Page 3 - Construction

Nearly 3,500 projects completed including 217 bridges under PMGSY in J-K

Nearly 3,500 projects, including 217 bridges, have been completed under the centrally sponsored Pradhan Mantri Gram Sadak Yojana (PMGSY) over the past two decades in Jammu and Kashmir, officials said on Sunday. The information was given at a meeting chaired by Joint Secretary, Ministry of Rural Development, Amit Shukla here to conduct a comprehensive review of the implementation of the PMGSY in the Union territory. The review focused on expediting project completion, ensuring adherence to quality standards and enhancing rural connectivity across the region, the officials said. The PMGSY was launched in Jammu and Kashmir during 2001-02 with the aim to provide all-weather connectivity to unconnected habitations in rural areas with a population of more than 250 as per the 2001 Census. A total of 3,742 projects, including 305 bridges, having a road length of 20,801 kilometres have been sanctioned for J&K since the inception of the PMGSY. Besides this, 2,140 habitations having a ...

CM Dhami inaugurates 168 crib centres for construction workers' children

CM also distributed 60 computers, funded by CSR, to the Labor Department and Employees State Scheme Offices

Adani Infra to pick 30% stake in PSP Projects, make an open offer

Post the transaction and open offer, Adani Infra to acquire joint control over PSP Projects along with the existing promoter group

Prism Johnson posts bigger-than-expected Q2 loss on tepid cement demand

Average cement prices slumped to a 51-month low around July-end and the first half of August, and only rose marginally in the later part of the quarter

Nearly 50% of construction workers' welfare cess funds unutilised

As on March 31, only Rs 64,193 crore was spent on workers' welfare, while Rs 47,800 crore remained unutilised

Two units of Adani Road Transport accept bids for Rs 1,125 cr bond issue

Mancherial Repallewada Road and Suryapet Khammam Road accepted bids worth Rs 237 crore and Rs 282 crore

NGT issues notice over construction works endangering Punjab ecosystem

The National Green Tribunal has sought a reply from authorities, including the regional office of the Union Ministry of Environment, Forest and Climate Change (MoEFCC) in Punjab, in a matter regarding the alleged extensive construction activities in Chandigarh's periphery which was threatening the local ecosystem. The green body was hearing a matter where it had taken suo motu (on its own) cognisance of a newspaper report regarding the Punjab forest department raising alarm over the activities. In an order dated October 1, a bench of NGT Chairperson Justice Prakash Shrivastava said, "As per the article, the Punjab forest department has flagged several sites in Mirzapur, Jayanti Majri, Karoran, Bharonjian, Siswan and Nada villages, where construction is taking place on lands recently de listed from forest status. It is alleged that developers are reportedly building farmhouses and plots in these areas, violating the Supreme Court guidelines on de listed forest lands and these lands,

Top eight listed developers pare debt by 54% in Q1 FY25, says report

Net debt of the top eight listed developers collectively stands at approx. Rs 20,808 crore as of Q1 FY25-end

NBCC arm gets Rs 1,000 crore contract to develop Gondwana University campus

State-owned NBCC said its arm Hindustan Steelworks Construction has bagged a Rs 1,000-crore contract to develop the campus of Gondwana University in Maharashtra. In a regulatory filing, NBCC said its subsidiary Hindustan Steelworks Construction Ltd has recently been awarded a Rs 1,000-crore contract to develop the campus of Gondwana University, Gadchiroli, Maharashtra. NBCC is mainly into project management consultancy and real estate businesses.

Construction sector helps to lift US private payrolls in Sep, shows data

Private payrolls increased by 143,000 jobs last month after rising by an upwardly revised 103,000 in August, the report showed

Signature Global gives Rs 320 cr contract to ACC to build housing project

Realty firm Signature Global has given Rs 320 crore contract to ACC India for construction of its luxury housing project in Gurugram. The company has appointed ACC India Pvt Ltd for civil, structure and part MEP work for all the towers, basements and other ancillary buildings for its group housing project 'Twin Towers DXP' in Sector 84, Gurugram, Haryana. The total contract value is Rs 320 crore, the company said in a statement. Signature Global has not launched this project for sales. Lalit Aggarwal, Vice Chairman, Signature Global, said, "This is going to be one of the finest projects that we will be executing and will be a crowning jewel in our portfolio." "It will be one of the tallest in the area and Arabian Construction Company, along with their Indian subsidiary ACC India, is known for constructing many prominent towers in the Middle East and India, showcasing their proven expertise in delivering this project," Aggarwal said. Ani Ray, Managing Director of ACC India Pvt Ltd

