Construction Materials Sector

NBCC aims to complete construction in all pending projects by March 2025 and deliver flats to homebuyers

Both businesses were chosen as contractors for the project out of ten, with Kalpataru winning the lowest bid for three packages and L&T for one.

Dilip Buildcon's net profit in Q3FY24 fell 3.2% year on year (YoY) to ₹107.4 Crore.

The project is slated for completion within 24 months from the contract award date, as mentioned in the company's filing to the stock exchanges

L&T considers orders between ₹1,000 Crore and ₹2,500 Crore to be 'significant'.

NBCC reported sales of 5,000 units for ₹2,900 Crore across multiple residential projects of the former Amrapali Group in December 2023.

MDF margins remained under pressure with GREENP and CPBI reporting 20% and 19% margins respectively in Q3.

A sizeable portion of this corpus is being fueled by the company's most recent $180 million fund-raise, which was disclosed in February of this year and was led by prominent private equity firm KKR. The company was valued at $1.2 billion by the funding

The proposed acquisition is to carry out the business of manufacturing of tiles.

GR Infraprojects Limited has emerged as L-1 bidder to establish "Transmission System for Evacuation of Power from RE Projects in Rajgarh (2500 MW) SEZ in Madhya Pradesh".