Construction Sector

The uptick in IRB Infrastructure share price came on the back of strong toll revenue collection in November 2024

"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 ...

The average cost of construction for housing projects in big cities has increased by 39 per cent in the last four years to Rs 2,780 per sq ft, with building materials and labour becoming expensive, according to Colliers India. Real estate consultant Colliers India data shows that the average construction cost for premium housing projects stood at Rs 2,000 per square feet in October 2020. The construction cost rose to Rs 2,200 per square feet in October 2021, Rs 2,300 per sq ft in October 2022, Rs 2,500 per sq ft in October 2023 and Rs 2,780 per square feet in October 2024. Colliers India said these are average costs for a Grade A residential building of 15 floors. The data pertains to tier-I cities. Over the last one year, the consultant said the average cost of construction of housing projects rose 11 per cent due to a significant surge in labour costs coupled with a moderate price increase in construction materials like sand, brick, glass, wood etc. Notably, the cumulative effec

Brahmaputra Infrastructure share price rallied as much as 13.93 per cent to hit an intraday high of Rs 73.50 per share

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9 per cent

Five labourers were killed after soil caved in on them at a construction site in Gujarat's Mehsana district on Saturday, police said. The incident occurred near Kadi town, around 37 km from the district headquarters. Several labourers were digging a pit for an underground tank for a factory at Jasalpur village when loose soil caved in and buried them alive, inspector Prahaladsinh Vaghela of Kadi police station said. "Five bodies have been recovered, and three to four other labourers are feared buried. A rescue operation is going on," he said.

Exception for commercial buildings meant for renting, leasing purposes

Interarch Building Products Ltd has reported a 5 per cent increase in consolidated net profit at Rs 20.3 crore for the quarter ended June. Its net profit stood at Rs 19.4 crore in the year-ago period. Net revenue rose 3 per cent to Rs 303.4 crore in April-June period of this fiscal from Rs 293.7 crore in the corresponding period of the previous year, the company said in a statement on Thursday. Arvind Nanda, Managing Director, Interarch Building Products Ltd, said the order book as at end of August 24 stands at Rs 1,350 crore. "We have successfully inaugurated our 5th state-of-the-art PEB (Pre-Engineered Building) manufacturing plant in Athivaram, Andhra Pradesh. This marks the company's 4th fully integrated unit, designed to enhance production capabilities significantly," he said. The new plant, set to increase installed capacity by 60,000 tonne per annum over two phases, will raise the company's overall installed capacity to 2 lakh tonne per annum, Nanda said. "We expect to mai

BCD Group, which is into construction and real estate development, has appointed Ashwinder R Singh as Vice Chairman and CEO of the company. Angad Singh Bedi, the current Managing Director, has been elevated to Chairman and Managing Director. Before joining BCD, Singh was CEO-Residential at Bharti Urban, a Bengaluru-based real estate developer. He has over 27 years of experience in the real estate sector.

The operating profitability is supported by a 5 to 17 per cent decline in prices of key raw materials, steel and bitumen, from their peaks in FY22

Construction solutions provider Interarch Building Products Ltd on Tuesday said it has fixed a price band of Rs 850-900 per share for its Rs 600-crore initial public offering (IPO). The initial share-sale will open for public subscription on August 19 and conclude on August 21, the company announced. The IPO is a combination of a fresh issue of shares worth up to Rs 200 crore and an offer-for-sale of up to 44.47 lakh shares valued at Rs 400 crore, at the upper end of the price band, by the promoters and investor-selling shareholders. This aggregates the total issue size to Rs 600 crore. Proceeds from the fresh issue will be used for capital expenditures, system upgrades, and general corporate purposes. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Further, investors can bid for a minimum of 16 equity shares and in multiples of 16 equity shares ...

Kobelco Construction Equipment India Pvt Ltd, the subsidiary of Japan-based Kobelco Construction Machinery Co, launched its SK80 Excavator under the Centre's ambitious 'Make in India' campaign. The eight-tonne category mid-segment excavator, was unveiled by company Managing Director and CEO Takemichi Hirakawa and senior officials at an event here on Wednesday. Kobelco Construction Equipment India manufactures excavators and cranes at its factory in Sri City in neighbouring Andhra Pradesh, located about 110 km from here. "We have been delivering high-quality excavators to meet the growing demands of the Indian customers for the last 17 years. We have made considerable investments of about Rs 750 million (Rs 75 crore) in the recent past and our latest product SK80 Excavator is a first major step towards indigenisation," Hirakawa said. "With over 70 per cent indigenisation, the SK80 Excavator exhibits a strong commitment of Kobelco's 'Make in India' initiative. India is evolving as a

Demand for cement is projected to grow 7-8 per cent in the current financial year, helped by an increase in construction activities throughout the country, UltraTech Cement said in its latest annual report. To meet this increased demand, the cement industry is expected to add 35 - 40 million tonne capacity in the next fiscal, with 60-65 per cent concentrated in the eastern and southern regions, said the Aditya Birla group flagship firm. Besides, this demand surge will translate into an increase in capacity utilisation of the industry to 72 per cent in FY25, which was around 68 per cent in FY23. "In FY 2024-25, cement demand is projected to grow 7-8 per cent driven by an increase in construction activities throughout the country, spread across the infrastructure and housing sector," said UltraTech. There has been a "concerted focus" on the integrated and coordinated planning and implementation of infrastructure projects, adhering to the principles of PM Gati Shakti. Priority has be

Move aimed at reducing impact of rising landslide, slope destabilisation in hilly areas where national highways have been built

The rally in the stock price came after the company announced that it has secured an order worth Rs 572 crore from the Airport Authority of India (AAI)

The uptick in share price came after KEC International announced that it has secured new orders worth Rs 1,025 crore for its T&D and cables business

OM Infra hit a record high of Rs 174 on rallying 10% on the NSE in Thursday's intra-day trade. The stock has appreciated by 29 % in two days after Quant MF purchased nearly 2% stake in via open market

The company secured a major order for civil and composite steel structural works from DLF City Centre Ltd, valued at approximately Rs 924.11 crore

With a strong bidding pipeline and better bidding strategy, the management expects total order inflow of Rs 5,000-6,000 cr in FY25 which shall keep its order book healthy moving ahead.

The surge came on the back of an order win worth Rs 1,002 crore