Page 5 - Construction Sector

Keystone Realtors shares climb over 3% in stock market debut trade

Shares of Keystone Realtors, which sells properties under brand 'Rustomjee', ended over 3 per cent higher in its debut trade on Thursday against the issue price of Rs 541. The stock listed at Rs 555, reflecting a gain of 2.58 per cent from the issue price on the BSE. It further rallied 5 per cent to Rs 568.25. Shares of the firm ended at Rs 557.80 apiece, higher by 3.10 per cent. At the NSE also, it made its debut at Rs 555. It later ended at Rs 556.80, a gain of 2.92 per cent. The company commanded a market valuation of Rs 6,352.08 crore on the BSE. In volume terms, 4.16 lakh shares of the firm were traded at the BSE and over 58.63 lakh shares on the NSE during the day. The initial public offering of Keystone Realtors received 2 times subscription on the last day of the offer on November 16. The IPO had a fresh issue of up to Rs 560 crore and an offer-for-sale of up to Rs 75 crore. Price range for the IPO was at Rs 514-541 a share. Founded in 1995, Keystone Realtors has 32 com

Trident Realty to invest Rs 3,000 crore over 7-8 years in Haryana

Trident Realty will invest about Rs 3,000 crore to build a 200-acre luxury housing township at Panchkula in Haryana as part of expansion plan, its Chairman S K Narvar said. It has acquired this land parcel through insolvency process and invested around Rs 400 crore to settle the loans of financial institutions. It has also provided plots to around 450 stuck homebuyers in this project. The Delhi-based company has presence in Delhi-NCR, Mumbai Metropolitan Region (MMR) and is now making a foray into Chandigarh tri-city through this new project. "We have launched our new luxury residential project Trident Hills in Panchkula. This 200-acre land parcel is located in the foothills of the Shivaliks. We will be developing around 60 lakh square feet area in this township, including villas, group housing, independent floors and plots," Narvar told PTI. The project will be developed over the next 7-8 years. "We will be investing about Rs 3,000 crore to develop this township project," Narvar

Greenfield construction cost for developers up 5-7% in Q3 2022: Report

Labour cost increased 8-10% and reinforcement steel prices went up about 20%, says study scanning cities

Highway construction pace in Oct falls 20% YoY in another month of decline

Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23

CO2 emissions from buildings, construction sector hit new high: Report

The sector's operational energy-related CO2 emissions reached 10 gigatonnes of CO2 equivalent -- 5 per cent over 2020 levels and 2 per cent over the pre-pandemic peak in 2019.

Delhi CM announces Rs 5,000 aid to workers amid ban on construction work

Delhi Chief Minister Arvind Kejriwal on Wednesday directed Labour Minister Manish Sisodia to provide Rs 5,000 each as financial aid to labourers due to pollution-related ban on construction activities in the city. With pollution levels worsening, the Centre's air quality panel had on Saturday directed authorities to impose a ban on construction and demolition activities in Delhi-NCR, except in essential projects, and other curbs under the GRAP III. "Construction activities have been stopped across Delhi in view of pollution. I have directed Labour Minister, Sh Manish Sisodia, to give Rs 5000 pm as financial support to each construction worker during this period, when construction activities are not permitted," Kejriwal tweeted. The AAP government had also in the past provided financial help to registered construction workers in Delhi during the COVID-19 pandemic.

Anti-dust campaign: Fines of Rs 32.4 lakh imposed at construction sites

Delhi Environment Minister Gopal Rai chaired a review meeting with Delhi Pollution Control Committee (DPCC) and Environment Department officers to take stock of the Anti-Dust Campaign on Wednesday

Air quality-driven construction ban may delay realty projects in Delhi-NCR

568,000 housing units are under various stages of completion. Periodic bans by NGT, govt, or apex court in response to poor air quality have serious consequences, say experts

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

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

Increased construction activity to balance cement demand: India Cements

The Centre and southern states were expected to retain their thrust in giving a push to housing and infrastructure projects leading to cement demand to remain on track, The India Cements Ltd Vice-Chairman and Managing Director N Srinivasan said on Thursday. Increased house building and construction activity in metros, semi-urban and urban centres would boost cement demand although cost pressure is expected to remain with higher cost of fuel, power tariff, he said. "As in the last two years, the good rainfall reported this year from South -West monsoon season augurs well for improved prospects of rural economy," he told the shareholders at the 76th annual general body meeting held through virtual mode. During 2021-22, he said a revival was witnessed in the construction sector which led to the cement demand picking up and it sustained due to increased infrastructure spending by the Centre and States. The industry suffered from steep increase in the cost of production due to ...

HCC's shares jump nearly 20% on completing debt resolution plan

Co to hive off part of debt, receivables to a SPV; to hold 49% stake in SPV

Govt orders, private capex fuel KEC's order book by Rs 6,000 crore

The company reported Rs 23,716 crore of orderbook in the fiscal year ended March 2022, up by 18% over the previous year and plans to bid for Rs 1.1 trillion of orders, which are in the pipeline

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

Explosives in Supertech's illegal towers will be placed from Tue: Officials

The process to place explosives within the Supertech's illegal twin towers is scheduled to begin from Tuesday under heavy security cover, according to officials.

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

L&T Q1FY23 results: How the company performed in the last four quarters

Larsen & Toubro has seen a steady rise in net profits over the previous four quarters

Infra.market raises Rs 390 crore funding from Liquidity Group's arm

The construction market is a USD 140 billion opportunity, the company said, adding that it will also benefit from the USD 2 trillion national infrastructure pipeline announced by the government