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Infrastructure - General News

  • Adani Ports, TCS, Infosys among Forbes super 50 list

    Adani Ports, TCS, Infosys among Forbes super 50 list  

    Three key metrics — shareholder value, sales growth and return on equity - were taken into consideration by Forbes and PwC India while framing the Super 50 list. The Super 50 list is not a ranking, but a listing of companies whi...

    26 Jul 2016, 11.20 am  |  Source: NEWS18.com

  • Govt invites merchant bankers to manage NBCC share sale

    Govt invites merchant bankers to manage NBCC share sale  

    The government will appoint up to three merchant bankers for the share issue, which could fetch about Rs 2,200 crore to the exchequer at the current market price.

    25 Jul 2016, 11.28 am  |  Source: PTI

  • NHPC signs pact with BHEL for hydro power projects overseas

    NHPC signs pact with BHEL for hydro power projects overseas  

    State-owned NHPC today said it has entered into a pact with Bharat Heavy Electricals Ltd (BHEL) for undertaking hydro power projects in overseas markets.

    21 Jul 2016, 8.58 pm  |  Source: PTI

  • ABB India Q2 profit grows 35%, order inflows increase 7.6%

    ABB India Q2 profit grows 35%, order inflows increase 7.6%  

    "A combination of various initiatives in operational excellence and quality across diverse product lines added to the strong margin. Enhanced cash performance helped to save on interest cost," the company reasons for better profit...

    21 Jul 2016, 4.05 pm  |  Source: Moneycontrol.com

  • L&T Hydrocarbon led consortium bags $1.6 bn order from Aramco

    L&T Hydrocarbon led consortium bags $1.6 bn order from Aramco  

    "L&T Hydrocarbon Engineering (LTHE), a fully-owned subsidiary of Larsen & Toubro, in consortium with EMAS CHIYODHA Subsea (ECS), a 50:50 joint venture company owned by Ezra Holdings Ltd and Chiyoda Corporation has announced the co...

    21 Jul 2016, 1.24 pm  |  Source: PTI

  • Lanco Infra in discussions with lenders to sell assets

    Lanco Infra in discussions with lenders to sell assets  

    The filing was in response to clarification sought by the bourses on a news item which said that OPG power ventures may buy out Lanco's Amarkantak, Vidarbha and Babandha Assets.

    21 Jul 2016, 9.20 am  |  Source: PTI

  • Adani Ports to complete terminal expansion at Mundra next year

    Adani Ports to complete terminal expansion at Mundra next year  

    The strategy is part of Gautam Adani-led Adani Group's plans to develop a world-class portfolio of ports and allied logistics facilities to capture the benefits of the country's emergence as a global container transhipment hub.

    20 Jul 2016, 6.24 pm  |  Source: PTI

  • BHEL commissions 40 mw hydro power unit in West Bengal

    BHEL commissions 40 mw hydro power unit in West Bengal  

    The final unit of the project is also in advanced stages of execution, Bharat Heavy Electricals Ltd (BHEL) said in a filing to BSE.

    20 Jul 2016, 1.10 pm  |  Source: PTI

  • Fitch maintains `stable` outlook for Adani Ports

    Fitch maintains 'stable' outlook for Adani Ports  

    BBB ratings indicate low default risk currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity.

    20 Jul 2016, 7.58 am  |  Source: PTI

  • APSEZ plans to raise up to Rs 10,000 cr via securities

    APSEZ plans to raise up to Rs 10,000 cr via securities  

    The flagship firm of the Adani Group will place the special resolution before its shareholders at its annual general meeting scheduled for next month, it said in a regulatory filing today.

    19 Jul 2016, 6.48 pm  |  Source: PTI

  • NITI Aayog analysing all sick, loss making CPSEs: Supriyo

    NITI Aayog analysing all sick, loss making CPSEs: Supriyo  

    "78, 70 and 77 CPSEs incurred losses during 2012-13, 2013-14 and 2014-15 respectively," Minister of State for Heavy Industries and Public Enterprises Babul Supriyo said in a written reply to the Lok Sabha.

