Economy & Market

L&T arm secures Rs 6.4 bn contract

Published

13 years ago

November 7, 2012

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The Buildings & Factories arm of the construction and engineering major Larsen & Toubro secured a Rs 644 crore contract from International Institute of Information Technology (IIIT), Hyderabad.

The order is to construct a permanent campus facility for the institute. The scope of this order includes construction of the engineering blocks, faculty and staff housing, student hostels, dining halls, including ancillary and other associated works.

Meanwhile, its infrastructure arm L&T Construction has bagged an order worth Rs 1,252 crore from the Delhi Metro.

The Delhi Metro order will be executed as a joint venture with Shanghai Urban Construction Group. It will design and construct a tunnel between Shankar Vihar and Hauz Khas in south Delhi as well as underground stations at Vasant Vihar, Munirka, RK Puram, IIT and Hauz Khas, the company said in a statement.

L&T Construction’s share in the project is Rs 852 crore, the statement added.

Concrete

Shree Cement reports 2025 financial year results

Published

4 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

4 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

4 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/