Holding forth

01 Dec 2012 CW Team

IVRCL led by Sudhir Reddy, Chairman and Managing Director, is currently going through a transformation phase - despite the hostile bid made by the Zee Group on this company, it finally decided to wind down its position after absorbing some trading losses. Now Barclays Capital Mauritius and Societe Generale have acquired a stake in the company. Yet the market capitalisation is only at Rs 1,270 crore though it comes with a robust order book of Rs 27,000 crore that is almost 5.4 times its FY12 revenue. Can IVRCL convert its huge order book of Rs 27,000 crore to a revenue of Rs 6,000-7,000 crore - which is better than the adjusted revenue of Rs 4,971 crore in 2011-12 - and yet manage to control its debt burden?

Infrastructure Energy

18 Sep 2025

MEIL Wins Mandate for India’s First Private SPR

Megha Engineering & Infrastructures Ltd (MEIL) has secured a contract from Indian Strategic Petroleum Reserves Ltd (ISPRL) to build and operate India’s first private-sector strategic petroleum reserve (SPR) at Padur, Karnataka. The 2.5 million metric tonne (MMT) project is valued at Rs 57 billion, with an estimated Rs 110.2 billion crude filling cost at current prices.ISPRL had invited bids for the second phase of SPR development at Padur, marketing the tender globally to Middle Eastern producers such as Saudi Aramco and traders including Goldman Sachs and Vitol, though no foreign firms ..

L&T Secures Major Order for Kudankulam Nuclear Project

Larsen & Toubro’s Heavy Civil Infrastructure (HCI) vertical has secured a significant order from Nuclear Power Corporation of India Ltd (NPCIL) for the 2X1000 MWe Kudankulam Nuclear Power Project (KKNPP-5 & 6) in Tamil Nadu.The contract covers the mechanical package, including installation of the nuclear reactor, turbine systems with generator and condenser, sea water systems, polar and trestle cranes, and related equipment. It also includes piping, supports, structural steelwork, painting, anti-corrosion coating, insulation, and full testing across multiple buildings and structures ..

Maharashtra Allocates Rs 1.5 Billion for Beed Railway Project

The Maharashtra government on Monday released Rs 1.5 billion to accelerate work on the Ahilyanagar–Beed–Parli Vaijnath broad-gauge railway line, taking total state funding to Rs 20.91 billion.Deputy Chief Minister and Beed guardian minister Ajit Pawar described the allocation as a “special gesture” ahead of Marathwada Liberation Day on 17 September. The project, with an estimated total cost of Rs 40.85 billion, is considered a major driver for Beed district’s development, with the state bearing 50 per cent of the cost.The 261-kilometre railway line is expected to significantly improv..