The construction arm of infrastructure major Larsen and Toubro (L&T) has bagged orders worth nearly Rs 2,360 Crore for rural development projects, the company said in the statement.
Rating agency ICRA has announced it will maintain a stable year-end outlook for two major infrastructure sectors — roads and power.
Steel Authority of India Limited (SAIL) has supplied around 35,400 tonnes of steel for the construction of the Bogibeel Road-cum-Rail Bridge on the river Brahmaputra. This is little more than 50 per cent of the total quantity of steel supplied for the bridge.
Prime Minister Narendra Modi on Tuesday inaugurated the country’s longest rail-cum-road bridge over the Brahmaputra river at Bogibeel near Dibrugarh in Assam.
Sadaiv Atal, a memorial of former Prime Minister Atal Bihari Vajpayee, was dedicated to the nation Tuesday on his 94th birth anniversary.
The inquiry of the Institute of Chartered Accountants of India (ICAI) against certain statutory auditors of the beleaguered IL&FS Group, including those of IL&FS Ltd and two of its subsidiaries, IL&FS Transportation Networks Ltd (ITNL) and IL&FS Financial Services Ltd (IFIN), will be held next week in Kolkata, a top official said.
The corporate affairs ministry on Thursday moved the National Company Law Tribunal (NCLT) seeking to reopen the books of IL&FS Group and its subsidiaries for the past five years under Section 130 of the Companies Act, to ascertain financial mismanagement.
The board of debt-laden IL&FS on Thursday initiated two separate processes to explore the sale of its interests in the education business as well as in the alternative investment fund (AIF) management business.
Shares of debt-laden IL&FS group companies furthered gains for the second day, rising up to 10 per cent as the company looks to sell equity stakes in its road assets to raise funds.
The IL&FS board on Monday decided to seek buyers for the road assets of its listed road development unit, IL&FS Transportation Networks (ITNL), as the embattled group looks at ways to pare debt of as much as ₹91,000 crore.
The IL&FS board on Monday decided to seek buyers for the road assets of its listed road development unit, IL&FS Transportation Networks (ITNL), as the embattled group looks at ways to pare debt of as much as Rs. 91,000 crore.
The shares of IL&FS Engineering and Construction Co Ltd , IL&FS Transportation Networks Ltd and IL&FS Investment Managers Ltd are trading higher between 4.8 per cent and 9.3 per cent on Tuesday.