    19 Jul 2016, 5.36 pm  |  Source: PTI

  • Adani Power SEZ raises Rs 1,000 cr via NCDs

    Adani Power SEZ raises Rs 1,000 cr via NCDs  

    "The company has raised Rs 1,000 crore...on July 18, 2016 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," th...

    19 Jul 2016, 9.22 am  |  Source: PTI

  • Adani Ports SEZ raises Rs 1,000 cr via NCDs

    Adani Ports SEZ raises Rs 1,000 cr via NCDs  

    APSEZ had earlier reported a 38 percent jump in its consolidated net profit to Rs 914.06 core for the March quarter on account of rise in income.

    18 Jul 2016, 7.00 pm  |  Source: PTI

  • BHEL commissions 250 MW power plant in Gujarat

    BHEL commissions 250 MW power plant in Gujarat  

    The unit has been commissioned at Bhavnagar Energy Company (BECL) 2x250 MW thermal power project, located at Padva village in Bhavnagar district, Gujarat, the company said in a statement.

    15 Jul 2016, 2.14 pm  |  Source: PTI

  • Titagarh expects growth to perk up on strong order book

    Titagarh expects growth to perk up on strong order book   

    In May, the company bid for a tender involving 12,000 wagons from Indian Railways, of which the company has received 2,100 wagons worth orders, says Anil Agarwal, CFO of the company.

    15 Jul 2016, 11.00 am  |  Source: CNBC-TV18

  • NBCC to redevelop three housing colonies in Delhi

    NBCC to redevelop three housing colonies in Delhi  

    To ease the problem of shortage of government accomodation in the national capital, the government had earlier this month decided to rebuild seven housing colonies to double the existing housing units from 12,970 units to 25,667 a...

    15 Jul 2016, 9.26 am  |  Source: PTI

  • RIIL Q1 profit dips by 32% to Rs 3 crore

    RIIL Q1 profit dips by 32% to Rs 3 crore  

    Total standalone revenue of the company during the reported period declined by about a percent to Rs 26.28 crore from Rs 26.56 crore during period under review, RIIL said in a statement.

    14 Jul 2016, 7.58 am  |  Source: PTI

  • Cabinet approves stake sale in NBCC India

    Cabinet approves stake sale in NBCC India  

    "The Union Cabinet has approved the proposal of follow-on public offer (FPO) by NBCC India to divest the central government's stake in the company," a source said after the meeting.

    13 Jul 2016, 2.40 pm  |  Source: PTI

  • In India,private equity firms see new allure in old world retail

    In India,private equity firms see new allure in old world retail  

    Private equity investors like Blackstone and Rothschild-backed Xander Group are looking for malls in India, betting that people will flock to stores as more foreign brands open and online retailers ease their aggressive discountin...

    13 Jul 2016, 7.30 am  |  Source: Reuters

  • There are more sellers, fewer buyers in cement space: Dalmia

    There are more sellers, fewer buyers in cement space: Dalmia   

    Nisha Poddar of CNBC-TV18 was joined by Puneet Dalmia of Dalmia Bharat, Anil Singhvi of Ican Investments Advisors and Vikram Hosangady of KPMG to understand the big deal between JP Associates and UltraTech Cement, and other deals ...

    11 Jul 2016, 6.21 pm  |  Source: CNBC-TV18

  • L&T is my life; will ensure it remains in strong hands: AM Naik

    L&T is my life; will ensure it remains in strong hands: AM Naik  

    74-year-old Naik, who has been with Larsen and Toubro for 52 years, including about 18 years as its head after rising through ranks, said he knows everything "on the pulse" at L&T and things might not be as easy for his successor ...

