Page 6 - Construction Sector

L&T Construction bags significant order from reputed developer

Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged a significant order for its buildings and factories business from a reputed developer. The scope of work includes design and construction of entire civil structure, including waterproofing, masonry, plastering and electrical conduiting, L&T said in a statement. The residential business of buildings and factories has secured this order to construct one of the largest residential townships in Bengaluru. "The project involves construction of 6,768 apartments spread across 39 towers... Additionally, the development entails 149 villas along with club houses, swimming pools and other amenity structures. The total built-up area will be 13.43 million sq ft," the statement said. The project is scheduled to be completed in 42 months, it added. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

Larsen & Toubro second quarter profit declines 67% to Rs 1,819 crore

Larsen & Toubro (L&T) on Wednesday reported 67 per cent drop in consolidated net profit at Rs 1,819.45 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 5,520.27 crore in the year-ago period, L&T said in a filing to BSE. However, the total income during July-September increased to Rs 35,305.04 crore over Rs 31,593.77 crore in the year-ago period, the filing said. "The consolidated net profit after tax (including exceptional items and discontinued operations) for the quarter at Rs 1,819 crore includes Rs 144 crore gain on divestment of stake in hydel power plant in Uttarakhand (a part of the Development Projects Segment) and tax expense of Rs 47 crore arising on transfer of the NxT Digital Business from the Parent to Mindtree Ltd," it said.

Larger cement companies better placed despite higher valuations

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

Organised sector weathers second Covid wave on job front: Labour survey

Among industries, employment generated by the construction sector rose by 42% and the manufacturing sector by 22%

Follow 14-point rules to avoid pollution: Delhi govt to construction sites

The Delhi government has asked all private construction sites to follow its 14-point guidelines to prevent dust pollution in the city, Environment Minister Gopal Rai said on Friday. The AAP-led government had conducted a review meeting with all state-run agencies engaged in construction work in Delhi and they were told to submit their action plans to prevent dust pollution by September 21. Many private agencies are also involved in construction work in the city. We conducted a meeting with over 50 such companies, including L&T, Shapoorji, among others. "These private construction sites have been asked to comply with the 14-point guidelines to prevent dust pollution within 15 days," Rai said. The minister further said the government also discussed about the problems faced in the construction work last year. Under the 14-point guidelines, construction sites should be covered from all sides using tin sheds. The sites measuring more than 20,000 square metres will have to deploy ...

India adds 16 mn jobs in July mostly in agri, construction sectors: CMIE

India witnessed an addition of 16 million jobs in July mainly in the agriculture and construction sectors, however, the number of salaried jobs fell by 3.2 million in the same month, according to CMIE

Story in numbers: From agriculture to construction, where do Indians work?

Currently, 43% of India's total workforce is employed in agriculture

Bandhoo raises $1.1 mn funding to make labour market more transparent

Construction is a $200 billion market in India and so far hasn't adopted much technology in its operations and Bandhoo is tapping that opportunity.

Almost 92% casual workers didn't get wages during lockdown: SWAN survey

The survey, which was conducted among 1,396 worker groups, adding up to 8,023 people that included 4,836 women and children, showed that 76 per cent of the workers had less than Rs 200 left with them

JSW Cement enters construction chemical segment with green product category

Company commences market roll-out from Karnataka; sets up new manufacturing unit in Karnataka

JSW Cement enters construction chemicals biz, launches green products

JSW Cement said on Monday it has entered the construction chemical sector with the launch of a green product range in the category

Construction industry may resume operations by mid-June: Assocham

The employment-intensive construction industry should witness resumption in operations by the middle of June, though at a curtailed level, industry chamber Assocham said on Tuesday

The bounce-back in construction buoyed the growth numbers, shows data

Gross fixed capital formation (investment) hit an all-time high of Rs 13.4 trillion in the fourth quarter of 2020-21

'Macrotech to invest Rs 2,800 cr in FY22 on construction of realty units'

Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects

L&T construction arm bags significant contracts for various businesses

The construction arm of Larsen & Toubro has secured orders from prestigious clients for its various businesses, the engineering major said on Friday.The power transmission distribution business has won orders to design and construct two sub-stations in Dubai, UAE.The factories business of buildings and factories has secured another order from a leading cement manufacturer to construct a 3.5 million tonnes per annum brownfield cement plant in Nimbahera, Rajasthan.The railway strategic business unit that resides within the transportation infrastructure business has won an order from the Central Organisation for Railway Electrification (CORE).The project is part of mission electrification initiative of the central government aimed to electrify the entire Indian Railway Network to reduce the carbon footprint as well as reduce the expenditure on diesel.Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services with over 21 billion ...

Larsen & Toubro wins 'significant' contracts in various businesses

Larsen & Toubro (L&T) on Tuesday said its construction arm has won significant contracts including an order for the construction of a bridge on river Ganga in Bihar. The company did not specify the exact value of the contracts but as per its specification a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. "...The Heavy Civil Infrastructure business of L&T Construction has secured an EPC (engineering procurement and construction) order to construct a New Four-lane Bridge (parallel to the existing Vikramshila Setu) ... including approaches across river Ganga on the newly declared NH-131B at Bhagalpur in the state of Bihar," the company said in a statement. The project is scheduled to be completed in 48 months, it said. The company said its Water & Effluent Treatment business has bagged a design, build and operate order from Municipal Corporation, Amritsar for engineering, procurement & construction of bulk water supply system in the city of ...

House that: Anarock says home sales up 29% in March qtr, JLL finds down 7%

Bengaluru was the only city not to record a major yearly change in total sales number, according to Anarock.

Home sales jump 29% due to better demand in Mumbai, Pune, Hyderabad

Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally

Real estate fund managers float schemes for construction finance

Construction from AIFs will be at a higher rate than banks and NBFCs, which are currently not putting in money

US spending on construction rises 1.7% in Jan as home building continues

Spending on US construction projects rose 1.7 per cent in January as new home building continues to lift the sector