Construction
The recently launched ICT Academy of Kerala (ICTAK) is looking for appropriate space in Technopark to set up its facility. ICTAK has been launched chiefly with the objective of equipping gradates with the requisite skills and knowledge to meet the requirements of the IT/ITeS industry. With regard to the space being scouted by ICTAK in [...] Continue Reading »
Land-acquisition issues related to the Rani Jhansi grade separator mark the latest obstacle affecting the construction work on the much delayed 1.8km long flyover. The delays-ridden flyover is already in the 15th year of its construction. As a result of the long delay in the completion of the construction work of the Rani Jhansi grade [...] Continue Reading »
There have been many violations and deviations on the green needs, which now the esteemed BMC has been asked to check for. BMC would have to do the necessary and mandatory checks before issuing commencement certificates for the revised plans of MIG(BLOCKII) located at Bandra East. According to sources from the State Environment Appraisal Committee [...] Continue Reading »
Larsen and Toubro (L&T) has strengthened its presence further in the overseas market, especially the Gulf region. The company has won Rs 4,510 crore order for design and construction of the Golden Line of the Doha metro project. The company has secured order along with its joint venture partners Aktor – Greece, Yapi Merkezi Insaat [...] Continue Reading »
If the prediction of below-normal monsoon by India Meteorological Department (IMD) this year turns out to be true then the availability of unskilled and semiskilled labour for construction and real estate sector is likely to increase. Monsoon is the main source of irrigation in agriculture which supports over 50% of the Uttar Pradesh population. Around [...] Continue Reading »
The absence of government in Delhi has slowed down a lot of projects. Several development projects, which require constant direction, coordination and monitoring, have slowed down. The capital is being governed under the Lieutenant Governor who has taken control of the day-to-day affairs. Some of the projects that have been affected are Construction of flyovers [...] Continue Reading »
The Delhi Metro Rail Corporation Ltd (DMRC) has awarded the Hindustan Construction Company (HCC) Ltd, a Rs 300 crore contract. This is the third time that the company has received contract from DMRC for the underground metro since October 2012 under the phase III development of Delhi Metro. The contract is primarily for the design [...] Continue Reading »
According to an ICRA study, in 2013-14 while the number of downgrades exceeded upgrades for the third consecutive year, with 602 downgrades and 559 upgrades, overall, 3.3 per cent companies moved to the default category as against 4.5 per cent in 2012-13. ICRA said ,“During the last fiscal while both the number and severity of [...] Continue Reading »
The new government will take decisions on the Commerce and Industry Ministry’s proposal to relax foreign direct investment policy in construction and railways. The nine—phase general elections for the 16th Lok Sabha has started from April 7 and counting will be held on May 16. The new government is scheduled to be formed next month. [...] Continue Reading »
In the next 45 days, India is probably going to see a new government and corporate are demanding “less government interference” and more private sector participation in “nation-building”. Pankaj Patel, chairman and managing director of city-based Zydus Cadila echoed his sentiments that he is looking forward to less interference, quick policy reforms and more liberalization. [...] Continue Reading »
