Construction Industry

"When they stop our work, we don't just lose the wages. It's the food on our plates and the little we try to save for our children's future," says Raju Singh, a mason from Bihar. He was one of thousands of migrant and local construction workers rendered jobless following the November 11 ban on constructions, prompted by the Delhi-NCR's air quality plunging to hazardous levels. More such bans are likely to follow throughout the winter. While that is good news for the city's residents, the story is different for these construction workers. "Even though working in the polluted air makes it hard for us to breathe, I would rather work than sit idle," Raju Singh says, describing the crushing blow the restrictions have on his finances. These trysts with work stoppages have become an annual affair for him, and hundreds of others like him. The Commission for Air Quality Management in the National Capital Region and Adjoining Areas (CAQM) -- a statutory body responsible for formulating ...

PNC Infra along with its arms PNC Khajuraho and PNC Bundelkhand Highways, has been disqualified from participating in any tender process by the MoRTH for a period of 1 year, starting from Oct 18.

In a bid to curb rising dust pollution during the winter months, Delhi Environment Minister Gopal Rai on Saturday unveiled a comprehensive 14-point construction guideline as part of the city's 'Winter Action Plan'. The rules aim to tackle dust pollution from the construction sites, which is a major contributor to the city's declining air quality, Rai said. He stated that these guidelines will be strictly enforced starting October 7 adding any violations after this date will lead to penalties with the repeat offenders facing a halt in the construction activities. The rules mandate that all construction sites must be covered with tin sheets to prevent dust from spreading into the surroundings. "People involved in any kind of construction work whether private, government or company-driven must ensure compliance with these rules," Rai emphasised during his press conference. Rai stated that all construction areas must be enclosed with tin sheets, vehicles transporting construction ...

India's construction market will be worth $1.4 trillion by 2025, becoming the third-largest in the world

Aimed at overhauling and diversifying the economy, the kingdom is making large investments in infrastructure

Grasim Q4 results: The board recommended dividend of Rs 10 per equity share for FY24

India's construction equipment industry witnessed a 26 per cent rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. "With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections," it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments. "The industry's excellent annual performance has been a result of significant increase in demand for construction equipment observed

By comparison, categories like wood panel and tile-bathware could report mid to high single-digit growth rates

The first batch of more than 60 workers from India have arrived in Israel under a government-to-government agreement to bolster the country's construction industry facing a huge shortage of trained hands. The G2G mechanism has been worked out to keep away middlemen and to make the process of hiring fair through the screening tests conducted by Israeli examiners, who visited India a few times and coordinated the process with the Indian government agencies. The first batch of Indian construction workers arrived in the country on Tuesday evening. "Today we had a farewell event from the first batch of 60+ Indian construction workers going to Israel under the G2G agreement. This is an outcome of hard work of many, including @NSDCINDIA. I'm sure that the workers become 'ambassadors' of the great P2P relations between India and Israel," Israel's ambassador to India Naor Gilon posted on X on Tuesday. Earlier, a little over 900 construction workers had arrived from India during the last few

Continuing this sequence, the essential item distribution was undertaken on February 16 by public representatives

Ongoing construction activities across Assam have created large-scale employment opportunities in the state, Chief Minister Himanta Biswa Sarma said. He also said that youths, in search of employment, were migrating to other states owing to lack of requisite skills, and taking up low-paying jobs there. The chief minister was speaking at the inauguration of a skill training centre at Gogamukh in Dhemaji district on Wednesday. He stressed on the need for the state's youths to get trained in new-age and modern technical work, so that they can equip themselves for remunerative job opportunities available across the country as well as abroad. The Assam government has joined hands with Larsen and Toubro (L&T) to set up the centre with the objective of enhancing the skills of registered construction workers, aligning trained resources in the construction industry, and connecting trainees with future skills and modern technology. Sarma also appealed to the youths to get themselves trained

Privatised highway construction model has been a flop, prompting reforms

Prime Minister Narendra Modi will visit Maharashtra today and unveil projects worth over Rs 30,500 crore in the state

Brokerages - Motilal Oswal, Nuvama, Kotak Institutional Equities and Prabhudas Lilladher - estimated revenue growth for their capital goods universe to be 11-16 per cent year-on-year

A team of "selectors" from Israel visited India last week and another senior delegation will leave for India next week to start the process of recruiting thousands of workers to be brought to the country to fill in the acute shortage faced by its construction industry, a senior executive at the Israel Builders Association said on Wednesday. "We will start the process in Delhi and Chennai next week on December 27. At the moment we are looking to bring in 10,000 as per government approvals and this will scale up to 30,000 in the near future depending on how it goes. It is an ongoing exercise and will take months," Deputy Director General and Spokesperson for the Israel Builders Association (IBA), Shay Pauzner, told PTI. "The selection starting next week will last 10-15 days," Pauzner said. A delegation led by Izchak Gurvitz, who heads the IBA's division dealing with workers' issues and the selection team, was in India last week and would be joining CEO Igal Slovik again next week with

State-owned NBCC has bagged a Rs 1,500 crore project management consultancy contract for construction of 1,469 warehouses and other infrastructure related to the agriculture sector. In a regulatory filing, NBCC said it has bagged the work order from National Cooperative Development Corporation (NCDC) and Primary Agriculture Cooperative Society (PACS) in various states. The cope of work is "construction of 1,469 nos. warehouses and other agri infrastructure under the World's Largest Grain Storage Plan in cooperative sector at various locations across India", it said. In may this year, the Union Cabinet approved the constitution and empowerment of an inter-ministerial committee for facilitation of the "World's Largest Grain Storage Plan in Cooperative Sector" by convergence of various schemes of the Ministry of Agriculture, Ministry of Consumer Affairs, Food and Public Distribution and Ministry of Food Processing Industries.

The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed

In the last three years, its India business had clocked a compound annual growth rate (CAGR) of nearly 41 per cent, nearly trebling its business size to over Rs 200 crore

Germany's fischer Group, a major player in fixing systems for the construction industry, plans to treble its turnover in India in the next 5-7 years, tapping the fast growth of the sector in the country, top company officials said on Thursday. The group, which clocked a turnover of around Rs 200 crore last year, will be focussing on infrastructure projects, along with sectors such as energy, industry, and oil and gas, to accelerate its growth in India. "India is one of the most important countries for fischer Group. India is investing and India is growing... we are working on some of the most important construction projects...," fischerwerke GmbH & Co KG Managing Director Business Units & Engineering Oliver Geibig said here in an interaction. The group has five divisions -- fixing systems, automotive, fischertechnik, consulting and electronic solutions. Geibig said the group's focus in the mid-term on India will be on fixing systems for the construction industry. Elaborating ..

The revenue for the domestic construction equipment sector is expected to grow by 1415 per cent in FY24 on the back of the government's focus on infrastructure, Crisil Ratings said on Friday. Construction activity across the real estate and mining sectors will also play a supportive role, it said. "Revenue for the domestic construction equipment sector is likely to grow 1415 per cent this fiscal on a high base of 29 per cent in the previous fiscal. This will be driven by continued government focus on infrastructure build-out, especially roads, metros, and railways, including projects under the National Infrastructure Pipeline (NIP)," the agency said in a statement. The increased pace of road construction, which accounts for 40 per cent of the demand for construction equipment, augurs well for the sector's growth. Manufacturers are also witnessing robust demand from the real estate and mining sectors, as well as from contractors of bridge, airport, and metro corridor, said Poonam ..