TURNKEY PROJECTS CONTRACTORS
Railways stocks: Will they prove the analysts wrong? 7 stocks: 2 with buy recos, 1 hold, 4 with sell recos
The growth of a sector is impacted by many factors. In some, growth is purely a function of one factor: Government spending. Railways is one such sector, and all the growth companies in the sector saw in recent years was because the government had upped spending. Now, the question is: Will railway stocks, which saw a sharp increase in valuations from 2023 to mid-2024, see another round of upward movement? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
BCD Group doubles aim to deepen pan-India presence
BCD Group doubles its order book to Rs 2,000 crore in Q1 2025, fueled by increased demand for commercial and residential projects in India, especially in Bengaluru. With key clients like Godrej and Embassy Group, the company focuses on operational efficiencies, advanced technologies, and sustainable practices to drive growth and maintain its zero-debt status.
Railways stocks: Time for a contrarian stand? Probably yes, but hedge. 6 stocks: 1 buy, 1 hold, and 4 with sell recos
Does being contrarian always help? Let’s answer this question by going back to early 2022. Was anyone recommending railways stocks then? The answer is no. Come mid-2023, buy recommendations started coming, and by the start of 2024 railway stocks had all the attention. After the 2024 elections, because the government did not announce the kind of numbers that the street expected, there was a de-rating of most PSU stocks, including railways. Things got worse because the market as a whole came under pressure. Today, a majority of analysts have sell recommendations on railways stocks. Will they be proven wrong?
HVAX Technologies stock debuts with 6% premium on NSE SME platform
HVAX Technologies' shares debuted with a 6% premium on the NSE SME platform, listing at Rs 486 against an issue price of Rs 458. Funds from the offer will support working capital and corporate needs.
Rulka Electricals stock debuts at 123% premium over IPO price
Rulka Electricals listed on the NSE SME platform with a 123.4% premium. The IPO of 11.23 lakh shares received a subscription of 600 times.
HOAC Foods IPO booked 17x so far on Day 1; Rulka Electricals' issue subscribed nearly 2x
The initial public offer (IPO) of HOAC Foods is getting a bumper response from investors with an overall subscription of 17 times just within a few hours of opening on Thursday. The issue closes on May 21.
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Rulka Electricals IPO opens today: Check issue size, price band, GMP and other details
Rulka Electricals IPO: Rulka Electricals SME IPO opened today to raise Rs 26.4 crore on NSE SME platform. India's power generation grew by 8.87% in FY23. Company specializes in turnkey projects contractors for fire fighting projects. Company's revenues for Feb 2024 were Rs 65.27 crore. GMP was Rs 65.
Rulka Electricals IPO to open on May 16. Check price band and other details
Rulka Electricals IPO will open on May 16 with a price band of Rs 223 - Rs. 235 per share, aiming to raise approximately Rs. 26.4 crore.
L&T Construction bags order for AMAALA project in Saudi Arabia
Spanning 4,155 square kilometer, the project features pristine landscape and diverse natural ecosystems, coupled with unique and intriguing heritage and local culture.
BCD Group and ArisUnitern form strategic partnership to fast track projects
As part of the partnership, both companies will contribute towards fund flow management and offer advisory or transactions and bring investors, along with turnkey construction solutions, thus providing well-rounded services across the project development value chain.
BCD Group bags project to develop semi-luxury apartments in Chennai
The company has bagged to develop a semi-luxury apartments Project in Chennai-Ayana 96 to cater to the growing demand for quality residential projects. With this project, the BCD Group is also enhancing its exposure to the Tamil Nadu market with a slew of residential, commercial and industrial projects.
Tech enabled construction company Brick&Bolt introduces contactless construction for home builders
With contactless construction, documents can also be signed electronically. Customers can also approve plans, track real time progress and monitor every aspect of the project virtually. With a designated project manager and the use of multiple technology platforms, the company ensures no quality check is missed during the construction process.
Cabinet approves NITI Aayog proposal to boost construction sector, restart stalled infra projects
The new regime will ensure that projects are not stalled and the developer and its other projects do not suffer because of want of funds.
Have achieved EBITDA margin of 10.5% in actual terms: Anil Gupta, CMD, KEI Industries
Anil Gupta, CMD, KEI Industries, says that they have bagged significant amount of contracts from some states for turnkey execution in the last two months.
Contractors in consortium not to be taxed as AOP: CBDT
It pertains to taxation of consortium formed by contractors to implement large infrastructure projects, particularly in EPC contracts and Turnkey projects.
Azure Sunlight to use $20 million for rooftop solar power project
SAM Consultant said it has facilitated Azure Sunlight's borrowing of $20 million for a 19-MW rooftop solar power systems project.
Government pushes for clarity on the taxation of consortium to attract investment
The move comes after taxation of consortium as 'association of persons' emerged as a key roadblock for foreign investors eyeing infrastructure sector.
Rs 50,000 crore held up between Utilities & EPC Contractors: IEEMA
IEEMA submitted a model document on ‘Standard Terms and Conditions for Turnkey Transmission, Distribution, and Substation Contracts’ to the ministry of power.
Rays Experts to execute 25 MW solar power projects in 2 months
Rays Experts, a turnkey contractor in the solar power sector, will execute 25-MW capacity solar power projects in the next two months.
IL&FS gets LoI for automated parking facility in Hyderabad
IL&FS said it has received a LoI to construct Hyderabad's first Integrated Multilevel Automated Car Parking facility for Charminar Robo Park Ltd.
Budget 2013: Coal India hopes to awards 2-3 large PPP contracts next year
Although entering into a public private partnership, as announced in the union budget, for Coal India is not possible under the law.
Power gear makers face order crunch on strict bidding norms
Engineering firms and power gear makers are facing an order crunch as power project developers place stringent bidding conditions.
Government mulls 20,000 crore boost for road projects
With award of highway projects slowing down due to bad market sentiment, the government is banking on rolling out about 3,000-4,000 km highway projects with 100% financial support.
Hisk-risk investors can consider VKS Projects IPO: SMC Investments
With negative cash flows since 2007, the prospects of VKS look challenging. However, it has a relatively low debt to equity ratio and robust order book.
Centre finalises new EPC model for financing national highways
Govt will showcase this new financing model by spending over Rs 1,200 crore in upgradation of highways in Sonia Gandhi’s Rae Bareli constituency.
VA Tech Wabag IPO long-term investment opportunity: Sharekhan
Sharekhan is of the view that VA Tech Wabag is the only focused water and waste water treatment company in India with a strong brand.
Deutsche Bank maintains 'Buy' rating on HDIL
It now gives turnkey projects to large contractors, so as to focus on its core competency - getting large redevelopment projects including all approvals and marketing them to end users.
Videocon to set up 5K MW projects in Gujarat, WB
Videocon will set up thermal power projects aggregating 5,000 MW in Gujarat, West Bengal and Chhattisgarh.
Time ripe to clear the mess of service tax laws
Service tax on turnkey contracts & taxation of oil field ops are examples of the directionless policymaking.
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