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News

Railways incurs Rs 4000 crore loss in three years by running Mumbai locals.

Amidst a major push for expansion of the suburban Mumbai rail network in the Union Budget, the government has informed Parliament that the national transporter has incurred a loss of more than Rs 4,000 crore in the last three years in running the Mumbai locals.

RELIANCE INDUSTRIES LIMITED announces strategic investment in embibe to form India’s largest artificial intelligence (ai) based education platform

Reliance Industries Limited (“RIL”) today executed definitive agreements to acquire majority shareholding constituting 72.69% (on fully diluted basis) from existing investors of Indiavidual Learning Pvt Ltd (“Embibe”), a leading AI-based education platform leveraging data analytics to deliver personalized learning outcomes to each student.

Gas

IL&FS Engineering Services Wins Rs. 129.66 Cr Pipeline Laying Contract

Hyderabad: IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Fax of Acceptance (FOA) from Gas Authority of India Limited (GAIL) for Laying and Construction of Steel Gas Pipeline along with Associated Facilities for Section V of Bokaro- Angul Section of Jagdishpur –Haldia -Bokaro- Dhamra Pipeline Project (JHBDPL) PH-II in Odisha state.

World's leading specialty materials manufacturer and a Euro 14.1 Bn company. Waste gas to raw material

Mr. Ajay Durrani Managing Director and Senior Country Representative - Indian Sub Continent, Covetsro India Pvt. Ltd.

SYNERGY INNOVATE

Paradigm Shift: Blockchain Set to Revolutionise Real Estate & Construction Industry

Atlantis Launches USD 1.6 Billion Resort In China

Atlantis Sanya, the new iconic ocean themed entertainment resort on Hainan Island, opens its doors and welcomes first guests

INTERMAT being held in a favourable economic environment CECE presents latest market figures, talks policy with EU guests & kicks off next phase of its digitalisation project

Presenting the positive industry figures and the optimism at INTERMAT: Enrico Prandini (left), Riccardo Viaggi (right).

Positive signs : India’s construction machinery market remains on growth path

• Promising sales figures at beginning of the year • Twelve-percent growth in 2017 • Top sellers : crawler excavators and backhoe loaders

UNFURLING 75th SHRIRAM AUTOMALL FACILITY IN CHENNAI, Shriram Automall inaugurated its 75th Automall in Chennai, Tamil Nadu, on 18th April'2018 to satisfy the demand of pre-owned vehicles & equipment in and around the region.

People from left to right Mr. Sameer Malhotra, CEO SAMIL, Mr. Vinay Sanghi, Founder & CEO MXC Solutions Pvt. Ltd & Mr. P. Shridharan, Executive Director & CEO Tamil Nadu, STFC

Bauma Conexpo India

Strong partners: bauma CONEXPO INDIA and iCEMA sign a Cooperation Agreement

Rs 8 trillion projects under Sagaramala in motion.Funding remains challenge: ICRA.

According to rating agency ICRA fund mobilization is likely to remain a challenge under the Sagarmala project though 500 schemes worth Rs 8 lakh crore are currently being undertaken.

Lakshadeep Pvt Ltd becomes top bidder for Jaypee Infratech with Rs 7,350-crore offer.

Lakshadeep Pvt Ltd has emerged as the front-runner to acquire Jaypee Infratech with a bid of around Rs 7,350 crore. This offer, however, is way lower than what the real estate developer had proposed to lenders a year back to pay off debt.

Infra lending on cautious track, as RBI refuses to budge on new NPA rules.

With the Reserve Bank giving no relaxation to its February 12 framework on resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially to the infrastructure sector, say lenders.

Big data compilation to boost for infrastructure sector

Researchers from Indian Institutes of Technology (IIT)-Madras and Bombay along with Harvard University are using big data to build India's first comprehensive database on infrastructure projects called Integrated Database on Infrastructure Projects (IDIP).

Highway construction hits record 10,000 km in FY18.

Construction of national highways in India hit a record 10,000 km in the year ended March 31 after the government stepped up the pace of implementation and awarding contracts.

NHAI aims to raise Rs 18,500 crore from LIC, NSSF for Bharatmala

The National Highways Authority of India (NHAI) is looking to raise Rs 8,500 crore from Life Insurance Corporation (LIC) of India and another Rs 10,000 crore from National Small Savings Fund to finance the ambitious road construction target under the Bharatmala highway development programme.

Construction period of most NHs to be reduced

The road transport ministry will reduce the construction period from the current 30 months to only 18 months in the case of stretches that will be widened to two-and-half lane National Highways with 100% government funding. Moreover, if the contractors complete such projects before time, they can get higher incentive as well.

National Highway construction target raised to 45 km a day

The road transport and highways ministry has raised the daily target for constructing national highways by two-thirds for this financial year to 45 km a day from 27 km a day achieved in 2017-18.

CASE celebrates 175 years of serving construction businesses with effective solutions

CASE celebrates 175 years of serving construction businesses with effective solutions

Three new Liebherr mobile cranes for Gruas Leman

From left to right: Georg Reinbold (Liebherr-Werk Ehingen GmbH), Angel Malo, Samuel Molero,Emilio Molero (and three from Gruas Leman), Tobias Böhler, Antonio Calamonte (both from Liebherr Ibérica, S.L.)

SANY Transit Concrete Mixers, a preferred equipment by Pune's leading M.P.Group

SANY India, a leading manufacturer of construction, heavy machinery and renewable equipment today announced handover of 6 Transit Concrete Mixers to one of the major business house in Pune, M.P. Group. SANY India offers formidable range of Transit Concrete Mixers ranging from 6, 7 and 8 m3 capacities. The Transit mixers are featured with advanced Design, Rugged and reliable components and are manufactured using latest world-class facilities.

Superior Volvo performance makes Central Sulawesi more accessible

Central Sulawesi in Indonesia will soon be much easier to reach thanks to a runway extension at Morowali Airport. A fleet of Volvo´s heavy-duty excavator EC210D is deployed for the runway ground work but also for other projects in the Central Sulawesi province.

Latest Technology for Corrosion Protection of Aboveground Storage Tanks Tank Brigade Divison at iTanks 2017!

Latest Technology for Corrosion Protection of Aboveground Storage Tanks Tank Brigade Divison at iTanks 2017!

LNG still at the forefront of Japan's energy future

Mitsui & Co. sees LNG continuing to play a key role in supplying Japanese energy needs.

Covestro products #Push Boundaries at PU Tech 2017

Will host a live 3D printing demonstration every day with its innovative materials, Run an Elite Speakers Forum on Innovation and highlight its DIY home construction panels

European construction equipment market performs well in a global context

European construction equipment market performs well in a global context