Construction Industry

UK looks to ease immigration rules for foreign workers to plug shortages

The Migration Advisory Committee has recommended that tradespeople including carpenters, bricklayers and roofers should be added to the "shortage occupation list"

Industry body seeks lifting curbs for nonpolluting work in construction

An industry delegation has requested Centre to consider exempting nonpolluting construction activities from ban

Construction tech key for India to achieve zero emissions by 2070: H S Puri

The minister notes that the built environment generates significant carbon emissions accounting for almost 39% of gross carbon emissions worldwide

Tata Hitachi upbeat about growth, aims for 15-20% revenue jump in FY23

Leading construction machinery major Tata Hitachi was aiming at 15-20 per cent rise in revenue in the current fiscal, a top company official said. The company had clocked a revenue of close to Rs 4,000 crore during FY'22. "The growth in volume terms will be around 10-12 per cent, while value growth is likely to be close to 15-20 per cent as the demand growth was more from the high value mining equipment," Tata Hitachi managing director Sandeep Singh said on the sidelines of CII organised IMME 2022 here on Thursday. Demand from the infrastructure sector was growing at around 12-15 per cent, while the growth from the mining sector was close to 20-25 per cent. Tata Hitachi has renewed its focus on the mining sector and has launched dumpers to offer a full solution for the sector that is poised at tremendous growth with the entry of the private sector in mining. "Mining currently accounts for around 8 per cent of our in volume terms but expect the share of mining to go up to 15 per ce

After meeting Q2 expectations, HDFC's growth outlook appears healthy

Analysts positive on stock, expect it to trade in the Rs 2,750-Rs 3,000 range

Odisha AAR says separate registration must for construction work in state

The ruling is in conflict with position taken by other AARs; industry wants CBIC clarification

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

At 19 km/day, FY23 highway construction way short of Gadkari's target: Data

While the ministry of road transport and highways aims for a record 50 km/day construction target, it has only been able to execute 19 kilometres (kms)/day till August

Construction management start-up Powerplay raises $7.14 mn in funding

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

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

Casagrand forays into home building segment, plans 500 homes in 3 years

Realty firm Casagrand has unveiled an independent residential construction venture -- 'CASAGRAND PERCH', and announced plans to build 500 homes over the next three years under the new initiative. CASAGRAND Perch would be involved in designing of the residential units for customers who own a minimum of 1,500 sq ft land, while keeping in mind the concepts of light, ventilation, privacy and 'vaastu,' a company official said on Wednesday. "Through this venture, we will build an individual home by following the same standards of CASAGRAND. People usually reach out to unorganised players to build their homes and there are times when they are not satisfied with the outcome." CASAGRAND founder-managing director Arun Mn noted. "CASAGRAND Perch has been conceptualised as a venture that will professionally take care of the end-to-end requirements of home building.. at this moment, we will build houses in Chennai, Bengaluru and Coimbatore. We aim to build 500 houses under CASAGRAND Perch in 3 .

Delhi construction workers' woes continue despite uptick in registration

Delhi construction workers welfare board has registered around 6,400% increase in registrations but many remain aloof

Construction industry leads as business travel remains strong: OYO survey

Delhi has topped of the most preferred destinations for business travel, closely followed by Bangalore, Mumbai, and Hyderabad

Hitachi to sell about half its stake in construction unit: NHK report

The construction unit's market value at the end of share trading in Tokyo was 753 billion yen.

Domestic cement industry poised for demand recovery in construction season

Amid a strong demand outlook, brokerages see capacities and existing utilization levels of the domestic cement industry on a rise in coming years

Larger cement companies better placed despite higher valuations

Investors appear to have paid heed to the negative aspects in the recent past

Shree Cement: In-line Q1, robust outlook

Industry leading margins should help the company amid govt's infra push and expected pickup in construction activity

Demand recovery, buoyant exports to aid strong growth for tile makers

Improving product mix to boost realisations; while sales growth was impacted in the June quarter, there has been a recovery led by non-metro markets

L&T Construction bags 'significant' orders for various businesses

Larsen and Toubro (L&T) on Thursday announced that its construction arm has secured 'significant' orders for its various businesses. The company did not provide the value of the contracts, but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts. The water and effluent treatment business has won a repeat order from the Uttar Pradesh State Water & Sanitation Mission (SWSM) to implement rural water supply projects providing functional house tap connection under the Jal Jeevan Mission, the company said in a statement. The buildings and factories business has secured an order from a reputed developer to construct residential towers in Mumbai's suburb of Mulund, it said. The scope of the work includes construction of the civil structure including waterproofing, masonry and plastering for seven residential towers with a built-up area of 4.3 million square feet comprising a basement, .

Strong govt support behind India's residential construction sector: Fitch

Driven by sustained demand for housing and supportive government policy, residential building will see a strong rebound in 2021 and robust growth over the coming decade, according to Fitch Solutions