Total order backlog of the engineering and construction firms was Rs.8.1 trillion at the end of FY18. Of the whole order backlog, almost 62 per cent was contributed by the construction companies, followed by 24 per cent of capital goods companies catering to the energy industry.
Tag: Construction
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Auction of eight highways to fetch Rs 54 billion
Nearly Rs 54 billion will be generated through the auction off the second tranche of eight completed national highway projects. The Toll Operate Transfer (TOT) will be responsible for the maintenance and will have the right to collect the toll on these stretches for 30 years.
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Simplex Infra bags order worth Rs 2595 cr in Q4FY18
Simplex Infra has bagged orders worth Rs 25.95 billion in the fourth quarter from January to MarchĆā18. With this the total order inflow during FY18 amounts to Rs 76.66 billion. The new orders have emanated 87 per cent from public sector and 13 per cent from private sector, 98 per cent from domestic territories and 2 per cent from abroad.
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Steel shining!
India is the third largest steel producer in the world after China and Japan and has an installed capacity of about 131 million tonne (mt) at present. It produced 101 mt of steel in FY2017 and consumed 84 mt during the same period.
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Funding Not a Constraint for Road Building Programmes
In an exclusive interview to INFRASTRUCTURE TODAY, Debjani Chakrabarti, Director Highways, Ministry of Road Transport & Highways (MoRTH) elucidates some of the key funding strategies being utilised by India as a part of the country's ambitious Rs 7 trillion roads building programme.
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Roads on a Hot Streak
Sustained government thrust through policy changes, investments and proactive addressing of nagging issues, has placed the roads sector in what could be its best growth trajectory yet.
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Post Budget Analysis | Infrastructure: Railway
Higher capital expenditure outlay for the railways (increased by 11.8 per cent from 2017v18 and 22.1 per cent from 2017v18) at Rs 1.46 lakh crore to support infrastructure projects. Of this, the budgetary allocation from the government stands at Rs 53,060 crore (up from Rs 40,000 crore in 2017v18, and marginally lower than 2017v18).
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Capacit’e Infraprojects bags project worth Rs 825 crore
Capacit'e Infraprojects Ltd, has bagged a contract worth Rs 825.01 crore (excluding GST), from Arihant Abode Ltd, a subsidiary of Arihant Superstructures Ltd, for affordable housing project christened ĆāArihant AspireĆā situated at Panvel, Maharashtra, in proximity to the proposed Navi Mumbai International Airport. The scope includes construction of civil & structural, finishing & MEP works to be executed in phases for 8 residential buildings of 42 floors each.
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JICA to aid VaranasiĆās Convention Centre
Japan International Cooperation Agency (JICA) signed a Grant Agreement with the Government of India to provide grant aid of up to Rs 130 crore for the construction of the International Cooperation and Convention Centre in Varanasi.
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The Right Investment
India is in the news for 'change'. From the days of slow economy to rapid change in economic reforms and a growth story rewritten, the nation is making waves in the global arena.