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- Surge in foreign fund flow into infrastructure
New Delhi, Feb 5: Overseas investors are increasingly pumping money into India's infrastructure sector, especially in the power, oil and gas, telecom and iron and steel segments, due to the....
- IVRCL arm bags Rs.1,300 crore highway project
Mumbai, Jan 30: Infrastructure firm IVRCL Limited today said its subsidiary, IVRCL Assets and Holdings Limited, has bagged a Rs.1,300 crore project from the National Highway Authority of India ....
- Tamil Nadu to strengthen roads for Toshiba J SW Turbine's project
Chennai, Jan 12: The Tamil Nadu government has decided to strengthen the bridges and the roads connecting power equipment major Toshiba J SW Turbine and Generator Private Limited's plant an....
- Haryana wants central funding for NCR area
Chandigarh, Dec 27: The Haryana government has urged the National Capital Region Planning Board (NCRPB) to consider funding various projects in all 26 urban local bodies (ULBs) falling in the N....
- Binding climate pact can slow down emerging economies: India
New Delhi, Dec 15: Pushing for reforms of global institutions of governance, India has expressed apprehension that a legally binding agreement on greenhouse gas emissions, as agreed at Durban, ....
- Sahai's Rs.100 crore largesse for Jharkhand tourism
New Delhi, Dec 14: Jharkhand has been allocated Rs.100 crore in 2011-12 to ramp up its tourism infrastructure, Union Tourism Minister Subodh Kant Sahai said today.
"Jharkhand is a....
- L&T clinches Rs.2,164-crore road development project
Mumbai, Dec 13: Infrastructure and engineering giant Larsen and Toubro (L&T) today said it has secured a Rs.2,164 crore project for road development along a stretch of national highway-8 (N....
- Wipro, Kawasaki form JV to make hydraulic pumps
Bangalore, Dec 7: Wipro's infrastructure engineering business unit on Tuesday announced a joint venture (JV) with the Japanese major Kawasaki Heavy Industry to manufacture hydraulic pumps f....
- Ramky Infra bags two road projects worth Rs.2,240.65 crore
Mumbai, Dec 1: Ramky Infrastructure today said it has bagged two road projects worth Rs.2,240.65 crore from the National Highways Authority of India (NHAI).
The first project is for s....
- GMR eyes 5,000 MW coal-fired operating capacity in three years
Raipur, Oct 29: GMR Energy, a unit of GMR Infrastructure, will have nearly 5,000 MW coal-fired operating capacity over the next three years, Raaj Kumar, chief executive officer (CEO) GMR Energ....
- Infrastructure spending may fall short of target: Montek
New Delhi, Sep 15: The target of $500 billion investment on infrastructure development during the next Five Year Plan (2012-13 to 2016-17) is likely to fall short by 10-12 percent, Planning Com....
- India to invest $1 trillion in infrastructure over five years: PM
New Delhi, Sep 12: Prime Minister Manmohan Singh today said good road infrastructure was crucial to achieving nine percent growth, targeted for the next Five Year Plan (2012-13 to 2016-17), and....
- Infrastructure development key to attracting investments: Envoy
New Delhi, July 11: Infrastructure development is a key to attracting foreign investment in India, Japanese Ambassador Akitaka Saiki said here today.
"Infrastructure is a very imp....
- DSIIDC achieves highest ever profit
New Delhi, June 28: The Delhi State Industrial and Infrastructure Development Corp (DSIIDC) said today that it achieved the highest ever profit of Rs.108 crore in fiscal 2010-11.
This....
- Lanco Infratech bags Rs.365.28 crore order in Iraq
New Delhi, June 21: Infrastructure firm Lanco Infratech Limited (LITL) today said it has bagged an order worth Rs.365.28 crore ($81.33 million) for a power plant in Iraq, its first internationa....
- IVRCL quarterly profit plunges 24.6 percent
Mumbai, May 30: Infrastructure firm IVRCL Limited today reported a 24.6 percent decrease in net profit for the fourth quarter ended on March 31 at Rs.64.25 crore against Rs.85.25 crore during t....
- GMR Infrastructure divests stake to Chinese company
New Delhi, April 12: GMR Infrastructure today said it had completed the divestment of 50 percent stake in power generation firm InterGen to China's Huaneng Group for over $1.2 billion.
....
