Construction Firms

Mumbai-based Suraksha Group, which recently got the NCLT approval to acquire Jaypee Infratech, will infuse Rs 250 crore in the debt ridden Jaypee Group firm and also arrange Rs 3,000 crore loan for completion of around 20,000 apartments in various stalled projects over the next four years. As per the resolution plan of Suraksha Group submitted in June 2021, Jaypee Infratech Ltd (JIL) will get delisted and public shareholders will be given an aggregate exit at a price of Rs 0.14 crore. On March 7, National Company Law Tribunal (NCLT), Principal Bench New Delhi approved the resolution plan of Suraksha Realty Ltd and Lakshdeep Investments and Finance Pvt Ltd to takeover JIL. A monitoring committee will be set up by Interim Resolution Professional (IRP) in seven days, and it will take all necessary steps for expeditious implementation of the resolution plan. In a regulatory filing on Wednesday, Jaypee Infratech shared specific features and details of the Resolution Plan as approved by t

In the past one month, PSP Projects outperformed the market as shares surged 18 per cent, as against 3 per cent decline in the S&P BSE Sensex.

The National Green Tribunal has extended the stay on a Union Ministry of Environment, Forests and Climate Change notification modifying the Environmental Impact Assessment (EIA) conditions for certain construction projects. According to the notification dated November 14, 2018, the union government delegated the power to ensure compliance with environmental conditions to local bodies, including municipalities, development authorities and district panchayats, in respect of building or construction projects having built-up area from 20,000 square metres to 50,000 sq. metres. The notification also provided these local bodies with the power for according building permission and granting occupation or completion certificate with respect to industrial sheds, hospitals and educational institutions (including hostels) having built-up areas of more than 20,000 sq. metres to 1,50,000 sq. metres. The tribunal was hearing a petition which said the modified EIA regime, where the appraisal of ...

Govt has already told agitators that construction work won't be stopped, but is said to have accepted all their demands

On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023

Puri has urged public sector construction company NBCC to equip itself to maximise its opportunities by building the appropriate capacities, and bidding and winning contracts on its own merit

Cost pressures a concern, though, as crude, currency volatility remain

JAL is involved in cement manufacturing, engineering and construction, expressways, real estate, hospitalities, wind/thermal power plants at various locations all over India.

Co to hive off part of debt, receivables to a SPV; to hold 49% stake in SPV

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

JMC Projects Limited (JMC) on Thursday said it has secured new orders worth Rs 1,524 crore in construction and water segments. The orders include an engineering, procurement and construction project for integrated airport development in Asia for Rs 1,012 crore, JMC, a subsidiary of Kalpataru Power Transmission Limited, said in a statement. It has also bagged water projects worth Rs 370 crore and B&F (Buildings & Factories) projects of 142 crore in India. "We are delighted with the new order wins, especially the prestigious order for Integrated Airport Development. The new orders in the water and B&F business help us to widen our clientele and further strengthen our order book," JMC CEO and Managing Director SK Tripathi said. JMC Projects (India) Limited (JMC) is one of the leading civil construction and infrastructure EPC companies in India.

Gujarat Polysol Chemicals and construction and hospitality firm PKH Ventures have received capital markets regulator Sebi's go ahead to raise funds through Initial Public Offerings (IPOs).

In the past 11 trading days, the stock price of PSP Projects has zoomed 31 per cent after promoters bought shares from the open market.

Asked about deliveries of projects, he said the company delivered 6,000 housing units last fiscal year and the target is 10,000 units for 2022-23

The existing land bank of close to 500 acres spread across four locations is dedicated for 15 mn sq. ft of industrial and logistics parks development

Corporate players are expecting construction activity to pick up during the current quarter

Company has total dues of Rs 9,727 crore, Rs 4,091 crore of them to Indian banks

The national auditor found that 38 scientists of the DRDO were posted in the construction works department without the approval of the Ministry of Defence

Larsen & Toubro (L&T) on Monday said its construction arm has bagged significant orders for its various businesses in the country. "The construction arm of L&T has secured orders for its businesses in India," the company said in a statement. The company's metallurgical and material handling (MMH) business has bagged an engineering, procurement and construction order from NMDC Ltd. L&T "has been awarded an engineering, procurement and construction (EPC) order for 12 MTPA (million tonnes per annum) dry circuit systems on a turnkey basis for a screening plant (SP-III) from NMDC Ltd at their Kirandul Complex, Chhattisgarh," the statement said. The scope of work includes tertiary crushing, two-stage screening, stacking, reclaiming and dispatch of iron ore along with the associated civil, structural and other auxiliary facilities. This plant will be one of the largest iron ore handling plants and aims to ensure uninterrupted iron ore supply for different customers of ...

Engineering, procurement and construction major KEC International Ltd on Tuesday said it has bagged orders worth Rs 1,157 crore across its various businesses. In the transmission and distribution segment, the RPG Group company bagged orders worth Rs 663 crore for projects in the Middle East, Africa, and the Americas, KEC International said in a filing to the BSE. In the railways segment, it has orders of Rs 220 crore for 2 x 25 kilovolts (kV) overhead electrification and associated works for speed up-gradation in India. In the civil segment, "the business has secured an order of Rs 173 crore for construction of a new airport terminal building and associated works in southern India." In the cables business, it has secured orders of Rs 101 crore for various types of cables in India and overseas. "We are pleased with the new orders secured across our business verticals. The orders in T&D (transmission and distribution), especially in the Middle East region will enable us to further .