Construction

L&T gets highest quarterly order inflow, looks to surpass FY24 guidance – ET Infra

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[ad_1] L&T head office in Mumbai NEW DELHI: Engineering and construction heavyweight Larsen & Toubro recorded its highest quarterly order inflow of Rs. 89,153 crore at the consolidated group level in Jul-Sep, up 72% year-on-year. The consolidated order book stood at Rs. 4,50,734 crore as on September 30, with international orders having a share of […]

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Key infra sector growth slows down to 4 month low of 8.1 pc in Sept – ET Infra

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[ad_1] NEW DELHI: The growth of eight key infrastructure sectors slowed down to a 4-month low of 8.1 per cent in September 2023 against 8.3 per cent a year ago, according to the official data released on Tuesday. The growth rate in the output of refinery products, fertiliser, cement and electricity during the month under

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India’s Jindal Steel beats Q2 profit estimates on lower costs – ET Infra

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[ad_1] Indian steelmaker Jindal Steel and Power reported a higher-than-expected second-quarter profit on Tuesday, helped by a drop in raw material costs. Consolidated net profit after tax surged more than six-fold to 13.90 billion rupees ($167 million) in the quarter, beating analysts’ average estimate of 10.99 billion rupees, according to LSEG data. “(The) strong performance

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Steel producer Goodluck India Q2 PAT grows 70 pc to Rs 34 cr – ET Infra

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[ad_1] NEW DELHI: Specialty steel producer Goodluck India has posted a 70 per cent rise in its profit after (PAT) to Rs 34.70 crore during the quarter ended September 30, helped by increased income. It had clocked a PAT of Rs 20.36 crore during the July-September period of the preceding 2022-23 fiscal, the company said

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JSW One set to cross $1 billion mark in GMV this FY – ET Infra

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[ad_1] JSW One Platforms – the e-commerce venture of the JSW Group – is set to cross the $1-billion mark on an exit rate basis in gross merchandise value before the close of the current financial year riding on its strong first-half-of-the year traction. “We had said that we will exit at a billion dollars

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The world’s iron ore powerhouse is preparing to reinvent itself – ET Infra

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[ad_1] Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills. Rio Tinto Group, the world’s largest iron ore producer, shipped its first cargo

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Don’t ban non-polluting infrastructure work, say NCR realtors – ET Infra

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[ad_1] Representative Image As worsening air quality bears down on the national capital region (NCR), real estate developers have urged the government to not ban construction-related activities that don’t cause pollution, as they race to deliver housing projects on time. As per the revised graded response action plan (GRAP) for the NCR, if the air

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Odisha to spend Rs 2,000 cr to create disaster resilient infrastructure – ET Infra

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[ad_1] BHUBANESWAR: Odisha Chief Minister Naveen Patnaik on Sunday said his government has decided to spend more than Rs 2,000 crore to create disaster-resilient infrastructure in various parts of the state. Addressing a gathering virtually at a function at Rabindra Mandap here on the occasion of Odisha Disaster Preparedness Day 2023, he said the government

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Smart city projects are driving up prices of real estate: MD Hubballi Dharwad Smart City Ltd – ET Infra

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[ad_1] HUBBALLI: Projects of the Smart Cities Mission under the Union Ministry of Housing and Urban Affairs are driving up real estate prices in Hubballi, Karnataka and land prices near Tolankere Lake have seen a two-fold increase in three years, says Rudresh S Ghali Managing Director, Hubballi Dharwad Smart City Limited. Before the redevelopment of

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Ultratech Cement to invest Rs 13,000 cr for increasing capacity by another 21.9 mtpa – ET Infra

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[ad_1] Ultratech Cement‘s board on Saturday approved an investment of Rs 13,000 crores for increasing the capacity by another 21.9 mtpa (million tonnes per annum) with a mix of brown field and green field projects. The company said there will be no investment in thermal power capacity, keeping in line with the company’s mission to

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