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| 27 November, 2020, 08:46 PM IST | E-Paper
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    Construction

    JCB India : Construction equipment industry to grow in FY21

    ​​The recovery in the second quarter helped reduce the fall to 35% for the first half. Added demand during the festive period further reduced the drop to 10% till October 2020.

    India Sotheby’s International Realty eyes 40% growth as demand for luxury homes rises

    The company said that High net worth individuals (HNIs) are looking to upgrade to more spacious homes with extra room, space for gym and fitness, open spaces like gardens, terraces, and balconies, in this post pandemic normal.

    L&T bags contract to construct country's longest river bridge across Brahmaputra between Dhubri & Phulbari

    ​​"The 19 km-long bridge will be built along National Highway 127-B and will feature a navigation bridge of 12.625 km, approach viaducts of 3.5 km on the Dhubri side and 2.2 km on the Phulbari side, connected with approach roads and interchanges on both sides," L&T said in a statement.

    JSW Infrastructure acquires Chettinad Group's port business for Rs 1,000 cr; next buy in less than a year says CEO

    In an interview to ET, its managing director said the company will have at least one more brownfield or greenfield project in its kitty in the next 6 months to a year.

    State-owned construction firm, NBCC, bags orders worth Rs 1,165 crore in October

    Total income stood at Rs 1,426.27 crore in the second quarter of this fiscal year as against Rs 1,720.46 crore in the corresponding period previous year.

    Stimulus to reduce cost of bank guarantees for infrastructure contractors

    The government also announced a Rs 1.10 lakh crore platform for infra debt financing with a Rs 6,000 crore equity infusion in the National Investment and Infrastructure Fund to provide a boost to infrastructure financing.

    Larsen & Toubro emerges lowest bidder for country's longest river bridge in Northeast

    The company quoted Rs 3,166 crores to emerge as the L1 bidder in the tender floated by National Highways and Infrastructure Development Corporation.

    Construction equipment sales grow in Q2 due to increase in govt spends on infrastructure

    Sales of construction equipment had dropped 60% in the fiscal first quarter. The recovery, both sequentially and year-over-year, in the July-September period has helped reduce the fall for the first half of the fiscal year to 35%, the association said without separately specifying the growth in the second quarter. For the ongoing fiscal 2021, it had predicted sales to decline 8-10% compared with the more than 75,000 units sold in the last fiscal year.

    German Bank KfW extends 545 million Euro funding to MMRDA infra projects

    The funds to be disbursed through an agreement with India’s Ministry of Finance will be utilized to support two key mass transit projects in Mumbai. These projects are Metro line 4 from Wadala in central Mumbai to Kasarvadavli in Thane, and Metro line 4A that extends to the connectivity from Kasarvadavli to Gaimukh in Thane.

    REPL bags orders for making GIS-based master plans in Karnataka, Uttar Pradesh

    In Karnataka, REPL will formulate large scale geographic information system (GIS)-based master plans for three local planning authorities (LPAs) which include Vijayapura (525 sq km), Bagalkot (129.47 sq km) and Badami (15.91 sq km).

    REPL to prepare master plan for industrial corridor in UP’s Gorakhpur

    REPL to prepare master plan for industrial corridor in UP’s Gorakhpur

    “Technology is playing a defining role in the infrastructure development of the country. Adopting the modern-day approach in planning and execution will lead to a better infrastructure that will bolster economic growth,” said Pradeep Misra, CMD of REPL.

    Adani Enterprises to invest Rs 50,000 cr on capital expenditure in 5 years

    Adani Enterprises to invest Rs 50,000 cr on capital expenditure in 5 years

    The Gautam Adani-led group plans to infuse Rs 35,780 crore in its airport business in the next five years, AEL Chief Financial Officer Jugeshinder Singh said.

    National Investment and Infrastructure Fund acquires 2 Essel projects

    National Investment and Infrastructure Fund acquires 2 Essel projects

    The National Investment and Infrastructure Fund (NIIF) on Monday said it has acquired Essel Devanahalli Tollway and Essel Dichpally Tollway through the NIIF Master Fund. With this acquisition, NIIF has taken the first step to build its portfolio in the roads and highways sector.

    Phase 1 of AMRL SEZ completed,  13 companies begin operations

    Phase 1 of AMRL SEZ completed, 13 companies begin operations

    ​Built on smart city concept, AMRL SEZ will encompass a SEZ with an adjoining proposed DTA (domestic tariff area) and a free trade and warehousing zone. The project entails development of an integrated industrial zone over 2,518 acres in Nanguneri in the Tirunelveli district of Tami Nadu.

    Dilip Buildcon JV emerges lowest bidder for Delhi-Vadodara expressway stretch in Rajasthan

    Dilip Buildcon JV emerges lowest bidder for Delhi-Vadodara expressway stretch in Rajasthan

    Dilip Buildcon through JV has been declared as L-1 bidder for a new EPC (engineering, procurement and construction) project viz 'construction of eight lane access controlled expressway.

    Xander Group set to make over Rs 700 crore exits from Rustomjee projects

    Xander Group set to make over Rs 700 crore exits from Rustomjee projects

    The alternative investment firm had invested around Rs 370 crores in 2014 through non-convertible debentures in Kapstone Constructions, which includes residential projects including Rustomjee Urbania in Thane and Rustomjee Elements in upscale Juhu suburb of Mumbai.

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