- 11 infra firms eye transit centre project in Bangalore
Bangalore, Feb 15: Eleven infrastructure firms, including L&T and Gammon India, have evinced interest in the Rs.1,300-crore project to build an inter-model transit centre in this tech hub, ....
- India to finalise scheme for infrastructure funds
Chennai, Feb 12: The central government is expected to finalise in the next few months its framework to attract long term funds for the infrastructure sector, with an aim to garner Rs.10 billio....
- Reliance Infrastructure in $900 mn Nepal highway project race
Kathmandu, Jan 28: Reliance Infrastructure, a part of the Anil Dhirubhai Ambani Group, remains in the race for the prestigious $900-million highway project in Nepal, expected to boost developme....
- India targets $1 trillion infrastructure investment: Planning Commission Deputy Chairman
Davos, Jan 28: India will double its investments in infrastructure to $1 trillion during the 11th Five Year Plan that begins 2012, with half of that expected from the private sector, Planning C....
- Jaypee Infratech quarterly net profit falls 2.58 percent
New Delhi, Jan 25: Infrastructure major Jaypee Infratech Limited (JIL) has posted a decrease of 2.58 percent in net profit at Rs.378.51 crore during the quarter ended December 2010 as against R....
- Trade ties with India to be strengthened: Japanese minister
Chennai, Jan 23: India and Japan are moving closer towards concluding a Comprehensive Economic Partnership Agreement (CEPA) and Japanese companies are interested investing in rare earth mining,....
- Jaypee Group to invest Rs.33,000 crore in Gujarat
New Delhi, Jan 15: Infrastructure conglomerate Jaiprakash Associates Ltd today said it has committed Rs.30,000 crore for investment in the western state of Gujarat over the next 3 to 5 years.
....
- Infrastructure, agriculture, healthcare is 2011 focus: PHD Chamber
New Delhi, Jan 11: PHD Chamber today said infrastructure, healthcare, housing and agri-business will be among the thrust areas of its activities during 2011.
"PHD Chamber will foc....
- IDFC targets trebling loans in 5 years
New Delhi, Nov 14: The Infrastructure Development Finance Company (IDFC) aims to treble its loans and growth within five years, its managing director and CEO Rajiv Lall said today.
&#....
- PSU general insurance employees turn lakhpatis with wage hike
Chennai, Nov 1: A majority of nearly 40,000 employees working in four government-run general insurance companies will go home today as lakhpatis, getting handsome arrears that range between Rs.....
- India asks Japan to help achieve infrastructure targets
Tokyo, Oct 25: India envisages financial outlays of over $1 trillion in the next Five Year Plan and while much of this would come "from within", it would welcome support from Japanese c....
- L&T Infra to increase exposure to non power core sectors
Chennai, Oct 20: Larsen and Toubro Infrastructure Finance Company (L&T Infra) will increase its exposure to non-power sector, a top company official said today.
"Currently, th....
- L&T quarterly net profit rises 32 percent
Mumbai, Oct 18: Engineering and construction major Larsen and Toubro (L&T) today reported a 32 percent rise in net profits at Rs.765 crore for the quarter ended on Sep 30, compared to Rs.58....
- Punj Lloyd bags Rs.614 crore contract for water project
New Delhi, Oct 1: Infrastructure major Punj Lloyd said today its subsidiary Sembawang Engineers and Constructors, has won a Rs.614 crore contract from from PUB, the national water agency of Sin....
- L&T bags Rs.700-crore order
New Delhi, Sep 30: Engineering and construction major Larsen and Toubro (L&T) today said it has got orders worth Rs.700 crore from various customers for construction-related works.
....
- Japanese delegation to sign MoU with Tamil Nadu this year
Chennai, Sep 28: A Japanese delegation is expected to visit here sometime late October or early November and sign a memorandum of understanding (MoU) with the Tamil Nadu government for partneri....
- R-Cap targets Rs.50,000 cr infrastructure lending
Mumbai, Sep 28: Reliance Capital (R-Cap), a part of the $10-billion Anil Dhirubhai Ambani Group, today said it will offer specialised financial services for infrastructure projects with a targe....
- Punj Llyod bags engineering contract from Saudi oil firm
Mumbai, Sep 20: Infrastructure major Punj Lloyd has secured an engineering and procurement contract from Saudi Arabian state-run oil company Saudi Aramco.
The order was secured by the....
