Cement prices likely to rise

EFC Secures Rs 57 Cr Interior Fit-Out Contract from MNC

EFC (India) Ltd has been awarded a Rs 57 crore interior and fit-out contract by a leading multinational company. Scheduled for completion in 90 days, the project falls under the company’s design and build (D&B) division.The scope includes comprehensive commercial interiors, underscoring EFC's capabilities in large-scale infrastructure development. “This contract reaffirms our execution strengths and consistent quality,” said Umesh Sahay, Managing Director, EFC.The win marks another step in EFC’s expansion across integrated infrastructure services, reflecting the increasing trust of..

Ahluwalia Contracts Wins Rs 11 Bn Projects in Two Cities

Ahluwalia Contracts has secured construction orders worth over Rs 1,100 crore for projects in Gurugram and Bengaluru. The contracts mark a strategic expansion in the residential sector.The Rs 821 crore order from Whiteland Corporation involves constructing high-rise towers under the 'Urban Resort' project in Sector 103, Gurugram, scheduled for completion in three years. The second project, 'The Beacon' by Nestled Haven Estates and Maia Estates in Bengaluru, is valued at Rs 282.5 crore and includes structural and finishing works over 32 months.These wins further strengthen Ahluwalia’s presenc..

Coal India Pledges Rs 10 Bn to Talcher Fertilisers JV

Coal India Ltd (CIL) will invest Rs 1,067 crore in Talcher Fertilizers Ltd by subscribing to shares via a rights issue. Talcher Fertilizers, a joint venture with GAIL (India), RCF, and FCIL, is reviving an old FCIL facility with a coal gasification-based urea plant in Odisha.CIL will acquire over 106 crore equity shares as part of the transaction expected to conclude by July 9. The Talcher project, India’s first of its kind, aims to produce 12.7 lakh tonnes of urea annually.Despite delays from the COVID-19 pandemic affecting contractor Wuhuan Engineering, the project has reached 65.66% compl..