Page 5 - Infrastructure

Salasar Techno Engineering Q4 results: Net profit grows 30% to Rs 20 cr

Steel structure maker Salasar Techno Engineering has reported a 30 per cent growth in consolidated net profit to Rs 19.31 crore in the March 2025 quarter, driven by higher revenues. It had posted a net profit of Rs 15.21 crore in the January-March period of the preceding fiscal, the company said in an exchange filing on Friday. During the fourth quarter, the company's total income increased 32 per cent to Rs 472.68 crore from Rs 358.42 crore in Q4 FY24. Salasar Techno Engineering is a steel structure manufacturer and engineering, procurement and construction infrastructure company, catering to telecom, energy and railways sectors.

AM/NS India launches two new patented steel products under Optigal

AM/NS introduces Optigal Prime and Pinnacle with high corrosion resistance and eco-friendly features, aiming for 25% share in India's colour-coated steel market

PM Modi to inaugurate development projects worth Rs 48,520 crore in Bihar

Prime Minister Narendra Modi will inaugurate and lay foundation stone of multiple development projects worth over Rs 48,520 crore in Bihar's Karakat on Friday. The PM, who arrived in Patna on a two-day visit to the state on Thursday, will also address a public rally in Karakat. According to an official communication, "The PM will inaugurate, lay foundation stone and dedicate to the nation multiple development projects worth over Rs 48,520 crore in Karakat. Boosting power infrastructure in the region, he will lay the foundation stone for the Nabinagar Super Thermal Power Project, stage-II (3x800 MW) in Aurangabad district worth over Rs 29,930 crore, which will aim at ensuring energy security for Bihar and eastern India". It will boost industrial growth, create job opportunities, and provide affordable electricity in the region, it added. Further, in boost to the road infrastructure and connectivity in the region, the PM will lay the foundation stone for various road projects includi

UP govt to invest Rs 6,124 crore on building ring roads, bypasses

The Uttar Pradesh government is set to invest Rs 6,124 crore in the construction of ring roads, bypasses, and flyovers across the state, it said in a statement on Sunday. The Public Works Department (PWD) has prepared a blueprint that outlines road connectivity expansion for the financial year 2025-26 with 62 projects in all. According to the PWD, priority will be given to high density regions and those with heavy vehicular movement. The initiative not only aims to boost connectivity but also improve traffic management. Under the initiative, various types of industrial parks are being developed across the state, with such factors as freight movement and road connectivity in consideration. PWD said that in the current financial year it will build 62 bypasses and ring roads with priority in areas having a population of over one lakh. Municipalities and councils connected already with national highways will not be included in this plan. In those areas, the construction of bypasses

Tata Steel completes 5MT Kalinganagar expansion; capacity crosses 26MT

Tata Steel on Thursday announced the completion of the phase II expansion project at Kalinganagar in Odisha, taking its overall capacity to 26.1 million tonnes (MT) in the country. With the completion of the 5 million tonne expansion project undertaken at an investment of Rs 27,000 crore, the capacity of Kalinganagar plant stands at 8 MT from 3 MT earlier, the steelmaker said in a statement. Odisha CM Mohan Charan Majhi inaugurated the expanded Tata Steel Kalinganagar (TSK) plant on Thursday. T. V. Narendran, CEO and Managing Director, Tata Steel, said: "This expansion reflects our deep belief in Odisha's potential and our long-term commitment to this State. Kalinganagar is more than a manufacturing site for us. It symbolises what is possible when communities, government, and industry work together." Tata Steel aims to target supply advanced high-strength steels for sectors like automotive, infrastructure, power, shipbuilding, and defence with the expansion. Odisha has emerged as

IRB Infra Q4FY25 results: Net profit rises 13.7% to ₹214.72 crore

IRB Infra reports 13.7% YoY rise in Q4 net profit; FY25 profit surges on exceptional gains, while revenue sees modest annual growth and toll collections beat industry

Signature Global may launch NCR projects worth ₹17,000 crore in FY26

Realty major picks Dwarka Expressway and Southern Peripheral Road micro markets, but remains open to launching future projects in Noida and Delhi as well

Govt needs to reinterpret viability gap funding for building social infra

Public spending on social infrastructure is constrained by the government's commitment to fiscal consolidation

After constraints get addressed, IIFCL book can grow to ₹4 trn by FY28: MD

P R Jaishankar talks about the road ahead for India Infrastructure Finance Company

