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construction firms

BCD group bags order worth Rs 184 cr for housing project in Bengaluru

Construction firm BCD Group has bagged Rs 184 crore worth of work order in Bengaluru to construct a residential project in Bengaluru. In a statement on Monday, BCD Group said it has bagged construction work for a residential project from Ramsons Trendsquares in Bengaluru. The housing project 'Ramsons Trendsqure East Park Residences' has a 1.5 million square feet area. The scope of the work for BCD is a general civil contract. The project will need close to 700 skilled workers during the peak operations. The "Bengaluru real estate market is increasingly growing premium with home buyers looking for high-end projects from trusted developers. "As developers' preferred partners, we are at the forefront of bringing innovation and new construction technology to design, develop and market the project among the target customers," Angad Singh Bedi, Managing Director at BCD Group, said. BCD Group, established in 1952, is one of the leading players in the Indian construction and design ...

BCD group bags order worth Rs 184 cr for housing project in Bengaluru
Updated On : 15 Jul 2024 | 4:41 PM IST

Builders cut project completion time by 20% in top 7 cities: Anarock

Real estate developers across seven major cities are taking an average 18-20 per cent less time to complete a project because of tight regulations and the use of latest construction technologies, according to Anarock. Real estate consultant Anarock data analysed all projects that were launched and completed between 2010-2019 and 2014-H1 2024 across the top seven cities. In the last decade, the average time taken to complete smaller projects of less than 500 units across these seven cities was four years, while builders took 4.9 years to complete large projects of more than 500 units each. During 2010-19 period, the average time taken by builders was 4.9 years for small projects and 6.1 years for larger ones. So, the average completion time across seven major cities has fallen by 18 per cent in small projects and 20 per cent in large projects during the period under review. "The stringent rules imposed on project delays by the regulatory authorities have also been a key factor in .

Builders cut project completion time by 20% in top 7 cities: Anarock
Updated On : 14 Jul 2024 | 6:39 PM IST

Kalpataru Projects Board to meet on June 10 to mull fund raise; stock up 6%

The surge came after the company announced that its board will meet on June 10 to approve raising of funds by way of issuance of Non Convertible Debentures (NCDs) on private placement basis

Kalpataru Projects Board to meet on June 10 to mull fund raise; stock up 6%
Updated On : 06 Jun 2024 | 11:18 AM IST

KEC International share price rallies 7% on Rs 1,000-crore order win

The surge came on the back of an order win worth Rs 1,002 crore

KEC International share price rallies 7% on Rs 1,000-crore order win
Updated On : 05 Jun 2024 | 1:17 PM IST

NBCC Ltd Q4 results: Consolidated net profit rises 26% to Rs 136 crore

State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024. Its net profit stood at Rs 108.4 crore in the year-ago period. Income from operations rose to Rs 4,024.5 crore in the fourth quarter of the last fiscal as compared to Rs 2,813.35 crore in the corresponding period of the previous year, according to a regulatory filing. During the 2023-24 fiscal, net profit rose to Rs 401.55 crore from Rs 266.66 crore in the preceding year. Income from operations grew to Rs 10,432.63 crore in the last fiscal as against Rs 8876.36 crore in the 2022-23 fiscal. NBCC is into project management consultancy (PMC) and real estate business.

NBCC Ltd Q4 results: Consolidated net profit rises 26% to Rs 136 crore
Updated On : 28 May 2024 | 8:12 PM IST

NCC shares surge 7% on strong Q4 performance

The industrial building construction company's net profit increased 25.2 per cent in the fourth quarter of financial year 2024 (Q4FY24) to Rs 239.2 crore

NCC shares surge 7% on strong Q4 performance
Updated On : 16 May 2024 | 10:06 AM IST

Escorts Kubota plans to invest Rs 4,500 cr in new plant in coming years

Farm and construction equipment manufacturer Escorts Kubota Ltd plans to invest up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant, according to its whole-time director and CFO Bharat Madan. The company is currently in talks with the Rajasthan government for a site at Ghiloth, where it intends to set up the greenfield plant to double its domestic tractor production capacity to 3.4 lakh units annually, while also setting up new engine and construction equipment lines in phases. "The greenfield plant will involve doubling tractor production capacity, setting up a new engine line and a construction equipment line in phases. Overall, the greenfield project may cost Rs 4,000 crore to Rs 4,500 crore over the next three-four years," Madan told PTI. He further said, "This year we expect to procure land which may cost Rs 400 crore to Rs 450 crore and then start construction by the end of this fiscal. At present, the company has a total annual tractor

Escorts Kubota plans to invest Rs 4,500 cr in new plant in coming years
Updated On : 12 May 2024 | 12:05 PM IST

Construction equipment sales rise 26% to 135,650 units in FY24: ICEMA

India's construction equipment industry witnessed a 26 per cent rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. "With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections," it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments. "The industry's excellent annual performance has been a result of significant increase in demand for construction equipment observed

