CHENNAI : The Centre is keen on developing and investing in Tamil Nadu, said Governor Banwarilal Purohit on Monday, speaking at an award function organised by the Builders Association of India (BAI). Recalling his meeting with Nitin Gadkari, Union Minister for Road Transport and Highways and Shipping, the Governor said the Minister had expressed his
It’s the bane of every customer who’s ever bought an apartment under construction. Delayed deadlines, surprise costs and contractual back-footing that the developer blames on technical hitches in construction or lack of building permission. Across metro cities in India, as congestion in urban arteries pushed companies to engage in verticalisation or building upwards for lack
India’s construction and manufacturing industry is the country’s second-largest employer and contributor to economic activity, after agriculture. But a darker side to this explosive growth is that it is also one of the most dangerous. The sector must be more prepared to ensure safety of those who work in its lowest rungs. Despite a decline
The Swiss building materials manufacturer, LafargeHolcim, has announced its plans to commit SHF200mn (US$213mn) to Indian investment. The firm is to construct a new cement plant, locacted in the Rajasthan state in the north of the country. The plant will serve customers across the North of India, with Delhi anticipated to be a larger consumer.
Atlas Copco Power Technique, an on-site provider of air, power and flow solutions, is quite positive of its growth prospects this year. Nitin Lall, General Manager, Power Equipment, Atlas Copco, said the power technique business vertical of the company, which deals with products such as portable compressors, pumps, light towers and generators, along with a
MUMBAI: Tokyo-based diversified conglomerate Sumitomo Corporation is set to form a joint venture with an Indian company to build integrated township projects across the country, two persons familiar with the development said. “The Japanese company is at an advanced stage of finalising the structure of the venture and, as its first project, it may start
Steel Authority of India’s Rourkela Steel Plant has initiated a new project of utilising waste plastic in road construction, the first such initiative taken up in Odisha. As a pilot project, a one km stretch of road between Rourkela Club to Shaktinagar Chowk in Sector-2, Rourkela has been constructed mixing shredded waste plastic in road
With the e-commerce market booming, a New-Delhi based startup Supplified.com will now be selling construction materials online. The company’s primary expertise is in selling raw materials and finished products for construction or renovation of houses and buildings – with a smaller specialised segment slotted for cleaning products. A versatile model as it appears to be, Supplified.com could be an
MUMBAI: Industrial conglomerate Larsen and Toubro (L&T) on Thursday said its construction arm has bagged orders worth Rs 1,585 crore across various business segments. In a regulatory filing to the BSE, L&T said its construction arm has won an order worth Rs 513 crore in the transportation infrastructure business. “The business has bagged a new order
HIGHLIGHTS The economic survey suggested that real estate and construction sector will create over 15 million jobs over the next five years Real estate and construction together is the second largest employment provider in the country By 2022, the workforce in this sector is set to be at 67 million NEW DELHI: The real estate and construction