Larsen and Toubro, the engineering and construction major, told on Tuesday that it will be bidding for the development of the second line of conventional submarines of the Indian Navy.
 
L&T has the credit for constructing the largest of Indian shipyards in near Chennai and in Gujarat. ...

3C Company, Noida-based green building developer, announced the launch of a Rs.1, 550-crore green residential project in the national capital region on Thursday.
 
The project named Lotus Boulevard will be funded by realty private equity firm Red Fort Capital. The firm in return will acquire ...

Punj Lloyd, the engineering and construction major, has plans to raise Rs.670.18 crore either via private placement of securities or through qualified institutional placements (QIP).
 
The company will be issuing 2.79 crore equity shares at a rate of Rs.240.20 per share, aggregating to ...

Pranab Mukherjee has proposed some more concessions in direct and indirect taxes, especially for infrastructure, housing and food processing industries, to push the country's growth.
 
The proposed measures were announced during Mukherjee's reply to the debate in the Lok Sabha, on the ...

Punj Lloyd, the construction and engineering major, said it has posted a net profit of Rs.125 crore in the first quarter for 20091-2010, up 27% from the Rs.98 crore it earned in the corresponding quarter last fiscal.
 
Revenues increased 12% to Rs.2,979 crore, compared to Rs.2,658 crore in ...

Operating profits of construction major, Hindustan Construction Co (HCC), rose 22% to Rs.112 crore for the first quarter this fiscal, as compared to Rs.91 crore posted in the year-ago period.
 
The company's turnover increased 8% to a little over Rs.964 crore from Rs.895 crore in the ...

Hindustan Construction Corp (HCC) is eyeing for some Rs.300 billion worth of projects in three years, a top company official said here on Tuesday.
 
"Our target for next three years is to get an order-book of Rs.30,000 crore and we are hopeful that we will achieve it," said HCC ...

The Government of Andhra Pradesh has scrapped the Rs 12,230-crore Hyderabad Metro Rail contract with Maytas, the company owned by Satyam’s former chairman, Ramalinga Raju.

Anam Rama Narayana Reddy, the Minister for Municipal Administration and Urban Development said that the deal was ...

India's cement and manufacturing sectors, hit firmly by economic slowdown last year, are now picking up. This would impact other sectors positively.

Ajay Shankar, secretary at the Department of Industrial Policy and Promotion, confirmed this to the reporters on the sidelines of a seminar in New ...

Leading realty company Parsvnath Developers Ltd on Thursday (March 5) launched a housing project called Parsvnath Royale Floors in Lucknow. The new housing project will offer houses ranging from Rs1.39 million to Rs 2.75 million. The company informed that an investment of Rs Rs.1 billion will be ...

The joint venture company of Gayatri Projects Limited and Ratna Infrastructure Projects Private Limited has bagged Rs 21.31-billion contracts. Gayatri Projects holds 80 percent share while Ratna Infrastructure claims the rest in the JV. Under the proposed contracts, the JV company will ...

The Offshore Engineering and Construction Co of Iran has bagged a $210-million contract to repair Indian oil rigs. Informing about the contract, the deputy director for projects Nozar Aryan stated that as many as six Indian drilling rigs will be renovated by the Iranian company. The renovation ...

The Hyderabad-based construction and infrastructure development company, Maytas Infra Limited has bagged Rs 169.5-crore project from the Hyderabad Metropolitan Water Supply and Sewerage Board for the construction of Godavari Drinking Water Supply plant. The entire water supply project will be ...

Sahara has tied up with Gleeds for the development of its Sahara City Homes brand of townships in 217 cities of India. Under the new deal, leading international management and construction consultant, Gleeds will provide consultancy and project management for Sahara's chain of townships. The ...

Parsvnath Developers has entered into joint venture with Spanish construction company Constructora San Jose SA to capture the infrastructure sector. Under the new agreement both the companies will hold equal stakes in the joint venture company San Jose-Parsvnath Consortium. The JV company will ...

