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Infrastructure

Jaiprakash Associates said today that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan. Jaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech LtdBSE -0.71 % (JIL) has more assets than liabilities and it is […]

Piramal group today said it has sanctioned Rs. 400 crore loan to realty firm AIPL for the development of commercial assets in Gurugram. “Piramal Group has sanctioned Rs.400 crore loan against AIPL group’s commercial assets including ‘AIPL Joy Central’ which will be the group’s marquee commercial mixed use project located in Sector 65, Gurugram just […]

Simplex Infrastructure has bagged a contract to design and construct the Metro-2B Corridor from D N Nagar to Mankhurd. Government nodal agency, Mumbai Metropolitan Region Development Authority (MMRDA) has given its approval to Simplex Infrastructures which was the lowest bidder at Rs 1,080 crore.Company will construct 11 elevated stations from ESIC Nagar, Prem Nagar, Indira […]

In a bid to de-congest heavy traffic at Chheda Nagar, the Mumbai Metropolitan Region Development Authority has planned three flyovers and one road construction work at an investment of Rs.249.29 crore. Tenders for the project have been floated in October and the submission date is in December. Work is expected to start by January 2018 […]

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs.4,023 crore across business segments. “Construction arm of L&T has won orders worth Rs 4,023 crore,” the engineering and construction major said in a BSE filing.L&T said its heavy civil infrastructure business has bagged orders worth Rs 1,906 crore in the domestic […]

Realty developer Arihant Superstructures’ subsidiary Arihant Abode has allotted a construction order worth Rs 825 crore to building construction company Capacit’e Infraprojects, the companies announced in separate statements. Order entails construction of civil and structural, finishing and MEP work of Arihant Abode’s affordable housing project Arihant Aspire in Panvel, near the proposed Navi Mumbai International […]

Abu Dhabi Investment Authority (ADIA) would buy a minority stake for about $300 million (Rs 2,000 crore) in Cube Highways & Infrastructure, marking the biggest private equity investment so far in India’s pure-play roads platform. This is ADIA’s first investment in India’s core surface-infrastructure space, with the sovereign Middle East fund looking to further diversify […]

To upgrade infrastructure in the North-East, the government is planning to undertake highway projects worth about Rs 1.45 lakh crore in next two to three years, Union Minister Nitin Gadkari said. The government has already taken up many road improvement projects under Special Accelerated Road Development Programme for North-East for better connectivity in the region, […]

Chhattisgarh has commenced preparations for implementation of the Bharatmala project where the first phase of the project will build five roads with 436 km length at a cost of Rs.7000 crore. State will be linked to three economic corridors resulting in less traffic congestion in several cities including Raipur. There will be an easy connectivity […]

In view of the huge emerging business avenues in the rail, metro, and smart cities, Schindler India, a subsidiary of Swiss elevator major, has decided to invest Rs.100 crore to set up an escalator manufacturing facility at its Chakan plant in Pune. The new facility, which is expected to be operational next year, will have […]