IVRCL Infrastructures & Projects Limited (IVRCL) has informed that it has secured the lift irrigation project, from the Government of Andhra Pradesh, Irrigation & CAD Department.

The project is valued at Rs 499.23 crore.

Under the arrangement, the company would execute Kaleswaram Lift Irrigation Scheme, which includes investigation, designs, with allied works lifting of 4.50 TMC of water from Godavari River near Kannepally (V) of Kaleshwaram, Mahadevpur (M), Karimnagar District. The project is expected to be completed in 48 months. 

Hyderabad-Based Lanco Infratech Limited has informed that the company has bagged a Letter of Intent (LoA) from Kerala Government, for Vizhinjam international transshipment terminal port project work. 

The Project was awarded to the Consortium of LANCO and Pembinan Redzai Sdn Bhd of Malaysia after the Government of India formally granted the security clearance to the Consortium earlier this month. 

Larsen and Toubro (L&T), India's largest engineering and construction conglomerate, has notified that its newly formed Buildings & Factories Operating Company, which is a part of its Construction Vertical has bagged several large-value orders aggregating to around Rs 5000 crore in the second quarter of 2008-09.

The scope of work involves construction of a slew of institutional, commercial, residential and factory buildings.

Kernex Microsystems India Ltd has informed that it has won a bid for a contract, which is valued at US$ 16.05 million from an Egypt-based firm.

In the month of May, the company participated as prime bidder in a bid for execution of 136 Level Crossing developments for Egyptian National Railways (ENR).

The company received a communication from its local representative in Egypt, reporting that Kernex has won the bid. However on receiving the official intimation from ENR, the contract will be signed.

All local infrastructure companies would be allowed to borrow international funds and spend those funds in India. The finance ministry has recommended five fold increases in international funds from $100 million to $500 million. The companies which are working in infrastructure activities such as roads, ports, power plants, telecom infrastructure building activities can avail the opportunity for their respective business expansion. The government has fixed a minimum average maturity of 7 years for funds above $100 million.