Berger Paints Q3 net down 20.4% to Rs 201 cr; revenue up 6% to Rs 2,694 cr
New Delhi: Berger Paints India Ltd has reported a decline of 20.47 percent in its consolidated net profit at Rs 201.17 crore in the third quarter ende...
Govt to set up Urban Infrastructure Development Fund with Rs 10k cr/year outlay
Noida: Central Government will set up an Rs 10,000 crore per year fund called the Urban Infrastructure Development Fund (UIDF) which will be utilised...
L&t's net profit rises 24% to Rs 2,553 cr in Q3FY23
Noida: Larsen & Toubro (L&T) has reported a consolidated net profit of Rs 2,553 crore for the December quarter of the financial year 2022-23, a jump o...
Kajaria Ceramics Q3 PAT drops 39% YoY to Rs 74 cr
Mumbai: On a consolidated basis, Kajaria Ceramics' net profit declined 39 percent to Rs 74 crore in Q3 FY23 as against Rs 122 crore in Q3 FY22. Revenu...
Home First Finance Company India standalone net profit rises 28% in the Dec quarter
Noida: The net profit of Home First Finance Company India jumped 28 percent to Rs 59 crore in the quarter ended December 2022 as against Rs 46 crore d...
PNB Housing Q3 PAT rises 43% YoY
Noida: PNB Housing Finance’s consolidated net profit jumped 43 percent to Rs 269 crore on a 20 percent increase in total income to Rs 1,797 crore in...
Sagar Cements to acquire Andhra Cements
Mumbai: Sagar Cements has been declared as the successful bidder for debt-ridden Andhra Cements, a company which was owned by the Jaypee Group and is...
KIIFB allots Rs 102 crore for land acquisition of Kochi metro phase II
Mumbai: Kochi Metro project’s 2nd phase, from JLN stadium to Infopark- Kakkanad, received a major boost recently with the company tasked with implemen...
Noida authority issues Rs 235 cr notice to DLF over Mall of India land compensation
Mumbai: Noida Authority has issued a notice to DLF Ltd to pay Rs 235 crore as compensation to the previous owner of the land on which the Mall of Indi...
Haryana RERA has imposed penalties on 5 realty firms for delay in delivery of flats
Mumbai: Haryana RERA (HRERA) has imposed a fine of Rs 25 lakh each on five real estate companies for delay in delivering flats to buyers. HRERA, howe...
Excitel secretly hikes broadband subscription rates, becomes most expensive service provider
Mumbai: Excitel broadband has increased it subscritopn rate. Jump in Excitel’s broadband plan prices without any improvement in services or extra feat...
Devvrat Developers buys five flats in Mumbai proj for Rs 113 cr
Mumbai: Raigad-based Devvrat Developers Pvt Ltd has purchased five flats in an under-construction housing project in Mumbai for Rs 113 crore. The nam...
Income Tax Dept detects Rs 1,300 cr black money after raids in Karnataka
Mumbai: In various raids carried out by Income Tax (IT) Department on several real estate companies, Rs 1,300 crore unaccounted income has been detect...
Greenply Industries' net profit down 26% to Rs 23.6 crore in Q2 FY23
Mumbai: Plywood maker Greenply Industries has reported a consolidated net profit of Rs 24 crore for the second quarter ended September 2022, a fall of...
Aptus Value Housing Finance's net profit up 44.63% in Q2 FY23
Mumbai: Aptus Value Housing Finance India Ltd has reported a total income of Rs 277 crore during the period ended September 30, 2022 as compared to Rs...
Delhi govt penalises Larsen & Toubro Ltd for violating ban
New Delhi: The Delhi government has imposed a penalty of Rs 5 lakh on Larsen & Toubro Ltd for violating the ban on construction and demolition activit...
ACC reports net loss of Rs 87 cr for Q2FY23
Mumbai: Cement producer ACC has reported a consolidated net loss of Rs 87 crore for second quarter as against a profit of Rs 450 crore for the same qu...
Shree Cement reports 67% fall in net profit at Rs 183 crore in Q2FY23
Mumbai: Shree Cement has reported 67 percent decline in consolidated net profit at Rs 183 crore in second quarter of the current fiscal as against Rs...
Decks cleared for Adani Grp to become one of the largest cement makers in India
Mumbai: Competition Commission of India has approved the acquisition of Holcim's equity stake in cement makers Ambuja Ltd and ACC Ltd by the Adani Grp...
Visaka Industries Ltd to invest Rs 120 cr for a factory in WB
Mumbai: Visaka Industries Ltd plans to invest Rs 120 crore in establishing a sustainable fibre cement boards factory in Paschim Medinipur district of...
Redcliffe Labs found indulging in serious corporate governance violations
Mumbai: Noida-based Redcliffe Labs, a preventive health check up firm, is found to indulging in several corporate governance violations and several co...
Sundaram Home Finance clocks 18% jump in net profit at Rs 47 cr fpr Q1FY23
Mumbai: Sundaram Home Finance has clocked 18 percent jump in net profit at Rs 47 crore for the first quarter of the current fiscal, compared with Rs 4...
Orient Cement Ltd clocked a decline of 58% in net profit at Rs 37 cr for Q1FY23
Mumbai: Orient Cement Ltd clocked a decline of 58 percent in net profit at Rs 37 crore for the first quarter of the current fiscal. It had posted a ne...
JK Lakshmi Cement Ltd clocked 15.4% decline in net profit at Rs 115 crore for Q1FY23
Mumbai: JK Lakshmi Cement Ltd clocked 15.4 percent fall in consolidated net profit to Rs 115 crore for the first quarter of the current fiscal ended J...
Cement industry in India to add a capacity of 80-100 mt by FY25: Kumar Mangalam Birla
Mumbai: The cement industry in Indian is expected to add a capacity of 80-100 million tonnes (mt) by fiscal 2024-25 (FY25), Aditya Birla Grp Chairman...
RBI cancels certificate of registration of 4 NBFCs
Mumbai: Reserve Bank of India (RBI) has cancelled the certificate of registration of as many as 4 NBFCs (Non-banking finance companies). The four NBF...
PNB to sell NPA of Burnpur Cement at a haircut of 60%
Mumbai: Punjab National Bank plan to sell the account of beleaguered Burnpur Cement of West Bengal. The bank has invited bids from various Asset Recon...
IPO of Kesar India Ltd oversubscribed; shares to be listed on 12 July
Mumbai: The IPO of Kesar India Ltd has seen good response from investors in all the categories. The IPO started on 30 June and at the end of subscript...
Delhi govt approves development projects worth Rs 26.6 cr in Matiala
Mumbai: Delhi government has approved development projects worth Rs 26.6 crore in Matiala area of the national capital. As part of the project, about...
India Cements completes acquisition of SMPL
Mumbai: Chennai-based India Cements Ltd has completed acquisition of the whole of paid-up equity and preference share capital of Springway Mining Pvt...
TTK Prestige to pick 51% stake in Ultrafresh Modular Solutions for Rs 30 cr
Mumbai: TTK Prestige plans pick up 51 percent stake in Ultrafresh Modular Solutions for a total consideration of Rs 30 crore to foray into modular kit...
Kolte-Patil, Tata Power join hands to set up EV charging points
Mumbai: Real estate player Kolte-Patil Developers Ltd has inked a partnership with Tata Power to provide EV charging points in its projects in Pune, M...
Trehan Iris, BOLT set up EV charging points in Gurugram
Mumbai: Real estate player Trehan Iris has joined hands with EV charging network provider BOLT to set up as many as 10 EV charging points in ‘Iris Tec...
Is Hero Electric Closing Down Dealerships Across North India?
Mumbai: Is EV maker Hero Electric shutting down most of its dealerships in North India and North East India? The company has closed down its showroom...
UltraTech Cement to invest Rs 12,886 cr to augment capacity by 22.6 million
Mumbai: Cement maker UltraTech will invest Rs 12,886 crore to augment its production capacity by as much as 22.6 million tonnes per annum. This addit...
HCC's net profit declined 46% at Rs 64 cr in Q3FY22
Mumbai: Infra player Hindustan Construction Company (HCC) registered a consolidated net profit of Rs 64 for the latest quatyer ending 31 dec 2021, a d...
25k kms highway, 4 logistics parks and 8 ropeway projects on the anvil in FY23: Sitharaman
New Delhi: Finance Minister Nirmala Sithraman today said that National Highways network would be expanded by 25,000 kms and Rs 20,000 will be arranged...
Orient Cement Ltd clocks 19% drop in net profit at Rs 44 cr in Q3FY22
New Delhi: C K Birla Grp company Orient Cement Ltd clocked 19 percent drop in net profit at Rs 44 crore for the quarter ended 31 December 2021 as comp...
Home First Finance Company's net profit at Rs 46 cr for Q3FY22
New Delhi: Home First Finance Company has clocked multi-fold jump in net profit at Rs 46 crore for third quarter ended December 2021. The company had...
HSIL Ltd's net profit drops 21% in Q3FY22
New Delhi: Sanitary ware & packaging items maker HSIL Ltd has clocked 21 percent drop in net profit at Rs 28 crore in the third quarter of the current...
CBI arrests NHAI, Dilip Buildcon officials in bribery case
New Delhi: CBI has arrested five persons, including a senior regional officer of the NHAI and senior executives of infra player Dilip Buildcon, in rel...
Govt to privatise these 25 airports in nxt 3 years
New Delhi: Central government is looking to privatise as many as 25 airports between 2022 and 2025 as part of National Monetization Pipeline (NMP), Mi...
Total borrowings of NHAI jump two-fold to Rs 3.38 lakh cr in 3 yrs
New Delhi: The overall borrowings of NHAI (National Highways Authority of India) have jumped two-fold to Rs 3,38,250 crore in a matter of three years...
Ashoka Buildcon Ltd’s net profit jumps 11% at Rs 78 cr in Q2FY22
New Delhi: Integrated EPC and BOT infra player Ashoka Buildcon Ltd’s consolidated net profit jumped 11 percent at Rs 78 crore in the second quarter of...
Star Cement Ltd’s net profit falls 22% at Rs 47 cr in Q2FY22
New Delhi: Star Cement Ltd’s consolidated net profit fell 22 percent at Rs 47 crore in the second quarter of the current fiscal as against Rs 60 crore...
Ozone to invest Rs 200 cr for a manufacturing plant in Rajasthan
New Delhi: Construction industry hardware maker Ozone plans to invest Rs 200 crore for a manufacturing plant in Ghilot Industrial Region, Rajasthan. T...
BASIC Home Loan secures USD3.5 million funding
New Delhi: Gurugram-based BASIC Home Loan has raised USD3.5 million in Series A funding round which was led by Venture Catalysts (VCats) & Gruhas Prop...
LIC Housing Finance's PAT drops 69% to Rs 248 cr in Q2FY22
New Delhi: LIC Housing Finance reported 69 per cent drop in its standalone PAT (profit after tax) at Rs 248 crore in quarter ending September 2021 as...
Inspira Builders has purchased two acres of land at Electronic City in Bengaluru
Inspira Builders has purchased two acres of land at Electronic City in Bengaluru. The real estate company will develop a housing township spread over...
GR Infraprojects bags Rs 951 cr highway project in Punjab
New Delhi: Infra player GR Infraprojects’ has received a letter of award (LoA) from NHAI for a highway project in Punjab. The project cost is Rs 951...
JSPL pre-pays Rs 777 cr to the lenders of Jindal Steel & Power (Australia)
New Delhi: JSPL has pre-paid USD 106 million (or Rs 777 crore) to the lenders of Jindal Steel & Power (Australia) Ltd. This has led to a reduction in...
Ashoka Buildcon bags Rs 1,567 cr contract for NH-19 in WB
New Delhi: Infra player Ashoka Buildcon has bagged Rs 1,567 crore contract for upgrading part of NH-19 in West Bengal. “Ashoka Buildcon is pleased to...
About half of home loan seekers prefer public sector banks: Survey
New Delhi: About 47 percent of home loan seekers prefer public sector banks as compared to private ones, according to a survey by BASIC home loan. Of...
Brace up to pay heavily for using Rail station, airport, roads as govt draws infra monetisaton plan
New Delhi: To shore up finances for cash-strapped government, Finance Minister Nirmala Sitharaman has announced a 4 year National Monetisation Pipelin...
JK Cement Ltd's net profit jumps many-fold to Rs 190 cr for Q1FY22
New Delhi: JK Cement Ltd has clocked three-fold jump in its consolidated net profit to Rs 190 crore for the first quarter of the current fiscal as com...
Akzo Nobel India clocks net profit of Rs 76 cr for Q1FY22
Noida: Paint maker Akzo Nobel India clocked a consolidated net profit of Rs 76 crore for the first quarter of the current fiscal as compared a net los...
Grasim Industries clocks many-fold jump in net profit at Rs 2,448 cr for Q1FY22
Noida: Aditya Birla Grp company Grasim Industries clocked many-fold jump in its consolidated net profit at Rs 2,448 crore for the first quarter of the...
HCC clocks net profit of Rs 180 cr for Q1FY22
Noida: Infra player Hindustan Construction Company clocked a consolidated net profit of Rs 180 crore for the first quarter of the current fiscal as co...
India Cements net profit jumps 2-fold at Rs 47 cr for Q1FY22
Noida: India Cements Ltd has clocked two-fold jump in consolidated net profit at Rs 47 crore for the first quarter of the current fiscal as compared t...
Asian Granito India clocks net profit of Rs 8.28 cr in Q1FY22
New Delhi: Asian Granito India clocked a consolidated net profit of Rs 8.28 crore in the first quarter of the current fiscal as compared to a loss of...
LIC Housing Finance records massive fall in net profit at Rs 153 cr for Q1FY22
New Delhi: LIC Housing Finance’s (LIC HFL) standalone net profit fell 81 percent at Rs 153 crore for the first quarter of the current fiscal as compa...
Kansai Nerolac Paints net profit jumps more than three-fold to Rs 111 cr for Q1FY22
New Delhi: Kansai Nerolac Paints consolidated net profit jumped more than three-fold to Rs 111 crore for the first quarter of the ongoing fiscal as c...
JK Lakshmi Cement's net profit jumps more than 2 fold at 119 cr for Q1FY22
New Delhi: JK Lakshmi Cement Ltd’s standalone net profit jumped more than two fold at 119 crore for the first quarter of the current fiscal as compare...
L&T's net profit jumps four-fold at Rs 1,174 cr for Q1FY22
New Delhi: Infra player Larsen & Toubro’s consolidated net profit jumped four-fold at Rs 1,174 crore for the first quarter of the current fiscal as co...
Ambuja Cement’s net profit jumps two-fold at Rs 1,161 cr
New Delhi: Ambuja Cement’s consolidated net profit jumped nearly two-fold at Rs 1,161 crore in the second quarter of the current fiscal as compared t...
Havells clocks 269% jump in net profit at Rs 236 cr for Q1FY22
New Delhi: Havells has clocked 269 percent jump in consolidated net profit at Rs 236 crore for the first quarter of the current fiscal as compared to...
CanFin Homes net profit jumps 17% at Rs 109 cr for Q1FY22
New Delhi: CanFin Homes net profit jumped 17 percent at Rs 109 crore for the first quarter of the current fiscal as compared to a net profit of Rs 93...
UltraTech Cement's net profit jumps two-fold at Rs 1,700 cr in Q1FY22
New Delhi: UltraTech Cement Ltd clocked two fold jump in consolidated net profit at Rs 1,700 crore in the first quarter of the ongoing fiscal as compa...
Asian Paints net profit jumps two fold at Rs 574 cr in Q1FY22
New Delhi: Asian Paints consolidated profit jumped about two fold at Rs 574 crore for the first quarter ended of the current fiscal as compared to Rs...
WFH trend brought good business for us: Atul-BASIC Home Loan
As Co-founder and CEO of BASIC Home Loan, Atul Monga is trying to change the way affordable homes are financed in India. He wants to help India's low-...
After Modi, Gadkari aims to develop smart cities
New Delhi: Transport Minister Nitin Gadkari will seek Cabinet's approval for the construction of smart cities, apart from other projects like logistic...
KKR to take over 7 highway proj in India
New Delhi: Global investment player KKR will soon take over Global Infrastructure Partners’ seven highway assets in India totaling 487 kms, apart from...
Anti-dumping duty on some steel products extended
New Delhi: Government has extended the anti-dumping duty on some o the varieties of steel products up till 15 December 2021 so as to guard the domesti...
NBCC bags Rs 206 cr order
New Delhi: NBCC (India) Ltd has bagged an order for engagement as Project Management Consultant (PMC) for ding several civil works of Odisha Hydro Pow...
NBCC clocks more than two-fold jump in net profit for FY21
New Delhi: State-run NBCC’s consolidated net profit has remained almost the same at Rs 83.30 crore for the fourth of the last fiscal as compared to ne...
RLDA to lease out 16 land parcels, aims to have Rs 1900 cr revenues
New Delhi: Rail Land Development Authority aims to have revenues of 1904 crore by leasing out 16 land pieces that include Boulevard Road Colony in Del...
Hindustan Construction Company’s net profit falls 49% at Rs 157 cr for Q4FY21
New Delhi: Hindustan Construction Company’s net profit fell 49 percent at Rs 157.28 crore for the fourth quarter of the last fiscal as compared to Rs...
LIC Housing Finance’s net profit falls 5% at Rs 399 cr for Q4FY21
New Delhi: LIC Housing Finance’s net profit fell 5 percent at Rs 399 crore for the fourth quarter of the last fiscal as compared to Rs 421 crore in th...
Fitch affirms Adani Ports at 'BBB-', outlook negative
New Delhi: As if the severe beating of share prices of Adani Group companies was not enough, Fitch Ratings has now assigned negative outlook on Adani...
Reliance Home Finance going for a song to this bidder
New Delhi: Even the deadline for voting for bids for beleaguered Reliance Home Finance has been extended, home grown NBFC Authum is quite close to acq...
