Page 3 - Construction Industry

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

At 19 km/day, FY23 highway construction way short of Gadkari's target: Data

While the ministry of road transport and highways aims for a record 50 km/day construction target, it has only been able to execute 19 kilometres (kms)/day till August

Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

Casagrand forays into home building segment, plans 500 homes in 3 years

Realty firm Casagrand has unveiled an independent residential construction venture -- 'CASAGRAND PERCH', and announced plans to build 500 homes over the next three years under the new initiative. CASAGRAND Perch would be involved in designing of the residential units for customers who own a minimum of 1,500 sq ft land, while keeping in mind the concepts of light, ventilation, privacy and 'vaastu,' a company official said on Wednesday. "Through this venture, we will build an individual home by following the same standards of CASAGRAND. People usually reach out to unorganised players to build their homes and there are times when they are not satisfied with the outcome." CASAGRAND founder-managing director Arun Mn noted. "CASAGRAND Perch has been conceptualised as a venture that will professionally take care of the end-to-end requirements of home building.. at this moment, we will build houses in Chennai, Bengaluru and Coimbatore. We aim to build 500 houses under CASAGRAND Perch in 3 .

Delhi construction workers' woes continue despite uptick in registration

Delhi construction workers welfare board has registered around 6,400% increase in registrations but many remain aloof

Construction industry leads as business travel remains strong: OYO survey

Delhi has topped of the most preferred destinations for business travel, closely followed by Bangalore, Mumbai, and Hyderabad

Hitachi to sell about half its stake in construction unit: NHK report

The construction unit's market value at the end of share trading in Tokyo was 753 billion yen.

Domestic cement industry poised for demand recovery in construction season

Amid a strong demand outlook, brokerages see capacities and existing utilization levels of the domestic cement industry on a rise in coming years

Larger cement companies better placed despite higher valuations

Investors appear to have paid heed to the negative aspects in the recent past

Shree Cement: In-line Q1, robust outlook

Industry leading margins should help the company amid govt's infra push and expected pickup in construction activity

Demand recovery, buoyant exports to aid strong growth for tile makers

Improving product mix to boost realisations; while sales growth was impacted in the June quarter, there has been a recovery led by non-metro markets

L&T Construction bags 'significant' orders for various businesses

Larsen and Toubro (L&T) on Thursday announced that its construction arm has secured 'significant' orders for its various businesses. The company did not provide the value of the contracts, but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts. The water and effluent treatment business has won a repeat order from the Uttar Pradesh State Water & Sanitation Mission (SWSM) to implement rural water supply projects providing functional house tap connection under the Jal Jeevan Mission, the company said in a statement. The buildings and factories business has secured an order from a reputed developer to construct residential towers in Mumbai's suburb of Mulund, it said. The scope of the work includes construction of the civil structure including waterproofing, masonry and plastering for seven residential towers with a built-up area of 4.3 million square feet comprising a basement, .

Strong govt support behind India's residential construction sector: Fitch

Driven by sustained demand for housing and supportive government policy, residential building will see a strong rebound in 2021 and robust growth over the coming decade, according to Fitch Solutions

How L&T Construction could disrupt the realty space with 3D-printed houses

The company, which has 3D-printed a ground-plus-one building, plans to use the tech to improve speed and scale especially in the EWS space

India's secondary steel producers, trade see decline as China price falls

Motilal Oswal says demand for long steel has moderated, possibly weighed by weakened construction activity

L&T's construction arm receives multiple orders in domestic market

Infrastructure company Larsen & Toubro (L&T) on Thursday said its construction arm has received multiple orders across its business segments in the domestic market. The company did not disclose the value of the contracts but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts. "The construction arm of L&T has secured (significant) orders from prestigious clients for its various businesses," L&T said in a regulatory filing. The company said its buildings and factories business has won an order from a reputed developer to construct an office space in Mumbai. The scope of the project includes construction of two towers comprising four basements, G+21 (ground + 21) floors with a built-up area of 33.50 lakh square feet. It has also won an order from the Haryana government to construct a Medical College at Jind. The scope of the project includes construction of a hospital .

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

JMC Projects bags building orders worth Rs 698 crore in south India

Engineering firm JMC Projects on Wednesday said it has bagged orders worth Rs 698 crore in the domestic market