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Construction

Oct 17, 2019, 11.06 PM IST
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Punj Lloyd wins Rs 54-crore arbitration in case vs ONGC

Arbitrators consented to Punj Lloyd’s plea, seeking compensation for expenses incurred in laying a pipeline at Hazira for ONGC. They also accepted ONGC’s counter claims and asked Punj Lloyd to pay Rs 6 cr for an unutilised advance payment.

DLF settles Rs 8,700 crore amount payable to JV with GIC

This deal included sale of 33.34 per cent stake in the DCCDL to GIC for about Rs 9,000 crore and buyback of remaining shares worth about Rs 3,000 crore by DCCDL.

Prestige Group inks JV with DB Realty to develop hospitality-led project in Delhi

The 50:50 joint venture will develop total 2 million sq ft project with total 932 hotel rooms, 6.45 lakh sq ft office space apart from a 2 lakh sq ft convention centre.

Adani gets more time to buy Bidvest’s stake in MIAL

Adani had moved the high court last month seeking execution of its agreement with Bid Services Division Mauritius (Bidvest) for sale of its stake in the airport.

Reliance Infrastructure to cut debt further, to be capital-light: Anil Ambani

Addressing the shareholders at the AGM, chairman Anil Ambani also said the group's defence businesses will also follow an asset- and capital-light model.

McNally Bharat, Kaylon ink deal to take up infra projects

The six decade old company and Turkey's Kaylon Group have signed an agreement to take up infra projects jointly.

GMR, Adani, 17 others show interest for Jewar airport

The development work of the airport is expected to commence in 2020 and the first phase will be completed by 2023.

L&T to create technology jobs in New Jersey

The announcement was made in the presence of Governor of New Jersey Phil Murphy, who is currently on a bilateral trade visit to India.

Roadis in talks to buy out partner in Indian joint venture

The JV, Soma Roadis, has four highway concessions under the build-operatetransfer model in India, stretching 710 km — Panipat-Jalandhar (291 km), Kishangarh-Ajmer-Beawar (94 km), Surat-Hazira Port (133 km) and Varanasi-Aurangabad (192 km).

L&T Construction bags contract from CIDCO to construct residential project in Navi Mumbai

The company said the order falls under the 'major' category, which ranges between Rs 5,000 crore and Rs 7,000 crore according to the classification of contracts.

Mumbai airport stake: Adanis move Bombay high court against GVK bid to stall its deal

Mumbai airport stake: Adanis move Bombay high court against GVK bid to stall its deal

Adani in its suit filed on September 4 has claimed that its share purchase agreement dated March 5, 2019 with Bidvest, held through its Mauritian arm, is valid, subsisting and binding.

A bitter ‘PIL’ for Indiabulls Group: Co dismisses accounting irregularities allegations

A bitter ‘PIL’ for Indiabulls Group: Co dismisses accounting irregularities allegations

​​This is the third time allegations of fraud are being levelled against Indiabulls Housing since May, when it announced a plan to merge with Lakshmi Vilas Bank.

IVRCL up for sale, liquidator invites EoI from bidders

IVRCL up for sale, liquidator invites EoI from bidders

The company is under liquidation as a going concern following an order by the National Company Law Tribunal (NCLT), Hyderabad nench.

New rules to end disputes with infra companies

New rules to end disputes with infra companies

NHAI alone is to clear claims of over Rs 50,000 crore to road developers, despite losing cases in arbitration.

NCLAT stays formation of HDIL committee of creditors

NCLAT stays formation of HDIL committee of creditors

The NCLT had asked the company's financial creditors and homebuyers to submit their claims against the company by September 8.

SC seeks NBCC response on completing stalled Jaypee group projects

SC seeks NBCC response on completing stalled Jaypee group projects

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply by Thursday.

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