Infrastructure Industry News, India Infrastructure News

ICTT project to be operational by June

The ICTT at Vallarpadam in Cochin is likely to be operational by June this year.

Hindujas to invest $10 bn in power

Hinduja Group is close to acquiring an Indian construction firm.

L&T bags 2 orders worth Rs 2,155 cr from NFL

Larsen & Toubro said on Monday that it has received two orders worth Rs 2,155 crore from National Fertilisers Ltd.

GMR Infra Q3 profit plunges 85 pct

GMR Infra posted nearly 85 per cent decline in consolidated net profit at Rs 9.2 cr.

More incentives for small scale sector

The Government increased the incentives for the cluster development programme.

Lanco Infratech Q3 net up 34 pct at Rs 106 cr

Lanco Infratech said its consolidated net profit rose by 33.83 per cent to Rs 106 crore.

AI loss narrows on improved load factor

Crisis hit state-owned carrier Air India on Wednesday said its net loss for the quarter ended December 31, 2009, declined by 9.7% to Rs 1,473.85 crore against Rs 1,632.23 registered during the corresponding period in the previous year.

Divestment in 3 shipping cos next fiscal

The government will divest its stake in three shipping companies—Cochin Shipyard, Shipping Corp of India and Dredging Corp of India —in the next fiscal,a top shipping ministry official said.

L&T forms JV with SapuraCrest Petroleum

L&T formed a Joint Venture with SapuraCrest Petroleum to undertake installation of pipelines and construction of offshore rigs and platforms in India.

Next BRT corridor in East Delhi: Dikshita

Delhi CM said the next BRT corridor will come up in East Delhi in which design changes will be incorporated keeping in view the 'lessons learnt'.

IIMB, MphasiS partner to set up disability services office

IIMB, MphasiS announced a partnership to set up disability services office.

India needs sustainable cities: Sibal

India has an opportunity to build big sustainable cities that can cater to needs of 21st century unlike Europe and US, says Kapil Sibal.

IVRCL bags Rs 1,550 cr road project from NHAI

IVRCL Infrastructures & Projects said it has bagged an order worth Rs 1,550 crore from NHAI for construction of road.

'India needs an efficient regulator for nanotechnology'

India should have an efficient regulatory body and well defined protocols for dealing with the deployment of nanotechnology, handling, movement and approval of nano products.

L&T bags order worth Rs 987 cr from GNFC

L&T has bagged an order worth Rs 987 cr from GNFC for setting up a gas generation plant at Gujarat.

NHAI mulls change in toll fee norms

The financial burden on users of national highways is likely to come down soon. A negative feedback from the commuters has forced the ministry of road transport & highways to propose changes in the existing rules for tolling of two-lane highways.

IL&FS hikes stake in Maytas Infra to 37.01%

Private lender Infrastructure Leasing & Financial Services Ltd has increased its stake in Maytas Infra to 37.01%.

NHAI gives clean chit to Gammon, Hyundai in Kota bridge collapse

NHAI has given a clean chit to construction firms Gammon India and Hyundai Engineering in the collapse of the bridge over Chambal river.

New ways to fix equity return on road projects

An empowered group of ministers, chaired by finance minister Pranab Mukherjee, has decided that a new mechanism should be evolved to calculate a “reasonable” return on equity a company can seek to develop a highway project on annuity basis.

Delhi ranked top e-commerce hub

eBay India, country's leading eCommerce marketplace has ranked Delhi as the top eCommerce hub in the country followed by Mumbai and Chennai.

Govt to set up plastic parks

The government is planning to set up plastic parks in the country.

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