Construction equipment sales rise 26% to 135,650 units in FY24: ICEMA
Updated On : 06 May 2024 | 8:12 PM IST

Construction sector firms' revenues to see 12-15% growth this fiscal: ICRA

India's construction sector entities' revenues are likely to grow by 12-15 per cent in the current financial year, while margins will expand by 25-50 bps, rating agency ICRA said on Monday. It further said that the government's infrastructure push will result in double-digit revenue growth for the construction industry in FY2025. The rating agency said it maintains a stable outlook on the sector with steady growth in operating income, moderate leverage, and healthy coverage metrics. "The aggregate order book-to-sales ratio of ICRA's sample set of companies stood at around 3.9x as of December 2023 (compared to 3.4 times during March-2023), thereby indicating a healthy revenue growth prospect over the medium term," ICRA vice president and co-group head - corporate ratings Ashish Modani said. He said, ICRA expects the revenue growth in FY2025 to remain healthy at 12-15 per cent on a year-on-year basis, albeit slightly lower than the 18-20 per cent revenue expansion assessed for FY2024

Construction sector firms' revenues to see 12-15% growth this fiscal: ICRA
Updated On : 29 Apr 2024 | 7:55 PM IST

Siemens Q3 results: Net profit up 9% at Rs 505 crore, revenue rises 17%

In his outlook, Mathur said, 'Capex demand across segments, largely driven by Capex spending in Public Infrastructure, continues to be good. Private Capex is also beginning to pick up'

Siemens Q3 results: Net profit up 9% at Rs 505 crore, revenue rises 17%
Updated On : 13 Feb 2024 | 7:32 PM IST

Atmastco to launch IPO worth Rs 56 crore on Feb 15 at Rs 77 apiece

Engineering, procurement and construction firm Atmastco Ltd on Monday said it will raise a little over Rs 56 crore through an initial public offering that will open for subscription on February 15. Post the completion of the Initial Public Offering (IPO), shares of the Bhilai- headquartered company will be listed on the National Stock Exchange's Small and Medium Enterprise (SME) platform -- NSE Emerge. The company's IPO is a combination of fresh issue of 54.8 lakh equity and an Offer For Sale (OFS) of 18.25 lakh shares with a fixed price of Rs 77 apiece, according to a statement. At this price, the company will mobilise Rs 42.2 crore through the fresh issue and Rs 14.06 crore by way of OFS. Proceeds from the fresh issue will be primarily used for funding the working capital requirements of the company. Besides, some amount will be used for repayment of loans and general corporate purposes. The maiden public issue opens for subscription on February 15 and will conclude on February

Atmastco to launch IPO worth Rs 56 crore on Feb 15 at Rs 77 apiece
Updated On : 12 Feb 2024 | 3:38 PM IST

Patel Eng Q3 results: Profit grows to Rs 70 cr, total income at Rs 1,076 cr

Patel Engineering Ltd (PEL) has reported a multi-fold jump in its consolidated net profit to Rs 70.2 crore during the quarter ended December 2023, supported by higher income. It had clocked a net profit of Rs 19.4 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The company's total income rose to Rs 1,076.1 crore from Rs 980.6 crore a year ago. Expenses stood at Rs 1,030.9 in the reporting quarter as against Rs 940.5 crore in the third quarter of last fiscal. In a separate statement, the company's CMD Rupen Patel said, "Our adaptability and resilience are evident in our increased turnover of Rs 3,200 crore in the nine-month period, marking a 19.17 per cent growth as against the corresponding period in the last year." The company is expected to sustain an upward trajectory through various projects and joint ventures, he said. Kavita Shirvaikar, whole-time director & CFO said, "With a focus on prudent financial ..

Patel Eng Q3 results: Profit grows to Rs 70 cr, total income at Rs 1,076 cr
Updated On : 12 Feb 2024 | 3:37 PM IST

HCC Q3 results: Profit at Rs 233 crore, expenses fall to Rs 1,412 cr

Hindustan Construction Company (HCC) on Thursday reported a consolidated profit of Rs 233.22 crore in the December quarter. The company had clocked a net loss of Rs 283.72 crore in the year-ago period, the company said in a BSE filing. Its total income in the third quarter of the ongoing fiscal rose to Rs 1,512.30 crore, as against Rs 1,359.51 crore in the corresponding period of the last fiscal. Total expenses declined to Rs 1,412.43 crore in the period under review from Rs 1,759.54 crore in the year-ago period. HCC in a statement said the company received provisional completion certificates for the Sawalkot Tunnel project in the third quarter. In NH34 package 3, all the works have been completed, and final commercial operation has been awarded for the remaining stretch of 9.8 km, it added. According to the company, three more projects, including two in Jammu & Kashmir, are in advanced stages of completion. The major hydro projects of Tehri and Vishnugad Pipalkoti in Uttarakhan

