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Infrastructure - General News

  • IL&FS Transportation Q2 profit slips 46%, revenue down 26%

    IL&FS Transportation Q2 profit slips 46%, revenue down 26%  

    Infrastructure company IL&FS Transportation Networks disappointed analysts with quarterly earnings. Profit in July-September quarter fell 46 percent year-on-year to Rs 57.1 crore, impacted by revenue as well as operational perform...

    02 Dec 2016, 3.36 pm  |  Source: Moneycontrol.com

  • BHEL commissions first unit of Pulichintala hydro power plant

    BHEL commissions first unit of Pulichintala hydro power plant  

    "The greenfield project is being set up by TSGENCO in Guntur district of Telangana on the river Krishna," BHEL said in statement today.

    01 Dec 2016, 2.08 pm  |  Source: PTI

  • Punj Lloyd Q2 net loss flat at Rs 226 cr

    Punj Lloyd Q2 net loss flat at Rs 226 cr  

    Punj Lloyd Ltd, the diversified engineering, procurement and construction conglomerate, today posted standalone flat net loss of Rs 225.8 crore for the quarter ended September 30, 2016.

    30 Nov 2016, 8.18 pm  |  Source: PTI

  • APSEZ raises Rs 1,300 cr via NCDs

    APSEZ raises Rs 1,300 cr via NCDs  

    "The company has raised Rs 1,300 crore...today by allotment of 13,000 rated, listed, secured, taxable, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis," APSEZ said in...

    29 Nov 2016, 2.28 pm  |  Source: PTI

  • Confident of 14-15% revenue growth in FY17: Sadbhav Engg

    Confident of 14-15% revenue growth in FY17: Sadbhav Engg   

    Nitin Patel, ED, Sadbhav Engineering is confident of good growth in the third and fourth quarter and is confident of 14-15 percent revenue for the fiscal.

    29 Nov 2016, 9.24 am  |  Source: CNBC-TV18

  • Sadbhav Engineering Q2 net profit declines 33%

    Sadbhav Engineering Q2 net profit declines 33%  

    The company had posted a net profit of Rs 27.7 crore in the corresponding quarter last fiscal, Sadbhav Engineering said in a BSE filing.

    29 Nov 2016, 7.00 am  |  Source: PTI

  • L&T Hydrocarbon Engg to execute deep water project for ONGC

    L&T Hydrocarbon Engg to execute deep water project for ONGC  

    Larsen and Toubro Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of Larsen and Toubro, today unveiled high-tech spool base facilities, required for a sub-sea project of ONGC, at its Kattupalli fabrication unit near her...

    25 Nov 2016, 9.30 pm  |  Source: PTI

  • BEML Q2 net loss narrows to Rs 17 cr

    BEML Q2 net loss narrows to Rs 17 cr  

    Total income from operations declined to Rs 453.5 crore in the quarter under review, over Rs 676.4 crore in the July-September quarter of previous fiscal, BEML said in a BSE filing.

    25 Nov 2016, 6.00 pm  |  Source: PTI

  • NBCC teams up with Russian co for smart city, rail projects

    NBCC teams up with Russian co for smart city, rail projects   

    In an interview with CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC said that the partnership with the Russian company will fetch some smart city and railway projects.

    24 Nov 2016, 1.31 pm  |  Source: CNBC-TV18

  • Siemens Q4 profit jumps 11-fold to Rs 2467cr on divestment gain

    Siemens Q4 profit jumps 11-fold to Rs 2467cr on divestment gain  

    Siemens' fourth quarter profit jumped more than 11-fold to Rs 2,467 crore compared with Rs 219.1 crore in year-ago period, driven by stake sale in healthcare undertaking.

    23 Nov 2016, 2.46 pm  |  Source: Moneycontrol.com

  • BHEL commissions 93 MW unit at RIL`s Hazira power plant

    BHEL commissions 93 MW unit at RIL's Hazira power plant  

    "This is the second unit of the 4x93 MW steam turbine-based CPP, being set up by BHEL for RIL at Hazira," BHEL said in statement today.

    23 Nov 2016, 2.40 pm  |  Source: PTI

  • COMMENT: Why L&T’s record layoffs are a non-issue

    COMMENT: Why L&T’s record layoffs are a non-issue  

    At a time when the government is trying to increase employment in the country, the biggest engineering and infrastructure company has undertaken a massive retrenchment exercise. An Economic Times report says that L&T has shed 14,0...

    23 Nov 2016, 1.48 pm  |  Source: Moneycontrol.com

  • BGR Energy Systems bags Rs 2,789 crore order from NLC India

    BGR Energy Systems bags Rs 2,789 crore order from NLC India  

    BGR Energy Systems has bagged Rs 2,788.60 crore order from NLC India Ltd for its 1,980 MW thermal power plant in Ghatampur, Uttar Pradesh.

    22 Nov 2016, 5.56 pm  |  Source: PTI

  • L&T Q2 profit up 84%, holds FY17 revenue & order inflow guidance

    L&T Q2 profit up 84%, holds FY17 revenue & order inflow guidance   

    L&T has maintained its order inflow guidance of 15 percent and revenue growth forecast of 12-15 percent for the current financial year 2016-17.

    22 Nov 2016, 4.20 pm  |  Source: Moneycontrol.com

  • IRB Infra Q2 profit falls 5% at Rs 142 cr on higher finance cost

    IRB Infra Q2 profit falls 5% at Rs 142 cr on higher finance cost   

    Mumbai-based road developer IRB Infrastructure said consolidated profit in July-September quarter declined 5 percent to Rs 142.2 crore compared with Rs 149.67 crore in year-ago period. Higher finance cost dented bottomline.