- Simplex gets building contract
Kolkata, Sep 16: Construction company Simplex Infrastructures Ltd (Simplex) has bagged the designing and building contract of the proposed Durgapur airport to be built by the Bengal Aerotropoli....
- Titagarh Wagons in talks with Japanese bridge maker
Kolkata, Aug 27: Wagon maker Titagarh Wagons is having talks with a Japanese company to set up a joint venture to build large bridges and flyovers, a top company official said here today.
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- Apeejay Infra starts Haldia, Kalinganagar logistics parks
Kolkata, Aug 26: Apeejay Infralogistics, a 50:50 joint venture between the Apeejay Surrendra Group and Britain-based Eredene Capital Plc, today announced the start of two new logistics parks in....
- Larsen and Turbo bags Rs.1195 crore deal from ONGC
New Delhi, Aug 23: Engineering and construction major Larsen and Turbo (L&T) today said it has won two projects worth Rs.1,195 crore from state-run Oil and Natural Gas Corporation to upgrad....
- Infra sector faces $40.62 bn funding gap in 11th plan period
New Delhi, Aug 20: India's infrastructure sector is likely to face a financing shortfall of $40.62 billion during the current five-year plan period ending 2012, the finance ministry said to....
- L&T construction division to use IBM hardware platform
Bangalore, Aug 17: The engineering construction and contracts division of Larsen and Toubro (L&T) has selected IBM's hardware platform to meet its enterprise resource planning needs and....
- L&T bags orders worth Rs.1,749 crore from state-run firms
Mumbai, Aug 5: Engineering major Larsen and Toubro (L&T) today said it has bagged three orders worth Rs.1,749 crore from state-run SAIL and Bharat Aluminium Company (BALCO).
L&....
- Andhra government awards L&T Hyderabad Metro project
Hyderabad, Aug 4: The Andhra Pradesh government today awarded the Rs.12,132 crore Hyderabad Metro Rail (HMR) project to leading construction group Larsen and Toubro (L&T).
A cabin....
- India to set up $10-bn infrastructure debt fund
Bangalore, July 31: India plans to set up a $10-billion infrastructure debt fund for long-term financing infrastructure projects across the country, Planning Commission deputy chairman Montek S....
- Larsen and Toubro post Rs.666 crore Q1 profit
New Delhi, July 27: Engineering and constructions giant Larsen and Toubro (L&T) today registered a profit Rs.666 crore in the first quarter of this fiscal as compared to Rs.578 crore in the....
- Engineers India open to pick up stakes in infra projects
Chennai, July 26: Engineers India is interested in taking small stakes in companies promoting infrastructure projects to diversify its sectoral portfolio, a company official said today.
- State of infrastructure not good enough, need to do more: PM
New Delhi, July 24: India is not meeting its infrastructure development targets and needs to rework its strategy of implementing mega projects, Prime Minister Manmohan Singh said here today whi....
- R-Ifra bags Rs.3,000-crore Delhi-Agra road project
New Delhi, July 20: Anil Dhirubhai Ambani Group firm Reliance Infrastructure has signed an agreement with the National Highways Authority of India for developing the Rs.3,000 crore Delhi-Agra h....
- Shristi Infra to launch integrated park in Siliguri
Kolkata, July 16: Shristi Infrastructure Development Corporation is launching a mega integrated park in Siliguri in Darjeeling district of West Bengal.
"Kanchan Janga Integrated P....
- L&T bags Hyderabad Metro Rail project
Hyderabad, July 14: Engineering and construction major Larsen and Toubro (L&T) has bagged the Rs.12,132-crore Hyderabad Metro Rail (HMR) project.
A three-member committee selected....
- L&T Infra gets infrastructure finance company status
New Delhi, July 8: Larsen and Toubro Infrastructure Finance Company (L&T Infra) today said the Reserve Bank of India (RBI) has accorded it the status of a "infrastructure finance compan....
- Reliance Infrastructure signs MoU for Worli-Haji Ali sea link
Mumbai, June 29: Reliance Infrastructure, an Anil Dhirubhai Ambani Group firm, on Monday signed a memorandum of understanding with the Maharashtra State Road Development Corporation (MSRDC) to ....
- HCC ties up with Egyptian contractor for highway projects
Mumbai, June 8: HCC Infrastructure, a subsidiary of Hindustan Construction Company, today said it has tied up with a major Egyptian firm, Orascom Construction Industries (OCI), to jointly devel....
