The revised estimate of 9,000-9,500 km, down from an earlier forecast of 9,500-10,000 km, reflects the impact of an extended monsoon and slower project awarding across FY2024 and FY2025. India’s road construction activity is projected to slow sharply in FY2026, with the Ministry of Road Transport and Highways (MoRTH) expected to execute just 9,000-9,500 km,...
Tag: procurement
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Tata Power Profit Rises 6% in Q1 FY2026 on Strong Renewable and Distribution Gains
State-level infrastructure mandates and clean energy projects drive revenue and operational momentum across Tata Power’s business verticals. Tata Power, India’s largest vertically integrated power company, reported a consolidated profit after tax (PAT) of ₹12.62 billion for Q1 FY2026, marking a 6 per cent year-on-year increase. The company’s revenue rose to ₹174.64 billion, up 4 per...
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NBCC Signs MoU with Sahakari Awas Nirman Evam Vitt Nigam Ltd. for land development in Lucknow
NBCC signed a Memorandum of Understanding with Sahakari Awas Nirman Evam Vitt Nigam Ltd. on 09.01.2025 for execution of mixed land use development of Poorvi Vihar, Lucknow. The MoU was signed in the presence of Dr. Suman Kumar, Director (Commercial), NBCC by the authorized representatives of both the organizations.. Out of a total land area...
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Will QCBS phase out L1 for Infrastructure Procurement?
The limits for QCBS system of procurement have been lifted says Pratap Padode, Founder & President, FIRST Construction Council who has been a strong proponent of the QCBS system of procurement. Read on… The limits for QCBS system of procurement have been lifted says Pratap Padode, Founder & President, FIRST Construction Council who has been a strong...
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PNC Infratech receives bonus for early completion of road projects
PNC Infratech increased 11.46% after EPC company announced bonus
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Acwa Power inks $900 mn contract for Neom Green Hydrogen Project
Acwa Power owns 33.3% in the Neom Green Hydrogen Company
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SECI floats tender for 44 MW solar projects at Singareni Collieries
The last date to submit the bid for solar projects is May 17
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Construction Technology: The need of the hour!
CW is organising the CONSTRUCTION TECHNOLOGY SUMMIT on July 22-23, 2021, virtually to identify proven, innovative and globally established construction technologies. In the past, the construction industry has been extremely reticent in adopting technology. Prime hurdles include education among skilled labour, on-the-job training, use of manual labour instead of machines, and lack of enforceability. But...
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UP’s largest solar project commissioned in Kanpur
One of the country’s leading module manufacturers and comprehensive engineering, procurement and construction (EPC) solutions and rooftop solar providers, Vikram Solar, has announced the completion of an 85 MW solar plant project for NTPC in the district of Kanpur Nagar.
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L&T Hydrocarbon Engineering wins large Mumbai High contract
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of engineering, procurement and construction (EPC) projects to defence multinational, Larsen & Toubro, has secured a contract from Oil & Natural Gas Corporation (ONGC) for their new living quarter (LQ) & Revamp at NQ Complex (NLRNC- RT2) project at Mumbai High.