Procurement And Construction

Its restructuring will involve a plan to create a separate entity for its real estate business while merging all its engineering, procurement and construction (EPC) operations into the parent company to simplify the company's structure.

China evinces interest in constructing highways in India: Govt

Road Transport and Highways Ministry has set an ambitious target of building 15,000 km of roads and award another 25,000 km projects in this fiscal, which is about two-and-a-half times higher than last year's.

RInfra bags Rs 3,675 cr EPC order from NLC India

RInfra is targeting EPC opportunities worth Rs 2 lakh crore. It is aggressively bidding for over Rs 1 lakh crore of projects in this financial year to increase the EPC order book to over Rs 30,000 crore by FY18.

Govt approves Rs 6,068 crore highway projects in 8 states

Most of the 476-km projects are under engineering, procurement and construction (EPC) mode for augmenting highways.

Hartek Power bags solar EPC orders for 460 MW in H1 FY17

The 460-MW solar EPC orders secured by the firm include 16 substation projects of up to 132 KV spread across six states -- Punjab, Bihar, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra, the company said in a statement.

Will end FY17 with over 10% market share: Blue Star

Blue Star has already increased market share in room air conditioner business and commercial refrigeration products like water coolers and deep freezers, says Joint MD B Thiagarajan.

Gayatri Projects bags Rs 306 cr road project

"Gayatri Projects has secured a Rs 306 crore contract for the four-laning of a highway on the Andhra Pradesh-Tamil Nadu border from the Ministry of Road Transport and Highways," Gayatri Projects said in a BSE filing.

Ashoka Buildcon reports Q4 net loss at Rs 7 crore

Highways sector player Ashoka Buildcon Limited reported a net loss of Rs 7.31 crore for the fourth quarter ended March 31

MEP Infra wins Rs 1,763 cr contracts from NHAI, Road Ministry

MEP Infrastructure holds 74 percent in the JV, while Sanjose India Infrastructure and Construction Pvt Ltd has 26 percent stake.

Nuberg wins $76 mn project in UAE

The Indian company has won the project from Emirates Chemical Factory of Saif Al Khaili Group, a UAE-based conglomerate, the company said in a statement today.

28 MW solar power project connected to grid: Hartek Power

With this, Hartek Power has become the first company to accomplish the task under Phase 2 of the state's renewable energy policy, a company release said here.

KEC International Q3 net profit falls 44% to Rs 37 crore

The company had reported a net profit of Rs 66.45 crore for the corresponding quarter of the previous fiscal. Its total income from operations during the quarter stood at Rs 2,058.83 crore as against Rs 2,021.19 crore in the year-ago quarter of the previous fiscal.

Expect 30-35% growth in EPC business in FY17 : KEI Ind

Anil Gupta, CMD of KEI Industries says the company's volume growth for the cable business was at 25 percent in 9 months of FY16.

Pick MBL Infrastructures on dips, says Mayuresh Joshi

According to Mayuresh Joshi of Angel Broking, one may pick MBL Infrastructures on dips.

To be debt free by Mar'17; cement biz sale by Dec:Rel Infra

Lalit Jalan says Reliance Infrastructre will focus on defence, and expects the company to be debt free by March 2017. The company will also look for opportunities in the EPC space, Jalan says.

Hartek starts 40-MW substation project in MP

The project, executed for Amba Shakti Group at a cost of around Rs 7 crore, involved complete design, supply, installation, testing and commissioning of a 132-KV bay government substation and a 132/11 KV pooling station with two 20 MVA transformers, said a company statement here.

Indian EPC firms awarded projects worth over $5bn in Kuwait

According to the Indian embassy in Kuwait, in May 2015, Larsen & Toubro signed a contract worth USD 77 million with Kuwait National Petroleum Corporation (KNPC) to replace an old power substation at Al-Ahmadi Refinery in Kuwait.

Hartek Power bags order from Azure Power

These projects, spread across five states -- Punjab, Rajasthan, Andhra Pradesh, Bihar and Karnataka, will be executed at a cost of about Rs 35 crore, the company said in a statement issued here today.

Nifty can touch 8150 if 7940 crossed: ICICI Direct

Some Foreign Institutional Investor (FII) cash selling will continue for the time being, Amit Gupta of ICICI Direct tells CNBC-TV18.

Relaxed norms, inv to boost road sector growth: Religare

Misal Singh of Religare Capital Markets told CNBC-TV18 that relaxed government norms, increased investments will boost growth in the road sector in FY16.

T&D business to grow to Rs 2,400 cr over 3 yr: Skipper Ltd

Skipper has reported a standalone total income from operations of Rs 499.94 crore and a net profit of Rs 30.26 crore for the quarter ended Mar '15. Sharan Bansal, Director, Skipper Ltd, discusses company's fourth quarter performance and future outlook.

Expect revenue to grow to Rs 10,000 cr in FY16: Punj Lloyd

J P Chalasani, MD and CEO of Punj Lloyd, discusses company's performance for the fourth quarter and future outlook.

Suzlon's wind farm commissioned in Uruguay

Uruguay aims to increase its energy from renewables in its total primary consumption to 50 per cent by 2015 as compared to about 40 percent in 2012. The 65.1 MW project will light up 20,300 households in Uruguay with clean energy.

Will do what it takes to improve cash flow: Lanco Infra

Lanco Infra is bullish on expansion plan in Australia after it recently ended its two-year old legal tussle with Perdaman Chemcial over coal supply issues, by agreeing to pay UAD 3.5 billion.

Essar Projects wins contracts worth USD 80 m in Abu Dhabi

Essar Projects, a leading engineering, procurement and construction (EPC) firm, on Thursday said it has bagged three new orders totalling USD 80 million in Abu Dhabi.