Toll road firm IRB Infrastructure said it has achieved financial closure for its Agra-Etawah project by tying up project finance of Rs 1,650 crore
Construction major Sadbhav Engineering reported a 46 percent growth in its net profit at Rs 39.5 crore for Q1.
Kotak Securities has come out with its construction sector review post Q3FY15. According to the research firm, IRB Infrastructure and NCC are the preferred picks from the space.
In an interview to CNBC-TV18, Paresh Mehta, chief financial officer, Ashoka Buildcon shares his views on the company‘s Q3 numbers and his outlook for the upcoming quarters.
Encouraged by its recent margin improvement, YD Murthy of NCC looks to expand margins soon.
The company had to handover one of the project back to government during the quarter leading to fall in revenue, says Satish Parakh, MD, Ashoka Buildcon.
IRB Infrastructure Developers Ltd., a leading Highway Infrastructure Developer, has completed the process of acquisition of 74% holding of MVR Infrastructure & Tollways Private Ltd and thereby MVR Infra has now become a subsidiary of IRB from October 2012.
ICRA has come out with its report on Indian road sector. As per the research firm the slowdown in a few segments of the construction industry like irrigation and power, and the entry of new players has had the effect of raising the competitive intensity in the road sector.
ICRA has come out with its report on Indian construction sector. As per the research firm the companies with a favourable capital structure; moving order book; relatively low working capital intensity and low commitments toward equity contribution in BOT projects would be better placed to manage the risks that characterise the current environment.
Jagdish K Valecha, the managing director of Valecha Engineering tells CNBC-TV18 that out of its three Build Operate and Transfer (BOT) projects, one has been completed almost a year ahead, which should give them an additional Rs 20 crore odd.
Capital goods company BGR Energy Systems is one of the few companies which has been able to maintain its margins. Their order book is at about Rs 37,000 crore as of date, says the CFO of the company, PR Easwar Kumar.
Sandeep Reddy, Managing Director of Gayatri Projects joins CNBC-TV18 to bring to light the co0mpany's plans to sell stake in the Rs 2,200 crore worth road building project.
Jagdish Valecha, Managing Director of Valecha Engineering, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about the recent happenings in the company and the road ahead.