Construction Sector
ACC Q2 profit jumps fivefold to Rs 1,119 crore on strong cement demand and higher sales
ACC Ltd’s Q2 profit rose fivefold to Rs 1,119 crore on robust cement demand and higher sales, with revenue up 30% to Rs...
Tamil Nadu to Open Eight New Sand Quarries from November 1 to Ease Supply Shortage
The Tamil Nadu government has approved the opening of eight new sand quarries from November 1 across five districts to meet growing construction...
L&T Secures Major Orders Worth Rs 2,500–5,000 Crore from Hindalco and Tata Steel
Larsen & Toubro’s Minerals & Metals division has secured large orders worth Rs 2,500–5,000 crore from Hindalco and Tata Steel for aluminium and...
Puravankara subsidiary secures Rs 211.53 crore contract from SBR Builders for Bengaluru residential project
Puravankara Ltd’s subsidiary, Starworth Infrastructure & Construction Ltd, has secured a Rs 211.53 crore contract from SBR Builders for constructing the ‘SBR Global...
NMDC Cuts Iron Ore Prices by up to ₹550 per Tonne; Targets Record 55 Million Tonne Output
NMDC has reduced iron ore prices by up to ₹550 per tonne effective October 22, revising rates for Baila Lump and Fines. The...
UltraTech Cement Approves Rs 10,255 Crore Expansion to Boost Production Capacity by 22.8 MTPA
UltraTech Cement has approved a Rs 10,255 crore investment to expand its production capacity by 22.8 MTPA, reaching 240.76 MTPA by FY28 through...
UltraTech Cement Q2 Profit Surges 75% to Rs 1,232 Crore; Approves Rs 10,255 Crore Expansion Plan
UltraTech Cement’s Q2 profit surged 75% to Rs 1,232 crore with revenue up 20%. The company approved a Rs 10,255 crore expansion plan...
Jindal India Expands Steel Capacity with Rs 1,500 Crore Investment in West Bengal
Jindal India commissions a new Rs 1,500 crore downstream steel facility in West Bengal, boosting production capacity by 60% and strengthening its position...
GST on Cement Cut to 18%: Relief for Real Estate and Affordable Housing
The big news is that the GST council has decreased the tax on cement from 28% to 18%, as announced in its 56th...
GST Cut May Shift Cement Market Towards Premium Players, Says Nomura
India’s cement market is bracing for a major shift as the GST Council meets on September 3–4 to decide on reducing the tax...
