Page 3 - Construction Sector

Rise in construction activities to propel cement demand by 7-8%: UltraTech

Demand for cement is projected to grow 7-8 per cent in the current financial year, helped by an increase in construction activities throughout the country, UltraTech Cement said in its latest annual report. To meet this increased demand, the cement industry is expected to add 35 - 40 million tonne capacity in the next fiscal, with 60-65 per cent concentrated in the eastern and southern regions, said the Aditya Birla group flagship firm. Besides, this demand surge will translate into an increase in capacity utilisation of the industry to 72 per cent in FY25, which was around 68 per cent in FY23. "In FY 2024-25, cement demand is projected to grow 7-8 per cent driven by an increase in construction activities throughout the country, spread across the infrastructure and housing sector," said UltraTech. There has been a "concerted focus" on the integrated and coordinated planning and implementation of infrastructure projects, adhering to the principles of PM Gati Shakti. Priority has be

Govt looks for cost-effective remedial, probe measures for hill roads

Move aimed at reducing impact of rising landslide, slope destabilisation in hilly areas where national highways have been built

Ahluwalia Contracts stock hits all time high on order win from AAI; up 18%

The rally in the stock price came after the company announced that it has secured an order worth Rs 572 crore from the Airport Authority of India (AAI)

KEC International stock price rallies 9% on Rs 1,025 crore-order win

The uptick in share price came after KEC International announced that it has secured new orders worth Rs 1,025 crore for its T&D and cables business

This infra stock has zoomed 80% in 7 days; Quant MF acquired 1.75% stake

OM Infra hit a record high of Rs 174 on rallying 10% on the NSE in Thursday's intra-day trade. The stock has appreciated by 29 % in two days after Quant MF purchased nearly 2% stake in via open market

BL Kashyap stock price soars 4% on securing two order worth Rs 1,021 crore

The company secured a major order for civil and composite steel structural works from DLF City Centre Ltd, valued at approximately Rs 924.11 crore

KNR Constructions stock soars 19% on healthy outlook; zooms 35% in 2 days

With a strong bidding pipeline and better bidding strategy, the management expects total order inflow of Rs 5,000-6,000 cr in FY25 which shall keep its order book healthy moving ahead.

KEC International share price rallies 7% on Rs 1,000-crore order win

The surge came on the back of an order win worth Rs 1,002 crore

Ashoka Buildcon soars 9%, hits all-time high on order win worth Rs 2,152 cr

The surge came after the company bagged two orders worth Rs 2,150 crore from Maharashtra State Road Development Corporation Ltd (MSRDC)

KNR Constructions stock soars 28% in 3 weeks, nears record high; here's why

The brokerage firm MOFSL said the tender pipeline remains robust with strong order flows expected post elections.

Designer of the tallest building wants to turn skyscrapers into batteries

The concept is similar to widely used pumped hydroelectric plants

This construction company's stock has climbed 229% in one year; here's why

The State-owned company's profit rose 24.6 per cent on a year-on-year (Y-o-Y) basis to Rs 141.5 crore in the March quarter of financial year 2024 (Q4FY24)

Seepage detected in Mumbai's undersea tunnel just 2 months after opening

Maharashtra Chief Minister Eknath Shinde, however, said the water was seeping through the pre-determined expansion joints and the tunnel was safe

NCC shares surge 7% on strong Q4 performance

The industrial building construction company's net profit increased 25.2 per cent in the fourth quarter of financial year 2024 (Q4FY24) to Rs 239.2 crore

Rawlplug and Saketh Seven Star Industries Ltd. Join Forces to Revolutionize India's Construction Landscape

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Construction sector firms' revenues to see 12-15% growth this fiscal: ICRA

India's construction sector entities' revenues are likely to grow by 12-15 per cent in the current financial year, while margins will expand by 25-50 bps, rating agency ICRA said on Monday. It further said that the government's infrastructure push will result in double-digit revenue growth for the construction industry in FY2025. The rating agency said it maintains a stable outlook on the sector with steady growth in operating income, moderate leverage, and healthy coverage metrics. "The aggregate order book-to-sales ratio of ICRA's sample set of companies stood at around 3.9x as of December 2023 (compared to 3.4 times during March-2023), thereby indicating a healthy revenue growth prospect over the medium term," ICRA vice president and co-group head - corporate ratings Ashish Modani said. He said, ICRA expects the revenue growth in FY2025 to remain healthy at 12-15 per cent on a year-on-year basis, albeit slightly lower than the 18-20 per cent revenue expansion assessed for FY2024

What sets Alpha Sand apart, as the best construction material manufacturer and supplier

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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

This state-owned civil construction stock has zoomed over 100% in 1 month

Thus far in the financial year FY24, the stock price of NBCC (India|) has skyrocketed by 375 per cent.

Delhi pollution crisis: Informal sector workers grapple with job loss

Saroj, a 55-year-old construction worker residing near the Bakkarwala landfill site, embodies the challenges faced by informal sector workers amid the escalating air pollution crisis in Delhi. In the wake of frequent construction bans to combat air pollution, Saroj found herself periodically unemployed for the past three months, grappling to make ends meet. For people like her, whose primary income source is construction work, the shutdown presents a formidable financial setback. "There has been no stable construction work since October (Diwali) and we have been sitting at home for three months now. The contractor informs us that work will only resume in a few months when the air pollution situation improves," she said. Working in the construction industry, despite its polluting nature, has become an unavoidable necessity for these workers, exposing them to some of the most severe health repercussions. "Fever, cough and cold and stomach issues are very common for us living close t