IRB signs two deals with NHAI worth rs 3,200 cr for highway projects in WB, HP
New Delhi: IRB Infrastructure Developers Ltd has signed two deals worth Rs 3,200 crore with NHAI for highway projects in West Bengal and Himachal Prad...
Capacite Infraprojects Ltd’s net profit jumps Rs 24.5 cr for Q4Fy21, full year profit plummets
New Delhi: Capacite Infraprojects Ltd’s consolidated net profit jumped many-fold to Rs 24.5 crore for the fourth quarter of the last fiscal as compare...
Adani all set to enter cement biz
New Delhi: Industrialist Gautam Adani has now set his eyes on cement business. Adani Enterprises will foray into cement business by way of a wholly-ow...
Century Plyboards (India) Ltd’s net profit jumps 115% at Rs 83 cr for Q4FY21
New Delhi: Century Plyboards (India) Ltd’s standalone net profit jumped 115 percent at Rs 83 crore for the fourth quarter of the last fiscal as compar...
NHAI debars yet another firm from ongoing & future projects, tags it non-performer
New Delhi: After taking action on Lion Engineering Consultants along with Synergy Engineering Grp Pvt Ltd, NHAI has now declared Gayatri Projects Ltd...
Despite pandemic, assets worth Rs 3.5 lakh cr to get monetised through REIT and InvIT
New Delhi: Despite corona marring the prospects f commercial real estate, assets worth Rs 3.5 lakh crore are expected to get monetised through REIT an...
NHAI debars these companies from future highway projects
New Delhi: NHAI has debarred Lion Engineering Consultants along with Synergy Engineering Grp Pvt Ltd from engaging in any future national highway proj...
RInfra to raise up to Rs 550 cr through preferential issue
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd (RInfra) will raise up to Rs 550 crore through a preferential issue of shares. The Board of D...
Reliance Infrastructure sinks into red in last fiscal
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd’s consolidated net loss narrowed to Rs 47 crore for the fourth quarter of the last fiscal as co...
IRB Infrastructure Developers’ net profit tanks 37% to Rs 97 cr in Q4FY21
New Delhi: Infra player IRB Infrastructure Developers Ltd’s consolidated net profit tanked 37 percent to Rs 97 crore in the fourth quarter of the last...
Ramco Cements’ net profit jumps 51% at Rs 216 cr in Q4FY21
New Delhi: Ramco Cements’ consolidated net profit jumped 51 percent at Rs 216 crore for the fourth quarter of the last fiscal as compared to a net pr...
India Cements clocks net profit of Rs 44 cr for Q4FY21
New Delhi: Chennai-based India Cements reported a consolidated net profit of Rs 44 crore for the fourth quarter of the last fiscal as compared to a ne...
Shree Cement Ltd’s net profit jumps 49% at Rs 799 cr for Q4FY21
New Delhi: Shree Cement Ltd’s consolidated net profit jumped 49 percent at Rs 799 crore in the last quarter of the last fiscal as compared to Rs 537 c...
JK Lakshmi Cement’s net profit jumps 61% at Rs 159 cr for Q1FY21
New Delhi: JK Lakshmi Cement’s consolidated net profit jumped 61 percent at Rs 159 crore for the fourth quarter of the last fiscal as compared to Rs...
NBCC Ltd bags contract worth Rs 597 crore in Uttarakhand
New Delhi: NBCC Ltd has got a contract worth Rs 597 crore in Uttarakhand. The contract is for comprehensive design, engineering and project managemen...
Mumbai to see twofold jump in data centre capacity by 2023
New Delhi: Mumbai data centre market to explode with the total installed capacity in the city likely to jump more than twofold to reach about 530 MW b...
India records 28% jump in data centre capacity in 2020, will need 60 lakh sq ft for further expansion till 2023
New Delhi: India added 102 MW of data centre capacity in 2020, an increase of 28 percent over 2019’s installed capacity of 350 MW. In terms of absor...
Orient Cement’s net profit jumps two-fold at Rs 99 cr for Q4FY21
New Delhi: Orient Cement’s net profit jumped two-fold at Rs 99 crore for the fourth quarter of the last fiscal as compared to a net profit of Rs 44 cr...
This cement maker files DRHP with SEBI for IPO
New Delhi: The slowdown in the economy notwithstanding, there are a slew of companies that are planning to come out with IPOs in the next few weeks or...
L&T clocks 3% increase in net profit at Rs 3,293 cr for Q4FY1
New Delhi: Infra player Larsen and Toubro (L&T) clocked 3 percent increase in consolidated net profit at Rs 3,293 crore for the fourth quarter of the...
HIL’s net profit jumps multi-fold to Rs 41 cr for Q$FY21
New Delhi: CK Birla Grp company HIL’s stand-alone net profit jumped multi-fold at Rs 41 crore for the fourth quarter of the last fiscal as compared to...
Birla Corporation’s net profit jumps Rs 249 cr in Q4FY21
New Delhi: Cement maker Birla Corporation’s net profit jumped to Rs 249 crore in the fourth quarter of the last fiscal as compared to Rs 195 crore Rs...
JSPL's net profit jumps multi-fold at Rs 1,901 cr in Q4FY21
New Delhi: Jindal Steel and Power Ltd’s consolidated net profit jumped multi-fold at Rs 1,901 crore in the fourth quarter of the last fiscal as compar...
Asian Paint’s net profit jumps 81% at Rs 870 cr in Q4FY21
New Delhi: Asian Paint’s net profit jumped 81 percent at Rs 870 crore in the fourth quarter of the last fiscal as compared to the same period of the p...
HSIL clocks multi-fold jump in net profit at Rs 33 cr for Q4Fy21
New Delhi: Sanitary ware maker HSIL clocked multi-fold jump in net profit at Rs 33 crore for the fourth quarter of last fiscal as compared to Rs 3.38...
Reliance Home Finance’s net loss almost doubles to Rs 445 cr in Q4FY21
New Delhi: Reliance Home Finance’s net loss nearly doubled to Rs 445 crore in the fourth quarter of the last fiscal as compared net loss Rs 238 crore...
UltraTech Cement net profit drops 45% to Rs 1,774 cr for Q4FY21
New Delhi: UltraTech Cement, part of Aditya Birla Group, clocked 45 percent drop in consolidated net profit to Rs 1,774 crore for the fourth quarter o...
Nuvoco Vistas files DRHP for Rs 5,000 cr IPO
New Delhi: Nuvoco Vistas, a Nirma Group backed company, has filed draft red herring prospectus (DRHP) with the markets regulator SEBI for an IPO of Rs...
Adani Ports net profit jumps 285% at Rs 1,288 cr for Q4FY21
New Delhi: Adani Ports and Special Economic Zone’s consolidated net profit jumped 285 percent at Rs 1,288 crore for the fourth quarter of the last fis...
Dalmia Bharat Ltd’s net profit jumps multi-fold at Rs 640 cr for Q4FY21
New Delhi: Cement manufacturer Dalmia Bharat Ltd’s consolidated net profit jumped multi-fold at Rs 640 crore for the quarter ended 31 March 2021 as co...
Ambuja Cement’s net profit jumps 65% in Q4FY21
New Delhi: Ambuja Cement’s consolidated net profit jumped 65 percent in fourth quarter of the last fiscal at Rs 1,228 crore as compared to Rs 742 cror...
PNB Housing Finance’s net profit at Rs 127 cr in Q4Fy21
New Delhi: PNB Housing Finance’s consolidated net profit stood at Rs 127 crore during the last quarter of financial year 2020-21. It had recorded a ne...
Gadkari urges companies involved in highway projects to set up infra fund to fund road projects
New Delhi: Road transport minister Nitin Gadkari has urged various companies involved in highway and road building projects in the country to set up a...
ACC Ltd’s net profit jumps 74% to Rs 563 cr for Q1 of 2021
New Delhi: Cement manufacturer ACC Ltd’s consolidated net profit jumped 74 percent to Rs 563 crore for the first quarter of the current calendar year...
Adani Grp wins yet another project from NHAI
New Delhi: Adani Enterprises has bagged a Rs 1,169 crore highway project from NHAI. The project is in Odisha. The project has been bagged by Adani Ent...
Govt approves highway projects worth Rs 6,176 cr in 7 states including poll-bound Assam
New Delhi: Central government has given its go ahead for highway projects worth Rs 6,176 crore. These projects are in seven states and UTs like Andhra...
IRB Infrastructure Developers wins NHAI project worth Rs 828 cr
New Delhi: IRB Infrastructure Developers has bagged a highway project worth Rs 828 crore from NHAI. The highway project lies I the state of Himachal P...
Central Bank of India not to sell stake in home finance subsidiary to Centrum
New Delhi: Central Bank of India has cancelled the agreement to sell off its equity stake in its home finance subsidiary to housing finance company Ce...
Beleaguered Reliance Infra sells off this building to Yes Bank for Rs 1,200 cr
New Delhi: Anil Ambani led Reliance Infrastructure (RInfra) has sold off Reliance Centre at Santacruz in Mumbai to Yes Bank for Rs 1,200 crore. The s...
NHAI raises money to part fund Rs 87, 000 cr Delhi-Mumbai expressway
New Delhi: NHAI’s special purpose vehicle DME Developers (DMEL) has raised Rs 9,731 crore to part fund Delhi-Mumbai expressway. DMEL is a fully owned...
Road travel time between Delhi, Meerut going to be cut 50 minutes
New Delhi: The road travel time between Delhi and Meerut is going to be cut to about 50 minutes from 1 April 2021. The NHAI has announced that Phase-2...
Growth in cement demand likely to continue in current quarter of ongoing fiscal: Ind-ra
New Delhi: Cement’s demand growth in the country is likely to continue in the current quarter of the ongoing fiscal, according to India Ratings and Re...
Toll collection likely to touch Rs 34,000 cr mark in ongoing fiscal: Gadkari
New Delhi: Toll collection on national highways in the country is likely to touch Rs 34,000 crore mark of the ongoing fiscal, said Minister for Road T...
Adani Grp bags yet another project from NHAI
New Delhi: Adani Road Transport Ltd has bagged Rs 1040 crore highway construction project from NHAI in the state of Telangana. The company received t...
RailTel Corporation's net profit jumps 60% at Rs 70 cr for Q3FY21
New Delhi: RailTel Corporation’s consolidated net profit jumped 60 percent at Rs 70 crore for the third quarter of the current fiscal as compared to R...
Exxaro Tiles to come out with IPO to raise Rs 150 cr
New Delhi: Gujarat-based Exxaro Tiles will come out with its IPO to raise about Rs 150 crore. It has filed its IPO draft papers with SEBI for the purp...
NHAI bars this infra player for future projects
New Delhi: National Highways Authority of India (NHAI) has debarred infra firm SNC Lavalin Infrastructure from engaging in any NHAI project for two ye...
Ambuja Cements net profit jumps 34% at Rs 968 cr for Q2FY20
New Delhi: Ambuja Cements consolidated net profit jumped 34 percent at Rs 968 crore for fourth quarter of the previous fiscal as compared to Rs 722 cr...
ACC Ltd’s net profit jumps 73% to Rs 472 cr for Q4FY20
New Delhi: Cement manufacturer ACC Ltd’s consolidated net profit jumped 73 percent to Rs 472 crore for the fourth quarter of the fiscal ended 31 Decem...
JK Cement's net profit jump 75% at Rs 217 cr in Q3FY21
New Delhi: JK Cement Ltd has reported a jump of 75 percent in consolidated net profit at Rs 217 crore for the third quarter of the current fiscal as c...
Budget2021 : Govt to cut import duties on several steel items to help MSMEs
New Delhi: Finance Minister Nirmala Sitharaman today announced cutting down import duties on several steel items with a view to provide relief to MSME...
Now ports to be privatised, 7 projects worth Rs 2,000 cr under PPP mode to be introduced
New Delhi: Finance Minister Nirmala Sitharam said today that some of the ports in the country will be privatised. As many as seven projects worth arou...
Metro Lite, Metro Neo to be deployed in tier 2 cities, Nashik to get its own metro project
New Delhi: Union Finance Minister Nirmala Sitharam today said there will ‘Metro Lite’ and ‘Metro Neo’ urban mobility projects in tier 2 cities and als...
New scheme to be launched for running 20k new buses under PPP mode in urban India:FM
New Delhi: Union Finance Minister Nirmala Sitharam today said there will be a new scheme for development of urban infrastructure with an investment of...
New highways, including economic corridors, worth Rs 2.24 lakh cr to come up in TN, Kerala, WB and Assam
New Delhi: The Finance Minister Nirmala Sitharaman today said there will be new highways construction work in Tamil Nadu, Kerala, West Bengal and Assa...
Prism Johnson clocks net profit of Rs 47 cr in Q3Fy21
New Delhi: Cement maker Prism Johnson registered net profit of Rs 47 crore in the third quarter of the ongoing fiscal as compared to Rs 2.6 crore in t...
Orient Cement registers a net profit of Rs 54 crore in Q3 FY21
New Delhi: C K Birla Grp firm Orient Cement clocked a net profit of Rs 54 crore in the third quarter of the current fiscal as compared to a net loss o...
LIC Housing Finance's net profit jumps 20% at Rs 721 cr in Q3FY21
New Delhi: There is a healthy jump of 20 percent reported by LIC Housing Finance in its consolidated net profit during the third quarter of ongoing fi...
Shree Cements' profit doubles to Rs 632 crore in Q3 FY21
New Delhi: Shree Cements has registered a two-fold increase in the consolidated net profit in the third quarter (October-December) of the current fisc...
JK Lakshmi Cement net profit jumps 133% at Rs 118 cr for Q3FY21
New Delhi: JK Lakshmi Cement’s consolidated net profit jumped 133 percent in the third quarter of the current fiscal at Rs 118 crore as compred to Rs...
L&T registers 4.9 percent jump in net profit at Rs 2,467 cr in Q3
New Delhi: Larsen & Toubro registered 4.9 percent jump in consolidated net profit at Rs 2,467 crore in the third quarter of the current fiscal as comp...
Aditya Birla Grp firm Grasim to invest Rs 5,000 cr to venture into paints biz
New Delhi: Aditya Birla Group company Grasim will enter paints business with an investment of Rs 5000 crore. The money will be invested over the comi...
Birla Corporation clocks 82% jump in net profit, aims 25 MT cement capacity by 2025
New Delhi: MP Birla Group company Birla Corporation Ltd has clocked 82 percent jump in net profit at Rs 148 crore in the third quarter of the current...
UltraTech clocks 120% jump in net profit at Rs 1,584 cr in Q3
New Delhi: Aditya Birla Group cement maker UltraTech has clocked 120 percent jump in consolidated net profit at Rs 1,584 crore for the third quarter o...
Reliance Home Finance's net loss widens five fold
New Delhi: Anil Ambani led Reliance Home Finance has clocked net loss of Rs 339 crore for third quarter of 2020-21.The firm had posted a net loss of R...
Blacksoil Capital invests Rs 20 cr in Furlenco
New Delhi: Furniture subscription startup Furlenco has received Rs 20 crore fund as venture debt from Blacksoil Capital. The money raised will help t...
Singaporean firm plans data centre campus in Noida costing Rs 1,100 cr
New Delhi: A Singaporean company has offered to set up data centre campus in Noida with an investment of Rs 1,100 crore. The company, ST Telemedia Glo...
CBI raids steel firm In Benagluru for cheating banks
New Delhi: In a lengthy steak of frauds involving banks, the Central Bureau of Investigation (CBI) has now registered against Steel Hypermart India Pv...
Big steel, cement makers indulging in cartelisation: Gadkari
New Delhi: Major steel and cement producers in the country are indulging in cartelization and increasing the process, said Road Transport Minister Nit...
Ban iron-ore exports, set up regulatory authority for cement: Builders
New Delhi: Builders in Tamil Nadu (TN) are demanding that iron ore should not be exported in view of the rising prices of steel. The TN chapter of th...
New Noida on cards; size of existing Noida to double
New Delhi: The real estate sector in and around Noida will get a boost as the UP government is looking to double the size of exiting city and add 20,0...
Shapoorji Pallonji emerges lowest bidder for Rajpath redevelopment in New Delhi
New Delhi: Infra player Shapoorji Pallonji has emerged as the lowest bidder for the massive redevelopment work of Rajpath in New Delhi. It quoted Rs 4...
UltraTech approves allotment of NCDs worth Rs 1,000 cr
New Delhi: Aditya Birla Grp cement maker UltraTech has approved allotment of Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 1,000 crore....
Steel prices will not come down: SAIL Chairman
New Delhi: Steel prices will not come down in near future, according to SAIL’s Chairman Anil Kumar Chaudhary. He has said that there is strong demand...
UltraTech Cement may raise Rs 1,000 cr through NCDs
New Delhi: Aditya Birla Grp cement maker UltraTech is mulling raising Rs 1,000 crore by way of issue of non-convertible debentures (NCDs). The NCDs w...
NHAI’s debt likely to go beyond Rs 3 lakh crore-mark by March
New Delhi: National Highway Authority of India’s (NHAI’s) total debt is likely to go beyond Rs 3 lakh crore-mark before March next year as the authori...
Uttar Pradesh allows mining of sand on private land
New Delhi: Uttar Pradesh government has allowed mining for various construction materials such as sand on private land. The miner will have to procure...
Work commences on 33 highway projects worth Rs 11,000 cr in this state
New Delhi: Government has commenced construction of 33 highway construction projects measuring 1,197 kilometer worth Rs 10,904 crore in Karnataka. T...
Operating margin of ceramic tile makers expected to be 11% this fiscal: CRISIL
New Delhi: The operating margin for ceramic tile manufacturers in the country is expected to be about 11 percent in the current fiscal. The stable vol...
Reliance Infra continues to default on repayment to J&K Bank, SREI Equipment
New Delhi: Anil Ambani-led Reliance Infra (RInfra) has gain defaulted in repayment to Jammu and Kashmir Bank and SREI Equipment Finance Ltd for loans...
Ind-Ra reaffirms rating of RInfra
New Delhi: The rating of Reliance Infra has been reaffirmed by India Ratings & Research (Ind-Ra) at IND-D-Issuer not co-operating’ in relation to the...
