Bandra-Worli Sea Link, Pir Panjal Tunnel, Santacruz-Chembur Link Road, Jammu-Udhampur Highway—just some of India’s most iconic landmarks that have left us awestruck. These structures would not have been possible without the creativity and commitment of our engineers.
Interest rates are marching upwards. Financiers are shying away from infrastructure development projects. With no let-up in sight, developers have no choice but to seek alternate sources of funds and apply financial management skills to tide over the situation, finds Charu Bahri
Contract Value: Rs 32.28 crore Particulars: Construction of warehouse Era Infra Engineering Ltd has bagged a contract from Bihar State Building Construction Corporation for the construction of warehouse at Kudra in Kaimur.
The June-September 2010 has been the worst quarter for construction industry. Prolonged monsoon and heavy precipitation have impacted operations of infrastructure projects while governments, both at Centre and states, were slow in awarding new contracts, analyses.
Era Infra Engineering, the flagship company of the Era Group, has leveraged its equipment-hiring vertical to boost the overall revenue. And, if the recent financial statement of the company is anything to go by, the vertical has salvaged the company from making any losses.
A consortium led by MBL Infrastructures has won a project from the Rajasthan government for developing Bikaner-Suratgarh section of NH-15 to two-lanes. J Kumar Infraprojects has bagged contracts from Pune Municipal Corporation