    11 Jul 2016, 9.16 am  |  Source: PTI

  • Delhi projects to begin giving revenues in FY17-18 for NBCC

    Delhi projects to begin giving revenues in FY17-18 for NBCC   

    Speaking to CNBC-TV18 , Anoop Kumar Mittal of NBCC said that the company has won contracts for redevelopment of 7 colonies in South Delhi. The seed money for the project will come from NBCC, Mittal added, for which it would get an...

    08 Jul 2016, 10.00 am  |  Source: CNBC-TV18

  • Sadbhav Engg sees cost of funds going down by Rs 70 cr in FY17

    Sadbhav Engg sees cost of funds going down by Rs 70 cr in FY17   

    Speaking to CNBC-TV18 Nitin Patel of Sadbhav Engineering said that growth in tolling revenue and traffic are key triggers for the company. The company has completed refinancing 5 special purporse vehicles (SPVs) and margins are ex...

    08 Jul 2016, 8.55 am  |  Source: CNBC-TV18

  • BGR Energy receives letter of intent from APGENCO

    BGR Energy receives letter of intent from APGENCO  

    Engineering, procurement and construction major BGR Energy Systems has received a Letter of Intent from the Andhra Pradesh Power Generation Corporation (APGENCO) for execution of a project valued at Rs 2,300 crore

    07 Jul 2016, 4.56 pm  |  Source: PTI

  • L&T Construction wins Rs 3,598-cr job orders

    L&T Construction wins Rs 3,598-cr job orders  

    L&T said its Heavy Civil Infrastructure Business, along with its partner, PES Engineers Pvt Ltd, has won a major order worth Rs 1,849 crore from the Irrigation and Command Area Development Department (I&CAD) of the Telangana gover...

    07 Jul 2016, 1.22 pm  |  Source: PTI

  • L&T, partner STEC bag Rs 5,273 cr order from Mumbai Metro

    L&T, partner STEC bag Rs 5,273 cr order from Mumbai Metro  

    Engineering major Larsen & Toubro (L&T) along with its partner, STEC of China has bagged an order worth Rs 5,273 crore from Mumbai Metro Rail Corporation (MMRC)

    05 Jul 2016, 4.18 pm  |  Source: PTI

  • Adani Ports raises Rs 252 crore via NCDs

    Adani Ports raises Rs 252 crore via NCDs  

    "The company raised Rs 252 crore on July 4, 2016 by allotment of 2,520 rated, listed, secured, taxable, redeemable, non-convertible debentures of the face value of Rs 10,00,000 each on private placement basis," APSEZ said in a BSE...

    05 Jul 2016, 11.32 am  |  Source: PTI

  • L&T bags export orders worth $71.3 mn

    L&T bags export orders worth $71.3 mn  

    "Larsen & Toubro (L&T) through its joint venture companies L&T-MHPS Boilers Private Ltd (LMB) and L&T-MHPS Turbine Generators Private Ltd (LMTG) has secured export orders worth USD 71.3 million from Mitsubishi Hitachi Power System...

    05 Jul 2016, 11.22 am  |  Source: PTI

  • Rs 12000 cr debt will be transferred to UltraTech: JP Associates

    Rs 12000 cr debt will be transferred to UltraTech: JP Associates   

    JP Associates currently has debt of Rs 28,000 crore alongwith Rs 2,000 crore in a subsidiary. The entire sale process will be completed by this year-end, says Rahul Kumar, Director & CFO of JP Associates.

    05 Jul 2016, 9.31 am  |  Source: CNBC-TV18

  • Experts say UltraTech deal with Jaiprakash is a win-win

    Experts say UltraTech deal with Jaiprakash is a win-win   

    Reacting to the news, Jaspreet Singh Arora of Systematix Shares and Stocks and Sanjiv Bhasin of IIFL said the deal will largely be positive on UltraTech Cement.

    05 Jul 2016, 9.19 am  |  Source: CNBC-TV18

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