Hyderabad-based IVRCL Infrastructures and Projects Ltd (IVRCL) has notified that it has bagged seven projects worth Rs 670.03 crore from different agencies for construction related works.
The company picked first order worth Rs 332.55 crore from Narmada Development Division in Madhya Pradesh for the execution of Lower Goi project in the state.
Under the project, the company will construct dam, canals and its distribution network for irrigation purpose in the state in a period of four years.
Mumbai-based Gammon India Ltd has notified that it has secured a project c
Mumbai-based Valecha Engineering Ltd has informed that it has picked new projects worth Rs 136 crores which includes road resurfacing of runway at Srinagar worth Rs 71 crores and construction of under pass connecting to Dwarka at Delhi worth Rs 65 crores.
Hyderabad based IVRCL Infrastructures & Projects has informed the market that it has bagged project orders worth Rs.359.52 crore from different agencies for construction related works. 
The Macquarie-SBI Infrastructure Fund (MSIF) is the newly-announced joint venture of India's biggest lender State Bank of India (SBI) and the largest Australian investment bank Macquarie Group Ltd., which has raised $1 billion for investment in ports and power plants in India. 
Infrastructure companies could well see an upside to their margins after the reduction in prices of steel and cement. Last week, steel manufacturers cut the price of steel by Rs 400-600 a tonne to about Rs 28,000 and cement makers have reduced the cost of bulk cement by Rs 4-5 per 50-kg bag to Rs 225-245. The moves follow the reduction in the central excise duty from 10% to 8% on February 24. 