- Infrastructure output up 5.1 percent in April
New Delhi, May 28: India's infrastructure output expanded by 5.1 percent for the first month of this financial year as against 3.7 percent in April 2009 on account of growth in production o....
- Reliance Infra transfers 433 MW capacity to Reliance Power
Mumbai, May 28: The Anil Dhirubhai Ambani group controlled Reliance Infrastructure has transferred 433 MW of power generation capacity valued at Rs.1,095 crore to another firm in the group, Rel....
- Lodha realtor to build India's tallest 101-floor building
Pune/Mumbai, May 25: The Mumbai Metropolitan Region Development Authority (MMRDA), entrusted with the infrastructure development of the city, today got a bid of Rs.4053 crore for its proposed 1....
- India sets quarterly targets for infrastructure growth
New Delhi, May 17: India today set quarterly targets for its infrastructure sector during this fiscal in a bid to monitor progress in power generation and building of roads and ports, critical ....
- Shristi Infra to invest Rs.2,000 crore in three states
Kolkata, May 12: Shristi Infrastructure Development Corporation said today it would invest Rs.2,000 crore over the next three years in seven smaller cities in three states.
The money ....
- Volvo investing Rs.90 cr in India to make excavators
Bangalore, May 12: Volvo Construction Equipment is investing an additional Rs.90 crore (Rs.900 million) to produce medium-sized excavators, the Swedish transport major's Indian subsidiary s....
- JNNURM phase II from next year, third party to audit funds
New Delhi, May 6: The second phase of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM, meant to improve the quality of life and infrastructure in cities, will begin next year and fu....
- Garden Reach launches Rs.530-crore modernisation plan
Kolkata, April 19: Garden Reach Shipbuilders & Engineers Ltd (GRSE) has embarked upon modernisation of its shipbuilding facilities at an estimated cost of about Rs.530 crore, Minister of St....
- Mphasis to buy out Fortify Infrastructure Services firm
Bangalore: Back office operations firm Mphasis Ltd is acquiring Fortify Infrastructure Services, a global provider of offshore-based remote IT operations and management (ROM) services, in an al....
- Punj Lloyd wins Rs.232 crore contract in Bihar
New Delhi: Infrastructure major Punj Lloyd today said it has bagged a contract worth Rs.232 crore from the Bihar government to build 850 solar-powered water treatment plants across the state.
....
- Reliance Infra commissions Hisar power project
New Delhi: Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group, today said it has commissioned a 600 MW unit at the Rajiv Gandhi Khedar Thermal Power Plant (RGKTPP) at Hisar in Har....
- L&T bags contracts worth Rs.1,017 crore
New Delhi: Engineering and construction major Larsen & Toubro (L&T) said today it has bagged orders worth Rs.1,017 crore.
In a regulatory filing, the company said it has secur....
- Larsen & Toubro gets court backing in highway project
New Delhi: The Delhi High Court has restrained the road transport ministry from interfering in one of the first highway projects awarded on a build-operate-transfer basis to Larsen and Toubro (....
- Ambuja Cements' third plant commissioned in Himachal
Shimla: A grinding unit of Ambuja Cements Ltd. was commissioned today in Himachal Pradesh's Solan district. This is the company's third plant in the state, a company statement said.
- After IT, it's decade of infrastructure in India: Kamal Nath
Toronto: India's Minister for Roads and Transport Kamal Nath said here that the next decade will be the "decade of infrastructure" in India and invited Canadian investors to partici....
- $1 trillion required for infrastructure development
New Delhi: An investment of over $1 trillion is required in the infrastructure sector during the 12th Five Year Plan (2012-2017), Planning Commission Deputy Chairman Montek Singh Ahluwalia said....
- L&T to build 36 high speed boats for coast guard
Mumbai: Infrastructure construction major Larsen & Toubro (L&T) will design and construct 36 high speed interceptor boats worth Rs.970 crore for the Indian Coast Guard, the company anno....
- Afcons bags Rs.938 crore Kolkata Metro project
Kolkata: Afcons Infrastructure Ltd. (Afcons), the infrastructure arm of Shapoorji Pallonji Group, has bagged a Rs.938-crore project for design and construction of a part of the East-West Metro ....
