Web Exclusive Apr 09, 2018 NHAI awards projects worth Rs 1,220 billion in FY2017-18 Tendering and awarding projects picked up only after the sanction of ambitious Bharatmala programme and subsequent new procedure for sanction being put in place in November 2017. As reported, during this drive, post Bharatmala, 232 projects were put on tenders involving around 11,200 km of road length costing more than Rs 1,960 billion.
Web Exclusive Apr 06, 2018 Highway project awards surges 70 per cent to all-time high Awarding of highway construction projects rocketed 70 per cent to an all-time annual high in fiscal 2018, spanning ~7,400 km and valued at Rs 1.2 lakh crore, data from the National Highways Authority of India (NHAI) showed.
Current Affairs Apr 01, 2018 Sterling and Wilson integrates MEP business, targets Rs 3,000 crore by 2020 Sterling and Wilson has evolved to become India's leading MEP contracting company, having integrated its various offerings and services under a single MEP entity. All five services -electrical, HVAC, fire-fighting, plumbing and IBMS - have been successfully incorporated into a single business unit, which has an order intake of about Rs 16 billion today.
Newsmakers Apr 01, 2018 Strong Leader Construction major Larsen & Toubro is making headlines for two important news, among others. Led by its CEO & Managing Director SN Subrahmanyan, the firm recently bagged the Rs 25-billion Shivaji Statue contract from the Maharashtra Government.
Web Exclusive Mar 20, 2018 HG Infra Engineering IPO receives total subscription of 44 per cent The initial public offering (IPO) of HG Infra Engineering received 44 per cent subscription at the bidding process held recently. As reported, the issue had receive bids for 5,319,490 shares against the issue size of 12,137,070 shares.
Web Exclusive Mar 15, 2018 Reliance bags Uppur thermal power project on EPC Reliance Infrastructure (RIL) has recently been awarded a Rs 3,647-crore engineering, procurement and construction (EPC) contract by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO), which is establishing a multi-crore supercritical thermal power plant at Uppur.
Web Exclusive Mar 14, 2018 L&T bags contract for Dwarka Expressway in Haryana The National Highways Authority of India (NHAI) has issued a Letter of Award (LoA) to Larsen and Toubro for the Package-4 of Dwarka Expressway from Basai RoB to NH-8 – SPR intersection in Haryana on EPC under the Bharatmala programme.
Web Exclusive Mar 12, 2018 Seven road rehabilitation projects approved for Madhya Pradesh The Ministry of Road Transport and Highways (MoRTH) has approved seven road rehabilitation projects in Madhya Pradesh.
Web Exclusive Mar 05, 2018 Macquarie-Ashoka bags TOT projects for Rs 97 billion A JV of Macquarie and Ashoka Buildcon has emerged the highest bidder for the Centre’s first batch of toll-operate-transfer (TOT) projects. The company has reportedly bagged projects for Rs 97 billion.