Brace up for hike in rail ticket prices as govt to levy user fee on stations like airports
New Delhi: Government is planning to levy ‘user fee’ on around 125 railways stations across the country, just like it is levied on many airports. The...
The 15 Minute City- A New Urban Model: Jayant Vaitha-Colliers Intl India
--ByJayant Vaitha, Director, Design Services at Colliers International India. The current city model is one that has two places of importance for its...
Godrej Properties buys 18-acre land in Bengaluru for housing project
New Delhi: Godrej Properties Ltd has bought 18 acres land parcel at Whitefield, Bengaluru for a housing project. The project will have 24 lakh square...
Construction of Rs 8,380 cr Agra Metro Rail Project to begin on 7 Dec
New Delhi: The construction of the Rs 8,380 crore Agra Metro Rail Project (AMRP) will begin on 7 December. In the first phase, Sikandra to Taj East Ga...
UltraTech Cement to invest Rs 5,477 cr in expanding capacity; to become third largest globally
New Delhi: UltraTech Cement, part of Aditya Birla Group, has made public Rs 5,477 crore investment plan for expanding the manufacturing capacity to 12...
Dinabandhu Mohapatra to be appointed independent director of Indiabulls Housing Finance
New Delhi: Dinabandhu Mohapatra will be appointed as independent director on the board of Indiabulls Housing Finance. The company’s Board has approved...
Govt to infuse Rs 6,000 cr in infra fund, lowers performance security on project contracts to 3%
New Delhi: The government will infuse equity of Rs 6,000 crore in the debt platform of the National Infrastructure Investment Fund (NIIF). The move wi...
Shalimar Paints net loss at Rs 3.68 cr for Q2FY21
New Delhi: Shalimar Paints Ltd’s consolidated net loss fell to Rs 3.68 crore in the second quarter of current fiscal as compared to Rs 5.27 crore in t...
JK Cement Ltd’s net profit jumps 3 times at Rs 221 cr for Q2FY21
New Delhi: JK Cement Ltd’s consolidated net profit jumped almost three times at Rs 221 crore for second quarter of the ongoing fiscal as compared to R...
Reliance Home Finance’s net loss jumps many-fold to Rs 574 cr in Q2FY21
New Delhi: Reliance Home Finance’s net loss jumped many fold to Rs 574 crore in the second quarter of the ongoing fiscal as compared to Rs 111 crore i...
The Ramco Cements Ltd’s PAT jumps 40% to Rs 236 cr in Q2FY21
New Delhi: The Ramco Cements Ltd’s profit after tax jumped 40 percent Rs 236 crore for the second quarter of the current fiscal as compared to Rs 168...
Govt to start Rs 15,592 cr worth of highway projects in Andhra
New Delhi: The government will kick-start national highway construction programme by laying the foundation stones for 16 projects having a combined le...
Construction Tech Expo to be organised in Gandhinagar
New Delhi: Informa Markets in India, which was formerly called UBM India, a B2B exhibition organiser and K and D Communication Ltd (KDCL) in a Joint V...
IL&FS Engineering's net loss narrows to just Rs 13 cr for Q1FY21
New Delhi: IL&FS Engineering And Construction Company Ltd’s consolidated net loss narrowed to just Rs 13 crore for the fourth quarter of the last fisc...
Repco Home Finance Ltd’s net profit increases to Rs 64 cr for Q1Fy21
New Delhi: Repco Home Finance Ltd’s consolidated net profit increased marginally to Rs 64 crore for the first quarter of the current financial year as...
Essar Shipping Ltd’s net loss jumps more than four-fold to Rs 103 cr for Q1FY21
New Delhi: Essar Shipping Ltd’s consolidated net loss jumped more than four-fold to Rs 103 crore for the first quarter of the current financial year a...
Sadbhav Engineering Ltd suffers net loss of Rs 123 cr for Q1FY21
New Delhi: Sadbhav Engineering Ltd suffered a consolidated net loss of Rs 123 crore for the first quarter of the current financial year as compared to...
Shalimar Paints Ltd's net loss doubles to Rs 10 cr in Q1FY21
New Delhi: Shalimar Paints today reported doubling of consolidated net loss to Rs 10 crore in the first quarter of the current fiscal as compared to R...
JK Cement’s net profit tanks 62% to Rs 50 cr for Q1FY21
New Delhi: JK Cement’s consolidated net profit has tanked 62 percent at Rs 50 crore for the first quarter of the current financial year as compared to...
New GIFT city to come up in in Aluva (Kerala)
New Delhi: A new GIFT city will come, this time in Aluva (Kerala), near the Cochin International Airport. It will be called Kochi Global Industrial F...
Archidply Ltd suffers net loss of Rs 1.9 cr for Q1FY21
New Delhi: Archidply Ltd suffered a net loss of Rs 1.9 crore in the first quarter of the ongoing fiscal as compared to a net profit of Rs 1.45 crore i...
Patel Engineering suffers net loss of Rs 32 cr for Q1FY21
New Delhi: Mumbai based Patel Engineering Ltd suffered a consolidated net loss of Rs 32 crore in the first quarter of the ongoing fiscal as compared t...
Dilip Buildcon bags Rs 1,274 cr highway project from NHAI
New Delhi: Dilip Buildcon has bagged a Rs 1,274 crore highway project from NHAI in Karnataka. The scope of the project includes widening of a section...
Gayatri Projects Ltd suffers net loss of Rs 13 cr for Q1FY21
New Delhi: Hyderabad-based Gayatri Projects Ltd suffered a consolidated net loss of Rs 13 crore in the first quarter of the ongoing fiscal as compared...
Hindustan Construction Company suffers net loss of Rs 409 cr for Q1FY21
New Delhi: Mumbai-based Hindustan Construction Company (HCC) Ltd suffered a consolidated net loss of Rs 409 crore in the first quarter of the ongoing...
GMR Infrastructure Ltd's consolidated net loss jumps many-fold to Rs 834 cr for Q1FY21
New Delhi: GMR Infrastructure Ltd's consolidated net loss jumped many times to Rs 834 crore in the first quarter of the ongoing fiscal as compared to...
Can Fin Homes Ltd’s net profit jumps 16% to Rs 93 cr for Q1FY21
New Delhi: Can Fin Homes Ltd’s net profit jumped 16 percent to Rs 93 crore for the first quarter of the current fiscal as compared to Rs 80 crore for...
LIC Housing Finance Ltd’s net profit jumps 26% to Rs 824 cr for Q1FY21
New Delhi: LIC Housing Finance Ltd’s consolidated net profit went up 26 percent to Rs 824 crore for the for the first quarter of the current fiscal as...
Shri Keshav Cements and Infra Ltd suffers net loss of Rs 0.26 cr for Q1FY21
New Delhi: Shri Keshav Cements and Infra Ltd suffered a net loss of Rs 0.26 crore for the for the first quarter of the current fiscal as compared to a...
IRB Infrastructure Developers suffers net loss of Rs 30 cr for Q1FY21
New Delhi: IRB Infrastructure Developers Ltd suffered a consolidated net loss of Rs 30 crore for the for the first quarter of the current fiscal as co...
DHFL's net profit at Rs 70 cr for Q1FY21
New Delhi: Dewan Housing Finance Corporation Ltd’s consolidated net profit stood at Rs 70 crore for the first quarter of the current fiscal as against...
IRB InVit Fund net profit dips 48 % to Rs 23 cr for Q1Fy21
New Delhi: IRB InVit Fund today reported a 48 percent dip in consolidated net profit at Rs 23 crore for the first quarter of the current fiscal as com...
Asian Granito India Ltd suffers net loss of Rs 8.7 cr in Q1Fy21
New Delhi: Asian Granito India Ltd suffered a consolidated net loss of Rs 8.7 crore for the first quarter of the current fiscal as compared to a net p...
Data center capacity to grow 3-fold by 2025 presenting investment opp of USD 5 billion
New Delhi: The data center capacity in the county is likely to grow from the current 375 MW level to around 1,078 MW by the year 2025. This will prese...
How urban infra will transform in post COVID19 era:Taha Ansari-Colliers Intl India
--By Taha Ansari, Director, Project Management (North India) at Colliers International. The novel coronavirus outbreak across the globe has made the...
GTL Infrastructure's net loss increased marginally to Rs 208 cr for Q1Fy21
New Delhi: GTL Infrastructure Ltd’s net loss increased marginally to Rs 208 crore for the first quarter of the current fiscal as compared to Rs 206 cr...
The Ramco Cements' net profit falls 40% to Rs 117 cr for Q1Fy21
New Delhi: The Ramco Cements Ltd’s consolidated net profit declined 40 percent to Rs 117 crore for the first quarter of the current fiscal as compared...
Kamdhenu Ltd logs net profit of Rs 1.4 cr for Q1Fy21
New Delhi: Kamdhenu Ltd today reported a consolidated net profit of Rs 1.4 crore for the first quarter of the current fiscal. The consolidated reven...
HG Infra Engineering's net profit falls 49% to Rs 19 cr for Q1Fy21
New Delhi: HG Infra Engineering Ltd’s consolidated net profit declined 49 percent to Rs 19 crore for the first quarter of the current fiscal as compar...
Greenply Industries suffers net loss of Rs 11 cr for Q1Fy21
New Delhi: Greenply Industries Ltd suffered a consolidated net loss of Rs 11 crore for the first quarter of the current fiscal as compared to a net pr...
Burnpur Cement's net loss widens many-fold to Rs 16 cr for Q1FY21
New Delhi: Burnpur Cement Ltd’s consolidated net loss widened many-fold to Rs 16 crore for the first quarter of the current fiscal as compared to Rs 1...
Berger Paints's net profit tanks 91% to Rs 15 cr for Q1FY21
New Delhi: Berger Paints India Ltd’s consolidated net profit tanked 91 percent to Rs 15 crore for the first quarter of the current fiscal as compared...
Sadbhav Engineering emerges lowest bidder for 2 NHAI projects worth Rs 1,572 cr
New Delhi: Sadbhav Engineering Ltd has been declared as the lowest bidder for 2 of the highway projects by NHAI worth Rs 1,572 crore. The projects are...
Mukand Engineers' net loss widens to Rs 8 cr for Q1FY21
New Delhi: Mukand Engineers Ltd’s net loss widened to Rs 8 crore for the first quarter of the current fiscal as compared to Rs 7.7 crore in the corres...
Orient Bells suffers net loss of Rs 11 cr for Q1FY21
New Delhi: Tiles maker Orient Bells Ltd suffered a consolidated net loss of Rs 11 crore for the first quarter of the current fiscal as compared to a n...
JITF Infralogistics Ltd net loss more than doubles to Rs 46 cr for Q1FY21
New Delhi: Jindal Group company JITF Infralogistics Ltd’s consolidated net loss more than doubled to Rs 46 crore for the first quarter of the current...
Praj Industries suffers net loss of Rs 10.5 cr for Q1FY21
New Delhi: Pune-based Praj Industries Ltd suffered a consolidated net loss of Rs 10.5 crore for the first quarter of the current fiscal as compared to...
NITCO Ltd’s net loss more than doubles to Rs 36 cr for Q1FY21
New Delhi: Tiles maker NITCO Ltd’s consolidated net loss more than doubled to Rs 36 crore for the first quarter of the current fiscal as compared to R...
GPT Infraprojects Ltd’s net profit tanks 59% to Rs 1.67 cr for Q1FY21
New Delhi: GPT Infraprojects Ltd’s consolidated net profit tanked 59 percent to Rs 1.67 crore for the first quarter of the current fiscal as compared...
Transport Corporation of India Ltd’s net profit tanks 86% to Rs 4.7 cr for Q1FY21
New Delhi: Transport Corporation of India Ltd’s (TCIL) consolidated net profit tanked 86 percent to Rs 4.7 crore for the first quarter of the current...
Murudeshwar Ceramics suffers net loss of Rs 11 cr for Q1Fy21
New Delhi: Murudeshwar Ceramics Ltd suffered net loss of Rs 11 crore for the first quarter of the current fiscal as compared to a net profit of Rs 0.7...
Century Plyboards suffers net loss of Rs 11 cr for Q1FY21
New Delhi: Century Plyboards Ltd suffered consolidated net loss of Rs 11 crore for the first quarter of the current fiscal as compared to a net profit...
JMC Projects suffers net loss of Rs 52 cr for Q1FY21
New Delhi: JMC Projects Ltd suffered consolidated net loss of Rs 52 crore for the first quarter of the current fiscal as compared to a net profit of R...
Star Cement's net profit halves to Rs 44 cr for Q1FY21
New Delhi: Star Cement Ltd’s consolidated net profit almost halved at Rs 44 crore for the first quarter of the current fiscal as compared to a net pro...
Somany Ceramics suffers net loss of Rs 26 cr for Q1FY21
New Delhi: Somany Ceramics Ltd suffered a consolidated net loss of Rs 26 crore for the first quarter of the current fiscal as compared to a net profit...
Ashoka Buildcon's net loss widened to Rs 37 cr for Q1FY21
New Delhi: Ashoka Buildcon Ltd’s consolidated net loss widened to Rs 37 crore for the first quarter of the current fiscal as compared to Rs 23 crore i...
Capacite Infraprojects suffers net loss of Rs 43 cr for Q1FY21
New Delhi: Capacite Infraprojects Ltd suffered a consolidated net loss of Rs 43 crore for the first quarter of the current fiscal as compared to a net...
Shree Cement Ltd’s net profit falls 14% to Rs 330 cr for Q1FY21
New Delhi: Shree Cement Ltd’s consolidated net profit declined 14 percent to Rs 330 crore for the first quarter of the current fiscal as compared to R...
Akzo Nobel Ltd suffers net loss of Rs 20 cr for Q1FY21
New Delhi: Paints maker Akzo Nobel Ltd suffered a consolidated net loss of Rs 20 crore for the first quarter of the current fiscal as compared to a ne...
Cochin Shipyard Ltd’s net profit nosedives 70% to Rs 56 cr for Q1FY21
New Delhi: Cochin Shipyard Ltd’s consolidated net profit nosedived 70 percent to Rs 56 crore for the first quarter of the current fiscal as compared t...
Kajaria Ceramics suffers net loss of Rs 32 cr for Q1FY21
New Delhi: Kajaria Ceramics Ltd suffered a consolidated net loss of Rs 32 crore for the first quarter of the current fiscal as compared to a net profi...
Container Corporation of India's net profit nosedives 78% to Rs 49 cr for Q1FY21
New Delhi: Container Corporation of India Ltd’s consolidated net profit nosedived 78 percent to Rs 49 crore for the first quarter of the current fisca...
Shipping Corporation of India records net profit of Rs 336 cr for Q1Fy21
New Delhi: Shipping Corporation of India Ltd’s consolidated net profit stood at Rs 336 crore for the first quarter of the current fiscal as compared t...
Mangalam Cement's net profit tanks 60% to Rs 13 cr for Q1FY21
New Delhi: Mangalam Cement Ltd’s net profit tanked 60 percent to Rs 13 crore for the first quarter of the current fiscal as compared to Rs 33 crore in...
Dalmia Bharat's net profit jumps 24% to Rs 188 crore for Q1FY21
New Delhi: Dalmia Bharat Ltd’s consolidated net profit jumped 24 percent to Rs 188 crore for the first quarter of the current fiscal as compared to Rs...
Emami Ltd’s net profit at Rs 39 cr for Q1Fy21
New Delhi: Emami Ltd’s consolidated net profit remained the same at Rs 39 crore for the first quarter of the current fiscal as compared to the corresp...
Saurashtra Cement's net profit falls 47% to Rs 8.2 cr for Q1FY21
New Delhi: Saurashtra Cement Ltd’s consolidated net profit fell 47 percent to Rs 8.2 crore for the first quarter of the current fiscal as compared to...
HIL Ltd's net profit jumps 34% to Rs 50 cr for Q1FY21
New Delhi: CK Birla Group company HIL Ltd today reported 34 percent jump in consolidated net profit at Rs 50 crore for the first quarter of the curren...
Cera Sanitaryware suffers a net loss of Rs 1.78 cr for Q1FY21
New Delhi: Cera Sanitaryware Ltd suffered a consolidated a net loss of Rs 1.78 crore in the first quarter of the current fiscal as against a net profi...
JK Lakshmi Cement's net profit at Rs 50 cr for Q1FY21
New Delhi: JK Lakshmi Cement Ltd’s consolidated net profit fell only marginally to Rs 50 crore for the first quarter of the current fiscal as compared...
Gujarat Sidhee Cement's net profit tanks 63% to Rs 4.98 cr for Q1FY21
New Delhi: Gujarat Sidhee Cement Ltd’s consolidated net profit tanked 63 percent to Rs 4.98 crore for the first quarter of the current fiscal as compa...
Apollo Pipes Ltd’s net profit tanks 80% to Rs 2 cr for Q1FY21
New Delhi: Apollo Pipes Ltd’s net profit tanked 80 percent to Rs 2 crore for the first quarter of the current fiscal as compared to a net profit of Rs...
Top cities in India to add 10 million sq ft data centre space in 2-3 yrs
New Delhi: The top eight cities in the country will add about 10 million square feet of data centre space in the coming 2-3 years with Chennai, Mumbai...
Jindal Saw suffers net loss of Rs 26 cr for Q1FY21
New Delhi: Jindal Saw Ltd suffered a net loss of Rs 26 crore for the first quarter of the current fiscal as compared to a net profit of Rs 109 crore i...
Kansai Nerolac Paints's net profit tanks 80% to Rs 29 cr for Q1FY21
New Delhi: Kansai Nerolac Paints Ltd’s consolidated net profit tanked 80 percent to Rs 29 crore for the first quarter of the current fiscal as compare...
Reliance Home Finance suffers net loss of Rs 161 cr in Q1FY21
New Delhi: Reliance Home Finance Ltd suffered a net loss of Rs 161 crore for the first quarter of the current fiscal as compared to a net profit of Rs...
