HCC-KEC JV wins Rs 1,147 crore Chennai Metro order ANI | Updated: May 13, 2021 13:34 IST
Mumbai (Maharashtra) [India], May 13 (ANI): Hindustan Construction Company (HCC) in a joint venture with KEC International has been awarded Rs 1,147 crore contract by Chennai Metro Rail Ltd for construction of 7.95 km elevated viaduct section and nine elevated stations on corridor four of phase two.
HCC share in the JV is 51 per cent or Rs 585 crore. The scope of work involves civil works, architectural works, plumbing & drainage and temporary services, the company said in a statement on Thursday.
The nine elevated stations include Chennai Bypass Crossing, Rarriacharidra Hospital, lyyaparithangal Bus Depot, Katupakkam, Kumanan Chavadi, Karayan Chavadi, Mullai Thottam, Poonamallee Bus Terminus, Poonamallee Bypass.
by Aashish Chandorkar - May 1, 2021 03:36 AM
Laxmanrao Kirloskar
Snapshot
The legacy of the likes of Premchand Roychand, Laxmanrao Kirloskar and Walchand Hirachand and countless others has continued over the years in making Maharashtra an engineering and industry powerhouse.
Maharashtra is the foremost industrial state in the country and accounts every year for nearly 15 per cent of the Indiaâs gross domestic produce (GDP). While the state is now synonymous with several industries and is a top destination for Foreign Direct Investment (FDI) coming to India, Maharashtra has always had a rich legacy of industrialists operating in the state.
While several business families are well known today, a lot of older names have been either forgotten or their impact not fully understood. On Maharashtra Day, this article discusses three such names, all of whom were born in the nineteenth century.
US shares hit all-time highs after strong jobs data
The S&P 500 and the Dow hit record highs on Monday as investors cheered strong jobs data and looked for a report on the services sector with signals that 2021 could see the best annual economic growth in nearly four decades. The Dow Jones Industrial Average was up 303.10 points, or 0.91%, at 33,456.31, the S&P 500 was up 34.30 points, or 0.85%, at 4,054.17, and the Nasdaq Composite was up 110.71 points, or 0.82%, at 13,590.81.
European shares closed for Easter Monday
European markets were closed on account of Easter Monday. Futures tracking the domestically focused Russell 2000 jumped about 1.5% as Friday s report showed US nonfarm payrolls surged by 916,000 jobs in March, well above 647,000 forecast by a Reuters poll of economists.
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NEW DELHI: Nifty saw a choppy trade in intraday session on Wednesday as the headline index closed lower for the fifth consecutive session. The 50-pack index formed a long bearish candle on the daily chart.
Ruchit Jain, Senior Analyst - Technical and Derivatives at Angel Broking said, Nifty has ended around 14,700, which is a crucial point now and a breach of this could then lead to a continuation of price-wise correction towards 14,500. On the flipside, 14,850-14,900 becomes the immediate hurdle now.
“The Indian market remained in negative territory as investors traded cautiously ahead of the US Fed meeting coupled with a resurgence in Covid cases. Adding to that, the rise in international crude prices is also dragging the Indian market. On a consensus basis, an accommodative policy is expected by the Fed, which will help the global market to stabilize, said Vinod Nair, Head of Research at Geojit Financial Services.
Tanishka Sodhi
These days, barricades and bulldozers obscure the view of Mumbaiâs Arabian Sea coastline. Signboards that read âconnecting people and placesâ watch over construction crews that have made good use of the pandemic lockdown to ramp up work on the ambitious Coastal Road project.
The 29-km road will link Marine Drive in the south to Kandivali in the north. The anticipated benefit? Reduction in travel time by about 70 percent in the second most
congested city in the world. Is the intended benefit worth the estimated cost in public resources, livelihoods, and environmental damage?
The project
comprises an eight-lane partly elevated road, a 2.31-km main bridge, a 13-km interchange bridge, a sea wall, and Indiaâs first undersea tunnel. About 68,000 vehicles are