News of Construction & Engineering in Gujarat

L&T bags large order from Saudi Arabia, for construction of Gold Processing facility

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a major international competitive bidding process, the Metallurgical & Material handling Business of L&T Construction has been awarded a Large order from MA’ADEN Gold and Base Metal Company (MGBM), wholly owned subsidiary of Saudi Arabia Mining Company (MA’ADEN) for setting up Mansourah Massarrah Gold project. Ma’aden is the

India’s Praj Industries is now 8th hottest company in Advanced Bioeconomy globally

PUNE | MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Exchanges Pune headquartered Praj Industries Ltd said of being recognized as 8th hottest company in areas of Advanced Bio-Economy, globally. US based Biofuels Digest, a leading global publication, released a list of Top 50 Hottest Companies in Advanced

Gayatri Highways wins 2.43 billion rupees arbitration award

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses on Monday, Cyberabad Expressways Ltd (CEL), one of the Jointly Controlled Entity of the Company has won an Arbitration Award of Rs.243.45 crore (~2.43 billion) in the matter of Arbitration Proceedings between CEL and Hyderabad Metropolitan Development Authority

GMR Hyderabad Intl Airport offers $300 million bond @ 5.375% for 5yrs tenure

NEW DELHI | HYDERABAD | MUMBAI | RAJKOT – GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited and a step down subsidiary of GMR Infrastructure Limited (GMR Group), announced that it had on April 03, 2019 successfully priced an offering of US$ 300 Mn bond in the international bond market. GHIAL

L&T sells its entire stake held in L&T Kobe Machinery for 435 million INR

MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Larsen & Toubro (L&T) Ltd  has entered into a definitive agreement with KOBE STEEL, LTD., a company registered in Japan, on April 2, 2019 for the divestment of its entire stake in L&T Kobelco Machinery Private Limited, a 51:49 joint venture between

L&T Announces a New Strategic Initiative, L&T-Nxt

MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges on Friday, Larsen & Toubro Ltd announced its a New Strategic Initiative, L&T-Nxt, which will focus on the areas of Artificial Intelligence, IoT (Internet of Things), Virtual Reality, Augmented Reality, Geo-spatial enterprises and Cyber Security. L&T with new arsenal is leap-frogging

Hindustan Construction Co to raise 17.5 billion through Monetisation of Claims

MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Hindustan Construction Co Ltd said of planning to raise Rs.1,750 crore (17.5 billion) through Monetisation of Claims which will help reduce debt by Rs.1,250 crore (12.5 billion) and additional liquidity of Rs.500 crore (5 billion) will drive the growth. For more

Pennar Industries to scale-up ‘Build360’ retail outlets

HYDERABAD | MUMBAI | RAJKOT – Pennar Industries to scale up ‘Build360’ retail outlets for branded building products, aims to take the total store count to increase from current 11 to 42 by FY2020, the company said in a press release submitted to the Indian Stock Exchanges on Tuesday. The Company plans to scale up number

KNR Constructions bags 2.33 billion rupees flyover construction project

HYDERABAD | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses, KNR Constructions Ltd said of having been awarded Flyover construction project at Salem (Tamilnadu) by Superintending Engineer, Highways, C&M Circle, Salem, an order worth of 2.33 billion (~232.83 crore) rupees, to be completed in another 24 months. For more details,

L&T Hydrocarbon bags Coke Calciner Project in Oman

MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Larsen & Toubro Ltd said of L&T Hydrocarbon Engineering Awarded a Large Contract (in range of 2,5 billion~2,500 crore rupees to 50 billion~5,000 crore rupees) for Coke Calciner Project in Sohar Industrial Estate, Oman. For more details click the link given

Rane Group Board approves $20 million investment in US subsidiary

CHENNAI | MUMBAI | RAJKOT – Rane (Madras) Ltd’s  board of direclors of the Company at its meeting held on Thursday i.e., March 21, 2019 inter-alia has approved enhancement in investments upto USD $20 million in Rane Precision Die Casting Inc., USA (RPDC), Step Down Subsidiary. For more details click the link given here :

IDFC FIRST Bank sells its entire stake held in ARCIL

CHENNAI | MUMBAI | RAJKOT – IDFC FIRST Bank Limited, has sold it’s entire stake of 27,197,743 Equity Shares of Rs. 10 each held in Asset Reconstruction Company (India) Limited [“Arcil”), comprising approximately 8.37% of the Share Capital of ARCIL, today pursuant to Share Purchase Agreement. For more details click the link given here : https://buff.ly/2Tlar0V Follow DATELINE

From ports to airports, now on roads! Adani bags 2,923 cr rupees road projects

AHMEDABAD | MUMBAI | RAJKOT – After having forayed into ports and airports, now Adani group forays into road-construction business. In a regulatory update submitted to the Indian Exchanges on Tuesday, Adani Enterprises Ltd said of its wholly owned subsidiary Adani Transport Ltd having bagged 2 projects of 4-laning roads in Telangana state from NHAI

RPP Infra enters Gujarat, bags 722-million-rupee orders from Water Supply Dept

ERODE (TAMILNADU) | MUMBAI | GANDHINAGAR-AHMEDABAD | RAJKOT – In a press release submitted to the Indian Exchanges, Tamilnadu (Erode) headquartered RPP Infra Projects Ltd said of having entered Gujarat geography after having bagged project from state water supply department. RPP Infra Projects is pleased to announce its entry into a new geographic location, Gujarat,

Ahmedabad based PSP Projects bagged 3.72 billion rupee new construction orders

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Monday, Ahmedabad headquartered PSP Projects Ltd said of having bagged new institutional and industrial construction projects pegged at 3.72 billon (~372.47 crore) rupees. The company has bagged new Institutional & Industrial projects worth Rs. 372.47 crores from various

JMC Projects bags 5.14 billion rupees new orders from AP, Telangana, Odisha

AHMEDABAD | MUMBAI | RAJKOT –  In a press release submitted to the exchanges in India on Tuesday, JMC Projects said of having bagged 5.14 billion (~514 crore) rupees new projects from Andhra Pradesh, Telangana and Odisha. JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs.