Construction

Jindal Steel posts drop in Q1 profit on higher expenses, fall in prices – ET Infra

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[ad_1] BENGALURU: India‘s Jindal Steel and Power reported a 15% drop in first-quarter profit on Friday, hurt by the rise in expenses and fall in steel prices. The New Delhi-based company’s consolidated profit after tax fell to 16.92 billion rupees ($204.31 million) in the three months ended June 30 from 19.90 billion rupees a year

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SAIL reports a 74 pc decline in net profits in Apr-June quarter – ET Infra

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[ad_1] NEW DELHI: Steel Authority of India Limited (SAIL) reported a 74 per cent decline in consolidated net profits in April-June 2023 quarter at Rs 212.48 crore. The state-owned company declared its financial results for the June quarter on Thursday evening. In the same quarter last year, the net profits or Profit After Tax were

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Top L&T, Cognizant execs face corruption allegations – ET Infra

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[ad_1] S. N. Subrahmanyan NEW DEHI: The Vigilance and Anti-Corruption Unit in Chennai has accused past and present top executives of L&T and Cognizant of “criminal conspiracy” and other offences under the Prevention of Corruption Act for allegedly bribing officials of Chennai Metropolitan Development Authority (CMDA), state housing, urban development department, as well as the

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Kolkata’s brick sewer line to get Rs 145-crore makeover – ET Infra

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[ad_1] Representative Image KOLKATA: The world’s third-oldest functioning brick sewer line – India’s first – in central Kolkata’s Moulali, is set to undergo a major revamp. The Kolkata Mucicipal Corporation (KMC) has revived a Rs 145-crore upgrade project for the 147-year-old town outfall brick sewer line, three years after it was first conceptualized, with the

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L&T group’s revenues surged rose 20 times since 1999: Naik – ET Infra

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[ad_1] Larsen & Toubro group’s top line grew 20 times to around Rs 1.83 lakh crore, bottom line soared 45 times and share price zoomed 15,000 per cent since 1999, A M Naik said as he chaired the conglomerate’s annual general meeting for the last time on Wednesday. It was in 1999 that the group

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India needs 12% growth; if China could do it, why can’t we, asks AM Naik – ET Infra

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[ad_1] AM Naik, Group Chairman, L&T, says “the rate of growth has to be in double digits. For 20 years, China has grown in double digits. They may be in single digits now but they have done it. 45 years ago, China was compared with India, today they are competing with the US. That is

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‘Most road infra projects in city a big racket of construction firms’ – ET Infra

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[ad_1] NAGPUR: Few days back, city MP and Union transport minister Nitin Gadkari announced two more infrastructure projects including a flyover from Police Line Takli to Katol Naka and a tunnel from Tekdi Road to Civil Lines below Morris College Square. These new projects would provide a lasting solution to the traffic congestion, he said.

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Housing prices across top eight cities in India increased 7%: Report – ET Infra

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[ad_1] Housing prices across the top eight cities in India increased 7% y-o-y amid robust housing demand backed by continued homebuyer demand and stable interest rates. Kolkata recorded the highest increase in residential prices at 15% y-o-y, followed by Delhi NCR and Hyderabad with 14% and 13% y-o-y increase, respectively, according to a joint report

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YEIDA announces scheme for 1200 plots, 500 flats near Noida Airport – ET Infra

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[ad_1] In a golden opportunity to home buyers, Yamuna Expressway Industrial Development Authority (YEIDA) in Gautam Buddha Nagar has introduced two residential schemes near the upcoming Noida International Airport.What are the plot size of YEIDA new residential scheme?The flat scheme include 468 flats, while the plot scheme offers 1,184 plots ranging from 120 to 2,000

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Delhi govt nod for transplanting 200 trees for two projects – ET Infra

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[ad_1] NEW DELHI: Chief minister Arvind Kejriwal has approved a proposal allowing the transplanting of 107 trees to clear land for the common Central Secretariat building at the Ashoka Road project site. Delhi government has also approved the request of Northern Railway for transplanting 96 trees to construct a multi-storied residential building for Western Railway

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