Reliance Infrastructure suffers net loss of Rs 290 cr for Q1FY21
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd suffered a consolidated net loss of Rs 290 crore for the first quarter of the current fiscal as...
Shree Digvijay Cement's net profit falls 33% to Rs 9.98 cr in Q1FY21
New Delhi: Shree Digvijay Cement Company Ltd’s net profit went down 33 percent to Rs 9.98 crore for the first quarter of the current fiscal as compare...
Sagar Cements net profit jumps 24% to Rs 36 cr in Q1FY21
New Delhi: Sagar Cements Ltd’s consolidated net profit jumped 24 percent to Rs 36 crore for the first quarter of the current fiscal as compared to Rs...
SREI Infrastructure Finance Ltd’s net profit falls 82% to Rs 88 cr for FY20
New Delhi: SREI Infrastructure Finance Ltd’s consolidated net profit fell 82 percent to Rs 88 crore for the fiscal 2019-20 as compared to Rs 486 crore...
Orient Cement’s net profit falls 55% to Rs 25 cr for Q1FY21
New Delhi: CK Birla Group firm Orient Cement Ltd’s net profit tanked 55 percent to Rs 25 crore for the first quarter of the current fiscal as compared...
Ultratech Cement's net profit falls 38% to Rs 796 cr for Q1FY21
New Delhi: Aditya Birla Group company Ultratech Cement Ltd’s consolidated net profit went down 38 percent to Rs 796 crore for the first quarter of the...
India Cements’s net profit tanks 72% to Rs 19 cr for Q1FY21
New Delhi: India Cements Ltd’s consolidated net profit tanked 72 percent to Rs 19 crore for the first quarter of the current fiscal as compared to Rs...
HSIL Ltd suffers net loss of Rs 17 cr in Q1FY21
New Delhi: Sanitaryware and packaging products maker HSIL Ltd suffered a net loss of Rs 17 crore in the first quarter of the current fiscal as compare...
Cement demand to tank 22-25% in current fiscal: ICRA
New Delhi: The demand for cement is expected to go down by 22-25 percent in the current fiscal as there have been restrictions on construction activit...
Operating margins of steel makers to fall by 200 basis points this fiscal: CRISIL
New Delhi: The operating margins of primary steel makers in the country are set to fall by 2 percentage points or 200 basis points to around 15 percen...
Ambuja Cements net profit fall 56% to Rs 592 cr in Q1FY21
New Delhi: Ambuja Cements consolidated net profit fell 56 percent to Rs 592 crore in the first quarter of the current fiscal as compared to Rs 1,335 c...
Asian Paints Ltd’s net profit falls 67% to Rs 220 cr in Q1FY21
New Delhi: Asian Paints Ltd’s consolidated net profit fell 67 percent to Rs 220 crore in the first quarter of the current fiscal as compared to Rs 672...
PNC Infratech bags highways projects worth Rs 1,548 cr in Gujarat from NHAI
New Delhi: PNC Infratech has secured two orders worth Rs 1,548 crore in Gujarat from National Highways Authority of India (NHAI). The projects are par...
PNB Housing Finance’s net profit falls 10% to Rs 257 cr in Q1FY21
New Delhi: PNB Housing Finance’s consolidated net profit fell 10 percent to Rs 257 crore in the first quarter of the current fiscal as compared to Rs...
Dilip Buildcon bags Rs 4,168 cr order in Gujarat
New Delhi: Dilip Buildcon has bagged a Rs 4,168 crore EPC project in Gujarat. The project involves Bhadbhut barrage and flood protection embankments o...
HeidelbergCement India’s net profit falls 38% to Rs 48.94 cr in Q1FY21
New Delhi: HeidelbergCement India’s net profit fell 38 percent to Rs 48.94 crore for the quarter which ended in June 2020. The company had clocked a n...
ACC Ltd’s net profit falls 41% to Rs 270.95 cr in lockdown quarter
New Delhi: Cement player ACC Ltd’s consolidated net profit fell 41 percent to Rs 270.95 crore for the second quarter ending June 2020. The company fol...
Cochin Shipyard bags order to build Autonomous Electric Ferries from Norway
New Delhi: Cochin Shipyard Ltd (CSL) has bagged an order to construct Autonomous Electric Ferry for ASKO Maritime AS, Norway. The two entities signed...
Haryana to inaugurate highway projects worth Rs 20,000 cr
New Delhi: Haryana Government is set to start work on highway projects worth Rs 20,000 crore in the state which provide better connectivity in the sta...
SAIL's net profit jumps five-fold to Rs 2,647 cr in Q4FY20
New Delhi: Steel Authority of India Ltd’s consolidated net profit jumped five-fold to Rs 2,647 crore in the fourth quarter of the 2019-20 fiscal as co...
IRCTC's net profit jumps 80% to Rs 150 cr for Q2FY20
New Delhi: Indian Railway Catering & Tourism Corporation Ltd's net profit jumped 80 percent to Rs 150 crore in the fourth quarter of the 2019-20 fisc...
Sadbhav Engineering registers net profit of Rs 1,280 cr for Q4FY20
New Delhi: Sadbhav Engineering Ltd registered consolidated net profit of Rs 1,280 crore in the fourth quarter of the 2019-20 fiscal as compared to a n...
Hindustan Construction Company registers net profit of Rs 311 cr for Q4FY20
New Delhi: Mumbai-based Hindustan Construction Company registered consolidated net profit of Rs 311 crore in the fourth quarter of the 2019-20 fiscal...
Sadbhav Infrastructure Project clocks net profit of Rs 1,287 cr in Q4FY20
New Delhi: Sadbhav Infrastructure Project Ltd clocked consolidated net profit of Rs 1,287 crore in the fourth quarter of the 2019-20 fiscal as compar...
NBCC secures orders of Rs 432 cr in June from BHEL, IIT-BHU
New Delhi: State-run construction firm NBCC bagged total orders of Rs 431.63 crore in June 2020. It won a contract from another state-run company BHEL...
Polymac Thermoformers Ltd’s net profit nosedives 94% to Rs 1.76 lakh in Q4FY20
New Delhi: Polymac Thermoformers Ltd’s net profit nosedives 94 percent to Rs 1.76 lakh in the fourth quarter of the 2019-20 fiscal as compared to Rs 2...
NBCC India Ltd’s net profit nosedives 42% to Rs 83 cr in Q4FY20, full year net profit tanks 76%
New Delhi: State-run NBCC India Ltd’s consolidated net profit nosedived 42 percent to Rs 83 crore in the fourth quarter of the 2019-20 fiscal as compa...
Steel prices may drop in next few weeks: Ind-Ra
New Delhi: Steel prices may drop in the next few weeks as there is no expectation of demand increase even though production will pick up with the remo...
Jaiprakash Associates's Managing Director resigns
New Delhi: Beleaguered Jaiprakash Associates's Managing Director (Cement) Sunny Gaur has put in his papers. The board of directors of the company has...
Yet again, RInfra defaults in repayment to various lenders including Yes Bank, J&K Bank, SREI Equipment Finance
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd has defaulted in repayment to various lenders including Yes Bank, Jammu and Kashmir Bank and SR...
Gati Ltd suffers net loss of Rs 70 cr for Q4FY20
New Delhi: Logistics player Gati Ltd suffered consolidated net loss of Rs 70 crore for the fourth quarter of the fiscal 2019-20 as compared to a net p...
Duroply Industries suffers net loss of Rs 4.62 cr for Q4FY20
New Delhi: Duroply Industries Ltd suffered net loss of Rs 4.62 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit of Rs 17...
NHAI to bring first ever InvIT by govt entity soon
New Delhi: National Highway Authority of India (NHAI) will soon set up an infrastructure investment trust (InvIT) and a new company will be establishe...
Recovery may be faster than what people expects, opportunities to enhance market share: Havells India MD Anil Gupta
New Delhi: Digitisation of business will change how we work and it will also lead to reduction in cost and improve productivity. Havells is already wi...
Asian Granito India Ltd’s net profit jumps 12% to Rs 6.35 cr for Q4FY20
New Delhi: Asian Granito India Ltd’s consolidated net profit jumped 12 percent to Rs 6.35 crore for the fourth quarter of the fiscal 2019-20 as compar...
Cera Sanitaryware Ltd’s net profit falls marginally to Rs 35 cr for Q4FY20
New Delhi: Cera Sanitaryware Ltd’s consolidated net profit fell marginally to Rs 35 crore for the fourth quarter of the fiscal 2019-20 as compared a n...
Shalimar Paints Ltd’s net loss halves to Rs 22 cr for Q4FY20
New Delhi: Shalimar Paints Ltd’s consolidated net loss halved to Rs 22 crore for the fourth quarter of the fiscal 2019-20 as compared of Rs 43.36 cror...
GIC Housing Finance’s net profit drops 48% to Rs 26 cr for Q4FY20
New Delhi: GIC Housing Finance’s net profit dropped 48 percent to Rs 26.40 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 50.9 c...
Kamdhenu Group's net profit tanks 60% at Rs 2.32 cr for Q4FY20
New Delhi: Kamdhenu Group saw its standalone net profit tank by 60 percent at Rs 2.32 crore for the fourth quarter of the 2019-20 fiscal as compared...
Essar Shipping Ltd’s net loss narrows to Rs 1,539 cr for Q4FY20
New Delhi: Essar Shipping Ltd’s consolidated net loss narrowed to Rs 1,539 crore for the fourth quarter of the fiscal 2019-20 as compared a net loss o...
Andhra Cement Ltd’s net loss jumps to Rs 54 cr for Q4FY20
New Delhi: Andhra Cement Ltd’s net loss jumped to Rs 54 crore for the fourth quarter of the fiscal 2019-20 as compared a net loss of Rs 33 crore in th...
Tata Steel Ltd suffers net loss of Rs 1,615 crore for Q4FY20
New Delhi: Tata Steel Ltd suffered a consolidated net loss of Rs 1,615 crore for the fourth quarter of the fiscal 2019-20 as compared a net profit of...
IL&FS Engineering and Construction Company Ltd’s net loss narrowed to Rs 56 cr for Q2FY20
New Delhi: IL&FS Engineering and Construction Company Ltd’s net loss narrowed to Rs 56 crore for the second quarter of the fiscal 2019-20 as compared...
Archidply Industries Ltd suffers net loss of Rs 1.17 cr for Q4FY20
New Delhi: Archidply Industries Ltd suffered net loss of Rs 1.17 crore for the fourth quarter of the fiscal 2019-20 as compared a net profit of Rs 1.7...
B L Kashyap & Sons Ltd’s net loss jumped to Rs 25 cr for Q4FY20
New Delhi: B L Kashyap & Sons Ltd’s consolidated net loss jumped to Rs 25 crore for the fourth quarter of the fiscal 2019-20 as compared of Rs 14.7 cr...
Simplex Projects Ltd’s net profit jumped seven-fold to Rs 85 lakh for Q1FY20
New Delhi: Simplex Projects Ltd’s consolidated net profit jumped seven-fold to Rs 85 lakh for the first quarter of the fiscal 2019-20 as compared of R...
Greenply Industries suffers net loss of Rs 21 cr for Q4FY20
New Delhi: Greenply Industries Ltd suffered consolidated net loss of Rs 21 crore for the fourth quarter of the fiscal 2019-20 as compared to net profi...
Jindal Saw Ltd’s net profit tanks 91% to Rs 41 cr for Q4FY20
New Delhi: Jindal Saw Ltd’s consolidated net profit tanked 91 percent to Rs 41 crore for the fourth quarter of the fiscal 2019-20 as compared of Rs 50...
Century Plyboards India Ltd’s net profit declines 34% to Rs 36 cr for Q4FY20
New Delhi: Century Plyboards India Ltd’s consolidated net profit declined 34 percent to Rs 36 crore for the fourth quarter of the fiscal 2019-20 as co...
NITCO Tiles Ltd registers net profit of Rs 86 lakh for Q4FY20
New Delhi: NITCO Tiles Ltd’s consolidated net profit stood at Rs 86 lakh for the fourth quarter of the fiscal 2019-20 as compared to a net loss of Rs...
Murudeshwar Ceramics Ltd suffers net loss of Rs 5.47 cr for Q4FY20
New Delhi: Murudeshwar ceramics Ltd suffered a net loss of Rs 5.47 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit of R...
Container Corporation of India’s net profit falls 10% to Rs 317 cr for Q4FY20
New Delhi: Container Corporation of India Ltd’s consolidated net profit fell 10 percent to Rs 317 crore for the fourth quarter of the fiscal 2019-20 a...
Apar Industries Ltd’s net profit falls 46% to Rs 23 cr for Q4FY20
New Delhi: Apar Industries Ltd’s consolidated net profit fell 46 percent to Rs 23 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs...
Surya Roshni Ltd’s net profit falls 34% to Rs 29 cr for Q4FY20
New Delhi: Surya Roshni Ltd’s consolidated net profit fell 34 percent to Rs 29 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 44...
Star Cement Ltd’s net profit falls 6% to Rs 86 cr for Q4FY20
New Delhi: Star Cement Ltd’s consolidated net profit fell 6 percent to Rs 86 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 91 c...
Hindustan Aeronautics Ltd’s net profit at Rs 1,250 cr for Q4FY20
New Delhi: Hindustan Aeronautics Ltd’s consolidated net profit increased marginally to Rs 1,250 crore for the fourth quarter of the fiscal 2019-20 as...
Sintex Industries Ltd’s net loss trebles to Rs 294 cr for Q4FY20, full year loss at Rs 1,256 cr
New Delhi: Sintex Industries Ltd’s consolidated net loss almost trebled to Rs 294 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs...
Somany Ceramics Ltd suffers net loss of Rs 9 cr for Q4FY20
New Delhi: Somany Ceramics Ltd’s suffered consolidated net loss of Rs 9 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit...
Container Corporation of India appoints Sudheer Kumar as Part-Time Government Director
New Delhi: Container Corporation of India Ltd has appointed Sudheer Kumar as Part-Time Government Director on its Board till he holds the post of Addi...
Govt approves declaration of Kushinagar Airport (Uttar Pradesh) as international airport
New Delhi: The Union Cabinet has approved Kushinagar Airport in Uttar Pradesh to be declared as an international airport. Such declaration will result...
Supremex Shine Steels registers net profit of Rs 5.83 lakh for Q4FY20
New Delhi: Supremex Shine Steels Ltd’s registered net profit of Rs 5.83 lakh for the fourth quarter of the fiscal 2019-20 as compared to a net loss of...
PNC Infratech Ltd’s net profit drops 46% to Rs 90 cr for Q4FY20
New Delhi: PNC Infratech Ltd’s consolidated net profit dropped 46 percent to Rs 90 crore for the fourth quarter of the fiscal 2019-20 as compared to R...
Burnpur Cement Ltd’s net loss jumps multi-fold to Rs 125 cr for Q4FY20
New Delhi: Burnpur Cement Ltd’s net loss jumped multi-fold to Rs 125 crore for the fourth quarter of the fiscal 2019-20 as compared net loss of Rs 3.1...
Lancer Container Lines Ltd’s net profit jumps 5-times to Rs 2.52 cr for Q4FY20
New Delhi: Lancer Container Lines Ltd’s net profit jumped almost 5 times to Rs 2.52 crore for the fourth quarter of the fiscal 2019-20 as compared net...
H G Infra Engineering Ltd’s net profit jumps 41% to Rs 54 cr for Q4FY20
New Delhi: H G Infra Engineering Ltd’s consolidated net profit jumped 41 percetn to Rs 54 crore for the fourth quarter of the fiscal 2019-20 as compar...
AMJ Landholdings Ltd registers net profit of Rs 4.55 cr for Q4FY20
New Delhi: Mumbai-based AMJ Landholdings Ltd registered a consolidated net profit of Rs 4.55 crore for the fourth quarter of the fiscal 2019-20 as com...
Kakatiya Cement Sugar & Industries Ltd suffers net loss of Rs 5.62 cr for Q4FY20
New Delhi: Kakatiya Cement Sugar & Industries Ltd suffered a net loss of Rs 5.62 crore for the fourth quarter of the fiscal 2019-20 as compared net pr...
Tivoli Constructions Ltd suffers net loss of Rs 0.54 lakh for Q4FY20
New Delhi: Mumbai-based Tivoli Constructions Ltd suffered consolidated net loss of Rs 0.54 lakh for the fourth quarter of the fiscal 2019-20 as compar...
India Cements Ltd suffers net loss of Rs 10.4 cr for Q4FY20
New Delhi: India Cements Ltd suffered consolidated net loss of Rs 10.4 crore for the fourth quarter of the fiscal 2019-20 as compared net profit of Rs...
Colliers International elevates Shyam Arumugam as Head of Industrial and Logistics Services
New Delhi: Colliers International has elevated Shyam Arumugam, MRICS as Head of Industrial and Logistics Services. Arumugam has been part of Colliers...
Road construction firms to see negative growth of 8-10% in revenues this fiscal: CRISIL
New Delhi: The corona pandemic and the lockdown will result in negative growth of 8-10 percent in revenues of highway EPC companies in the current fis...
Somany Home Innovation Ltd’s net profit plunges 66% to Rs 2.31 cr for Q4FY20
New Delhi: Somany Home Innovation Ltd’s consolidated net profit plunged 66 percent to Rs 2.31 crore for the fourth quarter of the fiscal 2019-20 as co...
Captain Pipes Ltd’s net profit tanks 22% to Rs 8.29 lakh for Q4FY20
New Delhi: Captain Pipes Ltd’s net profit tanked 22 percent to Rs 8.29 lakh for the fourth quarter of the fiscal 2019-20 as compared net profit of Rs...
Gayatri Highways Ltd’s net loss narrow to Rs 64 cr for Q4FY20
New Delhi: Gayatri Highways Ltd’s consolidated net loss narrowed to Rs 64 crore for the fourth quarter of the fiscal 2019-20 as compared net profit of...
Asian Paints Ltd’s net profit at Rs 480 cr for Q4FY20
New Delhi: Asian Paints Ltd’s consolidated net profit fell marginally to Rs 480 crore for the fourth quarter of the fiscal 2019-20 as compared net pro...
