Ganesh Infraworld, a Kolkata-based engineering, procurement, and construction (EPC) firm, is looking to raise Rs 200–250 crore through a qualified institutional placement (QIP) soon, according to people familiar with the matter. The company, which listed on the NSE SME Emerge platform on December 6 last year, had a market value of Rs 971.91 crore at … Read more
Shares of GR Infraprojects surged 5.8% to their day’s high of Rs 1,730 on the BSE after the company announced securing a Rs 903.5 crore contract from Maharashtra Metro Rail Corporation for the design and construction of an elevated metro viaduct in Nagpur. “We are pleased to inform you that our company has received a … Read more
NEW DELHI: Larsen & Toubro is likely to report a multi-fold surge in its net profit, largely on the back of a weak year-ago base. On a sequential basis, profit may actually halve, analysts said. Nomura India noted that execution weakened for the engineering, procurement and construction ( ) companies like L&T during the June … Read more