Page 2 - Construction

April 2025 IIP dips to 8-month low at 2.7%, manufacturing grows 3.4%

Among the sectors, manufacturing - which carries the largest weight in the index - grew 3.4 per cent, up from 3.0 per cent in March

Mining, construction equipment sector to reach $45 bn by 2030: Report

India's mining and construction equipment sector is expected to reach USD 45 billion in another five years, according to a report. "Currently valued at USD 16 billion, the sector is projected to grow at a 19 per cent CAGR, unlocking a USD 45 billion opportunity by 2030," according to CII-Kearney Report. Confederation of Indian Industry (CII), in collaboration with Kearney, has come out with a Vision Report for Making India a Global Manufacturing Hub in the Mining and Construction Equipment Sector. The report presents a bold Vision 2030 to position India as a global leader in mining and construction equipment (MCE) sector and outlines an action plan. India is now the fastest-growing MCE market among the top six global economies, surpassing even the US, Germany and Japan. According to the report, the mining and construction sector, a key enabler of infrastructure, energy, and industrial growth, commands a USD 18 trillion global market and contributes 16 per cent to global GDP. In In

Shapoorji Pallonji group inks record $3.4 billion private credit deal

The three-year, zero-coupon rupee bond has an annual yield of 19.75 per cent. Proceeds will primarily be used to refinance existing debt

Real estate developers stuck between construction cost wall and soft market

Price rise mainly due to jump in cost of cement, steel, and skilled labour

BJP turning Maha into desert: Aaditya slams govt over nod to projects

Shiv Sena (UBT) leader Aaditya Thackeray on Friday targeted the Devendra Fadnavis-led government for clearing projects that require felling of "lakhs of trees", including for the proposed Gargai dam to be built for supplying water to Mumbai. Addressing a press conference, he hit out at the ruling BJP and said the party wants to turn Maharashtra into a desert. "Never ever has the city (Mumbai) witnessed a water crisis in March and April which is being experienced this year. Temperatures are rising across the state, crossing over 40 degrees Celsius in March and April," Thackeray said, and attributed it to climate change. "The State Wildlife Board has given approval to projects which will lead to felling of lakhs of trees. Permission has been given to cut five lakh trees in Thane and Palghar district for constructing Gargai dam to address water woes of Mumbai...The BJP wants to make Maharashtra a desert," the former state environment minister said. If the need arises, the Sena (UBT) .

Expect steady growth of 15-20% in coming yrs: Tata Realty & Infra MD & CEO

Our portfolio is strategically diversified across three key verticals: residential, commercial real estate, and infrastructure, said TRIL MD and CEO

India's green buildings thrive, but its cities remain unsustainable

Indian metropolises need a sustainability reset -green buildings alone won't fix urban planning that forces people to spend hours commuting to get to them

Danfoss Power Solutions begins work on ₹1,000 cr manufacturing unit in Pune

Danfoss Power Solutions, a global supplier of mobile and industrial hydraulics and electric powertrain systems, conducted a groundbreaking ceremony on Tuesday for the establishment of a state-of-the-art facility in Pune, with an investment of Rs 1,000 crore, the company said. This strategic investment will double the company's manufacturing footprint in India, driving innovation and supporting sustainability initiatives. The facility in Talegaon, Pune, will be Danfoss' seventh manufacturing unit in India. The company currently has additional manufacturing facilities in Chennai, Mumbai, Vadodara, Bengaluru, and two other units in Pune. Spread across 44 acres, the proposed facility in Talegaon will enhance Danfoss' production capacity for existing products, including pumps, motors, cylinders, and valves. It will also manufacture new product lines to meet growing customer demand, the Chennai-based company said in a statement. The Talegaon facility will strengthen Danfoss' ability to

China's Liu Jiakun wins Pritzker Prize for people-centric architecture

The annual Pritzker Architecture Prize has been awarded to Liu Jiakun of China, who earned the field's highest honour for affirming architecture that celebrates the lives of ordinary citizens, organizers announced Tuesday. Liu, based in Chengdu in China's southwestern Sichuan region, has said that the purpose of his architecture is to create a beautiful, just and dignified living environment, and that he tries to balance commercial needs with the human needs of the public. The architect upholds the transcendent power of the built environment through the harmonizing of cultural, historical, emotional and social dimensions, using architecture to forge community, inspire compassion and elevate the human spirit, Pritzker organizers said in a statement. Liu is known for creating public areas in highly populated cities where there is little public space, forging a positive relationship between density and open space, the statement said. Organizers cited his West Village in Chengdu, a 201

