Construction Mirror National News

BKT Group joins Kabaddi Bandwagon; Signs Multi-franchisees Sponsorship Deal with 7 Teams...

Balkrishna Industries Ltd. (BKT) – global leaders in the Off-Highway Tire market today announced a first of its kind multi-franchise sponsorship deal in the Pro Kabbadi League, signing with seven of the 12 franchisees. BKT will come on board as the official tire partner for these seven marquee teams  ...

BANDHAN: CASE SHOWCASES INFRASTRUCTURE ENABLERS...

• 752EX Vibratory Tandem Compactor makes its presence felt in Northern India

• Customers experience 1107EX Soil Compactor, 450DX mini-tandem Compactor, 845B Motor Grader and ‘PRO’ Series Backhoe loader 770EX Magnum and 851EX

CASE Construction Equipment, a brand of CNH Industrial, held an exclusive two-day customer connect program to display a rang  ...

Singapore’s GIC buys Minority Stake in Mumbai Realty firm Provenance Land...

Singapore’s sovereign wealth fund GIC has acquired a ‘significant minority’ stake in Provenance Land for an undisclosed amount, the realty firm said. GIC had in December last year bought 33.34 per stake in DLF’s rental arm DLF Cyber City Developers Ltd (DCCDL) for about Rs 9,000 crore. DCCDL holds 27 million sq ft of price commercial assets earning an annual rental i  ...

ATS Group Sells 975 Flats Worth Rs 1000 Crore in Three Months ...

Realty firm ATS group has sold 975 flats worth Rs 1,000 crore during the last three months on improved housing demand, a senior company official said today. The sales figure also includes that of Homekraft, its JV firm with HDFC Capital. Earlier, Gaurs group, another major developer in the National Capital Region (NCR), had reported sales if over 5,000 properties worth Rs 2,000 crore during  ...

GVK Invites Bids for Engineering, Construction at Planned Navi Mumbai Airport ...

The GVK-led Navi Mumbai International Airport (NMIA) has sought expressions of interest from companies for construction, procurement and engineering at the airport project. “The scope of work includes but won’t be limited to the cut and fill works, construction of terminal building, airfield works including runway, apron, other airside infrastructure and facilities, landside inf  ...

JSPL Bags 20 Per Cent of Rs 2,500 Crore to Supply Long rails for Railways...

Buoyed by bagging an order from the first ever global tender for supply of rails by Indian Railways, JSPL on Tuesday said it aims at increasing its participation in proposed railway infrastructure modernization in the coming years. The company said received the order to supply nearly one lakh tonne of rails from Indian Railways after procuring all technical clearances based on global best n  ...

Projects for 6,320 km Roads Award for Bharatmala Projects...

Projects for constructing 6,320 km of road have been awarded under the first phase of the Bharatmala project, with the financial implication estimated to be Rs 1.44 lakh crore, the government says. Road Transport and Highways Minister Nitin Gadkari also informed the Lok Sabha during Question Hour that the total investment for Bharatmala is expected to be around Rs 7.50 lakh crore for constr  ...

Gayatri Projects Ltd. bags Rs 2,759 crore Worth Road Projects in UP...

Gayatri Projects has bagged two orders worth Rs 2759 crore for development of Purvanchal Expressway project from Uttar Pradesh Expressways Industrial Development Authority. The first order worth Rs 1,483 crore is for development of Purvanchal Expressway project (Package-I) from Chand Sarai (Dist. Lucknow) to Sansara (District Barabanki) in Uttar Pradesh, Gayatri Projects said in a BSE filin  ...

Realtors’ body CREDAI Writes on Steel Prices Hike to PMO...

Realtors’ body CREDAI has written to the Prime Minister’s Office (PMO) for regulating steel prices that have gone up sharply in last two years leading to a rise in construction cost of real estate projects. The Confederation of Real Estate Developers’ Associations of India (CREDAI), in a letter to the PMO today, has requested the government to intervene in this matter and  ...

Dilip Buildcon Executes Concession Pact with NHAI for Karnataka Road Project...

Dilip Buildcon Ltd (DBL) announced that its wholly-owned arm has executed a concession pact with the National Highway Authority of India for a road project in Karnataka. “DBL Bellary Byrapura Highways Pvt Ltd, wholly-owned subsidiary of Dilip Buildcon Ltd has executed the concession agreement with National Highways Authority of India...on July 16, 2018,” the company said in a fi  ...

Thyssenkrupp Bags USD 115 million Contract for UP Power Projects...

Thyssenkrupp said it has bagged a contract worth around USD 115 million from Doosan Power Systems India (DPSI) to supply material handling plants for two thermal power projects in Uttar Pradesh. “Thyssenkrupp recently won a contract from Doosan Power Systems India (DPSI)....The order is worth a total of around USD 115 million and includes engineering, delivery and installation of two  ...

Not Easy for Home Buyer to Recover from Defaulting Builder Under IBC...

It is not a “cakewalk” and may not be easy for homebuyers to recover their money from defaulting real estate players, even after becoming financial creditors under the Insolvency & Bankruptcy Code, according to NCLT President Justice M M Kumar. Unless the Supreme Court comes to their rescue, there are many risks for homebuyers under the IBC, said Justice Kumar, while speaking at  ...

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