Infrastructure Companies

Genus Power Infrastructures on Tuesday reported a multifold jump in its standalone net profit of Rs 58.25 crore in the September quarter due to higher income. It had posted Rs 11.02 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 518.28 crore from Rs 268.51 crore a year ago.

The rise in J Kumar Infra share price came after the company announced that it has secured an order worth Rs 297.83 crore from Pune Municipal Corporation (PMC).

Execution is likely to improve sharply in H2FY25 after some pickup in Q2FY25. Only 95 kilometres (km) of projects were awarded in Q1FY25 versus a full-year target of 5,000 kilometres

The initial public offer of infrastructure company Ceigall India received 61 per cent subscription on the first day of bidding on Thursday. The Rs 1,252.66-crore initial share sale received bids for 1,35,07,627 shares against 2,23,13,663 shares on offer, as per the NSE data. The category for non-institutional investors received 90 per cent subscription, while the retail individual investors part got subscribed 80 per cent. Ceigall India on Wednesday said it has mobilised Rs 375 crore from anchor investors. The initial public offering (IPO) has a price band of Rs 380 to Rs 401 per share. The public issue will conclude on August 5. The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 684.25 crore and an Offer-For-Sale (OFS) of up to 1.42 crore equity shares worth Rs 568.41 crore, at the upper end of the price band, by the promoters, and an individual shareholder. This takes the total issue size to Rs 1,252.66 crore. Promoters and promoter group entities -- Ramne

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The company is working with an adviser to seek buyer for its holdings in Afcons Infrastructure Ltd., a Mumbai-based infrastructure construction company, the people said

New framework proposes enhancing amount companies can repurchase vis-a-vis free reserves

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

Infra lending firm's affidavit says it has reduced the number of entities under it from 302 to 101

Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation

The Reserve Bank of India last month also revised its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Given the tightening liquidity conditions and higher cost of borrowings, corporates with a weak credit profile are likely to tap a loan against shares facility to meet their funding requirements

Generally, corporate infrastructure issuers have features that shield them to currency weakness

Orders for companies grew 15-57% in the first quarter of the financial year

Despite rise in interest rates and property prices, momentum in housing demand expected to stay, say developers; infra, cement companies remain circumspect

Union Nitin Gadkari on Tuesday said infrastructure companies should also float their own non-banking financial companies (NBFCs) to fund road construction related projects.

Four infrastructure firms, including Tata Projects and Uttar Pradesh Rajkiya Nirman Nigam Ltd, have submitted technical bids for construction of three buildings of the Common Central Secretariat under the Central Vista redevelopment project, an official said on Tuesday. The other two firms are L&T Construction and NCC Ltd, the official said. All these firms are being checked for qualification to participate in the financial bids, he adding the financial will soon be called once the evaluation process of the documents submitted by these four firms is completed. Earlier this month, the Central Public Works Department, which has been executing the Central Vista redevelopment project, had revised the estimated cost of construction and maintenance of the three buildings of the Common Central Secretariat. The estimated cost of construction and maintenance of these three buildings has been revised to around Rs 3,254 crore from Rs 3,408 crore. These new buildings will come up on the plot

Contingent liability a critical parameter too, according to analysts

As per the document, 4,650 acres area there has been notified as SEZs and utility and environment approvals are in place