Sadbhav Engineering has won a Rs 212-crore highways project from the National Highways Authority of India (NHAI) in Rajasthan. The project falls under National Highway Development Project (NHDP)
Tag: Construction
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Advanced airport roofing solutions
Tata BlueScope Building Products, a business division of Tata BlueScope Steel, caters to the infrastructure, industrial, commercial and solar segments with its LYSAGHT® range of roof and wall cladding profiles and structural products.
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FDI norms in construction
The government is proposing relaxation of norms for foreign direct investment (FDI) in construction, a move that could open up funds flow into the financially stressed sector.
Under current rules, 100 per cent FDI is allowed through the automatic route in development of townships, housing and built-up infrastructure, subject to stringent conditions.
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Rs 1.5k cr road projects on deck
India is home to several bad roads be it the metropolitans, the cities or the villages. Bad road conditions are nothing new to India and the problem is being addressed since the last 30 years. However, of lately, many road projects have been sanctioned by the government and are up for bidding.
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EPC: Exciting year ahead
Plans: Within our business verticals we are looking at increasing scope and scale, new addressable markets and new geographies. New business growth shall come from not just EPC business but through BOT, PPP and construction. Urban infrastructure wherein we have synergies with our industrial infrastructure (such as urban transport) are being ventured into. These new forays cumulatively shall drive growth in the next 3-5 years.
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EPC: Exciting year ahead
Plans: Within our business verticals we are looking at increasing scope and scale, new addressable markets and new geographies. New business growth shall come from not just EPC business but through BOT, PPP and construction. Urban infrastructure wherein we have synergies with our industrial infrastructure (such as urban transport) are being ventured into. These new forays cumulatively shall drive growth in the next 3-5 years.
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Aurangabad civic body to take up repairs on 18 roads
Aurangabad Municipal Corporation (AMC) has stated that it would soon start construction of eighteen roads in the city. In the first phase, the municipal body will carry out repairing and resurfacing of these roads with an investment of Rs 15 crore.
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Belling the insurance cat
Project owner or contractor-who should be buying the insurance? Vikash Khandelwal explains. On a recent flight back to Delhi, I bumped in to a builder friend, who told me that in most of his projects, he asked his various contractors to buy insurance policies on their contracts.
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BRO to start work on Reasi road in J&K
In Jammu and Kashmir, the Border Roads Organisation (BRO) on September 27 started construction of Reasi-Mahore road and submitted compliance report after the District Magistrate initiated criminal proceedings against its Chief Engineer and notice served up the DG BRO for bad condition of roads in Reasi.
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Borrowing of infra firms rises faster than revenue
Official data shows that the borrowing of 17 construction and infrastructure (C&I) companies that are part of the BSE-500 index has risen more than their revenue and net profit during the last five years since 2008. While borrowings of these firms rose a little over five times, to Rs 2.7 lakh crore since 2008, their revenue and cas