Cement makers may end H1FY25 with higher raw material costs, weak pricing

In a judgement passed in August, the Supreme Court upheld states' authority to impose additional taxes on minerals, including limestone, with effect from April 2005

Ram Temple complex construction to be concluded by June 2025: Officials

Ram Temple Construction Committee chairperson Nripendra Misra on Friday said that the work on Ram Temple complex will be concluded by June 30, 2025. Friday was the second day of the three-day meeting of the Ram Temple Construction Committee being held in Ayodhya. In a statement issued, Misra said, "It is estimated that the construction of the (temple's) 'Shikhar' (spire) will take about 120 days. Our target was December, but it is not possible." "The construction of the spire will be completed by February 2025. The idols of the Sapta Mandir being built in the complex are being made in Jaipur. The idols of sages and saints would be installed here. This work will be completed by December 2024. The work of the Ram Mandir complex will be completed by June 30, 2025," Misra said. Meanwhile, a member of Shri Ram Janmabhoomi Teerth Kshetra Trust Anil Mishra on Thursday said that the trust is working to ensure that the supplies of essential stones required for the construction are unloaded

Israel to carry out recruitment drive in India for 10k construction workers

Israel has approached India recently to carry out a recruitment drive again for 10,000 construction workers and 5,000 caregivers simultaneously to plug the skill gap in infrastructure and health sectors, the National Skill Development Corporation said. This comes on the back of a similar request made by Israel earlier this year, the NSDC said. The statement assumes significance as a media report on Tuesday claimed faulty selection under a bilateral jobs scheme, under which Indians would be taken to Israel to work in the construction sector, after over 1 lakh Palestinian workers were banned in the wake of the Hamas attack of October 7 last year. Citing data from the Israeli Embassy, the report claimed that around 5,000 workers each have been recruited through two "pathways": Government-to-Government (G2G) handled by National Skill Development Corporation (NSDC) and Business-to-Business (B2B) through private agencies overseen by the Ministry of External Affairs. According to NSDC, th

DMRC redesigns Phase-4 construction plans to avoid felling 69 trees

The Delhi Metro Rail Corporation (DMRC) has redesigned its Phase-4 construction plan to save 69 trees on the Janakpuri West-RK Ashram Marg Corridor, officials said on Monday. They said that permission was received for felling overall 15,508 trees across Delhi for this phase, and approval was awaited for cutting 71 more on the Majlis ParkMaujpur Corridor. "The DMRC has redesigned its construction plans to avoid felling of 69 trees on the Janakpuri West to RK Ashram Marg corridor. Earlier, permission was sought for these trees as well. "For Phase-4 works overall, permission has been received for the cutting of 15,508 trees across Delhi. Out of these, 5,003 trees have been cut and over 7,000 have been transplanted," the official stated. The DMRC makes provisions for the plantation of 10 trees for each tree cut or transplanted for construction. All efforts are made to either avoid areas with trees while planning the alignment or transplantation, they said. However, delays in receiving

Cement sector to invest Rs 1.25 trillion as capex by FY27: CRISIL

The agency said an analysis of 20 cement makers, accounting for over 80 per cent of the industry's installed cement grinding capacity as of March, indicates the stated capex combined

Labour ministry launches centralised portal for construction workers

Preparedness of states/UTs with respect to harmonisation and finalisation of draft rules under the four new labour codes also reviewed

Local manufacturing will offer 25K cr annual opportunity for vendors: ICRA

Currently, India imports nearly 50 per cent of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others

Construction equipment sales rise 5% to 28,902 units in Q1 FY25: ICEMA

India's construction equipment industry witnessed a 5 per cent rise in sales to 28,902 units during the April-June quarter of 2024-25, a report said on Friday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 27,577 units in the same period of the previous fiscal. "The first quarter sales of construction equipment in FY2024-25 grew 5 per cent on a year-on-year basis from 27,577 units in Q1 FY2023-24 to 28,902 units in Q1 FY2024-25," it said. The report further said the growth was a result of increasing year-on-year sales in three of the five main equipment segments of the CE industry in the April-June 2024 period. "These were earthmoving equipment with a 5 per cent increase, road construction equipment with a 9 per cent increase, and concrete equipment with a growth of 11 per cent. "Material handling equipment and material processing equipment, on the other hand, clocked 3 per cent a

India Cements posts consolidated net profit of Rs 58.5 crore in Q1

Capacity utilisation for the company was adversely affected due to the free fall in cement prices, resulting in a suboptimal operating performance for the quarter