Infrastructure Companies

KEC International bags ₹3,243 crore orders for transmission line, towers

The orders include 400 kilovolts (kV) transmission lines in the United Arab Emirates (UAE) and the supply of towers, hardware, and poles in the Americas, the company said

RITES targets ₹10,000 crore order book by FY26, eyes private sector growth

RITES ended FY25 with ₹8,800 crore in orders and aims for ₹10,000 crore by FY26, focusing on execution, private sector projects, and exports to West Asia and Latin America

Real estate stakeholders turn cautious amid global uncertainty: Report

Knight Frank-Naredco Q1 2025 report shows real estate sentiment index dipped amid global volatility, though office market and premium housing stay resilient

Swastika Infra files papers with Sebi to raise Rs 200 cr through IPO

Swastika Infra, an EPC solutions provider in power distribution, infrastructure projects, has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an Initial Public Offering (IPO). The Jaipur-based company's IPO is a combination of a fresh issue of shares worth Rs 200 crore and an Offer For Sale (OFS) of 19.2 lakh shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP). The company is looking to mop up Rs 40 crore in the pre-IPO round, and if such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 145 crore have been earmarked for funding, incremental working capital requirement; besides, a portion will be used for general corporate purposes, the draft papers filed on March 30 showed. Swastika Infra is an engineering, procurement and construction (EPC) company, specialising in the execution of power distribution infrastructure projects. T

KBC Global approves bonus share issue, proposes to change company's name

Nashik-based KBC Global on Monday said its board has approved a bonus share issue of one new share for every share held by shareholders and a proposal to change the company name to Dharan Infra-EPC Ltd. The company also said that it looks to reduce debt in the near future and expedite expansion plans to turn around business operations. The board of directors in the meeting held on Friday approved the bonus issue in the ratio of 1:1 subject to approval of the shareholders of the company, the company statement said. The board also approved a proposal to increase authorized capital and proposed renaming KBC Global Ltd to Dharan Infra-EPC Ltd or another name approved by the ROC. The company said its order book stood at over Rs 260 crore. Recently, Patanjali Food and Herbal Park and Falcone Peak Fund (CEIC) Ltd, among others, invested Rs 99.50 crore in the company and the proceeds will be utilized for the repayment of debt, it said. The company also announced the appointment of Naresh

Genus Power Infrastructures Q2 results: Net profit jumps to Rs 58 cr

Genus Power Infrastructures on Tuesday reported a multifold jump in its standalone net profit of Rs 58.25 crore in the September quarter due to higher income. It had posted Rs 11.02 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 518.28 crore from Rs 268.51 crore a year ago.

J Kumar Infra up 3% on Rs 298-cr work order from Pune Municipal Corporation

The rise in J Kumar Infra share price came after the company announced that it has secured an order worth Rs 297.83 crore from Pune Municipal Corporation (PMC).

Rising order inflows, execution to help road infrastructure companies

Execution is likely to improve sharply in H2FY25 after some pickup in Q2FY25. Only 95 kilometres (km) of projects were awarded in Q1FY25 versus a full-year target of 5,000 kilometres

Infra company Ceigall India's IPO subscribed 61% on Day 1 of offer

The initial public offer of infrastructure company Ceigall India received 61 per cent subscription on the first day of bidding on Thursday. The Rs 1,252.66-crore initial share sale received bids for 1,35,07,627 shares against 2,23,13,663 shares on offer, as per the NSE data. The category for non-institutional investors received 90 per cent subscription, while the retail individual investors part got subscribed 80 per cent. Ceigall India on Wednesday said it has mobilised Rs 375 crore from anchor investors. The initial public offering (IPO) has a price band of Rs 380 to Rs 401 per share. The public issue will conclude on August 5. The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 684.25 crore and an Offer-For-Sale (OFS) of up to 1.42 crore equity shares worth Rs 568.41 crore, at the upper end of the price band, by the promoters, and an individual shareholder. This takes the total issue size to Rs 1,252.66 crore. Promoters and promoter group entities -- Ramne

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Billionaire Shapoor Mistry's SP group weighs $2 billion asset sales: Report

The company is working with an adviser to seek buyer for its holdings in Afcons Infrastructure Ltd., a Mumbai-based infrastructure construction company, the people said

Share buyback and revamp of disclosure norms on Sebi board's agenda

New framework proposes enhancing amount companies can repurchase vis-a-vis free reserves

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

IL&FS resolves Rs 56,943 cr debt as of Sept, addresses 93% of target

Infra lending firm's affidavit says it has reduced the number of entities under it from 302 to 101

Rated Indian infrastructure firms most exposed to currency risk: S&P

Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation

Growth of core sector output recovers to 3-month high in September

The Reserve Bank of India last month also revised its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Listed firms managing liquidity challenges well, says India Ratings

Given the tightening liquidity conditions and higher cost of borrowings, corporates with a weak credit profile are likely to tap a loan against shares facility to meet their funding requirements

Infrastructure firms can resist further rupee depreciation: Moody's

Generally, corporate infrastructure issuers have features that shield them to currency weakness

Infra, capital goods' firms get order book booster in June quarter

Orders for companies grew 15-57% in the first quarter of the financial year