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Infrastructure - General News

  • L&T bags $100 mn order from Vietnam Border Guard

    L&T bags $100 mn order from Vietnam Border Guard  

    "Larsen & Toubro (L&T) has signed the principle contract with Vietnam Border Guard... for design and construction of high speed patrol vessels in India as well as transfer of design and technology along with supply of equipment an...

    22 Sep 2016, 1.50 pm  |  Source: PTI

  • Sadbhav Infrastructure Project raises Rs 200 crore via NCDs

    Sadbhav Infrastructure Project raises Rs 200 crore via NCDs  

    SIPL currently has 12 build operate transfer (BOT) projects of which seven are fully operational, one is partially operational and others are under various stages of construction. All these projects are Special Purpose Vehicles (S...

    22 Sep 2016, 1.34 pm  |  Source: PTI

  • New order to turn in revenues from last quarter of FY17: NBCC

    New order to turn in revenues from last quarter of FY17: NBCC   

    NBCC will start booking revenue from the Rs 400-crore hospitals project awarded by the Labour Ministry from the last quarter of FY17, says Chairman Anoop Kumar Mittal. Commission will be 5 percent over construction cost, he adds.

    21 Sep 2016, 11.36 am  |  Source: CNBC-TV18

  • IRB bags six-laning highway project in Rajasthan

    IRB bags six-laning highway project in Rajasthan  

    IRB Infrastructure Developers today said it has bagged a DBFOT road project for six-laning of 125 km long Kishangarh-Udaipur-Ahmedabad section in Rajasthan.

    20 Sep 2016, 7.12 pm  |  Source: PTI

  • Adani Ports inks pact to acquire Australia`s APB

    Adani Ports inks pact to acquire Australia's APB  

    "Abbot Point Operations Pty Ltd (APO), an Australian subsidiary of APSEZ has entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB), an Australian registered company performing the operations and main...

    20 Sep 2016, 4.02 pm  |  Source: PTI

  • L&T bags orders worth Rs 1,726 crore

    L&T bags orders worth Rs 1,726 crore  

    "The construction arm of L&T has won orders worth Rs 1,726 crore across various business segments," L&T said in a BSE filing today.

    20 Sep 2016, 11.52 am  |  Source: PTI

  • CCI orders probe against Jaypee group in majority orders

    CCI orders probe against Jaypee group in majority orders  

    In both the cases, two members of the Competition Commission of India (CCI) have given their dissent notes while opining that the company did not held a dominant position in the relevant market and "no case is made out" against it...

    15 Sep 2016, 3.40 pm  |  Source: PTI

  • GMR Infra Q1 net loss zooms to Rs 123 cr

    GMR Infra Q1 net loss zooms to Rs 123 cr  

    The diversified group, with interest in energy, roads and airport sectors, had logged a net loss of Rs 1.33 crore in the year-ago period, it said in a BSE filing.

    15 Sep 2016, 3.28 pm  |  Source: PTI

  • BEML Q1 net loss widens to Rs 107 cr

    BEML Q1 net loss widens to Rs 107 cr  

    State-run BEML Ltd's standalone net loss widened to Rs 107.10 crore for the quarter ended June 30.

    14 Sep 2016, 7.28 pm  |  Source: PTI

  • NBCC Q1 profit up 16% at Rs 47 cr

    NBCC Q1 profit up 16% at Rs 47 cr  

    State-owned construction major NBCC (India) Ltd today reported 16 per cent increase in consolidated net profit to Rs 47.09 crore for the quarter ended June 30.

    14 Sep 2016, 7.28 pm  |  Source: PTI

  • ABB commissions shore-to-ship green tech for VOC

    ABB commissions shore-to-ship green tech for VOC  

    This solution expands the scope of the green agenda beyond renewable power to technology, which will enable ships docking at a port to plug for power instead of running on polluting diesel generators and using expensive power, the...

    14 Sep 2016, 2.02 pm  |  Source: PTI

  • Jaiprakash Associates Q1 net loss widens to Rs 603 cr

    Jaiprakash Associates Q1 net loss widens to Rs 603 cr  

    Jaiprakash Associates today reported widening of its standalone net loss to Rs 602.95 crore for the quarter ending June 2016.

    09 Sep 2016, 9.54 pm  |  Source: PTI

  • EIL offers equity to its employees as part of disinvestment

    EIL offers equity to its employees as part of disinvestment  

    As part of the disinvestment process, state-owned Engineers India Ltd (EIL) will sell part of the government stake to its eligible employees at a discounted price of Rs 187.29 per unit, a move that will fetch about Rs 31.5 crore t...

    09 Sep 2016, 5.36 pm  |  Source: PTI

  • MEP Infra to file draft prospectus for InvIT in a month: MD

    MEP Infra to file draft prospectus for InvIT in a month: MD  

    MEP Infrastructure too will be filing for a DRHP for InvIT within a month's time, said Vice Chairman and Managing Director Jayant Mhaiskar, adding that post that the approval is likely to come in 45 days.

    09 Sep 2016, 3.09 pm  |  Source: CNBC-TV18

  • Expect 25% revenue growth in this fiscal year: Brahmaputra Infra

    Expect 25% revenue growth in this fiscal year: Brahmaputra Infra   

    In an interview with CNBC-TV18, Sanjeev Prithani, JMD of Brahmaputra said that he expects a 25 percent revenue growth for FY17 and sees order inflows worth Rs 400 crore in the fiscal.

    08 Sep 2016, 3.07 pm  |  Source: CNBC-TV18

  • GMR to spend $700 mn for airport projects in Philippines, Goa

    GMR to spend $700 mn for airport projects in Philippines, Goa  

    Currently, GMR is operating airports in the national capital, Hyderabad and Cebu under different public private partnerships. "We have plans of spending another USD 700 million (over Rs 4,600 crore) for Cebu and Goa airports," GMR...

