With IRB raising Rs 5,035 crore by unlocking six projects, Virendra Mhaiskar, Chairman and Managing Director, says that the entity would repay the entire debt on these Special Purpose Vehicles (SPVs), amounting to Rs 3,350 crore.
Tag: Construction
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Richa Industries receives Rs 35-crore order from Delhi Metro Rail Corp
Richa Industries Limited, a construction and engineering company, has secured an order worth Rs 35 crore from Delhi Metro Rail Corporation (DMRC) for constructing six elevated Metro stations on the Mukundpur-Shiv Vihar Corridor and a depot-cum-workshop of the Jahangirpuri-Badli Corridor Phase III of Delhi MRTS.
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CITIC Investment Co delivers China Zun Tower in an innovative factory setting
China Zun Tower, part of the rejuvenation of BeijingÂ’s Central Business District (CBD), is a symbol of the countryÂ’s national identity. The skyscraper will be home to CITIC Group and CITIC Bank headquarters and attract international financial institutions and top 500 enterprises of China to Beijing.
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Gangavaram Port contributes Rs 15.40 lakh for societal development works
Gangavaram Port has contributed Rs 15.40 lakhs for undertaking developmental works in Gangavaram village. The Gangavaram Port management has contributed the amount under its Corporate Social Responsibility program with an objective to bring about growth and support the welfare of the local people.
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Record 47,350 km of PMGSY roads constructed in 2016-17
A record 47,350 km of Pradhan Mantri Gram Sadak Yojana (PMGSY) roads was constructed during 2016-17. This is the highest construction of PMGSY roads in a single year, in the last seven years. While 25,316 km of PMGSY roads were constructed in 2013-14, road construction in 2014-15 was 36,337 km and in 2015-16, it was 36,449 km.
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Infra push to see cement demand improve to 5percent in FY18, says ICRA
An expected revival in the infra space may help cement demand to grow to around 4 to 5 per cent in the next fiscal, according to ratings agency ICRA.
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Bentley Systems issues call for submissions to the 2017 ‘Be Inspired’ Awards
Bentley Systems Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, has announced its call for submissions to the 2017 ‘Be Inspired’ Awards programme.
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XCMG push benches contribute to Malaysian infra development
XDN525 push benches from machinery manufacturer XCMG have served in Malaysia for the first time in the sewage treatment project in Kuala Lumpur
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India is on the cusp of large-scale urbanisation
Infrastructure status for affordable housing was a long-standing requirement of the sector. This move should boost the volume of construction activity across the country, which has been struggling with reduction in the number of projects being launched over the last few quarters.
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Infrastructure tag will create liquidity in the sector
The affordable housing sector is looking and feeling upbeat! The sector has been finally granted infrastructure status, in addition to interest rate subsidies through the PMAY scheme, the income-tax breaks have been extended effectively till 2024 and finally the government has moved the idea of providing regulatory and construction approvals within 60 days.