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IVRCL Q3 net loss narrows to Rs 249 crore

IVRCL Q3 net loss narrows to Rs 249 crore

Infrastructure major IVRCL has reported narrowing of its net loss to Rs 249.27 crore for the third quarter ended December 2016. The company had registered a net loss of Rs 345.47 crore in the same period a year ago.

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Finding the Right Road

Finding the Right Road

The moot question is whether good intent has been accompanied by careful planning.
It was always going to be a difficult job. Roads development, battered and bruised by a heavy load of projects awarded in the recent past, remained stalled for various reasons ranging from land acquisition and bureaucratic red tape to a lack of accountability and transparency in the bidding process.

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Hitting the road

Hitting the road

Investing in an infrastructure project isn´t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in India´s own Silicon Valley, Bengaluru

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IVRCL bags orders worth over Rs.2,600 crore

IVRCL bags orders worth over Rs.2,600 crore

VRCL has bagged orders worth Rs 2,633 crore in Karnataka and Andhra Pradesh. The company´s irrigation division has secured orders worth Rs 2,492 crore while the water division´s orders stood at Rs 140.85 crore, according to the company. The Andhra Pradesh government has awarded works under the Chittor District Water Supply Programme Phase-I to its water division. All the works will have to be executed between 18-36 months.

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IVRCL to raise Rs 1,200 cr for capital needs

IVRCL to raise Rs 1,200 cr for capital needs

To supplement its working capital requirements, Hyderabad-based IVRCL is to raise Rs 1,200 crore and infuse capital into new projects. To facilitate fund-raising, the construction and infrastructure company has enlisted the services of SBI Caps, sources said.

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IVRCL sells highway projects in TN to TRIL Roads

IVRCL sells highway projects in TN to TRIL Roads

Hyderabad-based IVRCL has monetised three road tollways by selling stake to TRIL Roads, a Tata Group company. The deal, covering all the three projects in Tamil Nadu, is estimated at Rs 2,200 crore. This stake sale agreement is part of the Hyderabad-based infrastructure company IVRCLÂ’s Strategic Business Plan to monetise its build, operate and transfer (BOT) road assets.

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Road infra cos face problems as banks are wary of lending

Road infra cos face problems as banks are wary of lending

Hyderabad-based IVRCL won a contract from the National Highways Authority of India (NHAI) on March 31 last year, to develop a 121-km stretch of road between Rajahmundry and Gundugolanu in Andhra Pradesh. Almost a year later, the company has still not managed to arrange bank loans for the Rs 1,617 crore project.

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IVRCL bags Haryana road proj

IVRCL bags Haryana road proj

Haryana government awa­rded Rs 1,201.70 crore order for four-laning a151 km stretch of a highway to IVRCL Assets & Holdings.The contract includes rehabilitation, up-gradation and widening of the existing carriageway to four-lane standards with construction of new pavement, rehabilitation of existing pavement, construction of bridges, drains, etc.

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