Trimble Buildings, together with Tekla strengthens its presence in India with end-to-end Design-Build-Operate lifecycle.
DLF Ltd, the country's largest real estate firm, today said it has no unsold inventories despite slowdown in the property market as the company mostly sells flats before the start of construction of projects.
ITD Cementation‘s management believes it has a healthy order book and the contraction in piling and foundation work flow is a temporary phenomenon. Here is an edited transcript of the response to the questionnaire sent by moneycontrol.com
According to Subrahmanyan, the Rs 1,504 crore worth projects aquired by the company are focused more on electrification and power transmission segments. Also, he adds that the company is bidding for more projects in west Asia region.
Buildings have become higher and better today, making maximum use of premium land cost. Construction of residential developments is focus of the construction business because of its immense profits and success.
EIL, one of the leading design, engineering consultancy and EPC companies of the country, secured a lumpsum turnkey contract (LSTK) worth over Rs 670 crore from CPCL for Residuary Upgradation Project (Coker Block), the company said in a statement.
In an interview to CNBC-TV18, Ramraj Pai, President, Crisil Rating spoke about how liquidity squeeze heightens corporate India‘s vulnerability and stressful increase in various sectors like power, construction, engineering and steel and as result of that the non performing assets picture for banks will worsen.
According to a company spokesperson, the company bagged these orders in last one month and KEC's total order book currently stands at about Rs 9,200 crore.
Realty major DLF cut its employee strength by 1100 or 30 percent in 2012-13 after outsourcing its construction and facility management activities.
â€œSupreme Industries may clock revenues of Rs 3900 crore in FY14. Operating margins are likely to be in the range of 14 to 15 percent,â€ said M P Taparia, managing director at Supreme Industries in an exclusive interview to moneycontrol.com.
The project is scheduled to be completed in 36 months and involves building a 50-km four-lane dual carriage expressway, two grade separated interchanges, seven overpass, five bridges and cross drainage work, as per international standards.
Real estate services firm Jones Lang LaSalle India elaborates on Delhi's relaxed floor norms for construction of additional floors in residential flats having multiple ownerships.
Engineering and construction major Larsen and Toubro won a contract worth USD 352 million on a road project in the northwest region of Oman. The Batinah road project will take two years to build.
The Cabinet Committee on Economic Affairs' (CCEA) decision to approve substitution of road concessionaires was seen as a positive move the government. Although, the industry welcomed the move, it did not foresee much participation going forward due to high debt burdens.
The real estate sector, which has not yet showed any sign of revival is lacking transparency. The authorities need to pull up their socks through a slew of reform measures like fast-paced approval process, Land Acquisition Act and the real estate regulator, HDFC chairman Deepak Parekh said in the annual report of the company.
The monsoon rains, which run from June to September, hit the southern coast last week, and are exacted to make an early arrival in other parts of the country. This is likely to hurt construction activities.
L&T, India's biggest construction and engineering company, plans to bid for more such projects worth a total of USD three billion in the region to push its overseas expansion.
Lanco Infra on Thursday reported a net loss Rs.72.82 crore. It had made a net profit of Rs.72.75 crore in the same period last year.
In4velocity India was honored as Emerging IT Application of the Year in the Indian real estate and construction sector at the 2013 Frost & Sullivan, India, Information and Communications Technology Awards held at Le Meridian, New Delhi.
Larsen & Toubro's (L&T) construction wing has won new orders valued at over Rs. 2,542 crore across various business segments in April and May 2013.
The year gone by was challenging year for the company, said Manoj Gaur, executive chairman, JP Associates. The firm has invested around Rs 39000 crore in various business including real estate, hospitality, cement and construction.
Shares of leading steelmakers such as JSW Steel and Tata Steel were subdued despite reporting an increase in crude steel output in January-March as well as for the full year 2012-13.
After witnessing an uptick in the past three months, the hiring activity in March saw a minor dip of 1.1 per cent owing to the ongoing appraisal season, according to leading job portal Naukri.com.
Engineering firm Larsen & Toubro (L&T) today said it bagged orders worth Rs 2,004 crore across various business segments in March.
Ashish Chugh, investment analyst, recommends a â€˜buy‘ on two companies in the current market- Eimco Elecon and DCM Shriram Consolidated.