Berger Paints India Ltd’s net profit falls 6% to Rs 103 cr for Q4FY20
New Delhi: Berger Paints India Ltd’s consolidated net profit fell about 6 percent to Rs 103 crore for the fourth quarter of the fiscal 2019-20 as comp...
L&T bags orders worth Rs 2,500-5,000 cr for various entities including NHAI
New Delhi: Infra player Larsen & Toubro (L&T) has bagged orders worth Rs 2,500-5,000 crore for various entities including NHAI. The Transportation In...
Caprihans India Ltd’s net profit jumps three-fold to Rs 4.58 cr for Q4FY20
New Delhi: Caprihans India Ltd’s net profit jumped almost three-fold to Rs 4.58 crore for the fourth quarter of the fiscal 2019-20 as compared net pro...
Sarthak Metals Ltd’s net profit jumps 50% to Rs 3.06 cr for Q4FY20
New Delhi: Sarthak Metals Ltd’s net profit jumped 50 percent to Rs 3.06 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 2.01 cror...
GBL Industries Ltd records net profit of Rs 10.63 lakh for Q4FY20
New Delhi: GBL Industries Ltd’s net profit stood at Rs 10.63 lakh for the fourth quarter of the fiscal 2019-20 as compared net loss of Rs 49.03 lakh i...
AIA Engineering’s net profit falls 8% to Rs 142 cr for Q4FY20
New Delhi: AIA Engineering Ltd’s consolidated net profit fell about 8 percent to Rs 142 crore for the fourth quarter of the fiscal 2019-20 as compared...
L&T signs pact with American firm KBR for modular process plants for refinery
New Delhi: Infra player Larsen & Toubro (L&T) has signed an agreement with American engineering player KBR for building modular process plants for ref...
Rajeshwari Infrastructure’s records net profit of Rs 18 lakh for Q4FY20
New Delhi: Rajeshwari Infrastructure Ltd’s net profit stood at Rs 18 lakh for the fourth quarter of the fiscal 2019-20 as compared net loss of Rs 45 l...
Construction industry to see 12-16% contraction in investment: CRISIL
New Delhi: The construction industry is likely to be knocked down hard by the corona pandemic and the extended lockdown as a contraction of 12-16 perc...
DHFL’s net loss jumps more than three-fold to Rs 7,507 cr for Q4FY20; Rs 13,455 cr for entire FY20
New Delhi: DHFL’s consolidated net loss jumped more than three-fold to Rs 7,507 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 2...
GPT Infraprojects Ltd’s net profit declines 40% to Rs 0.94 cr for Q4FY20
New Delhi: Kolkata-based GPT Infraprojects Ltd’s consolidated net profit declined 40 percent to Rs 0.94 crore for the fourth quarter of the fiscal 201...
Cochin Shipyard's net profit jumps 44% to Rs 137 cr for Q4FY20
New Delhi: Cochin Shipyard Ltd’s consolidated net profit jumped 44 percent to Rs 137 crore for the fourth quarter of the fiscal 2019-20 as compared to...
Akzo Nobel India Ltd’s net profit tanks 23% to Rs 54 cr for Q4FY20
New Delhi: Akzo Nobel India Ltd’s consolidated net profit tanked 23 percent to Rs 54 crore for the fourth quarter of the fiscal 2019-20 as compared to...
LIC Housing Finance Ltd’s net profit declines 40% to Rs 424 cr for Q4FY20
New Delhi: LIC Housing Finance Ltd’s consolidated net profit declined 40 percent to Rs 424 crore in the fourth quarter of the fiscal 2019-20 as compar...
Lloyds Steel Industries Ltd’s net loss narrowed to Rs 11 lakh for Q4FY20
New Delhi: Lloyds Steel Industries Ltd’s net loss narrowed to Rs 11 lakh for the fourth quarter of 2019-20 fiscal as against a net loss of Rs 19 lakh...
Ramco Cements Ltd’s net profit tanks 12% to Rs 143 cr for Q4FY20
New Delhi: The Ramco Cements Ltd’s consolidated net profit fell by about 12 percent to Rs 143 crore for the fourth quarter of 2019-20 fiscal as agains...
Even in depressed market conditions, this startup gets Rs 375 crore in debt financing
New Delhi: CasaOne, a startup engaged in furniture renting business, has got around Rs 375 crore (USD 50 million) as debt-financing from Credit Suisse...
The KCP Ltd’s net profit falls by 6% to Rs 34.72 cr for Q4Fy20
New Delhi: The KCP Ltd’s consolidated net profit fell by about 6 percent to Rs 34.72 crore for the fourth quarter of 2019-20 fiscal as against a net p...
IRB Infrastructure Developers Ltd’s net profit falls 25% to Rs 154 cr for Q4FY20
New Delhi: IRB Infrastructure Developers Ltd’s consolidated net profit fell by about 25 percent to Rs 154 crore for the fourth quarter of 2019-20 fisc...
Capacite Infraprojects Ltd’s net profit nosedives 86% to Rs 4 cr fro Q4FY20
New Delhi: Capacite Infraprojects Ltd’s consolidated net profit nosedived about 86 percent to Rs 4.03 crore for the fourth quarter of 2019-20 fiscal a...
Greenpanel Industries Ltd’s net profit falls 25% to Rs 7.55 cro for Q4FY20
New Delhi: Greenpanel Industries Ltd’s consolidated net profit fell about 25 percent to Rs 7.55 crore for the fourth quarter of 2019-20 fiscal as agai...
Arcee Industries Ltd’s net profit jumps two-fold to Rs 14.95 lakh for Q4FY20
New Delhi: Arcee Industries Ltd’s net profit jumped about two-fold to Rs 14.95 lakh for the fourth quarter of 2019-20 fiscal as against a net profit o...
ITD Cementation India Ltd’s net loss narrowed to Rs 5.45 cr for Q4FY20
New Delhi: ITD Cementation India Ltd’s consolidated net loss narrowed to Rs 5.45 crore for the fourth quarter of 2019-20 fiscal as against a net loss...
Orient Bell's net profit jumps 84% to Rs 5.13 cr for Q4FY20
New Delhi: Tile maker Orient Bell Ltd’s consolidated net profit jumped by 84 percent to Rs 5.13 crore for the fourth quarter of 2019-20 fiscal as agai...
Pidilite Industries Ltd’s net profit falls 33% to Rs 156 cr for Q4FY20
New Delhi: Pidilite Industries Ltd’s consolidated net profit fell 33 percent to Rs 156 crore for the fourth quarter of 2019-20 fiscal as against a net...
JK Cement Ltd’s net profit jumps 18% to Rs 160 cr for Q4FY20
New Delhi: JK Cement Ltd’s consolidated net profit jumped about 18 percent to Rs 160 crore for the fourth quarter of 2019-20 fiscal as against a net p...
Mangalam Cement's net profit jumps many fold to Rs 15.51 cr for Q4FY20
New Delhi: Mangalam Cement Ltd’s net profit jumped many fold to Rs 15.51 crore for the fourth quarter of 2019-20 fiscal as against a net profit of Rs...
Anna Infrastructures suffers net loss of Rs 3.47 lakh for Q4FY20
New Delhi: Anna Infrastructures Ltd suffered a net loss of Rs 3.47 lakh for the fourth quarter of 2019-20 fiscal as against a net profit of Rs 3.57 la...
Ashoka Buildcon incurs net profit of Rs 134.55 cr for Q4FY20
New Delhi: Ashoka Buildcon’s consolidated net profit stood at Rs 134.55 crore for the fourth quarter of 2019-20 fiscal as against a net loss of Rs 10....
Sahyadri Industries Ltd’s net profit increases 5% to Rs 4.67 cr for Q4FY20
New Delhi: Sahyadri Industries Ltd’s net profit increased by about 5 percent to Rs 4.67 crore in the fourth quarter of the fiscal 2019-20 as compared...
Ramky Infrastructures suffers net loss of Rs 175.8 cr for Q4FY20
New Delhi: Ramky Infrastructures Ltd’s consolidated net loss stood at Rs 175.8 crore in the fourth quarter of the fiscal 2019-20 as compared to net pr...
NBCC's opeartions to be affected in first half of current fiscal, situation "very volatile"
New Delhi: The operations of state-run company NBCC will be affected in the first half of the current fiscal even as the company has secured Rs 31 cro...
GMR Airports Ltd bags international greenfield airport project at Bhogapuram near Visakhapatnam
New Delhi: GMR Airports Ltd will develop international greenfield airport spread over 2200 acres of land at Bhogapuram near Visakhapatnam. The Andhra...
KNR Constructions Ltd’s net profit falls 26% to Rs 74 cr for Q4FY20
New Delhi: KNR Constructions Ltd’s consolidated net profit fell around 26 percent to Rs 74 crore for the fourth ended 31 March 2020 as against Rs 103...
Shriram Transport Finance's net profit falls 70% to Rs 223 cr for Q4FY20
New Delhi: Shriram Transport Finance Co Ltd’s (STFC) standalone net profit fell by a whopping 70 percent to Rs 223.38 crore in the fourth quarter of 2...
Kerala govt approves semi-high speed rail project worth Rs 66,000 cr
New Delhi: Kerala government has approved semi-high speed rail project worth Rs 66,000 crore that will cut down travel time from the northern-most dis...
8 corporates allotted land in Gautam Buddh Nagar, investment of Rs 288 cr expected
New Delhi: Eight corporate entities have been allotted land for industrial units in Gautam Buddh Nagar which is likely to result in an investment of R...
Tata Steel Long Products Ltd suffers net loss of Rs 133 cr for Q4FY20
New Delhi: Tata Steel Long Products Ltd suffered consolidated net loss of Rs 133.23 crore for the fourth ended 31 March 2020 as against a net profit R...
HSIL Ltd’ net profit nosedives 90 percent to Rs 3.38 cr for Q4FY20
New Delhi: HSIL Ltd’ net profit nosedived over 90 percent to Rs 3.38 crore for the fourth ended 31 March 2020 as against Rs 33.53 crore in the same qu...
Gujarat Pipavav Post Ltd’s net profit slips 7% to Rs 47 cr for Q4FY20
New Delhi: Gujarat Pipavav Post Ltd’s net profit slipped about 7 percent to Rs 47.2 crore for the fourth ended 31 March 2020 as against Rs 50.6 crore...
PSP Projects Ltd’s net profit jumps 12% at Rs 34 cr for Q4FY20
New Delhi: PSP Projects Ltd’s consolidated net profit jumped 12 percent at Rs 34.54 crore for the fourth ended 31 March 2020 as against Rs 29.73 crore...
Integra Engineering India Ltd’s net profit nosedives to half at Rs 0.95 cr for Q4FY20
New Delhi: Integra Engineering India Ltd’s consolidated net profit nosedived to half at Rs 0.95 crore for the fourth ended 31 March 2020 as against a...
Coromandel Engineering Company Ltd’s net profit stood at Rs 2.07 cr for Q4Fy20
New Delhi: Coromandel Engineering Companyy Ltd’s net profit stood at Rs 2.07 crore for the fourth ended 31 March 2020 as against a net loss of Rs 3.30...
TRF Ltd’s net loss widened to Rs 57 cr for Q4FY20
New Delhi: Tata Group company TRF Ltd’s consolidated net loss widened to Rs 57 crore for the fourth ended 31 March 2020 as against a net loss of Rs 43...
Garden Reach Shipbuilders & Engineers Ltd’s net profit jumps 48% to Rs 49 cr for Q4FY20
New Delhi: Garden Reach Shipbuilders & Engineers Ltd’s net profit jumped 48 percent to Rs 49.68 crore for the fourth quarter ended 31 March 2020 as co...
Jindal Stainless Ltd suffered net loss of Rs 66 cr for Q4FY20
New Delhi: Jindal Stainless Ltd suffered consolidated net loss of Rs 66 crore for the fourth ended 31 March 2020 as against a net profit of Rs 34.20 c...
IL&FS Transportation Networks Ltd suffers net loss of Rs 17,000 cr for FY20
New Delhi: IL&FS Transportation Networks Ltd suffered a standalone net loss of Rs Rs 17,000 crore for the fiscal ended March 2020. The company had rec...
L&T's net profit down 4% at Rs 3430.10 cr for Q4FY20
New Delhi: Infra player Larsen & Toubro Ltd’s (L&T) consolidated net profit went down by 4 percent at Rs 3430.10 crore for the fourth quarter of 2019-...
IRB InvIT Fund net profit drops at Rs 99 cr for Q4FY20
New Delhi: The IRB InvIT Fund today reported a 10 percnet drop in consolidated net profit at Rs 99.46 crore for the fourth quarter ended 31 March 2020...
L&T bags order worth Rs 2,500-5,000 cr from Telangana Govt
New Delhi: Infra player Larsen & Toubro (L&T) has bagged an order worth Rs 2,500-5,000 crore from Telangana Government. Then order has been bagged by...
EBIDTA of steel companies to go down by 20-30 bps, steel prices may fall: IndRa
New Delhi: The profitability of the steel makers in the country is expected to go down by as much as 20-30 basis points. The real estate, infra and ot...
Duncan Engineering Ltd suffers net loss of Rs 0.80 cr for Q4FY20
New Delhi: Pune-based Duncan Engineering Ltd suffered a net loss of Rs 0.80 crore for the fourth quarter of 2019-20 fiscal as compared to a net profit...
Anil Ambani-led Reliance Infra defaults big time on repayment to Yes Bank, others
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd continues to default on repayment to various entities from which it had borrowed money. The com...
Delhi Amrtisar Katra expressway design changed, Phase-1 to cost Rs 25,000 cr
New Delhi: The Amrtisar Katra expressway will now connect historical cities of Tarn Taran, Sultanpur Lodhi and Goindwal Sahib. The National Highway A...
Transport Corporation of India's net profit slumps 25% to Rs 36.15 cr for Q4FY20
New Delhi: Transport Corporation of India Ltd’s consolidated net profit went down by 25 percent to Rs 36.15 crore for the fourth quarter of 2019-20 fi...
WelSpun Enterprises Ltd’s net profit jumps three-fold to Rs 89.08 cr for Q4FY20
New Delhi: WelSpun Enterprises Ltd’s consolidated net profit jumped three-fold to Rs 89.08 crore for the fourth quarter of the 2019-20 fiscal as compa...
Birla Cable Ltd’s net profit nosedived to just 0.09 cr for Q4FY20
New Delhi: MP Birla Grp company Birla Cable Ltd’s net profit nosedived to just 0.09 crore for the fourth quarter of the 2019-20 fiscal as compared to...
Universal Cables Ltd’s suffered net loss stood of Rs 0.48 cr for Q4FY20
New Delhi: MP Birla Group company Universal Cables Ltd’s consolidated net loss stood at Rs 0.48 crore for the fourth quarter of the 2019-20 fiscal as...
Orient Electric Ltd’s net profit slumps 9% to Rs 35.78 cr for Q4FY20
New Delhi: CK Birla Group company Orient Electric Ltd’s net profit slumped about 9 percent to Rs 35.78 crore for the fourth quarter of the 2019-20 fis...
Srikalahasthi Pipes Ltd’s net profit jumps 43% at Rs 50.72 cr for Q4FY20
New Delhi: Srikalahasthi Pipes Ltd’s net profit jumped 43 percent at Rs 50.72 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 35....
Shipping Corporation of India’s net profit jumps 83% to Rs 111 cr for Q4FY20
New Delhi: State-run Shipping Corporation of India’s (SCI) consolidated net profit went up 83 percent to Rs 111 crore for the fourth quarter of 2019-2...
Prerna Infrabuild Ltd suffers net loss of Rs 37.15 lakh for Q4FY20
New Delhi: Ahmedabad-based Prerna Infrabuild Ltd suffered a consolidated net loss of Rs 37.15 lakh for the fourth quarter of the 2019-20 fiscal as com...
KEI Industries Ltd’s net profit jumps to Rs 62 cr for Q4FY20
New Delhi: KEI Industries Ltd’s consolidated net profit jumped to Rs 62 crore for the fourth quarter of the 2019-20 fiscal as compared net profit of R...
Yuranus Infrstructure Ltd’s net profit stood at 4.52 lakh for Q4FY20
New Delhi: Ahmedabad-based Yuranus Infrstructure Ltd’s net profit stood at 4.52 lakh for the fourth quarter of the 2019-20 fiscal as compared net loss...
Sagar Cements Ltd’s net profit nosedived 93 percent at Rs 1.18 cr for Q4FY20
New Delhi: Sagar Cements Ltd’s consolidated net profit nosedived 93 percent at Rs 1.18 crore for the fourth quarter of the 2019-20 fiscal as compared...
Dilip Buildcon Ltd’s net profit jumps more than two fold at Rs 190.97 cr for Q4FY20
New Delhi: Dilip Buildcon Ltd’s consolidated net profit jumped more than two fold at Rs 190.97 crore for the fourth quarter of the 2019-20 fiscal as c...
Asian Development Bank ADB gives loan of Rs 1,300 cr for up-gradation of Maharashtra roads
New Delhi: The Asian Development Bank (ADB) has given a loan of USD 177 million (about Rs 1,300 crore) for the up-gradation of 450 kilometers of sta...
Heidelbergcement India Ltd’s net profit jumps 9% at Rs 66.3 cr for Q4FY20
New Delhi: Heidelbergcement India Ltd’s net profit jumped 8.9 percent at Rs 66.3 crore for the fourth quarter of the 2019-20 fiscal as compared to a n...
Outlook on bank facilities of L&T Metro Rail (Hyderabad) revised to negative
New Delhi: The outlook on bank facilities of L&T Metro Rail (Hyderabad) Limited (L&TMRHL) has been revised to negative by India Ratings and Research (...
India's crude steel production dropped by a whopping 65% in April
New Delhi: Due to the corona virus pandemic, the crude steel production in India dropped by a whopping 65 percent to just 3.13 million tonnes (MT) in...
