Buildwatchnews
Steel Prices Surge in Chennai, Hyderabad, and Bellary Amid Market Volatility
On December 6, 2024, steel prices in South India saw a notable increase. Mills raised their offers for semi-finished and finished long products...
CREDAI President Boman Rustom Irani Welcomes RBI’s Rate Decision, Eyes Further Reductions
Boman Rustom Irani’s Views on RBI’s Latest Move Boman Rustom Irani, President of CREDAI (National), shared his thoughts on social media, expressing appreciation...
Somany Ceramics Expects Growth in H2 FY25 with Improved Demand and Capacity Utilisation
Somany Ceramics anticipates a stronger second half of FY25, with growth expected in the range of high single to low double digits. This...
MSME Engineering Exporters Concerned Over Proposed 25% Safeguard Duty on Steel Imports
MSME engineering exporters have expressed concerns over the government’s proposal to impose a 25% safeguard duty on steel imports, warning that it could...
Steel Market Faces Pressure in Chennai, Hyderabad, Bellary
The induction furnace (IF) steel market in Chennai, Hyderabad, and Bellary saw notable price corrections on December 2, 2024, as mills adjusted their...
Puravankara Plans Rs 2,000 Crore Fund to Expand in Affordable Housing Segment
Real estate developer Puravankara is set to launch a real estate fund of up to Rs 2,000 crore to fuel its expansion in...
India’s Steel Imports Up 41%, BIS Enforces Quality Standards to Protect Industry
India’s steel imports have risen sharply in the first half of 2024-25, reaching 4.735 million tonnes, a 41.3% increase compared to 3.329 million...
Cement Demand Growth to Moderate to 5-6% in FY25: CareEdge Ratings
The cement sector is projected to see demand growth moderate to 5-6% in FY25, down from 8-9% in recent years, according to CareEdge...
Sri Venkatachalapathy Constructions Bags Rs 129.20 Crore Chennai Sewerage Project
Sri Venkatachalapathy Constructions has emerged as the lowest bidder (L1) for a crucial water and sewerage project in Chennai. The Rs 129.20 crore...
Construction Costs Surge by 39% in Big Cities, Impacting Housing Projects
The cost of construction for housing projects in major Indian cities has surged by 39% over the past four years, now averaging Rs...
