Latest news with #Procurement
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Business Standard
a day ago
- Business
- Business Standard
Dilip Buildcon shares rise on ₹1,341 order win from Konkan Railway Corp
Shares of Dilip Buildcon rose over 3 per cent on Friday after it received orders worth ₹1,341 crore from Konkan Railway Corporation for the construction of a Twin Tube Unidirectional Tunnel in the Kozhikode and Wayanad Districts of Kerala. The civil construction firm's stock rose as much as 3.98 per cent during the day to ₹506.8 per share, the steepest intraday gain since June 9 this year. The stock pared some gains to trade 1.08 per cent higher at ₹492.7 apiece, compared to a 0.95 per cent advance in Nifty 50 as of 12:50 PM. Shares of the company snapped a four-day losing streak on Friday, and have declined 10 per cent from its recent high of ₹545 apiece, which it hit earlier this month. The counter has risen 9.5 per cent this year, compared to a 5.2 per cent advance in the benchmark Nifty 50. Dilip Buildcon has a total market capitalisation of ₹7,193.78 crore, according to BSE data. Track LIVE Stock Market Updates Here Dilip Buildcon receives ₹1,341 crore project The company secured a Letter of Acceptance (LoA) from Konkan Railway Corp. for an infrastructure project in Kerala, according to an exchange filing on Friday. The project involves the construction of a twin-tube unidirectional tunnel, with two lanes in each traffic direction, spanning the Kozhikode and Wayanad districts, the company said in the statement. The scope of the project also includes the development of a four-lane approach road to provide direct connectivity between Anakkampoyil, Kalladi, and Meppadi. The contract covers a total project length of 8.275 kilometres. Valued at ₹1,341 crore, the order has a completion timeline of 48 months. Dilip Buildcon Q4 results The company's profit for the fourth quarter of the financial year 2025 (Q4 FY25) grew multifold year-on-year (Y-o-Y) to ₹170.83 crore, supported by earnings from its coal and hybrid annuity model (HAM) portfolio. The company had reported a net profit of ₹5.34 crore in Q4 FY24. However, revenue from operations declined 13.2 per cent Y-o-Y to ₹3,096.1 crore. Total expenses during the quarter stood at ₹2,831.51 crore, down 16.2 per cent Y-o-Y. The company's earnings before interest, taxes, depreciation and amortisation (Ebitda), excluding other income, came in at ₹209 crore, down 40.8 per cent Y-o-Y. The Ebitda margin also fell to 9.03 per cent in Q4 FY25, compared to 12.02 per cent in Q4 FY24. About Dilip Buildcon The firm is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company.
The Hindu
3 days ago
- Business
- The Hindu
Administrative sanction accorded for reconstruction of KC bridge
The State government has accorded administrative sanction for the reconstruction of the KC bridge in Kuttanad. The bridge on the Kidangara-Kannadi road will be constructed at a cost of ₹42.32 crore in the EPC (Engineering, Procurement and Construction) mode. Public Works Minister P.A. Mohamed Riyas said the decision to reconstruct the KC bridge with increased height was taken because boats were unable to pass under it when the water level rises in the canal, which is part of the National Waterway. The new bridge has been designed in accordance with the standards of the National Waterway. Mr. Riyas said the bridge would be built at a height of six metres from the highest water level (HTL) in the canal. Land acquisition for the project has been completed at a cost of ₹2.65 crore, the Minister said. Officials said that tenders would be invited after receiving final nod from the Inland Waterways Authority.
Business Standard
4 days ago
- Business
- Business Standard
Mayasheel Ventures Limited to Launch IPO on June 20, Listing on NSE Emerge by June 27
PNN New Delhi [India], June 17: Mayasheel Ventures Limited, a prominent infrastructure development company, has announced the opening of its Initial Public Offering (IPO) on June 20, 2025. Incorporated in 2008, the company has established a strong reputation as an 'A' class government contractor, primarily engaged in the construction of roads, highways, expressways, flyovers, and bridges. Mayasheel also undertakes complex electrical and civil projects on an EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantities) basis, delivering critical infrastructure for government departments, including NHIDCL. The IPO comprises a fresh issue of 58,05,000 equity shares at a price band of ₹44 to ₹47 per share, aggregating to ₹27,28,35,000. The IPO will open for subscription on June 20, 2025, and close on June 24, 2025. The Anchor Bidding will take place on June 19, 2025. The shares are proposed to be listed on the NSE Emerge platform with a listing date set for 27th June, 2025. The minimum lot size for the application is 3,000 shares. Of the total issue, 16,50,000 equity shares (22.13%) have been reserved for anchor investor,s and 2,91,000 shares (3.90%) are allocated for market makers. The balance issue includes 11,04,000 shares (14.81%) for Qualified Institutional Buyers (QIBs), 8,28,000 shares (11.11%) for Non-Institutional Investors (NIIs), and 19,32,000 shares (25.92%) for Retail Individual Investors (RIIs), as per SEBI guidelines. With over 17 years of operational history, the company has completed 32 civil contracts and 26 electrical projects, employing a workforce of 237 on-roll and 180 off-roll employees. Mr. Amit Garg, Chairman and Managing Director of Mayasheel Ventures Limited, stated, "This IPO marks a pivotal moment in our journey. With increased capital, we aim to strengthen our technical capabilities, expand our equipment base, and take on more complex, high-value government projects. Our focus remains on delivering quality infrastructure that drives national development." The net proceeds from the IPO will be utilised to fund capital expenditure for the purchase of equipment and machinery, meet working capital requirements, and support general corporate purposes. These investments are expected to enhance Mayasheel's execution capacity and competitiveness across its civil and electrical verticals. The Book Running Lead Manager for the company is Narnolia Financial Services Limited, and Registrar to the Issue is Maashitla Securities Private Limited.
