Babcock & Wilcox Enterprises (B&W) has closed the previously announced acquisition of a majority stake in Fosler Construction Company, an Illinois-based solar energy contractor. The financial terms of the deal were not revealed by the Ohio-based renewable, environmental, and thermal energy technologies and service provider. The deal was announced last month. Paul Fosler will continue […]
NBCC (India) Limited said that it has bagged an engineering, procurement, and construction (EPC) contract in the Maldives for a social housing project. The project involves the construction of 2,000 social housing units on the island of Hulhumale. The total cost of the social housing project in the Maldives is around INR 968.5 crores ($130 […]
Holcim Group, a Swiss building material company, has agreed to sell its Brazilian business to Companhia Siderúrgica Nacional (CSN) for $1.025 billion. The sale includes Holcim’s five integrated cement plants along with four grinding stations, 19 ready-mix concrete facilities, and six aggregates sites. The buyer — Companhia Siderúrgica Nacional is a fully integrated steel producer […]
Ahluwalia Contracts (India) Limited said that it has bagged a new contract worth around INR 890 crores for the construction of Animal Science University in Patna, Bihar. The contract was awarded by the Executive Engineer Construction Division -1, Building Construction Department, BCD-1, Patna (Bihar). Ahluwalia Contracts (India) said that its total order inflow during the […]
IRB Infrastructure Developers said that it has prevailed as a preferred bidder for a stretch of the Chittoor-Thachur Six Laning highway hybrid annuity project in Tamil Nadu (TN) at the cost outlay of INR 909 crores. The bidding was for the construction of six lanes of the 20km long Pondavakkam to Kannigaipair stretch on the […]
Crest Ventures Limited, a Mumbai-based non-banking finance company, said that it will acquire a stake of 5.12% in Vascon Engineers Limited for nearly INR 250 million ($3.36 million). Vascon Engineers, which is based in Pune is a construction engineering company. It is engaged in real estate development, which includes owning and operating projects with a […]
Adani Road Transport Ltd (ARTL) has signed a deal to acquire a 49% stake in Maharashtra Border Check Post Network Ltd., a subsidiary of Sadbhav Infrastructure Project Limited, at an enterprise value of INR 1,680 crores. Maharashtra Border Check Post Network has a portfolio of 24 border check posts. Until at least 2033, the company […]
Etalon Group, a Russian development and construction company, has acquired a stake of 35% in QB Technology, a UK-based modular construction company, for an undisclosed price. As per the terms of the deal, Etalon Group holds an option to further increase its stake. QB Technology offers a variety of services for the design, installation, and […]
Duratec Limited said that its joint venture (JV) with Ertech Group has bagged an AUD 53 million ($39 million) design and construction wharf project contract from an Australian government agency. While Duratec is an Australian engineering, construction, and remediation contractor, Ertech is a civil construction business, which is also based in Australia. Duratec said that […]
Rail Vikas Nigam Limited (RVNL) said that it has bagged three orders with a combined worth INR 28.9 crores from National Highways & Infrastructure Development Corporation Limited (NHIDCL). The first order is worth INR 8.3 crores for providing consultancy services for preparing detailed project report for two laning with hard shoulder in Nagaland. The second […]