Construction Sector

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

IRB Infrastructure share rises over 4% as Nov toll collection jumps 23% YoY

The uptick in IRB Infrastructure share price came on the back of strong toll revenue collection in November 2024

Winters of despair: How Delhi's pollution curbs affect construction workers

"When they stop our work, we don't just lose the wages. It's the food on our plates and the little we try to save for our children's future," says Raju Singh, a mason from Bihar. He was one of thousands of migrant and local construction workers rendered jobless following the November 11 ban on constructions, prompted by the Delhi-NCR's air quality plunging to hazardous levels. More such bans are likely to follow throughout the winter. While that is good news for the city's residents, the story is different for these construction workers. "Even though working in the polluted air makes it hard for us to breathe, I would rather work than sit idle," Raju Singh says, describing the crushing blow the restrictions have on his finances. These trysts with work stoppages have become an annual affair for him, and hundreds of others like him. The Commission for Air Quality Management in the National Capital Region and Adjoining Areas (CAQM) -- a statutory body responsible for formulating ...

Avg construction cost for housing projects up 39% in 4 years: Colliers

The average cost of construction for housing projects in big cities has increased by 39 per cent in the last four years to Rs 2,780 per sq ft, with building materials and labour becoming expensive, according to Colliers India. Real estate consultant Colliers India data shows that the average construction cost for premium housing projects stood at Rs 2,000 per square feet in October 2020. The construction cost rose to Rs 2,200 per square feet in October 2021, Rs 2,300 per sq ft in October 2022, Rs 2,500 per sq ft in October 2023 and Rs 2,780 per square feet in October 2024. Colliers India said these are average costs for a Grade A residential building of 15 floors. The data pertains to tier-I cities. Over the last one year, the consultant said the average cost of construction of housing projects rose 11 per cent due to a significant surge in labour costs coupled with a moderate price increase in construction materials like sand, brick, glass, wood etc. Notably, the cumulative effec

Here's why this 'X' group stock skyrocketed 14% on November 8; details here

Brahmaputra Infrastructure share price rallied as much as 13.93 per cent to hit an intraday high of Rs 73.50 per share

Arvind Retailers Q2FY25 results: Pre-tax profit rises 19% to Rs 135 crore

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9 per cent

9 killed after soil caves in at construction site in Gujarat, PM condoles

Five labourers were killed after soil caved in on them at a construction site in Gujarat's Mehsana district on Saturday, police said. The incident occurred near Kadi town, around 37 km from the district headquarters. Several labourers were digging a pit for an underground tank for a factory at Jasalpur village when loose soil caved in and buried them alive, inspector Prahaladsinh Vaghela of Kadi police station said. "Five bodies have been recovered, and three to four other labourers are feared buried. A rescue operation is going on," he said.

Supreme Court allows claiming input tax credit on construction expenses

Exception for commercial buildings meant for renting, leasing purposes

Interarch Building Products Q1FY25: Net profit rises 5% to Rs 20.3 cr

Interarch Building Products Ltd has reported a 5 per cent increase in consolidated net profit at Rs 20.3 crore for the quarter ended June. Its net profit stood at Rs 19.4 crore in the year-ago period. Net revenue rose 3 per cent to Rs 303.4 crore in April-June period of this fiscal from Rs 293.7 crore in the corresponding period of the previous year, the company said in a statement on Thursday. Arvind Nanda, Managing Director, Interarch Building Products Ltd, said the order book as at end of August 24 stands at Rs 1,350 crore. "We have successfully inaugurated our 5th state-of-the-art PEB (Pre-Engineered Building) manufacturing plant in Athivaram, Andhra Pradesh. This marks the company's 4th fully integrated unit, designed to enhance production capabilities significantly," he said. The new plant, set to increase installed capacity by 60,000 tonne per annum over two phases, will raise the company's overall installed capacity to 2 lakh tonne per annum, Nanda said. "We expect to mai

Construction firm BCD Group appoints Ashwinder R Singh as VC, CEO

BCD Group, which is into construction and real estate development, has appointed Ashwinder R Singh as Vice Chairman and CEO of the company. Angad Singh Bedi, the current Managing Director, has been elevated to Chairman and Managing Director. Before joining BCD, Singh was CEO-Residential at Bharti Urban, a Bengaluru-based real estate developer. He has over 27 years of experience in the real estate sector.

Revenue growth of road EPCs to slow down to 5-7% by FY26: CRISIL Ratings

The operating profitability is supported by a 5 to 17 per cent decline in prices of key raw materials, steel and bitumen, from their peaks in FY22

Interarch Building Products Ltd to open Rs 600-cr IPO on August 19

Construction solutions provider Interarch Building Products Ltd on Tuesday said it has fixed a price band of Rs 850-900 per share for its Rs 600-crore initial public offering (IPO). The initial share-sale will open for public subscription on August 19 and conclude on August 21, the company announced. The IPO is a combination of a fresh issue of shares worth up to Rs 200 crore and an offer-for-sale of up to 44.47 lakh shares valued at Rs 400 crore, at the upper end of the price band, by the promoters and investor-selling shareholders. This aggregates the total issue size to Rs 600 crore. Proceeds from the fresh issue will be used for capital expenditures, system upgrades, and general corporate purposes. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Further, investors can bid for a minimum of 16 equity shares and in multiples of 16 equity shares ...

India evolving as a major manufacturing base for Kobelco Construction: CEO

Kobelco Construction Equipment India Pvt Ltd, the subsidiary of Japan-based Kobelco Construction Machinery Co, launched its SK80 Excavator under the Centre's ambitious 'Make in India' campaign. The eight-tonne category mid-segment excavator, was unveiled by company Managing Director and CEO Takemichi Hirakawa and senior officials at an event here on Wednesday. Kobelco Construction Equipment India manufactures excavators and cranes at its factory in Sri City in neighbouring Andhra Pradesh, located about 110 km from here. "We have been delivering high-quality excavators to meet the growing demands of the Indian customers for the last 17 years. We have made considerable investments of about Rs 750 million (Rs 75 crore) in the recent past and our latest product SK80 Excavator is a first major step towards indigenisation," Hirakawa said. "With over 70 per cent indigenisation, the SK80 Excavator exhibits a strong commitment of Kobelco's 'Make in India' initiative. India is evolving as a