Construction Sector
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...
BIS Steel Norms Disrupt MSME Supply Chains, Imports Stall: GTRI
The steel ministry’s decision to extend mandatory Bureau of Indian Standards (BIS) certification to not just finished steel products but also all raw...
Raymond Realty to Launch ₹14,000 Cr Projects in FY26; Stock Market Debut on July 1
In FY26, Raymond Realty is in the process of launching six new residential projects across the Mumbai Metropolitan Region (MMR) with a projected...
Industry Body Slams Retrospective GST Rule Change on Commercial Construction
The Centre’s recent retrospective amendment to the GST Act, denying input tax credit (ITC) on building materials consumed in commercial constructions like malls...
