Page 4 - Construction Sector

Power Mech Projects secures four orders worth Rs 1,068 crore

Power Mech Projects on Wednesday said it has bagged four different orders worth Rs 1,068.36 crore. The company has received the Letters of Award for the works worth Rs 1,068.36 crore, a regulatory filing said. The first two orders are worth Rs 449 crore each and are regarding water supply pipeline construction from the State Water & Sanitation Mission, Government of Uttar Pradesh. It has also got an order of Rs 100.36 crore for Operation and Maintenance Works from Prayagyraj Power Generation Company Ltd, in Bara, Uttar Pradesh. Another order worth Rs 70 crore is for the operation of Wagon Trippler and Truck Tripplers for Tata Steel Bhushan Steel Ltd in Angul, Odisha.

DLF, Sobha: A good time to buy real estate and related stocks, say analysts

Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing

Will take up to a year before pvt sector opens purse to capex: L&T chief

The firm's MD & CEO, S N Subrahmanyan, says L&T has reached pre-covid levels and aims to become debt free

Govt considers easing rules to attract FDI in construction sector: Report

Existing rules include a three year lock-in period before exiting

Top headlines: Farmers breach Red Fort; UN warns about Indian economy

Business Standard brings you top news of the evening

Statsguru: Recovery uneven, but upturns expected in banking, construction

Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent

Brookfield to push ahead with $513 mn India REIT IPO by 2020-end: Report

Brookfield plans to continue gauging investor demand for three more weeks before proceeding with a retail offer, the person said

Steel maker Micky Metals holds back expansion project over high power cost

Micky Metals is holding back an expansion plan at its steel making plant in Bengal's in Birbhum district as "high power tariff" of the state-run electricity discom is making the project "unviable"

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

Strong rural demand cushions volume weakness for Supreme Industries

Expanding distribution reach, value added products to help revenues, margins

Make way for 'enertainers': Gensets at construction sites may be going out

While construction cranes have always run on electricity, they have tended to use diesel generators because the massive bursts of power needed would drain local grids and risk blackouts

Debt recast at real estate project level to revive sector: Experts

Developers revive stalled projects faster, but someone will have to take a haircut, say industry players

New orders and execution likely to remain subdued in Q2, say analysts

Some pin hopes on the NIP even as awards for FY21 and year after look bleak

Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said

Rise in fiscal deficit likely to impact construction sector this yr: Report

The agency had recently noted that the fiscal deficit of central and state governments will come at 12.1 per cent with the states contributing 4.5 per cent of it

Shapoorji real estate arm enters Rs 750-crore debt financing deal

According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent

Singapore's jobless rate jumps in Q2, nearing financial crisis peak

The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009

Suspension of construction activities may constrain housing demand: RBI

"With the suspension of construction activities across the country from mid-March, completion of under-construction projects is likely to be delayed, constraining new demand," the FSR said

Covid-19 crisis: Construction workers to soon get migration certificates

This comes after the Covid-19 pandemic highlighted gaps in government database, which, along with other issues, was the reason many construction workers didn't get adequate welfare benefits.

Covid-19: ACC profit down 40.5% to Rs 270 cr in Apr-Jun, sales fall 37.2%

The company, which follows a January-December financial year, had posted a profit of Rs 455.68 crore in the same quarter a year ago