- Express Infrastructure in talks with leading hotel chains
Chennai: South India's integrated commercial-cum-hospitality complex developer Express Infrastructure is in talks with big chains like Hyatt and Shangri-La to manage the hotel property buil....
- L&T bags Rs.2,000 crore order from Managalore Petrochemicals
Mumbai: Engineering and construction major Larsen and Toubro on Friday said it has won a Rs.2,035-crore order from the state-run Managalore Petrochemicals, a unit of Oil and Natural Gas Corp.
....
- Haryana to invest over Rs.1,200 crore in industrial land
Chandigarh: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) proposes to invest over Rs.1,200 crore on land acquisition and development of industrial infrastruct....
- 82 percent of projects tardy, exceeded costs: Survey
New Delhi: About 82 percent of the infrastructure projects during April 1992-March 2009 overshot their scheduled completion dates while 41 percent faced cost over-runs, said a survey released t....
- Infrastructure for RORO ferry service to cost Rs.170 crore
Ahmedabad: The infrastructure to operate a RORO ferry service, expected to come up within the next three years in Gujarat, will be created at a cost of Rs.170 crore (Rs.1.7 billion), an officia....
- ACC third quarter net profit up 32 percent
Mumbai: Cement major ACC today reported a 32.48 percent rise in net profits at Rs.1,212.7 crore for the quarter ended on Dec 31, compared to Rs.1,606.7 crore earned in the like quarter of last ....
- Larsen and Toubro bags Rs.1,100 crore construction deal
Mumbai: Engineering and construction major Larsen and Toubro (L&T) today said it has been awarded projects worth Rs.1,100 crore to construct residential towers, warehouses and a factory.
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- L&T bags Rs.2,155 crore National Fertilisers project
Mumbai: Engineering and infrastructure major Larsen and Toubro (L&T) today said it has bagged a Rs.2,155 crore deal from state-run National Fertilizers to convert two existing oil-run ammon....
- Siemens operating profit up 125 percent
Mumbai: Industry and infrastructure solutions provider Siemens today reported a 125 percent rise in operating profits at Rs.342 crore for the quarter ended on Dec 31, 2009 compared to Rs.152 cr....
- L&T's Malaysian JV to begin operations soon
Chennai: Offshore International FZC, a joint venture between Larsen and Toubro (L&T) and Malaysia's SapuraCrest Petroleum, has booked orders worth $500 million and will start operating ....
- HCC order book up 29 percent
Mumbai: Engineering and construction firm HCC today said its orders for the quarter ended on Dec 31 rose 29 percent to Rs.15,703 crore compared to the year-ago period, even as its turnover incr....
- Reliance Infrastructure signs pact for $2.2-bn Mumbai Metro-II
Mumbai: A consortium led by Reliance Infrastructure, a part of the Anil Dhirubhai Ambani Group, has signed an agreement with the Maharashtra government for the $2.2-billion second Metro Rail pr....
- Larsen and Toubro net profit drops 50 percent
Mumbai: Engineering and infrastructure major Larsen and Toubro (L&T) today reported a 50 percent drop in net profit at Rs.758.8 crore for the quarter ended Dec 31, compared to Rs.1,520.4 cr....
- GMR to begin work on Chhattisgarh power project by March
Raipur: GMR Energy Ltd, a unit of GMR Infrastructure, will begin construction work on its 1,200 MW thermal power project in Chhattisgarh by March, a company official said today.
GMR E....
- L&T bags orders worth $116.2 million
New Delhi: Leading infrastructure major, Larsen & Toubro today said it has bagged orders worth $116.2 million (Rs.581 crore) from an infrastructure company and another from a Bangalore util....
- Germany looks at business cooperation with Kerala
Thiruvnanthapuram: Germany wants to work in sectors such as roads and infrastructure development in Kerala, German Ambassador in India Thomas Matussek said today.
"Germany is keen....
- 8,000 km road construction contracts this fiscal: Montek
Kolkata: The central government will bid out 8,000 km of road construction contracts in the current fiscal, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today.
"....
- India signs $850 mn-worth loan agreements with ADB
New Delhi: In a bid to boost infrastructure development and give an impetus to rural employment, India today signed agreements for $850 million-worth loans from the Asian Development Bank (ADB).
....
