Page 3 - Construction Sector

Bandhoo raises $1.1 mn funding to make labour market more transparent

Construction is a $200 billion market in India and so far hasn't adopted much technology in its operations and Bandhoo is tapping that opportunity.

Almost 92% casual workers didn't get wages during lockdown: SWAN survey

The survey, which was conducted among 1,396 worker groups, adding up to 8,023 people that included 4,836 women and children, showed that 76 per cent of the workers had less than Rs 200 left with them

JSW Cement enters construction chemical segment with green product category

Company commences market roll-out from Karnataka; sets up new manufacturing unit in Karnataka

JSW Cement enters construction chemicals biz, launches green products

JSW Cement said on Monday it has entered the construction chemical sector with the launch of a green product range in the category

Construction industry may resume operations by mid-June: Assocham

The employment-intensive construction industry should witness resumption in operations by the middle of June, though at a curtailed level, industry chamber Assocham said on Tuesday

The bounce-back in construction buoyed the growth numbers, shows data

Gross fixed capital formation (investment) hit an all-time high of Rs 13.4 trillion in the fourth quarter of 2020-21

'Macrotech to invest Rs 2,800 cr in FY22 on construction of realty units'

Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects

L&T construction arm bags significant contracts for various businesses

The construction arm of Larsen & Toubro has secured orders from prestigious clients for its various businesses, the engineering major said on Friday.The power transmission distribution business has won orders to design and construct two sub-stations in Dubai, UAE.The factories business of buildings and factories has secured another order from a leading cement manufacturer to construct a 3.5 million tonnes per annum brownfield cement plant in Nimbahera, Rajasthan.The railway strategic business unit that resides within the transportation infrastructure business has won an order from the Central Organisation for Railway Electrification (CORE).The project is part of mission electrification initiative of the central government aimed to electrify the entire Indian Railway Network to reduce the carbon footprint as well as reduce the expenditure on diesel.Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services with over 21 billion ...

Larsen & Toubro wins 'significant' contracts in various businesses

Larsen & Toubro (L&T) on Tuesday said its construction arm has won significant contracts including an order for the construction of a bridge on river Ganga in Bihar. The company did not specify the exact value of the contracts but as per its specification a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. "...The Heavy Civil Infrastructure business of L&T Construction has secured an EPC (engineering procurement and construction) order to construct a New Four-lane Bridge (parallel to the existing Vikramshila Setu) ... including approaches across river Ganga on the newly declared NH-131B at Bhagalpur in the state of Bihar," the company said in a statement. The project is scheduled to be completed in 48 months, it said. The company said its Water & Effluent Treatment business has bagged a design, build and operate order from Municipal Corporation, Amritsar for engineering, procurement & construction of bulk water supply system in the city of ...

House that: Anarock says home sales up 29% in March qtr, JLL finds down 7%

Bengaluru was the only city not to record a major yearly change in total sales number, according to Anarock.

Home sales jump 29% due to better demand in Mumbai, Pune, Hyderabad

Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally

Real estate fund managers float schemes for construction finance

Construction from AIFs will be at a higher rate than banks and NBFCs, which are currently not putting in money

US spending on construction rises 1.7% in Jan as home building continues

Spending on US construction projects rose 1.7 per cent in January as new home building continues to lift the sector

Road to recovery

Hopeful signs in data, but medium-term outlook uncertain

Infra.Market becomes India's latest unicorn after $100-million fundraising

The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.

Infra.market joins unicorn club with funding from Tiger Global, others

Infra.market is a construction materials focused online marketplace

Constructive dialogue: Cairn CEO after meeting finance secy, tax officials

India is preparing to file an appeal against the award at The Hague

L&T arm to build 2 units of Kudankulam Nuclear Power Project

The construction arm of L&T has secured an order in the range of Rs 1,000-2,500 crore to construct the Main Plant Civil Works of the Kudankulam 5 and 6 units.

Month-on-month revenue since October better than FY20: L&T IDPL's Pathak

The good news is that since October 2020, revenues for FY2021 month-on-month are much better compared to FY2020, said CEO Pathak

Delhi to launch campaign for registration of construction workers

The Delhi government will launch a month-long campaign from Monday for registration of construction workers with Building and Other Construction Workers Welfare Board