Infrastructure Sector

Maytas Infra receives Rs 110 crore project from Southern Railways

Maytas Infra receives Rs 110 crore project from Southern Railways  Hyderabad-based Maytas Infra Private Limited (MIPL), has announced that it has secured a project worth Rs 110 crore from the Southern Railways.

The company has received the said project in consortium with Chennai-based CT Ramanathan and Co. According to sources, the project has been awarded for doubling broad railway track between Chengalpattu and Villupuram in Tamil Nadu.

IVRCL Infra bags order worth Rs 260.46 crore

IVRCL Infra bags order worth Rs 260.46 croreHyderabad-based company IVRCL Infrastructures & Projects Ltd has informed that the Buildings & Industrial Structures (B & IS) and Water Divisions of the Company have jointly bagged orders worth Rs 260.46 Crores.

Further, IVRCL quoted in a press release that company’s B&IS Division has picked first order worth Rs 92.51 crore from Bangalore Metro Rail Corporation for the construction of two elevated metro station viz CMH Road and Byappanahalli Station in Reach-I. The project is scheduled to be completed in 22 months.  

Ahluwalia Contracts wins various orders worth Rs 394 crore

New Delhi based civil engineering contracting firm, Ahluwalia Contracts Ltd has informed that the company has secured various orders worth Rs 394 crore.

The company has secured first order worth Rs 72.84 crore from Delhi Metro Express for construction of Dwarka Depot including civil, building services and architectural work in New Delhi.

While, the second order, valued at Rs 50 crore has been received from Tata Medical Centre Trust, for construction of general building, finishing and miscellaneous works of Tata Medical Centre, situated at Kolkata.

The third order, which is for construction of D.N.Nagar Depot, Mumbai has been secured from Mumbai Metro One Pvt. Ltd. for Rs 184.09 crore.

Era Infra picks order worth Rs 49.51 crore from BHEL

Era Infra picks order worth Rs 49.51 crore from BHELApart from winning various orders worth 294 crore, Era Infra Engineering Ltd today bagged another contract worth Rs 49.51 crore from BHEL, the country’s premier engineering organization.

The order is for civil, architectural and structural works for GSECL, 1x500 MW Ukai TPS Extension Unit # 6 CHP & AHP Project, District Surat, Gujarat.
The company stated in a release that, the cost of steel is not included in the value of the order as BHEL will supply it free of cost.

Era Infra Engineering wins orders worth Rs 294 crore; stock surges 10%

Era Infra Engineering wins orders worth Rs 294 crore; stock surges 10%Era Infra Engineering Ltd, a unified infrastructure development conglomerate, has informed that the company has pocketed four orders worth Rs 294.13 crore.

The company has secured first contract worth Rs 88.78 crore from National Institute of Technology, Calicut for construction of "Mega Hostel" at NIT, Calicut. The scope of work includes civil works, plumbing & sanitary works, electrical installation work, fire hydrant and alarm works, road and drain works.

L&T Intraday Buy Call

L&T Intraday Buy CallStock market analysts have maintained ‘buy’ rating on Larsen & Toubro (L&T) stock with an intraday target of Rs 838.

According to analysts, interested traders can purchase the stock above Rs 820 with a strict stop loss of Rs 800. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 850.

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