Page 2 - Construction Industry

Construction growth in Assam created large-scale job opportunities: Sarma

Ongoing construction activities across Assam have created large-scale employment opportunities in the state, Chief Minister Himanta Biswa Sarma said. He also said that youths, in search of employment, were migrating to other states owing to lack of requisite skills, and taking up low-paying jobs there. The chief minister was speaking at the inauguration of a skill training centre at Gogamukh in Dhemaji district on Wednesday. He stressed on the need for the state's youths to get trained in new-age and modern technical work, so that they can equip themselves for remunerative job opportunities available across the country as well as abroad. The Assam government has joined hands with Larsen and Toubro (L&T) to set up the centre with the objective of enhancing the skills of registered construction workers, aligning trained resources in the construction industry, and connecting trainees with future skills and modern technology. Sarma also appealed to the youths to get themselves trained

New BOT rules: Govt looks to ease traffic density, termination risks

Privatised highway construction model has been a flop, prompting reforms

Many new technologies used in construction of longest sea bridge Atal Setu

Prime Minister Narendra Modi will visit Maharashtra today and unveil projects worth over Rs 30,500 crore in the state

Results preview: Yet another healthy showing likely for capital goods in Q3

Brokerages - Motilal Oswal, Nuvama, Kotak Institutional Equities and Prabhudas Lilladher - estimated revenue growth for their capital goods universe to be 11-16 per cent year-on-year

Israel to recruit thousands of Indian construction workers to fill shortage

A team of "selectors" from Israel visited India last week and another senior delegation will leave for India next week to start the process of recruiting thousands of workers to be brought to the country to fill in the acute shortage faced by its construction industry, a senior executive at the Israel Builders Association said on Wednesday. "We will start the process in Delhi and Chennai next week on December 27. At the moment we are looking to bring in 10,000 as per government approvals and this will scale up to 30,000 in the near future depending on how it goes. It is an ongoing exercise and will take months," Deputy Director General and Spokesperson for the Israel Builders Association (IBA), Shay Pauzner, told PTI. "The selection starting next week will last 10-15 days," Pauzner said. A delegation led by Izchak Gurvitz, who heads the IBA's division dealing with workers' issues and the selection team, was in India last week and would be joining CEO Igal Slovik again next week with

State-owned NBCC bags Rs 1,500 cr project management consultancy contract

State-owned NBCC has bagged a Rs 1,500 crore project management consultancy contract for construction of 1,469 warehouses and other infrastructure related to the agriculture sector. In a regulatory filing, NBCC said it has bagged the work order from National Cooperative Development Corporation (NCDC) and Primary Agriculture Cooperative Society (PACS) in various states. The cope of work is "construction of 1,469 nos. warehouses and other agri infrastructure under the World's Largest Grain Storage Plan in cooperative sector at various locations across India", it said. In may this year, the Union Cabinet approved the constitution and empowerment of an inter-ministerial committee for facilitation of the "World's Largest Grain Storage Plan in Cooperative Sector" by convergence of various schemes of the Ministry of Agriculture, Ministry of Consumer Affairs, Food and Public Distribution and Ministry of Food Processing Industries.

India's construction sector levels up as housing demand spurs economy

The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed

Germany-based Fischer aims to treble India catch in next 5-7 years

In the last three years, its India business had clocked a compound annual growth rate (CAGR) of nearly 41 per cent, nearly trebling its business size to over Rs 200 crore

Fischer Group looks to triple turnover in India to Rs 600 cr in 5-7 years

Germany's fischer Group, a major player in fixing systems for the construction industry, plans to treble its turnover in India in the next 5-7 years, tapping the fast growth of the sector in the country, top company officials said on Thursday. The group, which clocked a turnover of around Rs 200 crore last year, will be focussing on infrastructure projects, along with sectors such as energy, industry, and oil and gas, to accelerate its growth in India. "India is one of the most important countries for fischer Group. India is investing and India is growing... we are working on some of the most important construction projects...," fischerwerke GmbH & Co KG Managing Director Business Units & Engineering Oliver Geibig said here in an interaction. The group has five divisions -- fixing systems, automotive, fischertechnik, consulting and electronic solutions. Geibig said the group's focus in the mid-term on India will be on fixing systems for the construction industry. Elaborating ..