Jindal Steel & Power Ltd’s clocks net profit of Rs 305.62 cr for Q4FY20
New Delhi: Jindal Steel & Power Ltd’s consolidated net profit stood at Rs 305.62 crore for the fourth quarter of the 2019-20 fiscal against a net loss...
HIL Ltd’s net profit dips to Rs 22.87 cr for Q4FY20
New Delhi: CK Birla Group company HIL Ltd’s consolidated net profit dipped about 15 percent to Rs 22.87 crore for the fourth quarter of the 2019-20 fi...
Issuer default ratings of Tata Steel, JSW Steel downgraded by Fitch
New Delhi: The issuer default ratings (IDR) of two steel majors- Tata Steel and JSW Steel have been downgraded by Fitch Ratings to 'BB-' from 'BB' ear...
Brahmaputra Infrastructure Ltd’s suffers consolidated net loss of Rs 1.90 cr for Q3FY20
New Delhi: Brahmaputra Infrastructure Ltd’s consolidated net loss for the third quarter of 2019-20 fiscal stood at Rs 1.90 crore as compared to a net...
Adani Enterprises foraying into data centre infra biz; constitutes wholly owned subsidiary for the purpose
New Delhi: Adani Enterprises is foraying into data centre infrastructure business. It has constituted a wholly owned subsidiary ‘DC Development Chenna...
Birla Corporation net profit jumps 52% to Rs 194.73 cr for Q4FY20
New Delhi: Birla Corporation, part of M P Birla Group, has clocked 52 percent jump in consolidated net profit at Rs 194.73 crore for the fourth quarte...
Orient Cement Ltd’s net profit drops 28% to Rs 44.06 cr for Q4FY20
New Delhi: Orient Cement Ltd’s net profit dropped 28 percent to Rs 44.06 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 61.98 cr...
JSW Steel Ltd’s net profit drops 87% to Rs 188 cr for Q4FY20
New Delhi: JSW Steel Ltd’s consolidated net profit dropped by whopping 87 percent to Rs 188 crore for the fourth quarter of the 2019-20 fiscal as com...
IRB Infrastructure Developers raises Rs 200 cr through NCDs
New Delhi: Mumbai-based IRB Infrastructure Developers has raised Rs 200 crore through non-convertible debentures (NCDs). These NCDs have been issued o...
Steel demand to contract by at least 20% this fiscal: ICRA
New Delhi: The demand for steel in the ongoing fiscal will go down by about 20 percent. This will be the maximum yearly decline in demand for steel in...
Tata Steel BSL Ltd’s clocks net profit of Rs 5.93 cr for Q4FY20
New Delhi: Tata Steel BSL Ltd’s consolidated net profit stood at Rs 5.93 crore for the fourth quarter of 2019-20 fiscal as compared to a net loss of R...
Mahindra Logistics Ltd’s net profit declines by massive 65% to Rs 9.73 cr fro Q4FY20
New Delhi: Mahindra Logistics Ltd’s consolidated net profit declined by a massive 65 percent to Rs 9.73 crore for the fourth quarter of the 2019-20 fi...
JK Lakshmi Cement Ltd’s net profit jumps more than two-fold to Rs 101.21 cr for Q4Fy20
New Delhi: JK Lakshmi Cement Ltd’s net profit jumped more than two-fold to Rs 101.21 crore for the fourth quarter of the 2019-20 fiscal as compared t...
UltraTech Cement registers 3-fold increase in net profit at Rs 3,243 cr for Q4FY20
New Delhi: Aditya Birla Grp firm UltraTech Cement registered a 3-fold increase in consolidated net profit at Rs 3,243 crore for the fourth quarter of...
JMC Project Ltd’s suffers net loss of Rs 54.76 cr for Q4FY20
New Delhi: Ahmedabad-based JMC Project Ltd’s consolidated net loss stood at Rs 54.76 crore for the fourth quarter of the 2019-20 fiscal as compared a...
Gujarat Sidhee Cement Ltd’s net profit jumps more than four-fold to Rs 16.27 cr for Q4FY20
New Delhi: Gujarat Sidhee Cement Ltd’s consolidated net profit jumped more than four times to Rs 16.27 crore in the fourth quarter of the 2019-20 fisc...
Embassy Office Parks REIT clocks consolidated net profit of Rs 57.8 cr for Q4FY20
New Delhi: Country’s first REIT Embassy Office Parks has clocked a consolidated net profit of Rs 57.8 crore on a total income of Rs 583.5 crore for th...
Saurashtra Cement Ltd’s net profit at Rs 6.61 cr for Q4FY20
New Delhi: Saurashtra Cement Ltd’s consolidated net profit stood at Rs 6.61 crore for the fourth quarter of the 2019-20 fiscal against a net loss of R...
KNR Constructions bags orders worth Rs 2,309 cr from Government of Telangana
New Delhi: Hyderabad-based KNR Constructions has bagged orders worth Rs 2,309.23 crore from Government of Telangana. The orders have been received by...
Cement sales can go down by up to 30% in current fiscal
New Delhi: Cement sales in the country can go down by up to 30 percent in the current fiscal. In a survey conducted by CIRISIL, as many as 93 percent...
Udaipur Cement Works Co Ltd’s net loss narrows to Rs 2.46 cr for Q4FY20
New Delhi: Udaipur Cement Works Co Ltd’s net loss narrowed to Rs 2.46 crore for the fourth quarter of the 2019-20 fiscal against a net loss of Rs 3.86...
Adani Grp, L&T, AECOM, others interested in redevelopment of Chandigarh Station, passengers to pay user fee
New Delhi: The Chandigarh rail station is to be redeveloped at a cost of Rs 131 crore and many real estate and infra companies are intererested for it...
Crompton Greaves Consumer Electricals Ltd’s consolidated net profit declins 27% to Rs 102.10 cr for Q4FY20
New Delhi: Crompton Greaves Consumer Electricals Ltd’s consolidated net profit declined about 27 percent to Rs 102.10 crore for the fourth quarter of...
Highways Projects in UP, AP, Maharashtra, TN face max risk of time and cost overruns
New Delhi: Highways construction activity in four major states- Uttar Pradesh (UP), Maharashtra, Andhra Pradesh and Tamil Nadu have been majorly affec...
Godrej Properties, Adani, Sobha Ltd, GMR, others participate in pre-bid meeting for redevelopment of Nellore, Tirupati rail stations
New Delhi: Government is planning to award tender for Rs 510 crore redevelopment of Tirupati rail station and Rs 130 crore redevelopment of Nellore...
Shree Digvijay Cement Co Ltd's net profit at Rs 23.17 cr for Q4FY20
New Delhi: Gujarat-based Shree Digvijay Cement Co Ltd registered net profit of Rs 23.17 crore for the fourth quarter of the 2019-20 fiscal against a n...
Havells India Ltd’ consolidated net profit dips 11% to Rs 177.73 cr for Q4FY20
New Delhi: Havells India Ltd’ consolidated net profit dipped about 11 percent to Rs 177.73 crore for the fourth quarter of 2019-20 fiscal as against R...
401 infra projects incur cost overruns of Rs 4.06 lakh cr: Govt report
New Delhi: There have been cost overruns of more than Rs 4.06 lakh crore in 401 infrastructure projects in the country. The cost overruns have been du...
Adani Transmissions Ltd’s consolidated net profit drops to less than half at Rs 58.97 cr for Q4FY20
New Delhi: Adani Transmissions Ltd’s consolidated net profit dropped to less than half at Rs 58.97 crore for the fourth quarter of 2019-20 fiscal as a...
More than 30 consultancy firms participate in pre-bid meeting for redevelopment of New Delhi railway station
New Delhi: About 30 consultancy firms participated an online pre-bid meeting for the tender floated for choosing a firm for the redevelopment of New D...
Reliance Infrastructure Ltd’s consolidated net loss narrowed sharply to just Rs 153.84 cr in Q4FY20
New Delhi: Anil Ambani-led Reliance Infrastructure Ltd’s consolidated net loss narrowed sharply to just Rs 153.84 crore for the fourth quarter of 2019...
Uttam Galva Steels Ltd’s consolidated net loss narrows by 18% to Rs 536.04 cr for Q4FY20
New Delhi: Uttam Galva Steels Ltd’s consolidated net loss narrowed by 18 percent to Rs 536.04 crore for the fourth quarter of 2019-20 fiscal as agains...
Shree Cements Ltd’s consolidated net profit jumps 57% to Rs 536.65 cr for Q4FY20
New Delhi: Shree Cements Ltd’s consolidated net profit jumped 57 percent to Rs 536.65 crore for the fourth quarter of 2019-20 fiscal as against Rs 342...
Reliance Power Ltd’s consolidated net loss jumps 18% to Rs 4,206.38 cr fro Q4FY20
New Delhi: Reliance Power Ltd’s consolidated net loss jumped 18 percent to Rs 4,206.38 crore for the fourth quarter of 2019-20 fiscal as compared to R...
Adani Gas Ltd’s consolidated net profit jumps 61% to Rs 121.41 cr in Q4FY20
New Delhi: Adani Gas Ltd’s consolidated net profit jumped 61 percent to Rs 121.41 crore for fourth quarter of 2019-20 fiscal. It has clacked consolida...
Welspun Corp. Ltd to acquire highway toll project from Essel Grp
New Delhi: Welspun Corp. Ltd will acquire a build-operate-transfer (BOT) highway toll project from the Essel Group. The subsidiary Welspun Enterpris...
Have set a target of constructing highways worth Rs 15 lakh cr in 2 yrs: Govt
New Delhi: The Ministry of Road Transport & Highways has set a target of constructing highways worth Rs 15 lakh crore in the coming two years. Road Tr...
Traffic on highways will drop 16.5%, toll collection to go down by 13% in current fiscal: CRISIL
New Delhi: Traffic on the highways will go down by 16.5 percent in the current fiscal, taking the toll collection down by about 13 percent. Due to t...
Adani Ports & SEZ's net profit drops by a whopping 74%
New Delhi: Adani Ports and Special Economic Zone Ltd’s consolidated net profit dropped by a whopping 74 percent to Rs 340.21 crore for the fourth quar...
Ambuja Cement's Net Profit Rises 7% in Q1FY20
New Delhi: The consolidated net profit of Ambuja Cements Ltd increased by about 7 percent to Rs 742.59 crore for the first quarter (Jan-March) ended M...
Delhi may soon have Hydrogen Fuel Cell electric buses and cars
New Delhi: Delhi may soon have Hydrogen Fuel Cell electric buses and cars. State-run NTPC has invited international Expression of Interest (EoI) for s...
IRB Infrastructure Developers plans to raise up to Rs 2,500 cr
New Delhi: Mumbai-based IRB Infrastructure Developers Ltd plans to raise up to Rs 2,500 crore through debt securities and other instruments. The comp...
India Cements, JK Cement resume production
New Delhi: Even amid the corone-led lockdown in the country, various cemnt makers have either started production or are planning to start production i...
This company acquires 6.3-8.3% stake in 3 Anil Ambani firms
New Delhi: About 6.43 percent stake in Reliance Capital Ltd, 6.97 percent stake in Reliance Power Ltd and 8.21 percent stake in Reliance Infrastructur...
India has brought 348 tones of medical cargo from Shanghai, Seoul, Hong Kong due to corona pandemic
New Delhi: India has brought 348 tones of medical cargo from China, South Korea and Hong Kong till now in the wake of the corona pandemic. The proces...
L&T Wins Orders Worth Rs 1,000-2,500 Cr from Dedicated Freight Corridor Corporation
New Delhi: Railways Strategic Business division of infra player L&T Construction's Transportation Infrastructure IC, with Japanese consortium partner...
Tata Steel To raise Rs 510 cr through NCDs
New Delhi: Tata Steel will raise Rs 510 crore though issuance of non-convertible debentures (NCDs). Company’s committee of directors has approved the...
L&T Bags orders worth Rs 1,000-2,500 cr in Goa, Trivandrum
New Delhi: The Construction division of Larsen & Toubro (L&T) has bagged orders worth Rs 1,000-2,5000 crore for its Buildings & Factories Business in...
Border Roads Organisation constructs permanent bridge connecting Punjab’s Kasowal Enclave with rest of the country
New Delhi: The Border Roads Organisation (BRO) has constructed a permanent bridge on Ravi river connecting Punjab’s Kasowal Enclave with the rest of t...
Road projects expected to get extension in construction spans: ICRA
New Delhi: All the current road projects in the country are expected to get extension in construction spans for the lockdown period under force majeur...
ACC's Net Profit Drops 6% to Rs 323 Cr For Q4 Of FY20
New Delhi: The consolidated net profit of cement maker ACC dropped 6 percent to Rs 323 crore for the fourth quarter of the 2019-20 financial year as c...
L&T Wins Orders Worth Rs 1,000-2,500 Cr In Telangana, UP, Other States
New Delhi: The construction arm of L&T hasbagged orders worth Rs 1,000-2,500 crore for various businesses. The Metallurgy and Material Handling busine...
L&T Bags Orders Worth Rs 1,000-2,500 Cr In India, Abroad
New Delhi: The Power Transmission & Distribution Business division of L&T Construction has secured orders in India and abroad worth Rs 1,000-2,500 cro...
L&T raises Rs 1,250 Cr Through NCDs
New Delhi: Infrastructure player Larsen & Toubro (L&T) it has raised Rs 1,250 crore by way of issuing non-convertible debentures (NCDs). These NCDs w...
India Imports 261 Tones From Medical Equipment, Covid-19 Relief Materials From China, S Korea, Hongkong
New Delhi: India has imported about 261 tones of pharmaceuticals, medical equipment and Covid-19 relief materials from various counties like China, So...
Cement Demand Expected To Tank Up To 25% In FY21: CRISIL
New Delhi: The current corona virus pandemic and the lockdown will result I cement demand gong down by up to 25 percent in the current fiscal and the...
Demand For Steel May Go Down By Up To 25% In 2020: CRISIL
New Delhi: The demand for steel in the country may go down by up to 25 percent in 2020 and for the first quarter of the ongoing fiscal (April-June), t...
L&T Bags Orders Worth Rs 1,000-2,500 Cr From A Clutch Of Domestic Clients
New Delhi: The buildings and factories business division of Larsen & Toubro has secured orders worth Rs 1,000-2,500 crore from a clutch of domestic cl...
L&T Bags Order For RRTS Worth RS 1,000-2,500 Cr
New Delhi: Heavy Civil Infrastructure Business division of Larsen & Toubro Construction has bagged two contracts worth a total of Rs 1,000-2,500 crore...
L&T Bags Rs 2,500-5,000 Cr Order In Karnataka
New Delhi: The Water & Effluent Treatment Business division of L&T Construction has bagged three orders worth Rs 2,500-5,000 crore from Karnataka Urb...
Air India Brings 21 Tones Of Medical Supplies From China, Pvt Airlines Ferry 3,267 Tones Of Cargo During Lockdown
New Delhi: Private airlines have carried 3,267 tones of cargo till 9th April after the lockdown in the country. Spicejet flew 241 cargo flights coveri...
NHAI Issues Tenders for Rs 3,366 Cr Ahmedabad-Dholera Greenfield Alignment Project
New Delhi: National Highways Authority of India (NHAI) has come out with tenders for various different packages under Ahmedabad-Dholera Greenfield Ali...
L&T To Borrow Up To Rs 9,000 Cr
New Delhi: The board of infra player Larsen & Toubro (L&T) has had approved long-term borrowings of up to Rs 9,000 crore, the company said in a regula...
Demand For Cement Expected To Go Down By Half In Q1 of FY21: Ind-Ra
New Delhi: Demand for cement is likely to go down by half in the first quarter of the current fiscal as compared to the same period of previous fiscal...
Reliance Infra Continues To Default On Repayment To Yes Bank, Other Lenders
New Delhi: Anil Ambani led Reliance Infrastructures Ltd has defaulted in repayment to various lenders like Yes Bank, J&K Bank and SREI Equipment Finan...
Thomas Mathew T Retires As Independent Director Of L&T
New Delhi: Thomas Mathew T, Independent Director-Larsen & Toubro, is no longer a Director in the company because of completion of his term of office....
L&T Bags Rs 2,500-5,000 CR Order From Indian Army For Unified Network Management System
New Delhi: The Smart World & Communication Business division of Larsen & Toubro Construction has bagged an order worth Rs 2,500-5,000 crore from the I...
L&T Names New Head Of HR Dept
New Delhi: Yogi Sriram, Senior Vice President, Corporate Human Resources and Member of the Executive Committee, Larsen & Toubro Ltd (L&T) has superann...
Amit Uplenchwar Resigns As CEO of HCC
New Delhi: Amit Uplenchwar has put in his papers as the Chief Executive Officer post of infrastructure player HCC (E&C) with effect from 27 March, 202...
Many Cement, Paint Makers Shut Down Operations Temporarily
New Delhi: Various cement and paint makers in the country have shut down their factories due to the corona virus lockdown. Ambuja Cement has shut do...
Shree Cement, Berger Paints Shut Down Plants Amid Corona Outbreak
New Delhi: Shree Cement has shut down its plants and offices across the country till at least April 14, 2020, the company said in regulatory filing....
Validity Of Driving License, Vehicle Registration Extended Till June 30 June
New Delhi: The validity of documents like driving licenses, permits and registration of vehicles that have expired since 1 February 2020 has been exte...
Corona Impact On Infra: Govt Not To Collect Toll At Highways
New Delhi: The government will not collect toll at highways till the lockdown amid corona virus outbreak ends. "In view of COVID-19, it has been orde...
Govt Okays Rs 1,285 Cr Aligarh-Harduaganj Flyover
New Delhi: The government has decided to construct Aligarh-Harduaganj flyover in Uttar Pradesh, the project cost of which will be Rs 1,285 crore. The...
Eight Running Road Projects Of Sadbhav Infra Taken Over By L&T Grp Investment Trust For Rs 6,300 Cr
New Delhi: Eight running road projects of Sadbhav Infrastructure have been taken over by IndInfravit, a Larsen & Toubro Group investment trust, for Rs...