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

IFFCO-Tokio enters surety bonds business to support infra projects

IFFCO-Tokio joins a handful of insurers offering surety bonds to support small contractors and infrastructure projects as segment eyes Rs 3 trillion growth by 2030

Telcos to airports: Allow us to provide indoor telecom infrastructure

Telcos say current rules prohibit unlicensed third parties from deploying active or passive telecom infrastructure, urge airports to grant rights to licensed operators

Infra boost, lower repo rates, ready units aid market recovery: CREDAI

The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and a resilient housing market has emerged in the January-March 2025 period, the study prepared by the Confederation of Real Estate Developers' Associations of India (CREDAI), Chennai said on Sunday. Projects nearing completion or ready-to-occupy continued to be the preferred choice among buyers, it said. The recent reduction in the repo rate by the Reserve Bank of India and the Central government's revised income tax slabs has further supported buyer sentiment, particularly among first time buyers, the report said. Sales of residential units grew 7 per cent quarter on quarter to 3,783 units during the three month period while it was 27 per cent growth year-on-year. Southern suburbs accounted for the majority of

Swiggy expands 10-minute food delivery service 'Bolt' to over 500 cities

Swiggy on Friday said its 10-minute food delivery service 'Bolt', which was launched in October last year, is now operational in more than 500 cities across the country. Presently, at least one in every 10 food delivery orders delivered by Swiggy are delivered using the 'Bolt' service. The offering is now available in over 500 cities across India. Swiggy's scaling up of 'Bolt' comes at a time when its rival Eternal, formerly Zomato, has announced shutting down of the 'Zomato Quick' offering, stating it is not seeing the path to profitability without compromising on customer experience, observing that the current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes, leading to inconsistent customer experience. Swiggy Food Marketplace CEO Rohit Kapoor said, "Bolt fits into the way people live today. You're hungry, you want something now, and you don't want to compromise. We built Bolt for that moment. Seeing it scale to 500-plus cities in ju

JSW Infra Q4 results: Profit jumps 54% despite moderate cargo volume growth

The total expenses during the quarter increased by only about 1 per cent YoY, to Rs 790.6 crore

New Maharashtra EV policy aims to strengthen charging infrastructure

With outlay of ₹1,995 cr, state is targeting 30% EV registrations by 2030

Telcos fight Noida international airport's indoor telecom infra plan

Coming up in Jewar in Uttar Pradesh's Gautam Buddha Nagar district, the airport plans to grant exclusive rights to a third party to install in-building solutions (IBS)

Railway infra, Kashmiri Pandits on terror target; security forces on alert

Security forces are on high alert after inputs suggested that terrorists are "actively planning" an attack on vulnerable railway infrastructure, Kashmiri Pandits and non-locals working in the Valley, officials said. The inputs were received after the deadly Pahalgam attack on April 22, in which 26 people, mainly tourists, were gunned down by terrorists. The intelligence inputs suggest that terrorists are actively planning an audacious attack on non-locals, Kashmiri Pandits and security personnel in the coming days, they said. The officials said railway infrastructure remains a vulnerable target, as many railway staff in the Valley are non-local. The Railway security personnel, who frequently move outside their barracks in local markets, have been asked to refrain from doing so as this may increase their "vulnerability", they said. The officials said these personnel have been warned to curtail such movements with "immediate effect" to ensure their safety. A warning has also been i

Patel Engineering secures two infra projects worth Rs 2,036.89 crore

Infrastructure development company Patel Engineering Ltd on Friday said it has secured two projects worth a total of Rs 2,036.89 crore in Maharashtra and Arunachal Pradesh. In the urban infrastructure segment, Patel Engineering Ltd bagged an order for dam construction and related works in Maharashtra from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), the company said in a statement. The project is to be executed in a time period of 42 months. Patel Engineering secured another order for a 240 MW hydropower project in Arunachal Pradesh from North Eastern Electric Power Corporation Ltd (NEEPCO), it said. The project is scheduled to be completed within 44 months. The scope of work includes construction of civil and associated infrastructure works, testing and commissioning of hydro-mechanical plant and machinery leading to operation and performance of all the generating units of the hydroelectric project, according to the statement. "The hydropower proje

Energy, steel, textiles cos line up ₹5.5 trn investment in Chhattisgarh: CM

The state aims to increase its gross domestic product (GDP) from Rs 5.68 trillion in FY25 to Rs 6.35 trillion by the end of the current financial year