Page 6 - Construction Firms

Tata Realty logs 120% of FY21 sales target in residential segment

Of its 17 residential projects, 13 exceeded their sales targets in FY21

$3.5-bn govt fund for finishing stalled housing projects begins to pay off

The 'Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects' (SWAMIH) fund was announced in November 2019

Realty firms may witness margin shrink by 4-6% due to steel price rise

Surge in prices of steel products that are used in the construction sector has an adverse impact on the real estate companies

Larsen & Toubro lowest bidder for Rishikesh-Karnaprayag railway project

The Heavy Civil Infrastructure business of L&T Construction has emerged as the lowest bidder for a Package 4 of new broad-gauge line between Rishikesh and Karnaprayag, sources privy to the development said.

Jain Housing raises Rs 175 crore from Apollo Global and Nippon Life

The company, which has been in constructing residential apartments and complexes for over 33 years, will use the proceeds to reduce its debts

KfW IPEX-Bank offers loan of 10 mn euros to Srei Equipment Finance

The borrower, SEFL, was set up in 2008 to pool orders from individual Indian construction companies and make the newly ordered machines available to the respective users.

Construction firms turn to apps in search of labour amid Covid-19 crisis

Many firms are now hiring local labour.

It's back to business for industry, but not quite 'business as usual' yet

From high-end cars and mobiles to steel and cement, demand is rising

Real estate firms paying up to 15% interest rate on loans amid slowdown

"Construction finance has become difficult even for good companies. Even public sector banks are charging at 13.5 per cent," said Mayur Shah, managing director of Marathon Realty.

Budget 2020: Ambitious infrastructure agenda to boost construction

The domestic financial sector, including banks, will have a crucial role in financing the envisaged capex

Top realtors in talks with Graphite India to acquire Bengaluru land

Deal size expected to be in the Rs 2,000-25,000 crore range

Sweeteners in build-operate-transfer scheme to attract foreign investors

Such an amendment is being considered to attract international participation in the sector

Mid-sized construction firms to see growth as credit profile improves: Icra

Gradual improvement in the credit profile of construction companies, particularly the mid-size segment is visible, many of which are graduating from sub-contractors to main contractors

Capital goods, construction firms see 69% jump in new orders in FY18

At Rs 2.80 trillion, companies chart recovery from a poor FY17

Construction firms' growth hinges on execution

Construction sector companies have continued to see strong traction in their order inflow. Recently, a HCC-URC construction joint venture was awarded a Rs 798 crore Bangalore Metro Rail contract. The strong order flow from metro rail projects is improving the outlook for companies such as Larsen & Toubro, J Kumar Infra (JKIL), Simplex Infrastructure and HCC.Also, the government's focus in recent years has translated to more orders in roads and urban infrastructure for most companies in the engineering and construction space. Dilip Buildcon, IRB Infra, PNC Infratech, KNR Infra and many others are well placed in terms of order book.Analysts at Credit Suisse say order inflow continues to rise and are now twice that of the FY13-15 average. It was Rs 29,400 crore in FY15 and was Rs 60,000 crore in FY17. Investment in infrastructure is expected to grow 10 per cent annually in FY15-18, after stagnating during FY12-15.This momentum has led to a higher book-to-bill but not revenue ...

The next-generation construction firms

A number of relatively smaller players, based in Tier-II cities are on the cusp of emerging as the next generation of construction companies