Infrastructure Sector

BSEL Infrastructure sells stake in hotel project

BSEL Infrastructure sells stake in hotel projectBSEL Infrastructure Realty Ltd has sold its stakes in BW Highway Star Hotel project at Balewadi, Pune. The firm had 17 percent stake in BW project and it has informed the Bombay Stock Exchange about sell out.

1,058,824 shares of face value Rs 10 each has been sold to Kamat Hotels (India) for Rs 79,411,800 while remaining 941,176 shares to Unity Realty and Developers
(subsidiary of Unity Infraprojects) for Rs 70,588,200.

Experts believe that ongoing global financial crisis is a major cause that prompted BSEL Infrastructure Realty Ltd to get out of the project.

Maytas Infra bags order worth Rs 110 crore

Maytas Infra bags order worth Rs 110 croreMaytas Infra Limited, one of

Unity Infraprojects wins order worth Rs 74 crore

Unity Infraprojects wins order worth Rs 74 croreMumbai-headq

Maytas Infra receives Rs 110 crore project from Southern Railways

Maytas Infra receives Rs 110 crore project from Southern Railways  Hyderabad-based Maytas Infra Private Limited (MIPL), has announced that it has secured a project worth Rs 110 crore from the Southern Railways.

The company has received the said project in consortium with Chennai-based CT Ramanathan and Co. According to sources, the project has been awarded for doubling broad railway track between Chengalpattu and Villupuram in Tamil Nadu.

IVRCL Infra bags order worth Rs 260.46 crore

IVRCL Infra bags order worth Rs 260.46 croreHyderabad-based company IVRCL Infrastructures & Projects Ltd has informed that the Buildings & Industrial Structures (B & IS) and Water Divisions of the Company have jointly bagged orders worth Rs 260.46 Crores.

Further, IVRCL quoted in a press release that company’s B&IS Division has picked first order worth Rs 92.51 crore from Bangalore Metro Rail Corporation for the construction of two elevated metro station viz CMH Road and Byappanahalli Station in Reach-I. The project is scheduled to be completed in 22 months.  

Ahluwalia Contracts wins various orders worth Rs 394 crore

New Delhi based civil engineering contracting firm, Ahluwalia Contracts Ltd has informed that the company has secured various orders worth Rs 394 crore.

The company has secured first order worth Rs 72.84 crore from Delhi Metro Express for construction of Dwarka Depot including civil, building services and architectural work in New Delhi.

While, the second order, valued at Rs 50 crore has been received from Tata Medical Centre Trust, for construction of general building, finishing and miscellaneous works of Tata Medical Centre, situated at Kolkata.

The third order, which is for construction of D.N.Nagar Depot, Mumbai has been secured from Mumbai Metro One Pvt. Ltd. for Rs 184.09 crore.

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