NBCC reported highest ever sale in 2023-24

NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering

Hindustan Construction raises ₹350 crore via rights issue
Hindustan Construction Company has raised ₹350 crore through the rights issue. According to the company’s statement, the issue has been oversubscribed by 250 per cent, with the company receiving applications worth ₹877 crore (the balance being refunded to investors). The equity shares have been allotted to the applicants as per allotment basis. The lead manager for the rights issue was lOBI Capital Markets & Securities Ltd. 

NBCC to set up shadow lender to help save over $100 mn
NBCC planning to set up its own NBFC to help save over $100 million

Construction equipment industry achieves second consecutive year of double-digit growth
The Indian construction equipment industry has continued its strong growth trajectory, posting a 25 per cent increase in the fiscal year that ended on March 31, 2024. This marks the second consecutive year of double-digit growth, with industry volumes reaching a new peak in the post-Covid period. Total industry volumes reached about 1,35,000 units, including both domestic and export sales, in FY24, up from about 1,08,000 units in FY23.

Protos, Paharpur Cooling get CCI nod to raise stake in Thyssenkrupp India

JSW Infrastructure appoints Arun Maheshwari as its Joint Managing Director & CEO
JSW Infrastructure on Monday announced the re-appointment of Arun Maheshwari as the joint managing director and CEO of the company, with effect from April 18, 2024 for a term of 3 years. 

L&T completes divestment of L&T Infrastructure Development Projects, sells entire 51% stake
Larsen & Toubro (L&T) on Thursday announced the completion of divestment of L&T Infrastructure Development Projects Limited (LTIDPL), a joint venture between Larsen & Toubro Limited and Canada Pension Plan Investment Board (CPP Investments).

Teerth Gopicon Ltd’s Rs 44.4 crore IPO subscribed over 74 times

KEC International secures new orders worth Rs 816 crore
KEC International Ltd, a global infrastructure EPC company on Wednesday announced that it has secured new orders worth Rs 816 crore across its various businesses.

BCD Group and Maiwir Engineering enter into a joint venture to speed up construction using advanced technologies

Looking to increase margins for all projects to 15-16% by FY27: Kamal Gupta, J Kumar Infraprojects

Hindustan Construction Company divests entire equity shareholding in HREL

Accordingly, HREL and its following subsidiaries -- Nashik Township Developers Ltd, Powai Real Estate Developers Ltd, HCC Aviation Ltd, HCC Realty Ltd have ceased to be subsidiaries of the company, HCC said in a regulatory filing.

Kalpataru Projects International, arms bag orders worth Rs 2,071 crore

NBCC sold 480,000 sq ft for Rs 1905 crore in World Trade Centre

BigBloc Construction Ltd investing around Rs 95 crore for expansion at Kapadvanj and Wada

GOCL ties up with Squarespace Builders to monetise 264.5 acres in Hyderabad for Rs 3402 crore

MBL Infrastructures’ shares surge 4.99% on securing ₹17.24 crore arbitration award
MBL Infrastructures Ltd’s shares were up by 4.99% after the company secured an arbitration award of ₹17.24 crore. This award was granted by the Learned Arbitral Tribunal on March 23, 2024, in favor of MBL against the Public Works Department of the Government of Uttarakhand. The arbitration pertained to a completed road project titled “Improvement / Strengthening of State Roads, Contract Package no. 5” in Uttarakhand.

Houses under construction see 31% rise in prices: Study

World Water Day: Alternate ways to conserve water for the construction sector
Water is one of the most precious natural resources in the world. Yet, the world is moving towards an inevitable water crisis in many geographies globally. As governments seek to conserve water, the focus is on determining the water usage of diverse industries to discover how and where water consumption can be minimised. 

Megha Engineering electoral bond purchases close to bagging contracts for major projects

JCB rolls out 500,000th Made in India construction equipment

Ramky Infra enters into two contracts worth Rs 216.65 crore for reclamation of Kodungaiyur dumping ground in Chennai
Ramky Infrastructure on Wednesday announced that it has entered into two contracts with Greater Chennai Corporation, Chennai, Tamil Nadu for reclamation of Kodungaiyur Dumping Ground through biomining. “We are pleased to inform that the company has entered into two contracts with Greater Chennai Corporation, Chennai, Tamil Nadu for “Reclamation of Kodungaiyur Dumping Ground through Biomining” (Packages 2 and 5). These contracts have enhanced the Capability of Ramky Infrastructure Limited in the field of providing eco infrastructure solutions to the society and nation at large,” the company said in a regulatory filing.

J. Kumar Infraprojects wins Rs 334.25 crore DTC Project Bid
Regarding the subject at hand, J. Kumar Infraprojects Limited (the Company) has received the Letter of Acceptance (LOA) as the sole bidder from M/s. NBCC (India) Limited for the project titled “Development of Hari Nagar Depot of Delhi Transport Corporation (DTC) in Delhi at Hari Nagar, New Delhi on Engineering, Procurement and Construction (EPC) basis, with a total contract value of Rs 334.25 crore. 

Gensol Engineering completes 160 MW solar installation in Gujarat’s Bhavnagar
Gensol Engineering Limited, on Monday announced the completion of a 160 MW solar installation in Bhavnagar, Gujarat valued at Rs 128 crore for Continuum Green Energy, a key player in the renewable energy sector serving commercial and industrial consumers across India. 

Adani to invest $14 billion in FY25

From a small shed with Rs 5 lakh, how uncle-nephew Reddy duo built Megha Engineering, second-largest bond donor
From a small shed they set up with Rs 5 lakh capital to manufacturing pipes for local civic works to one of the largest engineering and infrastructure companies – Pamireddy Pichi Reddy and his nephew P V Krishna Reddy have come a long way.

IRB Infrastructure Developers Ltd acquires 24% stake in IRB Trust to strengthen transport infra development
To harness the potential of India’s infra landscape, IRB Infrastructure Developers Limited has acquired the 24% stake in IRB Infrastructure Trust by Cintra, a subsidiary of Ferrovial, from GIC Affiliates. 

L&T Construction secures ‘significant’ order from AIIMS Madurai
Chennai: Larsen & Toubro’s Buildings & Factories (B&F) vertical has secured a ‘significant’ order from AIIMS Madurai, Tamil Nadu. This is under the PMSSY division of the Ministry of Health and Family Welfare, Government of India. The company did not give the exact value of the order but classifies ‘significant’ as the order ranging between ₹1,000 crore and ₹2,500 crore.

L&T bags offshore order from ONGC for its Hydrocarbon business
Larsen & Toubro (L&T) on Thursday announced that its Hydrocarbon vertical (L&T Energy Hydrocarbon – LTEH) has secured significant order from the Oil & Natural Gas Corporation (ONGC) for the MHN TCPP PGC BGC Project (MTPBP), off India’s West Coast.