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.
The October-December 2010 quarter saw the highest growth in topline among the past five to six quarters, but profitability remained sluggish, with the quarter posting decline of five per cent in net profits.
Suddenly and silently, the price of construction has gone up dramatically in India. Construction World speaks to contractors, developers and building material majors to find out why and assess the implications for the industry and end-users.
FIRST Infocentre, unveils what Budget 2011 has in store for the construction industry and what top players have to say. The Indian economy has apparently reverted to its pre-crisis growth trajectory in 2010-11. And this growth is more broad-based than seen in recent years.
The construction sector is likely to witness further squeeze in order inflow in 2012 as corporates defer capex plan due to higher interest rates and slow economic growth, rating agency Fitch has said. construction firms order books showed 15-20 per cent growth in FY’11.
It’s the most ambitious road development plan in Indian history: almost 9,000 km of projects to be awarded in the year ahead, the task of building 20 km of roads a day, roads that benchmark the best in the world in terms of quality and safety.