    22 Nov 2016, 2.46 pm  |  Source: Moneycontrol.com

  • L&T bags Rs 1,926 cr projects in various business segments

    L&T bags Rs 1,926 cr projects in various business segments  

    In the power transmission and distribution segment, it bagged orders worth Rs 571 crore.

    22 Nov 2016, 12.56 pm  |  Source: PTI

  • MEP Infra looks to file papers for InvIT next month

    MEP Infra looks to file papers for InvIT next month  

    Amid mixed investor sentiment, toll road firm MEP Infrastructure Developers hopes to file initial documents in December to launch its infrastructure investment trust (InvIT), a top company official said.

    20 Nov 2016, 12.46 pm  |  Source: PTI

  • Punj Lloyd`s co-development projects to cost Rs 200 cr: Biz Head

    Punj Lloyd's co-development projects to cost Rs 200 cr: Biz Head   

    In conversation with CNBC-TV18, Rajat Seksaria, VP and Business Head, Punj Lloyd, said Punj Lloyd infrastructure development has won three solar power project in the state of Uttarakhand.

    18 Nov 2016, 1.35 pm  |  Source: CNBC-TV18

  • IL&FS JV bags two road projects in MP worth Rs 375 cr

    IL&FS JV bags two road projects in MP worth Rs 375 cr  

    "The joint venture (JV) comprising of the company and IL&FS Engineering and Construction Company in the ratio 51:49 has submitted bids with the Madhya Pradesh Road Development Corporation Ltd..The JV has emerged as lowest bidder f...

    17 Nov 2016, 12.36 pm  |  Source: PTI

  • Order inflows improved in last 1-2 years, says EIL

    Order inflows improved in last 1-2 years, says EIL   

    In an interview to CNBC-TV18, Ram Singh, Director of Finance at Engineers India spoke about the results and his outlook for the company.

    17 Nov 2016, 12.31 pm  |  Source: CNBC-TV18

  • Engineers India Q2 net profit jumps 21% to Rs 94 cr

    Engineers India Q2 net profit jumps 21% to Rs 94 cr  

    Net profit in July-September rose to Rs 93.75 crore as compared to Rs 77.21 crore in the same period a year before, the company said in a regulatory filing.

    16 Nov 2016, 8.54 pm  |  Source: PTI

  • BHEL bags export orders from Togo, Benin

    BHEL bags export orders from Togo, Benin  

    Scancem International DA, Norway (Heidelberg Cement group) has placed the order for the motors for their cement plants, Ciments Du Togo S.A. & Cimbenin S.A, Benin, BHEL said in press release.

    15 Nov 2016, 2.00 pm  |  Source: PTI

  • Thermax Q2 net profit up 32% at Rs 79 crore

    Thermax Q2 net profit up 32% at Rs 79 crore  

    Engineering solutions provider Thermax Ltd today posted a 32 per cent rise in consolidated net profit at Rs 78.5 crore for the quarter ended September 30, 2016.

    10 Nov 2016, 5.46 pm  |  Source: PTI

  • SC asks Supertech to deposit Rs 10 cr more, NBCC faults project

    SC asks Supertech to deposit Rs 10 cr more, NBCC faults project  

    "In the meantime, builders M/s Supertech Ltd shall deposit Rs 10 crore with the registry by January 3, so that the people are not in any kind of illusion," a bench of Justices Dipak Misra and Amitava Roy said.

    09 Nov 2016, 8.16 am  |  Source: PTI

  • BHEL turns corner, Q2 profit at Rs 109 cr; revenue rises 12%

    BHEL turns corner, Q2 profit at Rs 109 cr; revenue rises 12%   

    State-run power equipment maker Bharat Heavy Electricals (BHEL) surpassed analysts' expectations on quarterly earnings front as it turned profitable in July-September quarter. Profit for the quarter stood at Rs 109 crore against l...

    08 Nov 2016, 2.02 pm  |  Source: Moneycontrol.com

  • EIL to consider bonus issue on November 16

    EIL to consider bonus issue on November 16  

    The board of EIL will meet on November 16 to consider "the issue of bonus shares," the company said in a regulatory filing.

    08 Nov 2016, 10.34 am  |  Source: PTI

  • L&T-MHPS Boilers signs technology licence pact with MHPS

    L&T-MHPS Boilers signs technology licence pact with MHPS  

    The technology licensing agreement is for design, engineering, manufacture, installation, commissioning, and sale of new boilers under BTG, EPC or SG packages or standalone SCR systems, and for existing and under construction boil...

    07 Nov 2016, 1.10 pm  |  Source: PTI

  • GMR Infra sees reduction in debt by end of FY17

    GMR Infra sees reduction in debt by end of FY17   

    GMR Infrastructure announces the completion of their strategic investment by Tenaga in GMR Energy unit. In an interview to CNBC-TV18, Madhu Terdal, Group CFO of GMR Infrastructure spoke about the same and gave his outlook for the ...

    07 Nov 2016, 11.31 am  |  Source: CNBC-TV18

  • GMR Energy seals 30% stake sale to Tenaga for USD 300 mln

    GMR Energy seals 30% stake sale to Tenaga for USD 300 mln  

    GEL and TNB had announced this strategic partnership in May 2016 and the allotment of shares marks the completion of this landmark transaction in the power sector, it said.

    04 Nov 2016, 6.08 pm  |  Source: PTI

  • Government raises 2,100 crore from share sale in L&T: Report

    Government raises 2,100 crore from share sale in L&T: Report  

    The stake sale is part of the government's plan to raise Rs 565 billion from asset sales during the current fiscal year to March to help contain its fiscal deficit at 3.5 percent of the gross domestic product.

    04 Nov 2016, 11.39 am  |  Source: Reuters

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