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Aegis Logistics' upbeat outlook ignites stock, but execution is key
The timely commissioning of upcoming capacity addition projects is a crucial near-term monitorable.
Aegis Logistics shares gain most in eight months after JM Financial projects 50% upside
Aegis Logistics delivered LPG distribution volumes of 234 kilotonnes in the March quarter, marking a 72% year-on-year increase and coming nearly 40% ahead of its estimates.
ASK Property Fund to raise Rs 3,500 crore for housing-focused debt strategy
ASK Property Fund is launching a new Rs 3,500 crore debt fund. This fund will finance residential projects in key Indian cities like Mumbai, Delhi NCR, Pune, Bengaluru, Chennai, and Hyderabad. The fund aims to support developers with structured financing for mid-segment housing. It will also focus on lender replacement and completing stalled projects.
Afcons Infra shares soar over 9% on Rs 5,301 cr order to build world’s second-largest breakwater
Afcons Infrastructure shares surged following a significant contract win. The company will construct a 10.14-km breakwater for Vadhvan Port in Maharashtra. This project is valued at Rs 5,301 crore. The breakwater is expected to be one of the world's longest upon completion. This development highlights Afcons' expertise in large-scale marine infrastructure projects.
HC says toll collection against construction services provided to NHAI taxable
The Rajasthan High Court has ruled that toll collection rights are taxable. These rights are considered payment for highway construction services provided to the National Highways Authority of India. The court rejected arguments that toll collection is exempt from GST. This decision could impact public-private infrastructure projects. Tax authorities can now demand GST, interest, and penalties.
NH builders seek predefined input rates for projects under active bids
Road builders are asking the government to set fixed rates for bitumen and fuel. This is for highway projects currently up for bidding. They warn that current price differences could lead to unfair bidding and delay projects. The industry believes this will ensure transparent and fair competition. It aims to protect the financial health of these crucial infrastructure developments.
Avani Infratech lines up Rs 750 crore for real estate expansion in FY27
Avani Infratech will invest Rs 750 crore in three new projects by FY27. The company is launching residential and commercial developments in Sonipat and Sohna. An industrial township is also planned for Sonipat. This expansion targets Tier 2 and Tier 3 markets, recognising their growth potential. Avani Infratech aims to strengthen its presence in key growth corridors.
JSW Energy moves to make key wind equipment in-house
The facility has an annual production capacity of up to 450 wind blades, equivalent to supporting around 600 MW of wind power projects.
JSW Energy Commissions Halol Wind Blade Manufacturing Plant
he Halol facility has an annual production capacity of up to 450 wind blades, equivalent to 600 MW of wind projects
Arnya invests over Rs 1K crore in housing projects
Many of the projects are at advanced stages of approvals and execution, while some have already commenced sales in key residential markets including Bengaluru. The investments have been routed through Arnya Real Estate Fund-Debt, the firm's category II alternative investment fund registered with the Securities and Exchange Board of India, along with direct investments undertaken by the firm.
Double-engine government to accelerate rail projects in West Bengal: Ashwini Vaishnaw
Union Railway Minister Ashwini Vaishnaw announced 60 next-generation trains for the Kolkata Metro and ₹1 lakh crore in railway projects for West Bengal. Bullet trains connecting Delhi to Siliguri in six hours are also promised. Additionally, 102 Amrit Bharat Stations will be modernized, and 538 railway underpasses will be constructed.
Kolkata metro gets 60 new trains, Rs 1 lakh crore railway projects for West Bengal
Union Railway Minister Ashwini Vaishnaw announced 60 next-generation trains for Kolkata Metro in five years, alongside Rs 1 lakh crore in railway projects for West Bengal. Bullet trains connecting Delhi to Siliguri in six hours were also promised. The state government pledged cooperation for faster project execution.