IVRCL
The ongoing infrastructure development drive of the Tamil Nadu Government will apparently help bring about an improvement in the order inflows of construction companies in the coming months. With the project structure of the Madurai-Tuticorin industrial corridor having been approved by the Tamil Nadu Government, the order books of a number of construction and infrastructure [...] Continue Reading »
In the three months to June 2014, the number of loss-making companies in the BSE 500 universe declined for the first time in seven quarters. It seems that after the change of leadership at the center, there are some positive vibes in the market and the companies have improved their sales turnovers. Of a subset [...] Continue Reading »
On June 28 the Corporate Debt Restructuring Empowered Group (CDR EG) of Reserve Bank of India had a discussion in a meeting and had approved the Corporate Debt Restructuring proposal submitted by IVRCL. IVRCL is a leading infrastructure company and has a name in the roadways, express highway and other infrastructure related construction projects. This [...] Continue Reading »
Mr. Vishwanath Nair concluded in a report that the loans restructured by corporate debt restructuring (CDR) will cross Rs 3 lakh crore by the end of this financial year. The loan recast in the financial year 2014 have crossed Rs 70, 000 crore with restructuring requests for nearly to Rs 20, 000 crore having delayed [...] Continue Reading »
IVRCL Ltd has, through its irrigation and water divisions in Karnataka and Andhra Pradesh, bagged several orders in all worth Rs 2,632.85 crore. The Hyderabad-based engineering and construction company has, in a a statement to the BSE, informed that it has bagged three major irrigation project orders worth Rs 2,492 crore from Karanataka Neeravari Nigam [...] Continue Reading »
Andhra Pradesh High Court has approved the merger of subsidiary IVRCL Assets and Holdings with the parent company, infrastructure firm IVRCL. A composite Scheme of Arrangement has been made between IVRCL Ltd and IVRCL Assets & Holdings Ltd and two subsidiary companies RIHIM Developers Private Ltd and IVRCL TLT Private Ltd. As per Scheme of [...] Continue Reading »
IVRCL Infra, a Hyderabad based firm has planned to sell some of its lands in Bangalore, Pune, Chennai, Hyderabad and Visakhapatnam to recover from debt. The land measures around 1600 acres which was kept for real estate development. They have in total of 2300 acres of land, out of which 700 acres is being used [...] Continue Reading »
