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Bogibeel bridge's girder cost may escalate by Rs 300 crore: HCC

Last Updated: Sunday, August 9, 2015, 15:53

The cost for constructing girders of India's longest rail-cum-road bridge at Bogibeel over Brahmaputra in Assam, by a HCC-led consortium, is likely to escalate by over Rs 300 crore, mainly due to expansion and delay of the project.

Larsen & Toubro seeks shareholders' nod to raise $600 mn

Last Updated: Wednesday, August 5, 2015, 16:24

Engineering and construction giant Larsen & Toubro (L&T) has sought shareholders nod to raise up to USD 600 million (about Rs 3,200 crore) through issuing securities to meet capital requirement of growing business.

Punj Lloyd bags Rs 477 cr tankage order

Last Updated: Monday, August 3, 2015, 13:26

Punj Lloyd on Monday said it has bagged Rs 477 crore (USD 75 million) new tankage order from Japan-based Mitsubishi Heavy Industries, taking its order backlog to Rs 22,171 crore.

UAE firm gets Supertech's Rs 500-cr Gurgaon contract

Last Updated: Monday, August 3, 2015, 13:07

Real estate developer Supertech on Monday said it has signed a Rs 500-crore contract with Abu Dhabi-based Arabian Construction Company (ACC) for construction of a project in Gurgaon.

US Fed raps China Construction Bank over money laundering

Last Updated: Wednesday, July 22, 2015, 15:33

Within 60 days, the bank should submit plans for compliance programs for anti-money laundering controls, customer due diligence programs, and methods for spotting suspicious transactions, the Fed said.

Base metal industry to grow 8-10% annually: Moody's

Last Updated: Tuesday, July 7, 2015, 20:09

Indian base metals industry is expected to grow by 8-10 percent annually over the next three years on the back of increased demand from power, construction and automotive sectors, rating agency Moody's said on Tuesday.

IRB Infrastructure bags Rs 2,650-cr contract from NHAI

Last Updated: Tuesday, July 7, 2015, 16:19

The cost of the project is estimated at Rs 2,650 crore with construction period of 910 days and the concession period for the same is 24 years.

Hotel industry to see modest 6% growth in FY16: ICRA

Last Updated: Tuesday, June 30, 2015, 19:26

The revenue growth for the industry is expected to remain weak in the first half of 2015 with a growth rate of just 3 to 4 per cent and operating margins are likely to be flat, it said.

L&T wins Rs 2,278-cr orders in May, June

Last Updated: Friday, June 19, 2015, 11:16

The company's power transmission and distribution business won orders worth Rs 1,258 crore in international markets, L&T said in a filing to BSE.

Turkey keen to invest in Make-In-India initiative: Envoy

Last Updated: Tuesday, June 16, 2015, 16:56

"We are looking into the possible opportunities in the context of Make-in-India but no concrete step has been taken. We are looking forward to receiving information and possible visits from India to explain the objectives to which we can contribute," Akcapar told the media here.

Apple's main contractors leave Spaceship campus project: Report

Last Updated: Friday, June 12, 2015, 09:53

Apple Inc will no longer be working with lead construction firms DPR Construction Inc and Skanska USA on its new "Spaceship" campus, the Silicon Valley Business Journal reported on Tuesday.

Gadkari says government to fund dredging cost to up draft to 20 metres

Last Updated: Sunday, June 7, 2015, 16:52

The draft of the nation's largest port JNPT is around 16 meters currently and if this goes up to 20 meters, it can allow large ships to berth at its terminals which it is unable to do.