Real estate development largely drives the plumbing fittings market. Now Swachh Bharat Abhiyan, the Government´s ambitious project to extend sanitation facilities to every household by 2019 is expected to boost demand for certain plumbing products. As per the 2011 census, only 46 per cent of 25 crore households in India have a toilet.
Nabinagar Power Generating Company (NPGC), which is a Joint Venture (JV) between NTPC and Bihar State Electricity Board, awarded a Rs 357 crore contract to Era Infra Engineering (EIEL). In a communication to the Bombay Stock Exchange (BSE), the Delhi-based EIEL said the contract is for supply of steam generator (SG) and offsite civil works package for Nabi
Delhi Metro Rail Corporation (DMRC) awarded a Rs 383.7 crore contract to Era Infra Engineering (EIEL) for the construction of elevated viaduct, five elevated stations at the Kochi Metro Rail corridor in Kerala. The contractor is also responsible for architectural finishing, plumbing works of stations on Alwaye-Petta line of Kochi Metro Rail Project. EIEL is an integrated infrastructure company with its presence across the country
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
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.
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.