HCC Q3 results: Profit at Rs 233 crore, expenses fall to Rs 1,412 cr
Updated On : 08 Feb 2024 | 9:11 PM IST

Construction growth in Assam created large-scale job opportunities: Sarma

Ongoing construction activities across Assam have created large-scale employment opportunities in the state, Chief Minister Himanta Biswa Sarma said. He also said that youths, in search of employment, were migrating to other states owing to lack of requisite skills, and taking up low-paying jobs there. The chief minister was speaking at the inauguration of a skill training centre at Gogamukh in Dhemaji district on Wednesday. He stressed on the need for the state's youths to get trained in new-age and modern technical work, so that they can equip themselves for remunerative job opportunities available across the country as well as abroad. The Assam government has joined hands with Larsen and Toubro (L&T) to set up the centre with the objective of enhancing the skills of registered construction workers, aligning trained resources in the construction industry, and connecting trainees with future skills and modern technology. Sarma also appealed to the youths to get themselves trained

Construction growth in Assam created large-scale job opportunities: Sarma
Updated On : 08 Feb 2024 | 9:44 AM IST

Garuda Construction and Engineering files IPO draft papers to raise funds

Garuda Construction and Engineering Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. With this, the total number of draft offer documents filed by the companies has reached 10 in this year so far. The proposed IPO is a combination of a fresh issue of 1.83 crore equity shares and an Offer For Sale of 95 lakh equity shares by promoter PKH Ventures Ltd, according to the Draft Red Herring Prospectus (DRHP) uploaded on Sebi's website on Wednesday. Proceeds from the fresh issue will be used to support the working capital requirement of the Mumbai-based company and for general corporate purposes, including unidentified inorganic acquisition. PKH Ventures currently holds 77.07 per cent stake in Garuda Construction and Engineering. Garuda Construction and Engineering is involved in several projects for residential, commercial, residential-cum-commercial, hospitality, infrastructure and industrial projects. According to

Garuda Construction and Engineering files IPO draft papers to raise funds
Updated On : 07 Feb 2024 | 5:49 PM IST

Budget: India Inc results may mirror govt expenditure in upcoming qtrs

In comparison, Larsen & Toubro, Maruti Suzuki, and Bajaj Auto have seen strong double-digit growth in net sales and net profit. fuelling a rally in their share prices

Budget: India Inc results may mirror govt expenditure in upcoming qtrs
Updated On : 01 Feb 2024 | 11:17 PM IST

Construction equipment sales rise 30% to 36,055 units in Q3: ICEMA

India's construction equipment industry has witnessed a 30 per cent rise in sales to 36,055 units in the third quarter of the current fiscal, a report said on Monday. As per the data released by Indian Construction Equipment Manufacturers Association (ICEMA), the construction equipment (CE) industry had sold 27,817 units in the third quarter of the previous fiscal. "Of the overall sales for Q3 FY24, 33,135 units were sold domestically and 2,920 units were exported," it said. Sales of material handling equipment rose 46 per cent to 4,482 units and concrete equipment sales grew 43 per cent to 3,840 units during the period. Road construction and material processing equipment sales stood at 1,958 and 688 units, registering an increase of 38 per cent and 18 per cent, respectively. ICEMA President V Vivekanand requested the government to ensure that the steady pace of execution of projects is maintained, which is critical for the consistent growth and development of the construction ...

Construction equipment sales rise 30% to 36,055 units in Q3: ICEMA
Updated On : 30 Jan 2024 | 7:12 PM IST

J Kumar Infraprojects bags construction order worth Rs 379 crore in Mumbai

J Kumar Infraprojects Ltd on Monday said that it has bagged a construction order worth Rs 378.7 crore. The project pertains to the construction of a flyover. "The company is in receipt of Letter of Acceptance...for the project...design and construction of the flyover (Missing Links) from Link Road, Andheri (West) to Poonam Nagar (JVLR) adjacent to the alignment of Metro Line - 6 of Mumbai Metro Rail Project of MMRDA from Mumbai Metropolitan Region Development Authority," the company said in a filing to BSE. The project is to be completed within a period of 30 months, the filing said. JKIL is into construction of urban infra projects including metros, flyovers and bridges. It is focused on engineering, procurement and construction projects, having foothold in various sectors like urban infrastructure, transportation and civil construction.

J Kumar Infraprojects bags construction order worth Rs 379 crore in Mumbai
Updated On : 04 Dec 2023 | 12:16 PM IST

India's construction sector levels up as housing demand spurs economy

The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed

India's construction sector levels up as housing demand spurs economy
Updated On : 02 Dec 2023 | 11:19 AM IST

Rs 8.45 trillion & rising: Orders flood major capital goods firms

"This intuitively looks like an all-time high factoring in inflation," said Anupama Arora, a senior independent analyst who tracks the capital goods sector

Rs 8.45 trillion & rising: Orders flood major capital goods firms
Updated On : 26 Nov 2023 | 11:04 PM IST