The Indian construction sector will remain stable in the next financial year, with a increase in revenue and improvement in earnings, according to ratings agency, India Ratings & Research (Ind-Ra).

Udaipur Cement, formerly known as JK Udaipur Udyog Ltd, has started production at its integrated plant in Udaipur, following a renovation, revival and rehabilitation scheme, as per the company.

PNC Infratech has said that it has emerged as the lowest bidder for NHAI's two highway projects worth Rs 2,720 crore in Uttar Pradesh and Madhya Pradesh. The company has been declared the lowest bidder for the "two hybrid annuity highway projects of NHAI for an aggregate bid project cost of Rs 2,720 crore," PNC Infratech said in a filing to the BSE.

The domestic cement industry has a long way to go to improve the country's low per capita consumption, a senior official has said. Joint Secretary in the Department of Industrial Policy and Promotion (DIPP) Ravneet Kaur also said that the government would “support the cement industry to facilitate usage of alternate fuels and raw materials (AFR). “(The) Indian cement industry, currently producing 7 per cent of the global cement requirement, has a long way to go to improve (as) the country’s per capita consumption (is) at a dismal low,” an official statement quoted Kaur as saying.

ACC Cement has announced a capital expenditure plan of Rs 6 billion for the coming financial year, according to CEO and Managing Director, Neeraj Akhoury. He was speaking at the company’s Annual General Meeting. Akhoury said that the outlay will be “used for various projects.”

Construction equipment manufacturer Puzzolana Group has entered into a pact with Tata International. Prakash Pai, Managing Director, Puzzolana Group and Len J Brand, Executive Director & Head, Distribution Vertical, Tata International, announced the tie-up and signed the MoU in this regard, according to a company statement.

Emami Cement has commissioned a cement grinding unit in district Burdwan, West Bengal. The 2 million tonnes/year (t/y) grinding plant cost Rs 5 billion and was commissioned in 13 months, the company said. The plant forms part of a project by Emami to expand its cement operations, including a 5.5 million t/y integrated cement plant in Chhattisgarh and another 1.8 million t/y grinding unit in Odisha.

Japanese lending arm JICA will provide Rs 400 crore loan to India for computerized traffic control on the under-construction Delhi eastern peripheral highway linking Haryana.

The Centre has initiated the process for strategic disinvestment of non-operating units of Cement Corporation of India (CCI).