- GVK picks L&T stake in Bangalore airport for Rs.686 cr
Bangalore: Leading infrastructure developer GVK Power and Infrastructure has acquired 17 percent in Bangalore International Airport Ltd (BIAL) from Larson and Toubro (L&T) for Rs.686 crore ....
- Jaiprakash commissions cement unit in Gujarat
New Delhi: Jaiprakash Associates, primarily engaged in the industrial infrastructure sector, today commissioned a cement facility in Gujarat on an investment of Rs.1,500 crore.
The pl....
- Work begins on Rs.100 crore knowledge park in Orissa
Bhubaneswar Work on a Rs.100 crore Konark Knowledge Park has begun in Orissa with Chief Minister Naveen Patnaik today laying the foundation stone for the project, officials said.
The ....
- Subhash Projects awarded Uttar Pradesh sewage contract
Kolkata: Infrastructure development firm Subhash Projects has bagged an order worth Rs.211.95 crore from Uttar Pradesh for setting up a sewage network in Kanpur on a turnkey basis, the company ....
- Larsen and Toubro raises $600 mn
Mumbai: Construction and engineering major Larsen and Toubro today said it has raised $600 million through qualified institutional placements (QIP) and issue of foreign currency convertible bon....
- Srei Equipment Finance plans to disburse Rs.7,500 crore
Kolkata: City-based non-banking financial company Srei Equipment Finance hopes its loan disbursement would grow to Rs.7,500 crore this fiscal from Rs.5,500 crore in 2008-09 as the construction ....
- Infrastructure sector could attract $1.5 tn: Minister
New Delhi: India's infrastructure sector has the potential to attract investments worth $1.5 trillion (Rs.75 lakh crore) over the coming decade, Commerce and Industry Minister Anand Sharma ....
- Repco Infra eyes Rs.100-crore projects in Tamil Nadu
Chennai: City-based Repco Infrastructure Development Co is in talks with the Tamil Nadu government to develop vacant land on build-operate-transfer (BOT) basis.
"We are discussing....
- L&T will bid to build navy's second submarine line
New Delhi: Engineering and construction giant Larsen and Toubro today said it will bid for the Indian Navy's second line of conventional submarines.
The company had built India....
- L&T bags Rs.2,000-crore order from GMR
Mumbai: Construction and engineering firm Larsen and Toubro (L&T) today said it has received an order worth over Rs.2,000 crore from GMR Energy for setting up a gas-based power plant in And....
- By 2011, India to have 146,000 km new roads in villages: Minister
New Delhi: India will have over 146,000 km of new roads connecting thousands of villages across the country by 2010-11, Rural Development Minister C.P. Joshi said today.
Giving detail....
- Shipping ministry to boost port infrastructure
New Delhi: The shipping ministry will sign 20 to 25 public-private partnership (PPP) agreements this year to boost port infrastructure in the country, Shipping Secretary A.P.V.N. Sarma said her....
- IIFCL to raise Rs.3,000 crore by March
Kolkata: The state-owned India Infrastructure Finance Co Ltd (IIFCL) will raise Rs.3,000 crore from the domestic market by issuing bonds by March, a top company official said here on Friday.
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- Maytas Infra posts Rs.490 crore loss
Mumbai: Infrastructure company Maytas Infra posted a net loss of Rs.489.79 crore last fiscal compared to a profit of Rs.99.64 crore in the previous period, it said in a regulatory statement tod....
- IL&FS to be new promoters of Maytas
New Delhi: Infrastructure Leasing and Financial Services Ltd (IL&FS), a leading infrastructure development and finance company, will be the new promoter of Maytas Infra, union Minister for ....
- Larsen and Toubro wins orders worth $217 mn
Mumbai: Engineering and infrastructure major Larsen and Toubro (L&T) has bagged orders worth $217.45 million (Rs.1,044 crore) from Gulf-based firms to build electrical substations, the comp....
- Larsen & Toubro cuts down investment for Chennai shipyard
Chennai: Hit by the economic slowdown, engineering and construction major Larsen and Toubro (L&T) has scaled down its investment plan for the upcoming Chennai shipyard, a senior company off....
- CII suggests 12-point agenda for infrastructure projects
Chennai: The Confederation of Indian Industry (CII) today outlined a 12-point agenda for the faster implementation of infrastructure projects with special focus on having an infrastructure budg....