Construction equipment sector revenue likely to grow 14-15% in FY24: CRISIL

The revenue for the domestic construction equipment sector is expected to grow by 1415 per cent in FY24 on the back of the government's focus on infrastructure, Crisil Ratings said on Friday. Construction activity across the real estate and mining sectors will also play a supportive role, it said. "Revenue for the domestic construction equipment sector is likely to grow 1415 per cent this fiscal on a high base of 29 per cent in the previous fiscal. This will be driven by continued government focus on infrastructure build-out, especially roads, metros, and railways, including projects under the National Infrastructure Pipeline (NIP)," the agency said in a statement. The increased pace of road construction, which accounts for 40 per cent of the demand for construction equipment, augurs well for the sector's growth. Manufacturers are also witnessing robust demand from the real estate and mining sectors, as well as from contractors of bridge, airport, and metro corridor, said Poonam ..

Strict action against construction cos violating anti-dust norms: Gopal Rai

Delhi Environment Minister Gopal Rai on Monday directed officials to take strict action against construction agencies found violating anti-dust norms at Sarai Kale Khan here. As part of the Delhi government's anti-dust campaign, Rai inspected several construction sites in the area and found they did not have a working anti-smog gun, water sprinklers and tin sheds to prevent dust pollution. The minister directed the Delhi Pollution Control Committee to issue notice to the project proponents concerned. He said a penalty will be imposed on the violators if they fail to submit a satisfactory reply within 24 hours. Rai Saturday launched a month-long drive to prevent dust pollution in the capital and said strict action will be taken against anyone found violating relevant norms. The Centre's air quality panel on Friday directed authorities in the National Capital Region to enforce a ban on coal usage in hotels and restaurants, and to take punitive measures against polluting industries an

Construction, equipment manufacturers seek PLI scheme for industry

Construction and equipment (CE) manufacturers have urged the government for a production linked incentive (PLI) scheme for the sector. The introduction of the PLI scheme will provide a level-playing field for the players of the industry, Dimitrov Krishnan, President of industry body ICEMA, said. Indian Construction Equipment Manufacturers' Association (ICEMA) engages with stakeholders and the government to identify challenges in the sector and works on solutions. In 2021, the government had announced the scheme for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore. "The move (PLI Scheme) has given a push to these industries. Our industry requests the government for a PLI scheme for our industry. We play a critical role in capital intensive industries like setting up steel

Construction industry should use alternative fuels to cut costs: Gadkari

Union Minister Nitin Gadkari on Tuesday asked the construction and equipment industry to reduce their fuel cost by using alternative fuels like ethanol and methanol. The Minister for Road Transport and Highways was speaking at the annual session of the Indian Construction and Equipment Manufacturers Association (ICEMA) here. "You can bring down your cost by 15-20 per cent by usage of methanol which comes at Rs 25 a litre. This will reduce your overall cost," Gadkari said. He also said that in a road construction project of Rs 1000 crore, around Rs 100 crore is spent towards diesel. This can be brought down if the construction equipment industry starts usage of alternative fuels like ethanol and methanol, he said and added that it will also help in reducing pollution. The industry has a vital role to play as infrastructure and construction activities will continue to grow as part of the government's thrust on development, he noted.

Afcons Infrastructure plans to raise up to Rs 8,000 crore through IPO

The group was also planning to sell Gopalpur Port to raise upto $2 billion but the transaction has not materialised so far

UK looks to ease immigration rules for foreign workers to plug shortages

The Migration Advisory Committee has recommended that tradespeople including carpenters, bricklayers and roofers should be added to the "shortage occupation list"

Industry body seeks lifting curbs for nonpolluting work in construction

An industry delegation has requested Centre to consider exempting nonpolluting construction activities from ban

Construction tech key for India to achieve zero emissions by 2070: H S Puri

The minister notes that the built environment generates significant carbon emissions accounting for almost 39% of gross carbon emissions worldwide

Tata Hitachi upbeat about growth, aims for 15-20% revenue jump in FY23

Leading construction machinery major Tata Hitachi was aiming at 15-20 per cent rise in revenue in the current fiscal, a top company official said. The company had clocked a revenue of close to Rs 4,000 crore during FY'22. "The growth in volume terms will be around 10-12 per cent, while value growth is likely to be close to 15-20 per cent as the demand growth was more from the high value mining equipment," Tata Hitachi managing director Sandeep Singh said on the sidelines of CII organised IMME 2022 here on Thursday. Demand from the infrastructure sector was growing at around 12-15 per cent, while the growth from the mining sector was close to 20-25 per cent. Tata Hitachi has renewed its focus on the mining sector and has launched dumpers to offer a full solution for the sector that is poised at tremendous growth with the entry of the private sector in mining. "Mining currently accounts for around 8 per cent of our in volume terms but expect the share of mining to go up to 15 per ce

After meeting Q2 expectations, HDFC's growth outlook appears healthy

Analysts positive on stock, expect it to trade in the Rs 2,750-Rs 3,000 range

Odisha AAR says separate registration must for construction work in state

The ruling is in conflict with position taken by other AARs; industry wants CBIC clarification