Govt Collects Rs 2,500 Cr As Toll From Jaipur-Gurugram Highway
New Delhi: The Jaipur-Gurugram Highway has resulted in a windfall for the government. A total of Rs 2,500 crore was collected at toll by the governmen...
India Clocks 84 MT Of Finished Steel Consumption In 10 Months Of Current Fiscal
New Delhi: India clocked 83.90 million tones of finished steel consumption in the first 10 months of the ongoing fiscal 2019-20, which is 3.8 percent...
Only 1 Km of Highways Constructed So Far Under Char-Dham Connectivity Improvement Programme: Gadkari
New Delhi: Under the connectivity improvement programme for Char-Dham (Kedarnath, Badrinath, Yamunotri & Gangotri) in Uttarakhand, around 1.1 kilomete...
Only Rs 763 Cr Of Rs 2,067 Cr Allocated For Upkeep Of Highways For 2019-20 Spent So far
New Delhi: Only Rs 763 crore of the Rs 2,067 crore allocated for maintenance of national highways for the ongoing fiscal 2019-20 has been spent till D...
Govt Approves Up-gradation Of 780 Kms Of Roads Worth Rs 7,662 Cr
New Delhi: The government has approved up-gradation projects of 780 kilometers of roads worth Rs 7,662 crore. The work will be done under Green Nation...
PNC Infratech Wins Road Projects Worth Rs 3,582 Cr
New Delhi: PNC Infratech Ltd has won road projects worth Rs 3,582 crore in Uttar Pradesh from NHAI. The projects involves four-laning of the Aligarh-...
NBCC Ltd Won Orders Worth Rs 128 Cr In February
New Delhi: NBCC Ltd has won orders worth Rs 128.66 crore in February. "NBCC (India) Ltd has secured the total business of Rs 128.66 crore in the mont...
Adani Enterprises Ltd Bags Highway Project Worth Rs 1,546 Cr
New Delhi: Adani Enterprises Ltd has bagged a highway project worth Rs 1,546-crore project. The company will construct six-lane highway on NH-16 in An...
This Infra Player Gets Sold Out For Rs 1,655 Cr As Going Concern
New Delhi: In clear signs of distress for the infra sector in the country, Hyderabad-based IVRCL has been sold out for Rs 1,654.77 crore to Gabs Megac...
L&T Bags Rs 1,000-2,500 Cr Order In Sultanate Of Oman
New Delhi: Infrastructure player Larsen & Toubro (L&T) has won a significant order in Sultanate of Oman. The company did not specify the value of the...
Cement Makers Likely To Have Operating Profitability Of 20% Next Fiscal
New Delhi: Cement makers in the country are expected to register healthy operating profitability of 20 percent next financial year, according to a CRI...
This Large Infra Company Defaults In Repayment To Yes Bank, Others
New Delhi: In signs of further distress and bad news for the sector, Anil Ambani-led Reliance Infrastructure Ltd has defaulted in repaying to a clutch...
NBCC Bags Rs 65 Cr Order From BHEL
New Delhi: NBCC Ltd has won an order worth Rs 64.83 crore from Bharat Heavy Electrical Limited (BHEL) on EPC (engineering, procurement and constructio...
IRB Infrastructure To Pay Rs 8,262 Cr For Toll Collection On Mumbai-Pune Expressway For 10 Yrs
New Delhi: IRB Infrastructure has won the operation and toll collection contract for Mumbai-Pune expressway for another 10 years and the company will...
Delhi-Dehradun Expressway Gets Green Signal
New Delhi: The Delhi-Dehradun expressway has been given a go-ahead by the central government which will significantly cut down the travel time between...
Neeraj Akhoury Resigns As MD&CEO Of ACC Ltd
New Delhi: Neeraj Akhoury has resigned as Managing Director & Chief Executive Officer (MD&CEO) of ACC Ltd with effect from 20 February. However, Akhou...
IRB Infrastructure Developers Ltd’s Profit After Tax Drops 27% For Q3FY20
New Delhi: IRB Infrastructure Developers Ltd’s consolidated profit after tax dropped 27 percent to Rs 159.73 crore for the third quarter of the curren...
Reliance Infrastructure’s Net Profit Rises 18% For Q3FY20
New Delhi: Reliance Infrastructure’s consolidated net profit has gone up by 18 percent to Rs 345.51 crore for the third quarter of the current fiscal...
Shree Cement Ltd’s Net Profit Drops To Rs 312 Cr For Q3FY20
New Delhi: Shree Cement Ltd’s consolidated net profit dropped to Rs 311.83 crore for the third quarter of the current fiscal as compared to Rs 329.83...
FASTags Will Be Given From 15-29 Feb By NHAI
New Delhi: FASTags will be available free again for about 15 days from 15-29 February at the NAHI’s toll plazas across the country. The NHAI has take...
Noida Toll Bridge Co. Ltd’s Net Loss Widens To Rs 7.22 Cr For Q3FY20
New Delhi: Noida Toll Bridge Co. Ltd’s consolidated net loss widened to Rs 7.22 crore for the third quarter of the current fiscal as compared to Rs 6....
Orient Refractories Ltd’s Net Profit At Rs 19.76 Cr For Q3FY20
New Delhi: Orient Refractories Ltd’s consolidated net profit went down marginally to Rs 19.76 crore for the third quarter of the current fiscal as com...
Greenply Industries Ltd’s Net Profit At Rs 21 Cr For Q3FY20
New Delhi: Greenply Industries Ltd’s consolidated net profit improved marginally to Rs 21.32 crore for the third quarter of the current fiscal as comp...
Ongoing Infra Projects In Mumbai Will Unlock Development Potential Of 136 MSF: Knight Frank
New Delhi: The undergoing infrastructure projects in Mumbai will unlock development potential of 136 million square feet, according to property consul...
Kajaria Ceramics Ltd’s Net Profit Drops 5% In Q3FY20
New Delhi: Kajaria Ceramics Ltd’s consolidated net profit dropped 5 percent to Rs Rs 61.54 crore for the third quarter of the current fiscal as compar...
L&T Bags 'Large' Orders In Philippines, Middle East Apart From Gujarta And UP
New Delhi: Infrastructure player Larsen & Toubro has won ‘large’ orders from domestic and global clients. The order has been bagged by the power tran...
Somany Ceramics Ltd’s Net Profit Jumps 20% For Q3FY20
New Delhi: Somany Ceramics Ltd’s consolidated net profit jumped about 20 percent at Rs 12.52 crore for the third quarter of the current fiscal as comp...
Capacite Infraprojects Ltd’s Net Profit At 23 Cr For Q3FY20
New Delhi: Capacite Infraprojects Ltd’s consolidated net profit remained almost flat at Rs 23.38 crore for the third quarter of the current fiscal as...
J K Cement’s Net Profit Jumps More Than Two-fold To Rs 138 Cr For Q3FY20
New Delhi: J K Cement’s net profit jumped more than two-fold to Rs 137.5 crore for the third quarter of the ongoing fiscal as compared to Rs 60.90 cro...
India Cements Ltd’s Net Loss Widens To Rs 8.79 Cr For Q3FY20
New Delhi: India Cements Ltd’s consolidated net loss increased to Rs 8.79 crore for the third quarter of the ongoing fiscal as compared to Rs 4.32 cro...
L&T Inks pact With ideaForge For Drones For Defense Use
New Delhi: Larsen & Toubro (L&T) has joined hands with drone maker ideaForge to supply drones and the allied systems for defence use. ideaForge is...
Tata Steel Registers Net Loss Of Rs 1,229 Cr For Q3FY20
New Delhi: Tata Steel registered a consolidated net loss of Rs 1,228.53 crore for the third quarter of the current fiscal. It has clocked a net profit...
ACC Ltd's Net Profit Rises 18% For Q4FY20
New Delhi: ACC Ltd today reported 18 percent rise in consolidated net profit at Rs 273 crore for the fourth quarter ended 31 December 2019 as compared...
Nirma Grp To Acquire Emami Cement For Rs 5,500 Cr
New Delhi: Nirma Group today said it will acquire Emami Cement Ltd (ECL) for a total enterprise value of Rs 5,500 crore. ECL has one integrated cemen...
Govt Approves Setting Up Of Major Port In Maharashtra
New Delhi: Government today decided to set up a major port at Vadhavan near Dahanu in Maharashtra which is expected to cost Rs 65,544 crore. The Unio...
Berger Paints Net Profit Rises 37% In Net Profit For Q3FY20
New Delhi: Berger Paints India today reported a 37 percent in its consolidated net profit to Rs 181.85 crore for the third quarter of the current fisc...
Cera Sanitaryware Ltd’s Net Profit At Rs 28 Cr For Q3FY20
New Delhi: Cera Sanitaryware Ltd’s consolidated net profit increased marginally to Rs 28.29 crore for the third quarter of the current fiscal as compa...
L&T Bags Large Contract In UAE
New Delhi: Infrastructure player Larsen & Toubro (L&T) has won a ‘large’ contract from Etihad Rail Company PJSC. The contract involves designing and b...
Anil Ambani's Sons Resign From Reliance Infra
New Delhi: Barely months after Reliance Infrastructure inducted Anil Ambani's sons- Anmol and Anshul into the board of directors, the two have have re...
HSIL’s Net Profit Drops 38% For Q3FY20
New Delhi: Sanitary ware maker HSIL’s net profit dropped 38 percent to Rs 15.70 crore in the third quarter of the current fiscal as compared to Rs 25....
Century Plyboards’s Net Profit Nosedives 99% For Q3FY20
New Delhi: Century Plyboards Ltd’s consolidated net profit nosedived 99 percent to Rs 0.37 crore in the third quarter of the current fiscal as compare...
Somany Ceramics To Hold Board Meeting On 10th February
New Delhi: Somany Ceramics Ltd will hold its Board Meeting on 10th February to approve the results of December quarter, the company said in a regulato...
Kamdhenu Suffers Net Loss Of Rs 13 Cr In Q3FY20
New Delhi: TMT bars maker Kamdhenu’s net loss of Rs 13.03 crore in the third quarter of the current fiscal where as it had registered a net profit of...
Govt To Start Chennai-Bengaluru Expressway Soon
New Delhi: Construction of Chennai-Bengaluru Expressway will be started by the government soon, said Finance Minister Nirmala Sitharaman today. As par...
FM Announces 100 New Airports, Monetization OF 12 Highway Bundles, Listing Of One Port & 5 New Smart Cities
New Delhi: Government will focus on ‘Accelerated Development of Highways’ and start Chennai-Bengaluru expressway soon. It also intends to start 100 ne...
Simplex Projects Ltd’s Net Profit Increases To Rs 1.30 Cr For Q3FY20
New Delhi: Simplex Projects Ltd’s consolidated net profit increased to Rs 1.30 crore for the third quarter of the current fiscal as against Rs 1.13 cr...
Archidply Industries Ltd's Net Profit Jumps 10% For Q3FY20
New Delhi: Archidply Industries Ltd today reported a 10 percent jump in net profit at Rs 1.90 crore for the third quarter of the current fiscal as co...
Orient Bells Ltd’s Net Profit Drops 68% For Q3FY20
New Delhi: Tile maker Orient Bells Ltd’s consolidated net profit shrunk 68 percent to Rs 0.44 crore for the third quarter of the current fiscal as com...
Govt To Come Out With A New Transport Policy
New Delhi: The government will introduce a new transport policy, Minister for Road Transport & Highways and MSMEs Nitin Gadkari said today. While spe...
L&T Bags Rs 2,500-5,000 Cr Order In Madhya Pradesh
New Delhi: Infrastructure player Larsen & Toubro (L&T) has won a "large" contract from Narmada Valley Development Authority for executing a micro-irri...
Birla Corporation’s Net Profit Jumps Three-fold For Q3FY20
New Delhi: Cement products maker Birla Corporation’s consolidated net profit jumped three-fold at Rs 81.49 crore for the third quarter of the ongoing...
Orient Cement’s Net Loss At Rs 5.67 Cr For Q3FY20
New Delhi: Orient Cement’s net loss went down to Rs 5.67 crore for the third quarter of the current fiscal as compared to Rs 13.70 crore in the corres...
Govt Plans 2,000 Fuel Stations On Delhi Mumbai Expressway
New Delhi: The government is planning to give land for 2,000 fuel stations on the Delhi-Mumbai expressway. While speaking on in an event organized by...
JK Lakshmi Cement's Net Profit More Than Trebles For Q3FY20
New Delhi: JK Lakshmi Cement’s net profit jumped more than three times at Rs 49.31 crore for the third quarter of the current fiscal as compared to Rs...
JSW Steel's Net Profit Nosedives 88% For Q3FY20
New Delhi: The consolidated net profit of JSW Steel nosedived by a whopping 88 percent at Rs 187 crore for the third quarter of the current fiscal as...
Ministry Of Road Transport Launches Portal For Concessionaires
New Delhi: Ministry of Road Transport and Highways has started Web Portal ‘GATI’ to help answer the queries of the concessionaires of the highways pro...
3rd Apex Conference of the Smart Cities To Be Held On 24-25 Jan
New Delhi: In an attempt to give some push to the Smart Cities programme of the government, the 3rd Apex Conference of the Smart Cities will be held o...
Asian Paints’ Net Profit Jumps 20% For Q3FY20
New Delhi: Asian Paints’ consolidated net profit jumped 20 percent at Rs 764.43 crore for the third quarter of the current fiscal as against Rs 635.83...
L&T's Net Profit Jumps 15.2% For Q3FY20
New Delhi: Infrastructure player Larsen & Toubro (L&T) has registered a 15.2 percent jump in net profit at Rs 2,352 crore for the third quarter of the...
NBCC Bags Rs 720 Cr Order From Central Coalfield Ltd
New Delhi: State run NBCC India Ltd has bagged an order worth Rs 720 crore from Central Coalfield Limited (CCL) . NBCC will provide a Project Managem...
Havells India’s Net Profit Increases 2.81% For Q3FY20
New Delhi: Havells India’s consolidated net profit increased 2.81 percent at Rs 201.22 crore for the third quarter of the ongoing fiscal as compared t...
CCI Approves Subscription Of Units Of Tower Infrastructure Trust By A Host Of Companies
New Delhi: The Competition Commission of India (CCI) has approved the subscription of units of Tower Infrastructure Trust (‘InvIT’) by BIF IV Jarvis I...
Jindal Steel & Power Ltd's Consolidated Net Loss More Than Doubles
New Delhi: Jindal Steel and Power Ltd (JSPL) consolidated net loss more than doubled at Rs 219 crore for the third quarter of the ongoing fiscal again...
Contract Awarded For Z-Morh Tunnel In J&K
New Delhi: A concession agreement has been signed today for construction of 6.5 kilometer Z-Morh tunnel in Jammu & Kashmir. The project has been award...
NHAI Plans To Invest Rs 3.1 lakh Cr To Construct 22 New Expressways To Decongest Metros
New Delhi: The National Highways Authority of India (NHAI) plans to invest Rs 3.1 lakh crore to construct 22 new (Greenfield) expressways with a view...
Get Info On Balance In Your FASTag Through Missed Call
New Delhi: Do have a FASTag but do not know the balance left in the account? Now you can get information about balance through a missed call. FASTag...
CCI Orders Probe Against Asian Paints On Plaint By JSW Paints
New Delhi: A probe has been ordered against Asian Paints by the Competition Commission of India (CCI) to see whether the company had hindered the oper...
L&T Bags Order Worth Rs 2,500-5,000 Cr From Various Indian States
New Delhi: Larsen & Toubro’s construction arm has won ‘large’ contracts worth between Rs 2,500-5,000 crore from various Indian states for different bu...
FATSag Rules Relaxed On 65 Toll Plazas
New Delhi: Rules regarding payment of toll on national highways have been relaxed on 65 plazes in the country for 30 days beginning today. These 65 p...
Union Bank, Bank of Baroda Reduce Lending Rates
New Delhi: Union Bank of India and Bank of Baroda have slashed marginal cost of funds based lending rate (MCLR) by 5-10 basis points. Union Bank has l...
Govt's Award Work For Construction Of National Highways Slowing
New Delhi: Government’s award work for construction of national highways is slowing with just 5,493 kilometers awarded in 2018-19 fiscal. About 3,211...
30 lakh Homes Constructed In 2019-20 Under PMAY-U
New Delhi: Around 30 lakh houses have been constructed in 2019-20 fiscal so far by the government under the Pradhan Mantri Awas Yojna-Urban (PMAY-U)....
Vascon Engineers’s JV Firm Sells Pune Land For Rs 170 Cr
New Delhi: Infrastructure player Vascon Engineers’s joint venture company has sold an 8 acre land piece to Singapore-based real estate firm Mapletreee...
ICRA Assigns Stable Outlook For Construction Sector
New Delhi: Ratings agency ICRA has accorded stable outlook for the construction sector in the country in its year-end assessment of the sector. The c...
Hiranandani Group, Blackstone To Invest Rs 2,500 Cr For Logistics, Warehousing
New Delhi: Realty player Hiranandani Group’s subsidiary GreenBase has formed a 50:50 joint venture with Blackstone Investments Group for development o...
L&T Technology Services Bags Multi Million Dollar Order In Germany
New Delhi: L&T Technology Services it has received a multi million dollar engineering, procurement and construction management project in Germany. "L...
IPO Of Prince Pipes and Fittings Subscribed 74% On Day 2
New Delhi: The initial public offering (IPO) of Prince Pipes and Fittings has been subscribed to the extent of 74 percent on the second day of bidding...
IPO Of Prince Pipes and Fittings Subscribed 28% On Day 1
New Delhi: The initial public offering (IPO) of Prince Pipes and Fittings has been subscribed to the extent of 28 percent on its first day of bidding...
MKS Ventures To Invest Rs 400 Cr To Develop A Socio Cultural Centre In Delhi
New Delhi: Realty player MKS Ventures will invest Rs 400 crore in the next 3.5 years for a Socio Cultural Centre in Delhi in association with Delhi De...