- Housing Development & Infrastructure net profit dips 66 percent
Mumbai: Housing Development and Infrastructure Ltd (HDIL) Wednesday reported a 66.19 percent fall in its net profit to Rs.107.47 crore in the quarter ended on June 30, compared to Rs.317.94 cro....
- BGR Energy Systems net profit up 17 percent
Chennai: City-based engineering and infrastructure firm BGR Energy Systems has posted a net profit of Rs.20.23 crore for the quarter ended on June 30 as against Rs.17.23 crore reported in the l....
- With 6.5 percent growth, infrastructure sec signal recovery
New Delhi: Signalling a recovery for Indian industry, the output of six core infrastructure sectors expanded 6.5 percent in June against 2.8 percent in the previous month, official data showed ....
- Health infrastructure cost to cross $14 bn in 2013: KPMG
New Delhi: Expenditure on healthcare in the country will grow nearly 6 percent per annum to cross $14 billion in 2013, says a report released here today.
"The health infrastructu....
- Infrastructure growth will drive industrial activity: Moody's
New Delhi: India's infrastructure development is likely to be one of the key drivers of industrial activity, which will see an upturn in a few months, the research arm of Moody's said t....
- Ansal Properties net falls 81 percent
Mumbai: Ansal Properties and Infrastructure today posted 81.24 percent fall in its consolidated net profit for 2008-09 at Rs.32.54 crore, comparing to Rs.173.52 crore recorded the year before.
....
- 73 construction companies in Bihar declared 'defaulters'
Patna: The Bihar government has declared 73 construction companies, including several prestigious firms engaged in road construction in the state, as "defaulters" after they failed to c....
- GMR's last quarter profit up by 6.43 percent
Mumbai: GMR Infrastructure, promoted by the Bangalore-based GMR group, has posted consolidated a net profit of Rs.53.24 crore for the quarter ended on March 31, as against Rs.50 crore in the co....
- DTC to start airport link bus service
New Delhi: The Delhi Transport Corporation (DTC) today announced the start of a high quality bus service from various areas of the capital to the airport to tackle the growing congestion in the....
- Reliance Infrastructure to raise Rs.4,300 crore
New Delhi: The board of Reliance Infrastructure, promoted by the Anil Ambani group, today approved issuing up to 43 million preferential shares to its founders and other investors to raise abou....
- Chandigarh planning multi-level parking lots
Chandigarh: Multi-level parking facilities may come up soon in this city known for its architecture and urban planning, which also has the maximum vehicle density in the country.
"....
- Yamuna Bank Metro opens, environmentalists up ante
New Delhi: The Yamuna Bank metro extension, a gateway to the east Delhi metro lines, was opened to the public here today amid anxious attempts by environmental activists to stop further constru....
- Indian-American to help create nano-vehicles
Washington: Imagine creating vehicles as tiny as a molecule, billions of which could fit into a millimetre and be powered by sugar.
The concept is nearly unthinkable, but it's ex....
- Kerala cabinet to decide on Vizhinjam port contract
Thiruvananthapuram: The Kerala cabinet will decide on Wednesday on whom to award the contract to execute the proposed Rs.53.48-billion port at Vizhinjam - the bidding process for which had bee....
- India's GMR runs into fresh trouble in Nepal
Kathmandu: The GMR Group, one of India's premier infrastructure developers, has run into fresh trouble in Nepal, where it is building a 300-MW hydro power project.
From Sunday, v....
- Paramount Airways connects regions with southern India
Agartala: Chennai-based Paramount Airways has launched its operations today connecting the eastern and northeastern region with the southern Indian cities.
"From today onwards, th....
- Caravans used in campaigning are made in Punjab
Lalru, Punjab: Called modern-day 'raths', the chariots that once drove fighters to battle, these converted caravans equipped with all facilities are helping top politicians ride the ca....
- 'Public-private projects can provide stimulus'
New Delhi: The public-private partnership (PPP) projects in the infrastructure sector in various states will provide a Rs.200,000-crore stimulus for the Indian economy, a study by an industri....
- L&T in pact with Russian firm for nuclear plants
Mumbai: Indian diversified conglomerate Larsen and Toubro (L&T) has further expanded its footprint in the nuclear power space, signing a pact with a Russian nuclear energy major to design and d....
- 'Poor infrastructure driving up operating costs for India Inc'
New Delhi: Infrastructure inefficiencies like poor roads and inadequate power generation are the major factors that drive up India Inc's operating costs, a survey said on Thursday.
