Top Indian Infrastructure Industry News & Updates - 30 May 2023,Tuesday

🏗 Construction

📝  Financial results. Sadbhav Infra records Q4 net profit of ₹2 crore
📝  NBCC Q4 net profit jumps more than 2-fold to Rs 113.63 cr; income rises to Rs 2,843 cr
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🏘 Real Estate

📝  Real estate firms stuck in insolvency courts have a slower resolution rate, study shows
📝  Onus on promoter to enter into agreement for sale as per prescribed form: Assam Real Estate Appellate Tribunal
📝  Corporate realtors see high value in plotted developments, holiday homes
📝  Housing projects should have access to finance from banks, not depend on customer advances: Housing secretary
📝  Housing.com sees 4-fold jump in monthly traffic from pre-COVID level on fast digital adoption: CEO Dhruv Agarwala
📝  What determines the value and demand of property?
📝  Sobha reports Q4 PAT of ₹47.1 cr
📝  Jaypee Infratech defers approval of financial statements for March 2023 quarter
📝  Disrupting real estate markets
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🛍 Cement

📝  HeidelbergCement India Q4 Results: Net profit falls 63% YoY to Rs 35 crore
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🚙 Roads & Highways

📝  IRB Golkonda Expressway signs concession pact with HMDA for toll, O&M project in TS
📝  Maharashtra CM Eknath Shinde inaugurates second phase of Samruddhi Corridor, opening 600 kms of Mumbai-Nagpur route
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🚃 Railways

📝  PM Modi flags off Guwahati-NJP Vande Bharat Express
📝  IRCTC posts profit jump of 30.4% for Q4FY23 at Rs 278.80 crore, announces 100% final dividend
📝  Four Vistadome coaches for Kalka-Shimla heritage track rolled out
📝  Kalka-Simla Railway to get modern coaches
📝  BHEL logs over 17pc rise in new orders in 2022-23
📝  Vande Bharat’s BIG Update! Indian Railways plans to launch semi-high speed trains to every state by THIS month – All details here
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