

    02 Mar 2017, 8.10 pm  |  Source: PTI

  • BEML inaugurates 200 KW rooftop solar project in Mysore

    BEML inaugurates 200 KW rooftop solar project in Mysore  

    "With the installation and commissioning of the rooftop solar project, BEML inches towards achieving the target of utilising 100 percent renewable energy for captive consumption," the company said in a statement.

    02 Mar 2017, 7.04 pm  |  Source: PTI

  • Revenue recognition on Shell contract to begin Q3FY18: L&T Hydro

    Revenue recognition on Shell contract to begin Q3FY18: L&T Hydro   

    L&T Hydrocarbon, a fully owned subsidiary of L&T has signed a 5-year agreement with Shell Engineering for engineering, procurement, construction and management services.

    28 Feb 2017, 3.37 pm  |  Source: CNBC-TV18

  • L&T Hydrocarbon Engineering gets 5-year job order from Shell

    L&T Hydrocarbon Engineering gets 5-year job order from Shell  

    "L&T Hydrocarbon Engineering, a fully-owned subsidiary of Larsen & Toubro, has signed an enterprise framework agreement with Shell Global Solutions International for providing engineering, procurement and construction management s...

    28 Feb 2017, 1.14 pm  |  Source: PTI

  • APSEZ buys back NCDs worth Rs 670 crore

    APSEZ buys back NCDs worth Rs 670 crore  

    "The company has today bought back 3,483 non-convertible debentures," APSEZ said in a BSE filing.

    28 Feb 2017, 11.54 am  |  Source: PTI

  • ICRA upgrades rating outlook of APSEZ to stable

    ICRA upgrades rating outlook of APSEZ to stable  

    ICRA today said it has upgraded rating outlook of Adani Ports and Special Economic Zone (APSEZ) from 'negative' to 'stable' and reaffirmed long term rating at AA+.

    27 Feb 2017, 7.26 pm  |  Source: PTI

  • GMR Chhattisgarh Energy completes SDR, allots shares

    GMR Chhattisgarh Energy completes SDR, allots shares  

    "GMR Chhattisgarh Energy Ltd (GCEL), a subsidiary of GMR Infrastructure Ltd (GIL), has announced that the consortium of lenders of GCEL has adopted strategic debt restructuring plan (SDR), as provided under the scheme permitted by...

    27 Feb 2017, 1.16 pm  |  Source: PTI

  • L&T expects pick up in oil sector orders in 2 years

    L&T expects pick up in oil sector orders in 2 years  

    With global oil prices stabilising, L&T Hydrocarbon Engineering expects orders from international and domestic players to improve in the next two years.

    26 Feb 2017, 1.34 pm  |  Source: PTI

  • `Govt may cross Rs 45,500 cr divestment target this fiscal`

    'Govt may cross Rs 45,500 cr divestment target this fiscal'  

    "The response to recent disinvestment offers has been very good. It seems the disinvestment target for the current fiscal may be exceeded," one of the officials said.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Punj Lloyd wins Rs 348 crore pipeline, tankage contracts

    Punj Lloyd wins Rs 348 crore pipeline, tankage contracts  

    Infrastructure company Punj Lloyd today said it has won Rs 348 crore projects, including Rs 139 crores order from Adani and Rs 209 crore pipeline contract from Mumbai Port Trust.

    20 Feb 2017, 7.50 pm  |  Source: PTI

  • Siemens Ltd, Siemens Rail win Rs 287crore Nagpur metro order

    Siemens Ltd, Siemens Rail win Rs 287crore Nagpur metro order  

    Siemens Ltd today said it along with another firm has bagged a Rs 287-crore order from Nagpur Metro Rail Corp to supply signalling technology for the first two lines - North-South and East-West corridors - of the proejct.

    20 Feb 2017, 7.08 pm  |  Source: PTI

  • Expect 2017-18 to be a better yr, order flow may improve: L&T

    Expect 2017-18 to be a better yr, order flow may improve: L&T   

    Speaking at the sidelines of Confederation of Indian Industry (CII) CFO Summit 2017 in Mumbai - Larsen & Toubro's CFO, R Shankar Raman said that he expects 2017-18 to be a better year for the company and that orders could trickle ...

    20 Feb 2017, 4.48 pm  |  Source: CNBC-TV18

  • IRB Infra appoints former NHAI chief as board chairman

    IRB Infra appoints former NHAI chief as board chairman  

    IRB Infrastructure, a wholly-owned subsidiary of IRB Infrastructure Developers today said it has appointed former NHAI Chief Rajinder Pal Singh as Chairman to the Board.

    17 Feb 2017, 2.44 pm  |  Source: PTI

  • COMMENT: India`s defence sector opportunity – hype or $12 bn hope?

    COMMENT: India's defence sector opportunity – hype or $12 bn hope?  

    Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).

    17 Feb 2017, 1.43 pm  |  Source: Moneycontrol.com

  • No toll fees for 25 days led to 20% fall in collections in 2016

    No toll fees for 25 days led to 20% fall in collections in 2016  

    The demonetisation exercise proved detrimental to toll collections which dropped a sharp 20 percent year-on-year in the three months to December 2016, reports Financial Express.

    17 Feb 2017, 12.35 pm  |  Source: Moneycontrol.com

  • To focus on EPC and defence going forward: Texmaco

    To focus on EPC and defence going forward: Texmaco   

    Texmaco Limited, the railway wagon and engineering company, will shift focus to Engineering, Procurement, and Construction (EPC) from sale of wagons, says Executive Director AK Vijay.

    15 Feb 2017, 2.19 pm  |  Source: CNBC-TV18

  • IL&FS Transportation arm re-finances Rs 715 cr debts via NCDs

    IL&FS Transportation arm re-finances Rs 715 cr debts via NCDs  

    "The Hazaribagh Ranchi Expressway Limited, a subsidiary of the company, has re-financed its debts including senior debt amounting to Rs 715 crore availed for development of section of NH-33... in the state of Jharkhand by issue of...

    15 Feb 2017, 11.56 am  |  Source: PTI

  • Adani Ports Q3 net profit jumps 26% to Rs 850 cr

    Adani Ports Q3 net profit jumps 26% to Rs 850 cr  

    Adani Ports and Special Economic Zone Ltd (APSEZ) today reported a 25.82 percent jump in its consolidated net profit to Rs 849.75 core for the quarter ended December 2016, on the back of increased income.

    14 Feb 2017, 5.52 pm  |  Source: PTI

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