The festive season has begun on a positive note. Larsen & Toubro (L&T) was not only named the ‘Largest & Most Profitable Construction Company’, its SPV, L&T Metro Rail’s Managing Director KVB Reddy was also named ‘Construction World Person of the Year (Private Sector)’ at the 18th Construction World Annual Awards, and it emerged the lowest bidder at Rs 249.85 billion for the design and construction of 237-km length of viaduct for the 508-km Mumbai-Ahmedabad bullet train project
UltraTech Cement reported a 113 per cent jump in its net profit. Its consolidated net surged over twofold to Rs 12.34 billion on a year-on-year (y-o-y) basis for the quarter ended September 30. Reportedly the company’s strong performance is on the back of operational efficiencies, lower finance cost and its ability to serve all Indian markets.
PNC Infratech is an integrated infrastructure company with expertise in the successful execution of expressways, highways, bridges, flyovers and airport runways and the development of industrial areas across several states in the country.