Air Taxi Market To Grow 46% CAGR Between 2022-2040: Frost & Sullivan
New Delhi: The air taxi market is expected to grow at a rapid pace registering an annual growth of 45.9 percent between 2022 and 2040. The market is e...
L&T Bags Order Worth Rs 1,000-2,500 Cr From Rail Vikas Nigam Ltd
New Delhi: Infrastructure major Larsen & Toubro (L&T) has bagged an order worth Rs 1,000-2,500 crore from Rail Vikas Nigam Limited (RVNL). The order...
NHAI Auhtorised To Set Up InvIT
New Delhi: The government has approved the proposal of Ministry of Road Transport and Highways to let National Highways Authority of India (NHAI) set...
Additional Equity Support To IIFCL Now
New Delhi: The government has approved proposal for giving additional equity support to India Infrastructure Finance Company Ltd (IIFCL) to the extent...
Govt Invites Bids For 4 Airports in Andaman, Lakshadweep
New Delhi: The government has invited bids for 3 unserved airports in Andmanan and Nicobar islands and one underserved airport in Lakshadweep under th...
NBCC Bags Rs 621 Cr Order For Construction Of Rajaswa Bhawan
New Delhi: State-run NBCC (India) Ltd has bagged an order worth Rs 621 crore Ministry of Finance. The company has received order for construction for...
Govt Invites Bids For 30 Airports In North East
New Delhi: The government has invited bids for development of six underserved and another 24 unserved airports or airstrips in the North-East states o...
101.29 MT Steel Produced In 2018-19
New Delhi: The total steel production in the country during 2018-19 fiscal was 101.29 million tonnes while the consumption was 98.71 million tonnes....
Asian Development Bank Gives USD 206 Mn Loan For Tamil Nadu Cities
New Delhi: Asian Development Bank (ADB) has given a USD 206 million loan to India for the development of sewerage and water supply infrastructure in 5...
Govt Postpones Plan To Make FASTag Compulsory To 15 Dec
New Delhi: Government has postponed the compulsory implementation of FASTags on toll plazas of National Highway from 1st December to 15th December. I...
Cabinet Committee on Economic Affairs Approves Increase In Authorized Capital Of FCI
New Delhi: The Cabinet Committee on Economic Affairs has approved the increase of the authorized capital of Food Corporation of India (FCI) from the c...
Govt Gives AAI's Land For Lounge At Tirupati Airport For VIPs
New Delhi: For construction of a Ceremonial Lounge at Tirupati Airport, the Union Cabinet today approved allotment of 1,800 sq mtr of Airports Authori...
Ashoka Concessions Ltd Bags Rs 1,000 Cr Road Project
New Delhi: Infra player Ashoka Buildcon’s subsidiary Ashoka Concessions Ltd (ACL) has bagged Rs 1,000 crore order from NHAI to build a highway in Tela...
Govt Collected Rs 2.69 Lakh Cr As Cess Under Central Road and Infrastructure Fund In 3 Yrs
New Delhi: Government has collected Rs 2.69 lakh crore as cess under Central Road and Infrastructure Fund (CRIF) and Central Road Fund (CRF) in the la...
Almost All Lanes Of Toll Plazes Across The Country To Become ‘FASTag Lanes’ From December 1, NHAI To Distribute Free Fastags
New Delhi: With a view to decongest toll plazas on highways across the country, the government is planning to declare all lanes of National Highway fe...
Govt To Focus On Hybrid Annuity Model For Road Construction; Rs 10K Cr Worth Of Highways Projects Approved In Current Fiscal
New Delhi: To “revive” private sector participation in the road construction sector, government will now be laying special emphasis on hybrid annuity...
Bengaluru-Mysore Economic Corridor Costing Rs 7,400 Cr To Be Completed By Feb 2021
New Delhi: The Rs 7,400 crore project of constructing “Economic Corridor” between Bengaluru and Mysore will be completed by February 2021, the Ministr...
NBCC Bags Order Worth Rs 500 Cr For National Museum of Natural History
New Delhi: NBCC (India) Ltd has bagged the Ministry of Environment, Forest and Climate order worth Rs 500 crore for providing Principle Project Consul...
Significant Jump In Hybrid Annuity Model Of Road Construction: CRISIL
New Delhi: Hybrid annuity model (HAM) of accounted for 25 percent of the completed road construction projects and about half of those awarded in fina...
NBCC Sings MoU With Andhra Govt
New Delhi: State run NBCC India Ltd has inked an MoU with the government of Andhra Pradesh under which it will assist the state government in monetiza...
Sadbhav Engineering Ltd's Net Profit Down 33% For Q2FY20
New Delhi: Sadbhav Engineering’s net profit dropped 33 percent at Rs 25.85 crore for the second quarter of the current fiscal as against Rs 38.29 cror...
UltraTech Cement To Sell Entire Stake in Bangladesh-based Subsidiaries
New Delhi: UltraTech Cement Ltd is selling its entire stake in Bangladesh-based Emirates Cement Bangladesh Ltd (ECBL) and Emirates Power Company Ltd (...
India Cements Net Profit At Rs 5.07 Cr For Q2FY20
New Delhi: India Cements consolidated net profit for the second quarter of the current fiscal stood at Rs 5.07 crore as compared a net loss of Rs 5.03...
Century Plyboards's Net Profit More Than Doubles At Rs 48.72 For Q2FY20
New Delhi: Century Plyboards India Ltd’s consolidated net profit more than doubled to Rs 48.72 crore for the second quarter of the current financial y...
Greenply Industries Ltd's Net Profit Grows 50% For Q2FY20
New Delhi: Greenply Industries Ltd’s consolidated net profit jumped 50 percent to Rs 26.41 crore for the second quarter of the current financial year...
Akzo Nobel India's Net Profit Jumps 34% For Q2FY20
New Delhi: Paint manufacturer Akzo Nobel India’s net profit jumped 34 percent for the second quarter of the current at Rs 49.26 crore as compared to R...
Somany Ceramics's Net Profit Jumps 61% At Rs 8.84 Cr in Q2FY20
New Delhi: Somany Ceramics’s net profit jumped 61 percent at Rs 8.84 core in the second quarter of the current financial year 2019-20 as against Rs 5....
Revenue Growth Of Road Construction Companies Likely To Drop By Half: CRISIL
New Delhi: Road making companies in the EPC (engineering, procurement and construction) business may see their revenue growth go down to almost half i...
JK Lakshmi Cement's Net Profit At Rs 50 Cr for Q2FY20
New Delhi: The net profit of Delhi-based JK Lakshmi Cement stood at Rs 49.72 crore in the second quarter of current fiscal 2019-20 as against a loss o...
India Ratings Maintains Stable Outlook For Construction Companies
New Delhi: A majority of the construction companies in the country are expected to have healthy revenue growth because of which India Ratings and Rese...
Sukhbir Singh Sandhu Appointed New Chairman OF NHAI
New Delhi: The Appointments Committee of the Cabinet has appointed Sukhbir Singh Sandhu as the new Chairman of the National Highway Authority of India...
L&T Net Profit Up 13 % At Rs 2,527 Cr For Q2FY20
New Delhi: Engineering and infrastructure major Larsen & Toubro (L&T) has reported 13 percent increase in its consolidated net profit at Rs 2,527 cror...
UltraTech Cement To Invest Rs 940 Cr To Increase Production
New Delhi: UltraTech Cement Ltd is planning to invest Rs 940 crore to augment its production of superior grade cement in order to strengthen its posi...
Orient Cement Net Loss At Rs 7.70 Cr For Q2FY20
New Delhi: The net loss of Orient Cement stood at Rs Rs 7.70 crore for the second quarter of the current fiscal as compared to a net loss of Rs 16.74...
Prestige To Invest Rs 355 Cr To Form JV With D B Grp For Delhi Project
New Delhi: Realty player Prestige Estates Projects Ltd is forming a joint venture (JV) with D B Group by investing Rs 355 crore for constructing a Ho...
Cement Prices Increase By 2.7%: ICRA
New Delhi: Domestic cement prices increased mere 2.7 percent in the first four months of the current fiscal as compared to a hefty 15 percent jump in...
NBCC Bags Order Worth Rs 400 Cr From Ministry of Youth Affairs & Sports
New Delhi: State-run company NBCC Ltd has bagged an order worth Rs 400 crore from Ministry of Youth Affairs & Sports for providing consultancy service...
EBITDA Of Steel Companies Shrink Sharply In Q1FY20: CRISIL
New Delhi: Steel prices have come down about 10 percent in the country From Rs 42,000 per tonne to Rs 38,000 per tonne in the eight month period from...
Govt To Come Up With National Logistics Policy Soon To Reign In Transportation Costs For Industry: Piyush Goyal
New Delhi: With an aim to reign in trade costs and bring the logistics cost to under 10 percent for businesses in the country, the government is plann...
About 41% Indians To Live In Urban Centres By 2030: CBRE-CII
New Delhi: There will be a significant increase in India’s urban population which will touch about 60 crore by 2030 representing around 41 percent of...
NBCC Bags Rs 390 Cr Order From Utkal University
New Delhi: Pubic sector undertaking NBCC (India) Ltd has bagged an order worth Rs 390 crore from Utkal University, Bhubaneswar for construction of var...
J Kumar Infraprojects bags Rs 1,998 Cr Order For Mumbai Metro Rail Project
New Delhi: Mumbai-based J Kumar Infraprojects has bagged Rs 1,998 crore Mumbai Metro Rail Project which entails a number of different works like desig...
Hiranandani Group To Set-up Wind Turbine Park and Warehousing Space For Vestas India
New Delhi: Hiranandani Group company GreenBase will set up a Wind Turbine Park and Warehousing space for wind turbine manufacturing multinational firm...
NBCC Bags Project Management Consultancy Work Worth Rs 421 Cr
New Delhi: Public Sector Undertaking NBCC (India) Ltd has bagged Project Management Consultancy work worth Rs 421 crore from Indian Institute of Manag...
Govt Sets Up Task Force To Identify Infra Projects For Its Rs 100 Lakh Cr Plan For The Sector
New Delhi: The government today announced setting up of task force that will identify infrastructure projects that can be started in the current fisca...
Capacit'e Infraprojects Ltd Bags Order Worth Rs 4,502 Cr
New Delhi: Construction company Capacit'e Infraprojects Ltd has bagged an order worth Rs 4,502 crore from City & Industrial Development Corporation of...
NHAI Likely To Set Up INvIT By Year End
New Delhi: The National Highways Authority of India (NHAI) is expected to set up an Infrastructure Investment Trust towards the end of the current yea...
Cement Demand Growth To Halve, Profit Margin To Hit 6-Year High In FY20: CRISIL
New Delhi: The growth in cement demand is likely to be just 5-5.5 percent this fiscal, sharply down from 12 percent in fiscal 2019 but the profit marg...
Ceramic Tiles Industry To Log In Double Growth Rate: CRISIL
New Delhi: The ceramic tiles industry will double its growth rate at 8 percent in the current and next financials years due to increased domestic and...
B L Kashyap Bags Orders Of Rs 461 Cr
New Delhi: Construction and engineering firm B L Kashyap & Sons Ltd has bagged orders worth Rs 460.53 crore in Bengaluru and Trivandrum. These project...
Shree Cement Ltd's Net Profit Jumps To Rs 382 Cr For Q1FY20
New Delhi: Shree Cement Ltd’s consolidated net profit increased to Rs 382.28 crore for the first quarter ended June as against Rs 279.36 crore in the...
Greenply Industries Ltd's Net Profit Zooms 3 Fold To Rs 22 Cr For Q1FY20
New Delhi: Greenply Industries Ltd’s consolidated net profit trebled to Rs 21.7 crore for the first quarter ended June 2019 as compared to Rs 6.76 cro...
Sadbhav Engineering Ltd's Net Profit Down At Rs 39 Cr For Q1FY20
New Delhi: Sadbhav Engineering Ltd’s net profit went to Rs 39.46 crore for the first quarter ended June 2019 as compared to Rs 63.41 crore in the corr...
The India Cements Ltd Reappoints Independent Director
New Delhi: The India Cements Ltd has reappointed V Ranganathan as a non-executive independent director for a second and final term of two years from 2...
The India Cements Ltd's Net Profit Jumps More Than 10 Times At Rs 69 Cr For Q1FY20
New Delhi: The India Cements Ltd’s consolidated net profitjumped more than 10 times at Rs 68.98 crore for the first quarter ended June 2019 as compare...
JK Lakshmi Cement's Net Profit Jumps More Than 15 Times At Rs 54 Cr for Q1FY20
New Delhi: JK Lakshmi Cement Ltd’s consolidated net profit jumped more than 15 times at Rs 53.75 crore for the first quarter ended June 2019 as compar...
Uniply Decor Ltd's MD Resigns
New Delhi: The Managing Direcor of Uniply Decor Ltd Srinivasan Sethuraman has resigned with effect from 14th August. The company has appointed Nazeer...
Uniply Decor Ltd's Net Profit Drops To Rs 0.91 Cr For Q1FY20
New Delhi: Uniply Décor Ltd’s net profit fell to Rs 0.91crore for the first quarter ended June 2019 as compared to Rs 3.02 crore in the corresponding...
Archidply's Net Profit Drops To Rs 0.41 Cr For Q1FY20
New Delhi: Archidply Industries Ltd’s net profit dropped to Rs 0.41 crore for the first quarter ended June 2019 as compared to Rs 1.31 crore in the sa...
GMR Infrastructure's Net Loss Widens To Rs 335 Cr For Q1FY20
New Delhi: GMR Infrastructure’s consolidated net loss widened to Rs 334.85 crore for the first quarter ended June 2019 as compared to Rs 237.63 crore...
L&T Proposes Issuance Of NCDs of Rs 1,400 Cr
New Delhi: Infrastructure major Larsen & Toubro proposes to issue rated, listed, unsecured, redeemable non-convertible debentures totaling up to Rs 14...
Ahluwalia Contracts Ltd Gets Orders Worth Rs 430 Cr In Q1FY20
New Delhi: Ahluwalia Contracts (India) Ltd has secured order to the tune of Rs 430 crore in the first quarter of the current financial year, according...
Reliance Infrastructure's Net Profit Jumps 20 % At Rs 299 Cr For Q1FY20
New Delhi: Reliance Infrastructure’s consolidated net profit jumped 20 percent at Rs 299.15 crore for the first quarter ended June 2019 as compared to...
HIL Ltd Net Profit Down 22% At Rs 40.63 Cr for June 2019 Quarter
New Delhi: Building and construction material maker HIL Ltd’s consolidated net profit went down declined 22 percent to Rs 40.63 crore in the quarter e...
Shalimar Paints Narrows Net Loss At Rs 5.35 Cr For Q1FY20
New Delhi: Shalimar Paints has narrowed its consolidated net loss at Rs 5.35 crore for the first quarter ended June 2019 as compared to net loss of Rs...
Piramal Capital & Housing Finance Plans Expansion In New Cities
New Delhi: Amid reports of credit squeeze by NBFCs, Piramal Capital & Housing Finance Limited (PCHFL) is planning expansion and plans begin operations...
Jindal Saw Net Profit At Rs 109 Cr For Q1FY20
New Delhi: Jindal Saw reported a consolidated net profit of Rs 109.44 crore in the first quarter ended June 2019 of the current financial year as comp...
PE Investment In Indian Hospitality Real Estate More Than Trebles: Cushman & Wakefield
New Delhi: Private Equity (PE) investment in hospitality segment of Indian real estate market more than trebled in the first half (H1) of the current...
Adani Ports & SEZ Ltd Records 46% jump in Net Profot For Q1FY20
New Delhi: Adani Ports & Specail Economic Zone Ltd recorded 46 percent jump in consolidated net profit at Rs 1017.74 crore for the first quarter ended...
HCC's Net Loss Narrows Down To Rs 17 Cr For Q1FY2020
New Delhi: The consolidated net loss of Hindustan Construction Company (HCC) narrowed to Rs 17.44 crore in the quarter ended June 2019 as compared to...
Funding BY NBFCs To Realty Down By 73% In First Half OF 2019: ANAROCK
New Delhi: Funding to the real estate by Non Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) declined by a whopping 73 percen...
Foreign Funds Pour 16.7 Billion USD In Indian Realty Mart
New Delhi: Foreign funds are sharpening their focus on Indian real estate market and have poured more than 16.7 billion USD since 2015, according to a...
Three Tech-based Realty Startups To Be Mentored By NASSCOM, CBRE
New Delhi: Three startups offering tech-based solutions for real estate industry will be mentored and supported by IT industry body Nasscom and proper...
IRB InvlT Fund Declares First Distribution Of Rs 3 Per Unit
New Delhi: IRB InvlT Fund has declared first distribution of Rs 3 per unit for the financial year 2019-20. The distribution will be paid as Rs 2 per u...
Connectivity, Infrastructural Upgradation Driving Thane’s Home Market
Connectivity, Infrastructural Upgradation Driving Thane’s Home Market ---By Girish Shah, Executive Director-Residential Sales, Knight Frank India ...
JSW Steel Net Profit Down 56% in Q1FY20
New Delhi: JSW Steel has recorded a 56.4 percent decline in net profit at Rs 1,028 crore on consolidated basis for the quarter ended June 2019 as comp...
Ambuja Cement Net Profit Up 15%
New Delhi: Ambuja Cement has recorder 15 percent growth in standalone net profit at Rs 412 crore for second quarter ended June 2019, as compared to Rs...
L&T Net Profit Up 20% for June Quarter
New Delhi: Infrastructure major Larsen & Toubro recorded a 20.46 percent jump in consolidated net profit at Rs 1,360.5 crore for the June quarter of 2...
ACC Ltd's Net Profit Jumps 39 Percent
New Delhi: Cement maker ACC Ltd’s consolidated net profit jumped 38.62 percent to Rs 455.64 crore in the second quarter ended June 2019 as compared to...
Hiranandani Group Forays Into Data Centre Parks
New Delhi: Real estate major Hiranandani Group has set up YOTTA’ Infrastructure to foray into Data Centre Parks. YOTTA ‘will be a managed Data Centre...