Welfare scheme benefits causing labour shortages in construction: L&T MD

Addressing the CII Mystic South Global Linkages Summit, L&T's MD noted that despite the crucial role of construction in national development, the industry is struggling due to a lack of workforce

PIL filed in Delhi HC against construction sealing practices of NDMC, MCD

Practice of sealing premises without serving sealing order and depriving the affected person of their statutory rights is an arbitrary exercise of power and is both unlawful and unconstitutional

Thane civic body cracks down on developers flouting pollution control rules

The civic authorities in Maharashtra's Thane city have pulled up developers for flouting pollution control guidelines during construction activities and halted work at the sites of seven developers, an official said on Saturday. The Thane Municipal Corporation (TMC) has initiated strict action against developers flouting pollution control guidelines and issued orders to halt work for developers failing to comply, the official said. According to the city development department, of 317 construction sites instructed to follow dust pollution control measures, punitive action was taken at 182 sites for non-compliance, and a cumulative fine of Rs 9.25 lakh was levied on violators. Additionally, show-cause notices were issued to 120 developers, questioning why their construction activities should not be stopped, and of these, seven developers who failed to provide evidence of compliance were ordered to halt all work. Assistant Director of Urban Planning Sangram Kanade confirmed the ...

'Unease' of doing business in India: Bureaucracy pushes factory costs up

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

New govt infrastructure projects down by over 20% in December quarter

Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019

ITD Cementation bags Rs 1,648 cr contract for construction at Vadhvan Port

Renew Exim DMCC, Adani Group's Dubai-based entity in October had entered into an agreement to acquire a 46.64 per cent stake in ITD Cementation in October 2024

SC issues landmark ruling to curb illegal constructions, violations

In a significant judgment, the Supreme Court on Tuesday said unauthorised constructions cannot be legitimised merely due to administrative delays, passage of time, or monetary investments and issued a slew of directions to curb illegal constructions. A bench comprising Justices J B Pardiwala and R Mahadevan said even the post-construction violations must trigger swift corrective action, including demolition of the illegal part and penalties for erring officials. The bench also upheld the demolition of unauthorised commercial constructions in a residential plot in Meerut, emphasising the need for strict adherence to urban planning laws and accountability of officials. The court issued a slew of comprehensive directions in larger public interest to streamline urban development and enforcement. "We are of the opinion that construction(s) put up in violation of or deviation from the building plan approved by the local authority and the constructions which are audaciously put up without

Govt announces formula for classifying green steel based on emissions

Steel produced with emissions below 1.6 tonnes per tonne of alloy would be classified as 'five-star green-rated steel', the cleanest of the three

Building materials hit a wall in Q2, recovery to lay bricks in FY26

Demand and margins set for slow rebuild, helping valuations cement stronger base

Delhi govt to pay Rs 8,000 each to over 90K workers hit by construction ban

The Delhi government decided on Tuesday to pay financial assistance of Rs 8,000 to each of the over 90,000 registered workers affected by the construction ban in the city due to severe air pollution. The construction ban was imposed on November 18 under the Graded Response Action Plan measure to check pollution. According to officials, the decision was taken at a meeting of the Delhi Building and Other Construction Workers Welfare Board chaired by additional chief secretary (finance) Ashish Chandra Verma. The move comes in the wake of a recent Supreme Court direction to the chief secretaries of NCR states to appear before it through video-conferencing on December 5 and inform whether or not any subsistence allowance was paid to the construction workers who went without work owing to the restrictions. An official document stated the Board "resolved" that an ex gratia amount of Rs 8000 may be released to all eligible construction workers after due verification of their status as ...

Unintended consequence: The poor face the brunt of pollution control

Construction bans are becoming the norm each winter, it is incumbent on state authorities to design a mechanism to compensate temporarily unemployed workers