Construction

Adani Cement exits industry lobby group Cement Manufacturers’ Association – ET Infra

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[ad_1] Adani Cement, which owns Ambuja Cement and ACC, has exited the industry lobby group Cement Manufacturers’ Association (CMA), which represents all large cement players in the country, said people in the know. This comes after the Adani Group company had a difference of opinion on multiple issues with the CMA, the people cited above […]

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Five Adani Group stocks settle in positive territory – ET Infra

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[ad_1] Representative Image NEW DELHI: Five of the ten listed Adani stocks ended in the positive territory on Tuesday after the group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme. The stock of Ambuja Cements jumped 4.54 per cent, ACC rallied 2.47 per cent, Adani Power gained 1.37 per

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Larsen and Toubro bags EPC orders – ET Infra

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[ad_1] NEW DELHI: Larsen and Toubro (L&T) on Tuesday said its subsidiary has bagged significant orders in the domestic market. “The buildings and factories (B&F) business of L&T Construction has recently secured engineering, procurement, and construction (EPC) orders in India,” the infrastructure major said in a statement. The orders have been received from a reputed

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Sanghi Cement gets non-binding offers from Nirma Group, JK Org – ET Infra

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[ad_1] NEW DELHI: Nirma group and JK Organisation have submitted non-binding offers to acquire between 40% and 72% stake in Sanghi Cement, creating a three-way contest for the Ahmedabad-based cement manufacturer, which has also drawn interest from at least one other player, according to sources briefed on the matter. ET had reported on April 29

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Govt likely to blacklist bridge construction firm – ET Infra

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[ad_1] PATNA: A day after the collapse of a portion of the under-construction Aguani Ghat-Sultanganj bridge on river Ganga, the state road construction department (RCD) is likely to blacklist the firm, SP Singla Construction Ltd, which was constructing it. The bridge was supposed to connect Khagaria and Bhagalpur districts. The RCD on Monday served a

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Adani Group repays loans worth $2.65 billion – ET Infra

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[ad_1] Gautam Adani MUMBAI: Infrastructure conglomerate Adani Group on Monday said it has repaid loans to the tune of $2.65 billion, highlighting two separate debt accounts it had paid off in March this year to win back investor trust after the Hindenburg report. The group’s ratio of net debt to EBITDA, or operating profit, was

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Centre aims at refractories in PLI 2.0 to support 300 MT steel – ET Infra

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[ad_1] Representative Image KOLKATA: The Centre is looking to include refractories in the upcoming Production Linked Incentive Scheme 2.0 for steel as it aims at doubling the country’s production capacity for the metal to 300 million tonne by 2030, an official said. Refractories are a critical input for steel production, and India depends on the

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L&T Finance to sell bad loans worth Rs 3,000 crore – ET Infra

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[ad_1] MUMBAI: L&T Finance has initiated a bidding process to sell non-performing loans worth Rs 3,022 crore to asset reconstruction companies. These loans are spread across 10 accounts, including Nirmal Lifestyle Developers, Nirmal Lifestyle Malls, and Supertech. The largest loan up for sale is Nirmal Lifestyle Developers’ Rs 790-crore debt, followed by Supertech at Rs

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Shree Cement wins bid for Maharashtra limestone mine – ET Infra

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[ad_1] India’s third largest cement manufacturer, Shree Cement, has won the bid for a limestone mine in Maharashtra’s Chandrapur district with estimated reserves of 50 million tonne, as per details sourced from a government website. The mine is capable of servicing raw material requirements for a 1.5 million tonne per annum cement manufacturing plant, according

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