Infrastructure Project Awarding Surges in October While Tendering Dips

Infrastructure project awarding continued its strong growth momentum in October 2023, registering a 65% year-on-year expansion to Rs 569 billion, while tendering activity witnessed a 11% decline to Rs 1.1 trillion, as per the latest monthly update report published by leading brokerage Antique Stock Broking Ltd. The total value of infrastructure projects awarded in October […]

Order given for Rs 276-cr elevated extension to Mulund-Airoli bridge

The Mumbai Metropolitan Region Development Authority has given a Rs 276-cr order to J Kumar Infraprojects to build an elevated road from the ending point of the Mulund-Airoli bridge to the Thane-Belapur highway. The elevated road would ease traffic for those going from areas near Mulund to Navi Mumbai. At present, motorists have to go […]

GMR Infra wins contract to build Kakinada commercial port

GMR Infrastructure said its unit Kakinada SEZ Ltd has won the contract to create a greenfield, commercial port in East Godavari District of Andhra Pradesh. The Greenfield Port would be located at around 30 Km North from the city of Kakinada and proposed to be developed as an all-weather, deep draft, multi-cargo port, the infrastructure […]

HCC wins Rs 368 cr railway tunnel project in Manipur

Hindustan Construction Company said it has won a Rs 368 crore contract from the Northeast Frontier Railway to Construct a safety tunnel between Tupul and Imphal in Manipur state in joint venture with Vaishno Cement Company Limited. This is part of the new railway line project being constructed between Jiribam and Imphal of Northeast Frontier […]

Gayatri Projects wins Rs 926 cr order in Bihar, to be funded by Japanese company

Gayatri projects, a highway infrastructure company, said it has won a Rs 926 crore four-laning project of NH 82 in Bihar to be funded by Japan International Coorporation Agency. The project will cover the Gaya-Hisua-Rajgir-Nalanda-Biharsharif route of NH 82 in Bihar, said the company. It has received projects for Rs 12,000 crores in the past […]

Kalpataru developer to support Mumbai railway station painting drive

Real estate company Kalpataru Ltd said it will support ‘Hamara Station Hamari Shaan’, an initiative to beautify the railway premises in Mumbai. The project includes makeover of 36 Railway stations across Central and Western suburban lines in Mumbai between 2nd to 8th October 2016. It is a joint initiative of ‘Mumbai First’ and ‘Making A Difference’ […]

Jain Irrigation unit to supply €18.7 mn solar-powered irrigation system to Eritrea

NaanDanJain Irrigation Ltd., a producer and provider of tailor-made irrigation solutions company, said it entered into an agreement worth 18.7 million Euros with Ministry of Agriculture and National Development, Eritrea, for the supply and installation of solar-powered drip irrigation systems. NaanDanJain irrigation Ltd is a wholly owned subsidiary of Jain irrigation and is head quartered […]

L&T bags projects of ₹ 1,458 cr including international projects in Saudi Arabia

Larsen & Toubro announced that it has bagged orders of ₹ 1,458 cr, which includes a project from Saudi Electricity Company for the construction of a 132 kV double circuit transmission line and 132 kV cabling in Saudi Arabia. Power transmission & distribution business wing of the company has received engineering, procurement and construction projects […]

Petronet LNG tries innovative services to boost Kochi utilization

Petronet LNG Ltd said it is offering value-added-services to enhance the utilization of the Kochi LNG terminal, which has been a big drag on the company’s finances. The 5 million tonnes per annum (mtpa) has been a major headache for the company as various infrastructure bottlenecks have prevented the terminal from raising utilization levels beyond […]

Piramal, APG tie-up to bridge Infra funding gap

Piramal Enterprises Limited (PEL) and APG Asset Management, the Dutch pension fund asset manager, formed a strategic alliance for investing in rupee denominated “mezzanine” instruments issued by infrastructure companies in India with a target investment of US$ 1 billion over the next 3 years, the companies said. PEL and APG have each initially committed US$375 […]