Page 9 - Construction Sector

European EPC major A&M Group enters India in JV with Oberoi Group

The joint venture Oberoi-A&M Infra-Consortium will also handle the Saarc operations of the European group

Cement, paint, pipes: Will construction relaxation aid these sectors?

With the demand likely to remain tepid even after the lockdown is lifted, analysts suggest picking stocks from long-term perspective and focus on firms with low debt levels and a healthy order book

The job protection diktat

Govt must pay for a part of the wage cost

Who owns what: Portfolio of developers who could bear brunt of lockdown

Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.

Covid-19: Construction in major centres halts, project delivery to worsen

Experts say things have come to a standstill and that it will take at least 3-4 months for the work to even begin

Covid-19: Govt directs states to transfer cash to construction workers

Last date for annual filing of returns under labour laws for employers deferred till April 30

Real estate and infrastructure drove buyouts in 2019, says report

In 2019 , buyouts in real estate and infra were $11.6 billion while in other assets it stood at $4.6 billion

Statsguru: Decoding Indian economy's growth risks and muted outlook

The stress lies in the manufacturing and construction sectors, the biggest employers of semi-skilled labour

India's construction sector witnesses sharper decline in third quarter

Manufacturing saw contraction in the second and third quarters, against growth of just above 2 per cent in the first quarter

India Ratings revises outlook for construction sector to negative for FY21

The outlook revision follows significant risks emerging from the exposure of certain construction companies to the state governments of Andhra Pradesh, Telangana, Tamil Nadu

Housing sales decline 30% across 9 major cities in Q3 over poor demand

Sales in the residential property market fell 13 per cent to 2,63,294 units during the first nine months of this fiscal as against 228,220 units in the corresponding period of the previous year

India's buildings sector to grow by 6.6% next year on fiscal support: Fitch

With funds more readily available, it expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short term.

New project inflows for construction sector to improve in 2020: Icra

Assigning a stable outlook for the construction sector, Icra however said delays in land acquisition, funding issues, and state government priorities pose threat to new order inflows

To boost economy, PMO focuses on 'construction sector', creating jobs

The letter of PAMD says that all concerned ministries "shall issue instructions to respective government entities for taking necessary action on the issue expeditiously"

Rural India can't recover until NBFCs do

An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown

Rs 25k-cr booster dose will revive stalled realty projects, say analysts

The Mumbai Metropolitan Region and the NCR are two of the worst-hit property markets in the country, with 95,000 and 195,000 stuck projects, respectively

More pain for Andhra Pradesh construction sector as sand shortage persists

With flooding of major rivers extending the shortage, the price of a truck-load of sand (10-12 tonnes) has risen to over Rs 50,000 in the black market

Ind-Ra maintains stable outlook for construction sector on existing orders

Most construction companies are likely to experience healthy revenue growth and stable credit metrics over H2 FY20, underpinned by the strength of their existing order books, Ind -Ra said

Funding constraints to slow pace of construction in FY20: CARE Ratings

Four out of the top 10 states are coastal states with more than two large ports being situated in each of them

ICICI bank and Union bank benefit from construction sector package

Gross non-performing loans of the sector stood at 12.2 per cent at the end of the first quarter of the financial year