
Odisha develops new policy to link construction to water conservation

MoRTH鈥檚 Stricter Rules Expected to Ease Road Project Pressure: Icra
Rating agency Icra anticipates that the Ministry of Road Transport & Highways (MoRTH) will tighten bidding norms by introducing a requirement for additional performance security (APS), aiming to reduce competitive pressure in Central Government road projects.Earlier, the relaxed bidding guidelines had led to fierce competition in central government road tenders, with many contracts awarded at steep discounts鈥攁round a median of 25 per cent between January 2024 and March 2025. However, the new policy could place financial stress on small and mid-sized contractors, especially those with lim..

Capacit'e targets Middle East expansion after Maldives entry
Mumbai-based engineering, procurement, and construction firm Capacit鈥檈 Infraprojects is expanding into international markets, with its first project currently underway in the Maldives through a joint venture with a local partner. The company, which holds an order book worth Rs 120 billion from the Indian market, is also considering similar partnerships and projects in West Asia, Subir Malhotra, whole-time director, mentioned during an interaction.Malhotra explained that the company is open to seeking partners and good projects in West Asia. He emphasized that their initial approach involves ..

Ceigall India Approves Merger of Subsidiary with C&C Construc
Ceigall India, a notable entity in the Indian infrastructure sector, has released its consolidated financial results for the fourth quarter of the fiscal year 2023 (Q4 FY23), reflecting a mixed performance. While the company recorded a rise in revenue, it faced a decline in net profit and EBITDA, pointing to operational challenges.Revenue GrowthThe company reported a revenue of Rs 10.00 billion for Q4 FY23, an increase from 鈧�9.40 billion in the same period the previous year. This reflects a year-on-year growth of 6.38%, underlining Ceigall India's ability to expand its top line despite a cha..