India-based construction firm Nagarjuna Construction Co (NCC) has decided to execute four new projects in the United Arab Emirates (UAE). Out of the four projects, the construction of an academic institute in Dubai is considered to be very vital with a total construction value of 200 million ...

The state of Gujarat is likely to get two new cement plants having a total install annual capacity of six million tonnes. The mega cement plants will be set up by leading infrastructure industrial house, Jaypee Group. Apart from these, the company is also planning to come up with a greenfield ...

Hindustan Construction Company (HCC) has acquired Rs 360-crore contract order from Lanco Infratech. Under the new contract, HCC will engage in the construction related work of Teesta Hydro Electro Power Project in Sikkim. Speaking to media, the company official informed the HCC will work on 16.5-km ...

The setting up of 18 industrial projects worth Rs 31 billion has received green signal from the Himachal Pradesh government. This decision was taken in a state level meeting on window clearance and monitoring authority on September 26, 2008. The chairman of the meeting was the chief minister of ...

The Apollo Hospitals group in collaboration with the subsidiary of US drug major Merck & Co, MSD Pharmaceuticals is going to create 200 sugar clinics in India in order to counter the problem of diabetes. Under this project Apollo has agreed to provide the clinical infrastructure, whereas the ...

Dubai has given the contract of building twin-tower complex, 'G-Emporium' to the leading infrastructure solutions provider Simplex Infrastructures Ltd. The project is worth Rs 6.3 billion. The newly planned twin tower in the city of Arabia will be a commercial tower consisting of 56 storeys. ...

Punj Lloyd on September 23, 2008 revealed that it has bagged a $800 million (Rs 3,636 crore) contract from Qatar Petroleum. According to the leading engineering firm Punj Lloyd, the newly planned construction project includes engineering, installation and commissioning order for laying of 211 km ...

Chennai's Empee group of companies has come up with a new plan for expanding its hospitality business. The latest expansion plan includes construction of new luxury hotels, renovation of the existing ones and getting hold of new properties. According to the company officials, Empee group is aimed ...

An official from the Kolkata-based Jai Balaji Industries informed on September 18, 2008 that the firm is planning to set up a steel, cement and power plant at Purulia. The official added that the company will start working on this project this November provided the state government gives them the ...

Real estate firm Chintels India plans to invest Rs 1,800 crore in developing properties in the northern India. The investment is aimed to achieve Rs 4,000-crore revenue by 2014. According to company source the firm has identified five commercial projects in Gurgaon and few farm houses in Delhi. ...

Omaxe, realty company, has declared that it has begun the construction of a township covering 336-acre at Patiala in Punjab. It added that it will be partnered by Patiala Development Authority (PDA) in this project that will see an investment of Rs 800 Crore. A formal statement was issued by Omaxe ...

Indian engineering and construction company Punj Lloyd on Tuesday, September 9, 2008, declared that its fully owned subsidiary Punj Lloyd Pte Ltd has clinched an order from the FWP of Singapore. It informed that the order is worth $37.7 million or Rs 1.7 billion.
 
FWP happens to be a joint ...

The Karnataka Power Corporation Ltd (KPCL) inked a deal with the Chhattisgarh government on Monday, September 8, 2008 to build a 1,200 MW thermal plant in the state by investing Rs.60-billion. Sources inform that this plant will probably come up in Chhattisgarh's northern region, where the mines of ...

Ansal Properties and Infrastructure, real estate major, declared on Wednesday, August 20 that it is going to spend Rs 3,600 Crore for developing a 270 acre special economic zone (SEZ) and parks across India. The Ansal Properties issued a statement, which informed that the proposed SEZ will comprise ...

The Mumbai-based Sarovar Hotels and Resorts is looking forward towards catering to the needs of mid-upper middle level businessmen and holiday makers in India. It therefore opened Hometel previous week as the country’s first branded budget hotel and has eight more such hotels in the pipeline. ...