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Infrastructure - General News

  • GMR Infra wins Goa’s Greenfield Mopa Airport for Rs 3300 crore

    GMR Infra wins Goa’s Greenfield Mopa Airport for Rs 3300 crore  

    The concession period for the Greenfield project is 40 years, which can be further extended to another 20 years through a bid process.

    27 Aug 2016, 2.10 pm  |  Source: Moneycontrol.com

  • L&T looks to turn asset-light, eyes Rs 2 trn revenues by FY21

    L&T looks to turn asset-light, eyes Rs 2 trn revenues by FY21  

    Engineering major Larsen and Toubro's outgoing Chairman A M Naik has laid out a five-year road map to become an "asset-light" entity with revenues of Rs 2 lakh crore by 2020-21.

    27 Aug 2016, 1.56 pm  |  Source: PTI

  • Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021

    Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021   

    As part of sharpening the business focus, Naik said the company has "identified select growth businesses in L&T's broad portfolio. These include IT, technology services, defence, smart world and water management.

    26 Aug 2016, 5.10 pm  |  Source: PTI

  • Adani Food`s pulses processing unit proposal in SEZ rejected

    Adani Food's pulses processing unit proposal in SEZ rejected  

    The decision regarding this was taken by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, at its meeting on August 12.

    25 Aug 2016, 2.38 pm  |  Source: PTI

  • IL&FS Transportation to sell APEL for Rs 140 crore

    IL&FS Transportation to sell APEL for Rs 140 crore  

    "The company has entered into a share purchase agreement on August 24 with Cube Highways & Infrastructure Pte Ltd, a company incorporated in Singapore, for sale of its entire equity stake in Andhra Pradesh Expressway Ltd (APEL) fo...

    25 Aug 2016, 12.44 pm  |  Source: PTI

  • Low procurement rate may impact Railway projects: Titagarh

    Low procurement rate may impact Railway projects: Titagarh   

    Speaking to CNBC-TV18, Umesh Chowdhary, VC &MD of Titagarh Wagons said that the Railways might not be able to achieve its targets due to low procurement rates.

    25 Aug 2016, 11.01 am  |  Source: CNBC-TV18

  • MEP mulling rights/preferential issue for share capital increase

    MEP mulling rights/preferential issue for share capital increase   

    The incremental capital will be brought in through either preferential shares or rights issue and the total quantum of fund raising will be in-line with requirement of equity to be infused for the projects, said Jayant Mhaiskar, V...

    24 Aug 2016, 3.15 pm  |  Source: CNBC-TV18

  • Demand in hydrocarbon sector, international pipeline strong: EIL

    Demand in hydrocarbon sector, international pipeline strong: EIL   

    Engineers India's bet on the international sector is paying off, with about Rs 100 crore revenue accruing from there and margins coming back up to 20 percent.

    24 Aug 2016, 2.24 pm  |  Source: CNBC-TV18

  • GMR Infra plans to raise up to Rs 2,500 cr

    GMR Infra plans to raise up to Rs 2,500 cr  

    GMR Infrastructure plans to raise up to Rs 2,500 crore through issuance of equity shares, equity linked instruments, debentures or any other securities.

    23 Aug 2016, 7.54 pm  |  Source: PTI

  • Aiming fourfold expansion of Dhamra capacity by 2020:Adani Ports

    Aiming fourfold expansion of Dhamra capacity by 2020:Adani Ports   

    Adani's Ennore and Vizhinjam ports are currently under construction and will start operations in October and December respectively. It currently has 8 operating ports.

    23 Aug 2016, 12.35 pm  |  Source: CNBC-TV18

  • NBCC bags Rs 120 cr contract from ASI

    NBCC bags Rs 120 cr contract from ASI  

    ASI has executed a memorandum of understanding (MOU) with NBCC for "assigning work for construction of Institute of Archaeology and UNESCO Category-II Centre at Knowledge Park- II, Greater Noida amounting Rs 120.00 crore (approx),...

    20 Aug 2016, 6.04 pm  |  Source: PTI

  • Piramal Realty awards Rs 700 cr contract to L&T

    Piramal Realty awards Rs 700 cr contract to L&T  

    The Mumbai-based realty firm is developing a project in Byculla - Piramal Aranya - with the total investment pegged at Rs 4,450 crore, including land, and project development and execution costs, the company said in a statement to...

    19 Aug 2016, 4.28 pm  |  Source: PTI

  • L&T gets mandate to turn Nagpur into integrated smart city

    L&T gets mandate to turn Nagpur into integrated smart city  

    Infrastructure major Larsen & Toubro has been picked as the implementation partner to make Nagpur the first large-scale integrated smart city of the country.

    16 Aug 2016, 6.42 pm  |  Source: PTI

  • BHEL bags Rs 169 cr order for solar photovoltaic power plant

    BHEL bags Rs 169 cr order for solar photovoltaic power plant  

    The EPC order has been placed by West Bengal State Electricity Distribution Corporation Ltd (WBSEDCL), BHEL said in a statement.

    16 Aug 2016, 2.16 pm  |  Source: PTI

  • JP Associates fails on interest payment on NCDs

    JP Associates fails on interest payment on NCDs  

    Cash-strapped infrastructure firm Jaiprakash Associates Ltd (JAL) today said it has failed to pay a total of Rs 3.54 crore in interest for NCDs.

    12 Aug 2016, 10.32 pm  |  Source: PTI

  • CBI carries out searches at Jaiprakash Associates office

    CBI carries out searches at Jaiprakash Associates office  

    CBI today carried out searches at the office of Jaiprakash Associates in connection with alleged fraud in claiming insurance money from United India Insurance Corporation Limited with regards to Dul Hasti hydroelectric power plant...

