Construction

MP Lokayukta finds errors in documents of Mahakal Lok corridor – ET Infra

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[ad_1] BHOPAL: The Madhya Pradesh Lokayukta department has found loopholes in the tender process in the first phase of the Mahakal Lok corridor project, sources said on Thursday. In its preliminary investigation, the Lokayukta department has noticed some lack of clarity in agreement between the Ujjain Smart City board and Gujarat-based private firm that developed

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India’s IT dept conducts survey action at 5 Shree Cement locations – CNBC-TV18 – ET Infra

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[ad_1] Representative Image BENGALURU -India’s income tax (IT) department was conducting a survey action at five locations of Shree Cement in the north-western state of Rajasthan, CNBC-TV18 reported on Wednesday, citing sources. The Kolkata-headquartered cement firm and IT department did not immediately respond to Reuters’ requests for comment. A survey action by the IT department

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MyHome Group Constructions forays into warehousing and industrial parks – ET Infra

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[ad_1] Hyderabad-based MyHome Group Constructions has ventured into the development of warehousing and industrial parks with plans to develop 500 acres of land in the city. The project will be developed under the MyHome brand and will see a total development of 20 million square feet of development. “In the first phase, most investment will

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Reliance Industries is India’s most valuable company – ET Infra

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[ad_1] NEW DELHI: With a value of Rs 16.3 lakh crore, Reliance Industries is India‘s most valuable company, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore. Axis Bank’s Burgundy Private and Hurun India released an update on the list of 500 most valuable private

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Afcons begins IPO talks with banks – ET Infra

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[ad_1] New Delhi: Shapoorji Pallonji group unit Afcons has started talks with banks for an initial public offering (IPO) of shares as it seeks to monetise assets to help meet payment commitments made in loan covenants involving the company’s financiers, people aware of the stock sale initiatives told ET. A strategic sale of Afcons, an

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Cement prices to dip 1-3% this FY despite demand: CRISIL report – ET Infra

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[ad_1] MUMBAI: After seeing a 4 pre cent compound annual growth rate (CAGR) over the previous four years and reaching an all-time high of Rs 391 per 50 kg bag last fiscal, cement prices are expected to decrease by 1-3% this fiscal. Hetal Gandhi, Director – Research, CRISIL Market Intelligence and Analytics said, “CRISIL MI&A

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Adani Group looks to rope in more lenders to refinance $3.8 billion – ET Infra

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[ad_1] The Adani Group is in discussions to rope in at least five new international banks as it looks to refinance $3.8 billion of loans of varying tenors taken for the acquisition of ACC Limited and Ambuja Cement last year, said people aware of the ongoing discussions. According to these people, the majority of Adani‘s

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Chennai: 34 project tenders in 3 months – ET Infra

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[ad_1] CHENNAI: In a few months many works for beautifying the city will begin. This will improve the infrastructure in the neighbourhood with development of three beaches-Kasimedu, Thiruvottiyur and Neelangarai-Akkarai-along with, parks, playgrounds and improved bus stands. The Chennai Metropolitan Development Authority (CMDA) will soon be calling for tenders for 34 projects announced in the

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Govt likely to invite financial bids for privatising NMDC Steel – ET Infra

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[ad_1] The government is likely to invite financial bids for privatising NMDC Steel only after the commissioning of the blast furnace at the company’s steel plant in Chhattisgarh, according to officials. Officials expect the value of the company to go up once the blast furnace of the steel plant becomes operational. NSL is expected to

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Tata Steel plans Rs 16k cr capex for domestic, global operations – ET Infra

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[ad_1] Tata Group’s steel manufacturing arm, Tata Steel, is planning a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year, reported PTI, citing the company’s CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee. The company has earmarked Rs 10,000 crore

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