Infrastructure Companies

Genus Power Infrastructures Q2 results: Net profit jumps to Rs 58 cr

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.

J Kumar Infra up 3% on Rs 298-cr work order from Pune Municipal Corporation

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).

Rising order inflows, execution to help road infrastructure companies

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

Infra company Ceigall India's IPO subscribed 61% on Day 1 of offer

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

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

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Billionaire Shapoor Mistry's SP group weighs $2 billion asset sales: Report

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

Share buyback and revamp of disclosure norms on Sebi board's agenda

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

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

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

IL&FS resolves Rs 56,943 cr debt as of Sept, addresses 93% of target

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

Rated Indian infrastructure firms most exposed to currency risk: S&P

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

Growth of core sector output recovers to 3-month high in September

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

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

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

Listed firms managing liquidity challenges well, says India Ratings

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

Infrastructure firms can resist further rupee depreciation: Moody's

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

Infra, capital goods' firms get order book booster in June quarter

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

Infra, cement cos feel pinch of falling rupee, realty counts on more sales

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

'Infra cos should float own NBFCs to fund construction related projects'

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

Central Vista: 4 firms submit technical bids for Common Central Secretariat

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

Ranking on Dow Jones indices could raise investment appeal, say analysts

Contingent liability a critical parameter too, according to analysts

GMR Infra plans to divest non-core assets, bets big on land monetisation

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