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Infrastructure
5 articles
Several Indian infrastructure companies are experiencing significant developments. L&T is divesting its entire stake in Hyderabad Metro to the Government of Telangana, aligning with a strategy to focus on core engineering businesses. Meanwhile, Welspun Enterprises secured a substantial ₹7,300 crore highway project, boosting its order book and transportation vertical. Ceigall India JV won a ₹918 crore metro contract, while Maharashtra is progressing with the PMAY-G housing scheme, sanctioning ₹8,368.5 crore in central assistance. A payment dispute between NHIDCL and subcontractors is currently under Supreme Court mediation, potentially impacting project timelines and financial flows.
Electrosteel Castings Q4 FY26 PAT Drops 90.5% YoY
Electrosteel Castings reported Q4 FY26 consolidated PAT of ₹16 crore, down 90.5% YoY, with revenue declining 12.2% to ₹1,493 crore.
The company presented its Q4 & FY26 investor presentation highlighti
Maharashtra PMAY-G 5 Lakh Houses Launch, ₹8368.5 Cr Sanction
Union Minister Shivraj Singh Chouhan launches Grih Pravesh for 5 lakh completed PMAY-G houses in Maharashtra on May 15, 2026.
Issues PMAY-G Mother Sanction of ₹8,368.50 crore central share assistance
Ceigall India JV Wins ₹918 Crore Metro Contract
Ceigall India JV received Letter of Acceptance for ₹918.04 crore Jaipur Metro Phase-II EPC contract from Jaipur Metro Rail Corporation.
The 34-month project involves constructing 10.8 km elevated viad
L&T Divests 100% Stake in Hyderabad Metro
L&T signed agreement on April 29 to divest entire stake in L&T Metro Rail (Hyderabad) to Government of Telangana's HMRL.
Divestment represents value-driven monetization of mature infrastructure asset
Welspun Enterprises Wins ₹7,300 Crore Pune-Shirur Highway
Welspun Enterprises received a Letter of Award for a ₹7,300 crore, 53.4 km partially elevated highway project in Maharashtra on DBFOT (Toll) mode.
The project has a 29-year sub-concession period, incl