Tile maker Somany Ceramics post 20 pc rise in net profit in Q4
Somany Ceramics posted 19.85 per cent rise in net profit at Rs 10.14 crore for the quarter ended 31 March 2013, on the back of robust sales. It had posted a net profit of Rs 8.46 crore for the
JSW Group to buy Heidelberg Cement’s grinding unit in Raigad
Heidelberg Cement India has decided to sell its 0.6 million tonnes per annum (mtpa) cement grinding facility in Raigad to JSW Group "as a going concern on slump sale basis" for an undisclosed sum.
Environmental impact assessment report on Vizhinjam Port by month-end
Amid a fresh grievance filed at IFC against the much-delayed Vizhinjam project, the head of the proposed port said the complaint will have no material impact as the Rs 4,000-crore port is bound by a
Srei Infra Fin to raise Rs 1,500 crore via debentures
Srei Infrastructure Finance Ltd on 21 May stated that its board of directors has approved the raising of Rs. 1,500 crore through public issue of debentures in one or more tranches during the current fiscal year.
Punjab CM approves repair of link roads project covering 11,000 km
The Punjab chief minister Parkash Singh Badal approved the proposal for the repair of link roads covering 11,000 km at a cost of Rs.1700 crore across the state to be completed by June 2014. Badal was
Jain Group to build affordable houses worth Rs 2,000 crore in East India
Kolkata-based real estate developers, the Jain Group is planning to build affordable housing projects across four cities in East Indian, entailing a living space of five million square feet at an investment of
Reliance Infra clarifies that it awaits nod to start work on stalled projects
While reports were pouring in saying Reliance Infrastructure is in the process of exiting from mega projects worth Rs 20,000 crore due to delay in regulatory clearances, the company has clarified that it is
Prithviraj Chavan to meet people to be displaced by Navi Mumbai Airport
The Navi Mumbai airport project appears to be gaining some amount of momentum. The Maharashtra chief minister Prithviraj Chavan plans to meet people who will be displaced by the proposed Navi
Government to build township for project affected persons of Navi Mumbai airport
The City Industrial Development Corporation (Cidco), the nodal agency for executing the Navi Mumbai International airport project, made a presentation to CM Prithviraj Chavan on 20 May on the
Gammon scouting global partner for Indira Container Terminal at Mumbai Port
Gammon Infrastructure Projects has began discussions with international port operators for its Indira Container Terminal at Mumbai Port and replace its current partner, Spanish logistics firm Dragados.
Jaipur Metro phase-I ready to roll out in August
The metro ride appears closer to people of Jaipur as early as August this year, as the first lot of four coaches arrived in the city from Bangalore on 20 May. Said Jaipur Metro Rail
Small offices trending with developers targeting professionals
Kohinoor group of Shiv Sena leader Manohar Joshi launched office spaces of 1,000-1,500 sq ft each at its The Chambers project at Kohinoor Square in the Dadar area on Akshay Tritiya day. Within few days,
Prithviraj Chavan to pitch for Chinese investments in Maharashtra, Mumbai alone needs Rs 60k cr
Maharashtra will market its paramount position and invite Chinese investors in a big way into the state at a meeting slated between the visiting Chinese Premier Li Keqiang and Maharashtra Chief Minister
Godrej Properties launches new residential project in Bangalore
Godrej Properties, the real estate development arm of the Godrej Group, has entered into a Development Management Agreement with United Oxygen Company Private Limited, to develop their
India Cements forays into infrastructure building, incorporates a new subsidiary
India Cements Ltd (ICL), a cement-major has formed a new subsidiary to venture into infrastructure building during the fourth quarter. The company has already bagged orders worth Rs 120 crore during