GMA Network
13-06-2025
- Business
- GMA Network
DepEd deploys smart TVs, laptops ahead of school opening
Several public schools across the country have been equipped with new learning tools such as Smart TVs, laptops and textbooks as the Department of Education (DepEd) accelerates its efforts to modernize education under President Ferdinand R. Marcos Jr.'s digital transformation agenda. In response to the President's call for a future-ready and inclusive education system, the Education Department has fast-tracked its Early Procurement Activities (EPA). One of the beneficiaries, Pagalanggang Elementary School in Bataan, recently received five Smart TV units. School principal Jocelyn Reyes said the devices will significantly boost reading instruction. 'Napakalaking tulong po niyan talaga para mapabasa namin ang mga bata namin (That's a huge help for us to get our children to read.),' Reyes said. The deliveries form part of DepEd's FY 2025 EPA, which has secured 79 percent of the annual budget for the agency's Computerization Program. To date, 33,539 laptops for teachers and 5,360 for non-teaching staff have been procured, with deliveries ongoing. Nearly 26,000 Smart TV packages — each including external hard drives — have also been acquired. Region VII is set to receive over 2,300 units, while procurement continues for Regions IX and the Cordillera Administrative Region (CAR). In the National Capital Region, 1,340 laptops will be distributed to 268 schools between June 16 and 26. Secretary Angara emphasized that the true value of procurement lies in its impact on the ground. 'Hindi lang ito basta pag-deliver ng gamit, ito'y paghahatid ng oportunidad,' he said. 'Kapag dumadating na talaga sa mga paaralan ang mga kagamitan, doon natin nararamdaman ang tunay na pagbabago. Mas nagiging buhay ang pagkatuto, mas naaabot ng mga bata, at mas nakakagana para sa mga guro.' Beyond hardware, DepEd is also fast-tracking the delivery of textbooks aligned with the revised K to 10 curriculum. Titles for Grades 1, 4, and 7 are now 99 percent procured, while procurement for Grades 2, 5, and 8 is nearing 50 percent completion. Textbooks for Grades 6, 9, and 10 are expected to follow later this year, with distribution scheduled for 2026. Schools continue to utilize various supplementary learning resources, including lesson exemplars, activity sheets, ADM modules, and decodable books available in Library Hubs. Digital content is accessible through platforms such as the DepEd Learning Management System, Learning Resource Portal, and the Likha App. Educators on the ground say the early deployment of learning tools marks a shift toward proactive classroom management — a key aspect of quality education. — BAP, GMA Integrated News
Time of India
12-06-2025
- Business
- Time of India
NHAI Implements Limit of 10 Projects per Engineer to Boost Highway Quality and Safety, ET Infra
Advt By , ETInfra Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. To enhance the quality and supervision of national highway projects, the National Highway Authority of India NHAI ) has mandated 10 projects per engineer for consultancy firms. The new directive aims to ensure rigorous monitoring of construction and maintenance activities across the country's expanding highway NHAI observed that the practice of assigning multiple projects to one engineer was diluting the quality of supervision, potentially compromising the structural integrity and safety of the highways."Restricting the maximum number of projects per 'engineer' will not only enhance operational efficiency and ensure high-quality implementation as well as maintenance of highways but will also go a long way to ensure a safe, smooth, and seamless travel experience on the National Highways across the country," the authority stated in a restriction comes in response to concerns that a single designated 'Engineer' from a consultancy firm, tasked with overseeing numerous projects, is often unable to fulfill their contractual obligations primary role of this 'engineer' is to control and supervise the adherence to specifications and contract provisions, a responsibility critical to the qualitative and quantitative success of a allow for a smooth transition, consultancy firms have been given a 60-day period to make the necessary adjustments to comply with the new regulation, a statement by the Ministry of Road Transport & Highways directive includes detailed clauses that will be incorporated into the guidelines for consultancy firms involved in projects under the Hybrid Annuity Mode (HAM) and Engineering, Procurement, and Construction (EPC) clauses will cover the appointment of Independent Engineers and Authority Engineers, along with a clear delegation of their responsibilities.