    12 Aug 2016, 7.50 pm  |  Source: PTI

  • Abhishek Infra standalone Jun '16 sales at Rs 10.91 crore  

    Abhishek Infraventures has reported a sales total income from operations of Rs 10.91 crore and a net profit of Rs 0.19 crore for the quarter ended Jun '16

    12 Aug 2016, 4.33 pm  |  Source: Moneycontrol.com

  • Va Tech Wabag consolidated Jun '16 sales at Rs 580.25 crore  

    Va Tech Wabag has reported a consolidated total income from operations of Rs 580.25 crore and a net profit of Rs 5.19 crore for the quarter ended Jun '16

    12 Aug 2016, 4.24 pm  |  Source: Moneycontrol.com

  • Order visibility strong in construction, BOT segments: IRB Infra

    Order visibility strong in construction, BOT segments: IRB Infra   

    Speaking to CNBC-TV18, VD Mhaiskar, CMD of IRB Infra says that current orders will be executed in next 2.5-3 years and hence, there are no worries over the growth.

    11 Aug 2016, 3.53 pm  |  Source: CNBC-TV18

  • IRB Infra Q1 profit beats estimates, up 10%; margin shrinks

    IRB Infra Q1 profit beats estimates, up 10%; margin shrinks  

    Construction revenue, which contributed 60 percent to total business, shot up 55.2 percent to Rs 913 crore in Q1 with earnings before interest & tax (EBIT) growing 52.8 percent to Rs 251.7 crore but margin declined 38 basis points...

    11 Aug 2016, 3.05 pm  |  Source: Moneycontrol.com

  • Thermax plans additional investment of Rs 6 cr in First Energy

    Thermax plans additional investment of Rs 6 cr in First Energy  

    "The board at its meeting held on August 10, 2016, has approved to make an additional investment in First Energy Private Limited (FE), the alternative energy solutions company in which the company has acquired 33 per cent stake in...

    11 Aug 2016, 1.16 pm  |  Source: PTI

  • Punj Lloyd Q1 net loss narrows to Rs 211 crore

    Punj Lloyd Q1 net loss narrows to Rs 211 crore  

    Company's net loss in the April-June quarter of the previous fiscal was Rs 581.84 crore, Punj Lloyd said in a BSE filing.

    11 Aug 2016, 1.10 pm  |  Source: PTI

  • Not heard from govt yet on VSNL land development: NBCC

    Not heard from govt yet on VSNL land development: NBCC   

    NBCC has not received any official communication from the government for development of any part of the VSNL land that it plans to demerge in the near future, says Chairman Anoop Kumar Mittal.

    11 Aug 2016, 11.44 am  |  Source: CNBC-TV18

  • FY17 revenue may be a bit lower than last fiscal year: Thermax

    FY17 revenue may be a bit lower than last fiscal year: Thermax   

    Thermax has started bidding for selective and specialised products and is close to winning a large order in the solar thermal space, says MS Unnikrishnan, MD of Thermax.

    11 Aug 2016, 10.40 am  |  Source: CNBC-TV18

  • GE, L&T partner to manufacture subsea equipment

    GE, L&T partner to manufacture subsea equipment  

    "Contributing to India's exploration and production (E&P) activities in the oil and gas sector, GE has signed an exclusive MoU with L&T Hydrocarbon Engineering, a wholly-owned subsidiary of L&T," the company said in a statement.

    10 Aug 2016, 3.00 pm  |  Source: PTI

  • Thermax Q1 net down 10%, lower order carry forward drags revenue

    Thermax Q1 net down 10%, lower order carry forward drags revenue  

    "Order balance position reflected the challenges in core sectors of domestic economy and the sluggish growth in overseas markets," the company said in its filing.

    10 Aug 2016, 1.19 pm  |  Source: Moneycontrol.com

  • Adani Ports Q1 profit up 31% to Rs 835.7 crore on other income

    Adani Ports Q1 profit up 31% to Rs 835.7 crore on other income  

    Adani Ports and Special Economic Zone's first quarter (April-June) consolidated net profit increased sharply by 30.8 percent to Rs 835.7 crore, which was far ahead of estimates due to other income.

    09 Aug 2016, 3.20 pm  |  Source: Moneycontrol.com

  • `Govt never imposed penalty of Rs 200 cr on Adani port, SEZ`

    'Govt never imposed penalty of Rs 200 cr on Adani port, SEZ'  

    "The government has never imposed the penalty of Rs 200 crore on Adani port and SEZ and accordingly the question of withdrawl does not arise," Environment Minister Anil Madhav Dave said in a written reply.

    08 Aug 2016, 3.22 pm  |  Source: PTI

  • Comm op of renovated BTPS plant unit likely to begin by Aug 31

    Comm op of renovated BTPS plant unit likely to begin by Aug 31  

    "The unit 7 of the plant (BTPS) on Thursday was run on coal during which it was checked as whether or not all parameters are working as per the norms... We hope to start commercial generation from the plant by August 31," P K Rai,...

    06 Aug 2016, 6.36 pm  |  Source: PTI

  • IRB`s AE Tollway commneces work on Agra-Etawah bypass

    IRB's AE Tollway commneces work on Agra-Etawah bypass  

    The project is on design, build, finance, operate and transfer (DBFOT) basis, as envisaged by the NHAI under its Phase-V of the National Highway Development Projects (NHDP).

    05 Aug 2016, 8.14 am  |  Source: PTI

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