Construction Sector

No near-term triggers for building materials as Q2 growth stays muted

Building materials companies logged mid single-digit Q2FY26 growth amid monsoon disruption, weak retail demand. Brokerages remain split on an H2 rebound as pricing, PVC and competition stay in focus

Consolidated Construction hits 20% upper limit on multiple orders; details

Around 1:10 PM, Consolidated Construction shares continued to trade at 20 per cent upper circuit at ₹22.24 per share. In comparison, BSE Sensex was trading 0.42 per cent higher at 81,892.84 levels.

Shivalaya Construction files ₹450 cr for IPO with Sebi via fresh issue, OFS

Shivalaya Construction has filed preliminary papers with markets regulator Sebi for raising funds through an initial public offering to pare its debt. The proposed IPO is a combination of a fresh issue of shares worth Rs 450 crore and an offer-for-sale (OFS) of 2.48 crore shares by promoters, according to the draft red herring prospectus (DRHP). Of the fresh issuance, funds to the tune of Rs 340 crore will be used to pay debt, and the remaining funds will be utilised for general corporate purposes. The company, in its draft papers filed on Friday, stated it had total borrowings of Rs 3,048 crore as of March 2025. The Delhi-based company may consider a pre-IPO placement aggregating up to Rs 90 crore. If this is undertaken, the fresh issue size will be reduced accordingly. Incorporated in 2007, Shivalaya Construction is an integrated infrastructure engineering, procurement and construction player with a focus on roads, highways and bridges. It executed 41 projects as of July 31, 202

Ahluwalia Contracts falls 3% after Q1; buy, sell or hold? Analysts suggest

Ahluwalia Contracts' share price was trading 2.7 per cent lower at ₹927 per share on the NSE after the company reported lower-than-estimated numbers in Q1FY26

This construction engineering share tanks 5% on weak Q1 results; details

Around 10:50 AM, Ircon International share price was trading 3.03 per cent lower at ₹166.60 per share. In comparison, BSE Sensex was trading 0.60 per cent lower at 80,058.76 levels.

GPT Infraprojects rallies 9% as Q1 profit zooms 40% YoY; declares dividend

GPT Infraprojects shares zoomed after the company reported a string set of results in the June quarter of financial year 2026 (Q1FY26).

This smallcap civil construction share is up 4% on bagging ₹910-cr deal

B L Kashyap share price rose on the back of a deal worth ₹910 crore, excluding GST, from BPTP Limited.

Globe Civil Projects zooms 5% on securing this deal from NBCC; details here

Globe Civil Projects shares jumped initially after the company announced the receipt of an order from NBCC (India) Ltd. valued at ₹172.99 crore.

Garuda Construction shares fly 20%, hit record on stellar Q1 nos; details

Garuda Construction shares rose after the company posted stellar results in the June quarter of financial year 2026 (Q1FY26).

Multiple order wins lift Afcons Infrastructure shares by 6%; details here

The uptick in the shares of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, came after the company secured two road construction orders worth ₹4,535.44 crore in Croatia.

Rising costs, competition to dent margins for construction firms in FY26

Crisil says emerging construction companies will see slower growth and flat profits in FY26 despite strong order books due to cost pressures and intensified competition

Ceigall India board approves C&C Construction merger to boost infra play

Ceigall India on Monday said its board has approved the merger of wholly-owned subsidiary Ceigall Infra Projects with publicly listed C&C Construction to enhance business efficiency. Ceigall India, an infrastructure construction firm, in a statement said post the merger, Ceigall India will hold up to 95 per cent of the merged entity, with plans to reduce its stake to 75 per cent in line with Sebi regulations. The proposed merger, subject to approval by the National Company Law Tribunal (NCLT), aims to revive C&C Construction, which was earlier under liquidation. The merger also aims to integrate C&C Construction's capabilities in transmission, distribution, railways, bridges, and building construction into Ceigall's broader infrastructure portfolio, it added. The merger will result in administrative and operational rationalization, enhance business efficiency, flexibility, and agility, positioning the transferee company for sustainable growth," Ceigall India said in a BSE

BCD Group doubles order book to Rs 2K cr, aims to boost Pan-India presence

BCD Group has already secured orders worth Rs 350 cr in Q1 from developers such as Godrej, Assetz, and Century, driven by growing demand for commercial, residential spaces across key cities

No new construction, renovation works in Mehrauli Archaeological Park: SC

The Supreme Court on Friday stayed any new construction or renovation at the centuries-old religious structures inside the Mehrauli Archaeological Park in the capital including the 13th Century Ashiq Allah Dargah and Chillagah of Baba Farid, the revered Sufi saint. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar was hearing a plea filed by one Zameer Ahmed Jumlana seeking protection of the religious structures inside the archaeological park from demolition. Senior advocate Nidhesh Gupta referred to the Archeological Survey of India's (ASI) status report and said a historical monument found there was built around 700 years ago. The CJI said people keep encroaching and putting up shops to earn money while asking the ASI to prepare a site plan to ensure no further encroachment. Additional solicitor general K M Nataraj said, Let us find out which are built newly and which are old." A lawyer said these monuments were not declared protected ones and, therefore, t

Fire breaks out at construction site in South Korea's Busan, 6 dead

A fire broke out at a resort construction site in the South Korean city of Busan Friday, killing at least four people, fire officials said. About 100 workers managed to evacuate from the site and about 90 firefighters were trying to put out the blaze, which was reported at around 10:20 am, according to Busan's fire agency. It wasn't immediately clear whether workers were still trapped inside. The agency said six people were taken to hospitals in cardiac arrest and four of them were pronounced dead. Four other people sustained minor injuries. Television footage showed gray-black smoke and flames rising from the site and a helicopter approaching the building as part of rescue efforts. The country's acting president, Choi Sang-mok, instructed officials to deploy all available personnel and equipment to put out the fire.

CNH launches engine plant in Greater Noida, targets 90% localisation

The company has invested $15 million to localise the 2.8L F28 engine, which was developed in Europe, to reduce import dependence and improve cost efficiency

Donald Trump's proposed tariffs risk $29,000 rise in US home building costs

Housing inflation has remained stubbornly high month after month amid a national shortage, becoming a major issue for voters in the recent election

Adani Infra to acquire key stake in PSP Projects, CCI approval pending

Adani Infra seeks CCI clearance to acquire a significant stake in PSP Projects in a Rs 685.36 crore deal, aiming to enhance construction sector synergies

Construction companies may witness slower revenue growth for FY25: ICRA

The credit ratings agency is expecting the execution pace of the Indian construction entities to pick in H2 FY2025

China's December factory activity expands at slower pace amid trade risks

The National Bureau of Statistics purchasing managers' index (PMI) slowed to 50.1 in December from 50.3 in November