    07 Sep 2016, 4.02 pm  |  Source: PTI

  • BHEL Q1 net jumps 54%, income rises 29%, EBITDA at Rs 71 cr

    BHEL Q1 net jumps 54%, income rises 29%, EBITDA at Rs 71 cr   

    According to a CNBC-TV18 poll, BHEL was expected to post weak June quarter. The company was seen reporting net loss at Rs 15 crore in April-June quarter while revenue was likely to be flat at Rs 4630 crore. Its EBITDA loss in Q1 w...

    07 Sep 2016, 1.41 pm  |  Source: Moneycontrol.com

  • Ind-Ra downgrades BHEL`s long-term issuer rating to `AA+`

    Ind-Ra downgrades BHEL's long-term issuer rating to 'AA+'  

    Simultaneously, all ratings have been removed from Rating Watch Negative (RWN) and a negative outlook has been assigned to all long term ratings," BHEL said in a BSE filing today.

    07 Sep 2016, 1.26 pm  |  Source: PTI

  • NBCC eyeing high value contracts in Rs 100-Rs 30,000 cr range

    NBCC eyeing high value contracts in Rs 100-Rs 30,000 cr range   

    Going forward the company aims to focus on high value contracts ranging between Rs 100 to Rs 30,000 crore, said Anoop Kumar Mittal Chairman and Managing Director, NBCC.

    07 Sep 2016, 12.57 pm  |  Source: CNBC-TV18

  • Hopeful of securing Navi Mumbai airport bid by Oct: GVK Reddy

    Hopeful of securing Navi Mumbai airport bid by Oct: GVK Reddy   

    The bids have started coming in, says GVK Reddy of GVK Group. However, he adds that GVK, GMR and the Tatas are the only qualified bidders.

    07 Sep 2016, 11.56 am  |  Source: CNBC-TV18

  • L&T Valves supplies HIPPS to Dirok project in Assam

    L&T Valves supplies HIPPS to Dirok project in Assam  

    L&T Valves, a part of L&T, has supplied the first indigenously developed HIPPS to the Dirok project, which is promoted by a consortium of Hindustan Oil Exploration Company (HOEC), Oil India (OIL), and Indian Oil Corporation (IOCL)...

    07 Sep 2016, 9.14 am  |  Source: PTI

  • EIL becomes consultant for BS-VI project at 6 IOC refineries

    EIL becomes consultant for BS-VI project at 6 IOC refineries  

    The quality upgradation projects are being undertaken in view of Government of India's target of implementing BS-VI norms across the country by April 1, 2020.

    06 Sep 2016, 9.30 pm  |  Source: PTI

  • DIAL plans raising Rs 3,000 cr; mulls Masala bonds issue

    DIAL plans raising Rs 3,000 cr; mulls Masala bonds issue  

    DIAL, which is majority-owned by diversified GMR Group, has debt of around Rs 3,000 crore. GMR Airports President (Finance and Business Development) Sidharath Kapur said it is looking to refinance the debt of DIAL at lower cost.

    06 Sep 2016, 6.48 pm  |  Source: PTI

  • NBCC secures projects worth Rs 615 cr in Aug

    NBCC secures projects worth Rs 615 cr in Aug  

    State-owned construction firm NBCC today said it bagged projects worth Rs 614.83 crore last month.

    05 Sep 2016, 2.48 pm  |  Source: PTI

  • MEP Infra Q1 net grows to Rs 36 cr on exceptional items

    MEP Infra Q1 net grows to Rs 36 cr on exceptional items  

    The company had reported a consolidated net profit of Rs 2.59 crore in the April-June quarter of the 2015-16 fiscal.

    03 Sep 2016, 2.34 pm  |  Source: PTI

  • Green tribunal clears Adani Ports` deep sea port

    Green tribunal clears Adani Ports' deep sea port   

    In a big relief for Adani Ports, The National Green Tribunal (NGT) refused to quash environmental clearances given to Vizhinjam International Sea Port in Kovalam, Kerala. It has cleared the coastal regulatory clearances as well as...

    02 Sep 2016, 6.21 pm  |  Source: CNBC-TV18

  • BHEL commissions Unit-4 of Teesta Low Dam hydro power project

    BHEL commissions Unit-4 of Teesta Low Dam hydro power project  

    A run-of-the-river greenfield project located in Darjeeling district of West Bengal, Teesta HEP has been set up by NHPC Ltd, on the River Teesta, BHEL said in a release.

    02 Sep 2016, 12.50 pm  |  Source: PTI

  • L&T bags orders worth Rs 1,458 crore

    L&T bags orders worth Rs 1,458 crore  

    "The construction arm of L&T has won orders worth Rs 1,458 crore across its various business segments," the company said in a BSE filing.

    02 Sep 2016, 11.32 am  |  Source: PTI

  • ABB India opens solar inverter manufacturing factory

    ABB India opens solar inverter manufacturing factory  

    The factory was inaugurated by Sanjeev Sharma, CEO and Managing Director, ABB India and Robert Itschner, Global Managing Director for Power Conversion, ABB Group, the company said in a press release.

    01 Sep 2016, 2.42 pm  |  Source: PTI

  • Sameer Gaur quits as Jaypee Infratech Joint MD

    Sameer Gaur quits as Jaypee Infratech Joint MD  

    "The Board of Directors has accepted the resignation submitted by Sameer Gaur, due to some personal unavoidable circumstances, from the office of Whole-time Director/Joint Managing Director of the company," Jaypee Infratech said i...

    01 Sep 2016, 8.30 am  |  Source: PTI

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