Apollo International's renewable energy arm in the EPC sector looks to build its Rs 3,500 crore portfolio before going public in 2025
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
Shares of NBCC shot up by 11.6 per cent at Rs 188.50 per share on the BSE in Friday's early morning deals. This came after the state owned civil construction firm bagged a major work order
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
Shares of Larsen and Toubro (L&T) soared 2.3 per cent at Rs 3716.80 per share on the BSE in Thursday's intraday trade
Bondada Engineering stock price surged up to 5 per cent, locking at its upper circuit at Rs 2320.80 per share on the BSE in Thursday's morning deals
The surge came on the back of an order win worth Rs 1,002 crore
The surge came after the company bagged two orders worth Rs 2,150 crore from Maharashtra State Road Development Corporation Ltd (MSRDC)
The project encompasses the construction of core and shell works for five towers, spanning ground, five podiums, 54 floors, and associated parking areas
The demerged undertaking, together with the existing EPC team of RIL, will create a focused EPC undertaking to cater to the needs of the group
Group power company to raise Rs 3,000 cr separately
However, national highway projects are typically executed by large contractors, with only a small proportion sub-contracted to SMEs
One of the earliest entrants in the PV module manufacturing business in India is seeing brightening prospects for this former sunrise sector
Markab has around $1 billion in assets under management and has significant experience in investment in EPC and construction companies as well as telecom and real estate
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
The steel major has contended that the resolution plan submitted by it was ex facie a better resolution plan selected by the CoC.
The slowdown, however, is unlikely to impact the credit profiles of the EPC players primarily because of three reasons
EPC Constructions had defaulted on its loans worth Rs 7,200 crore and has been an NPA since December 2014