Market News
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RVNL bags ₹968 crore railway bridge contract from East Coast Railway
The project involves the construction of important bridges over the Birupa, Mahanadi, Kathjori and Kuakhai rivers on an engineering, procurement and construction (EPC) basis.
Oberoi Realty to Lodha, Godrej Properties: Real estate stocks decline up to 4% after BMC's construction water ban
BMC's water restrictions have led to selling pressure on real estate stocks, including Macrotech and Oberoi Realty. The measures aim to conserve water amid low reservoir levels, causing concerns about delays and disruptions in construction projects across Mumbai.
Leapfrog Engineering Services IPO to open on Wed at Rs 21-23 per share
Leapfrog Engineering Services Ltd has set its IPO price band at Rs 21-23 per share, opening for subscription on June 17, 2026. The Rs 88.51 crore offering includes a fresh issue and an Offer for Sale. The Bengaluru-based EPCC company boasts an order book exceeding Rs 384 crore, with a significant portion from export projects in Gulf markets.
China company secures Kenya airport deal after Adani fallout
The East African nation awarded China Communications Construction Co. an engineering, procurement and construction contract to update and expand the Jomo Kenyatta International Airport, the people said asking not to be identified as they are not authorised to discuss the matter.
Noida Sports City revival helps developer to launch new projects amid constraints in land supply
Noida is gearing up for a transformation with the revival of its stalled Sports City projects! Thanks to the Supreme Court's recent decision, a massive 20 million sq ft of residential and commercial space will soon be under construction. This development marks a crucial victory for countless homebuyers, with developers collaborating to finalize these projects.
L&T betting big on 'digital workers' to overcome manpower challenges in projects: CFO R Shankar Raman
Larsen & Toubro is embracing automation and robotics to boost construction. The company aims to transform the industry by reducing reliance on manual labor.
L&T betting big on 'digital workers' to overcome manpower challenges inprojects: CFO R Shankar Raman
Larsen & Toubro is embracing automation and technology for construction growth. The company is using robots for tasks like welding and plastering. This shift aims to overcome labor shortages and improve site safety. L&T's extensive international experience, particularly in the Middle East, has prepared it for large-scale projects. The company seeks to lead industry transformation through these advanced methods.
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.
Waaree Renewable Tech secures EPC contract for 300 MW solar project
Waaree Renewable Technologies announced that it has received a Letter of Award (LoA) from Sunsational Power Private Limited (SPPL) for the execution of an Engineering, Procurement and Construction (EPC) contract.
HG Infra shares surge 7% after receiving completion certificate for ₹4,971 crore Ganga Expressway project
The project involved the execution of civil and associated works on an engineering, procurement and construction (EPC) basis for Group II of the access-controlled six-lane (expandable to eight lanes) Greenfield Ganga Expressway.
BHEL bags 3x800 MW Meja STPP Stage-II project
The scope of the work includes design, engineering, manufacturing, supply, construction, erection, testing and commissioning works for the EPC package.
Hindustan Construction secures Rs 127-cr Wangchhu Hydroelectric project
The scope of work includes construction of diversion tunnels, hydromechanical gates and cofferdams. The contract is scheduled to be completed within nine months. The award follows WHPL's technical and financial evaluation process and reflects HCC's proven expertise in executing complex hydroelectric projects in challenging geographies.