Accordi....
- ITC opens 60-room upscale hotel in Lavasa
New Delhi: Construction major Lavasa Corp and ITC's subsidiary Fortune Park Hotels on Friday announced the opening of a 60-room upscale hotel, Dasve, in Maharashtra's Lavasa township.
The ....
- Pranab promises more investment in infrastructure, rural development
Kolkata: External Affairs Minister Pranab Mukherjee Sunday stressed the need for stimulating domestic demand and supply to overcome the economic slowdown, and said the government would step....
- Project delays in Kerala a deterrent for investors: Vayalar Ravi
Thiruvananthapuram: Minister for Overseas Indian Affairs Vayalar Ravi Sunday urged trade unions and workers in Kerala to desist from delaying construction work at projects in the state as i....
- Rush to India, PwC tells global companies
Toronto: Engineering and construction companies should rush to India as it offers huge opportunities for their future growth, says a new report by professional services firm Pricewaterhouse....
- Delhi-Mumbai Industrial Corridor work to start soon
New Delhi: The construction work on the 1,483-km dedicated freight corridor, Delhi-Mumbai Industrial Corridor (DMIC), will start soon, a union minister said here on Tuesday.
The Delhi-Mumb....
- Cisco to help develop roadmap for sustainable Bangalore
Bangalore: The Karnataka government and the US-based networking technologies major Cisco Systems will jointly develop a roadmap for a sustainable Bangalore city, it was announced here on Thur....
- Madhya Pradesh-Maharashtra Border-Nagpur to be four laned
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) today approved the proposals of the Department of Road Transport and Highways, Ministry of Shipping, Road Transport and Highways fo....
- Karnataka to replace Myatas in two airport projects
Bangalore: The Karnataka government on Wednesday decided to remove the beleaguered Maytas Infra ? a firm associated with the fraud-hit Satyam Computer Services ? from the two greenfield airpo....
- Tata-Marcopolo bus plant on stream in Karnataka
Bangalore: Tata-Marcopolo Motors Ltd has began commercial production of high-tech buses at its Dharwad plant in north Karnataka, the auto major said on Wednesday.
The joint venture between....
- Norwest Venture to invest Rs.200 mn in IT firm
Bangalore: Norwest Venture Partners (NVP), promoted by angel investor Promod Haque, will invest Rs.200 million (Rs.20 crore) in infrastructure management services firm Appnomic Systems, it wa....
- Anil Ambani group bags third ultra mega power project
New Delhi: The Reliance Anil Dhirubhai Ambani Group was on Wednesday awarded its third ultra mega power project, set to come up at Tilaiya in Jharkhand with an investment of over Rs.12,000 cr....
- Indian infrastructure firm opens London office
London: Infrastructure Leasing & Financial Services Ltd (IL&FS), one of India's leading infrastructure development and finance companies, on Monday opened a London office to tap European chan....
- L&T signs pact with Canadian firm on nuclear reactor
New Delhi: Soon after signing a pact with the US-based Westinghouse Electric to build nuclear reactors recently, engineering and construction major Larsen and Toubro (L&T) has signed a simila....
- Construction major to invest $8.3 bn in Gujarat projects
New Delhi: A leading construction and infrastructure development company Monday signed deals worth $8.3 billion with the Gujarat government to develop a water front city and three pipeline ....
- Indian government to launch Rs 1,000-bn infrastructure projects
Chennai: Following the announcement of two stimulus packages, the Indian government is all set to kickstart massive infrastructure projects worth Rs 1,000 billion (Rs 1 lakh crore/$20 bn), Mi....
- Simplex eyeing projects in Middle East, Netherlands
Kolkata: Civil engineering and construction company Simplex Projects is eyeing projects in the Middle East and the Netherlands, a top official said here on Thursday.
"We are in talks for....
- Rs 1-tn fund for infrastructure sector advocated
New Delhi: The Associated Chambers of Commerce and Industry
(Assocham) has urged the government to set up a Rs.1-trillion
'revolving fund' to assist infrastructure firms to weather the glo....
- Reliance Infrastructure sole bidder for expressway
New Delhi: Reliance Infrastructure, an Anil Dhirubhai Ambani Group (ADAG) company, is a sole bidder for a Rs 26.76-billion (Rs 2,676-crore) greenfield expressway project in the national capi....
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