Construction

India’s construction equipment sector is poised for a return to double-digit growth in FY26, bolstered by accelerating infrastructure development, improving project execution, and robust export performance. After a modest 3% expansion in FY25, the Indian Construction Equipment Manufacturers' Association (ICEMA) projects at least 10% growth for the current fiscal year, projecting the industry’s value to exceed USD 11 billion (approximately Rs. 91,000 crore).

In a strategic move aimed at bolstering operational scale and rejuvenating a distressed asset, Ceigall India has announced the merger of its wholly-owned subsidiary, Ceigall Infra Projects, with the publicly listed C&C Construction. The transaction, pending approval from the National Company Law Tribunal (NCLT), is structured to grant Ceigall India a controlling stake of up to 95% in the merged entity. Post-merger, the company plans to dilute this holding to 75% to comply with Securities and Exchange Board of India (SEBI) norms.

Commerce and Industry Minister Piyush Goyal has urged the Indian construction industry to reduce its reliance on imports and prioritize clean, green, and earthquake-resistant construction practices. Speaking at the inauguration of Vibrant Buildcon 2025, Goyal emphasized the critical role of various sectors—such as housing, infrastructure, and commercial real estate—in driving India's economic growth.

State-owned National Buildings Construction Corporation (NBCC) has made significant strides in residential unit sales through e-auction, generating a combined Rs 2,657 crore from two projects in Greater Noida. The company sold 560 units at Aspire Leisure Park for Rs 1,153 crore and 1,185 units at Aspire Dream Valley for Rs 1,504 crore. This sale not only highlights NBCC’s ability to revitalize stalled housing projects but also serves as a crucial step in repaying outstanding loans and advancing other ongoing initiatives.

In a significant financial move, state-owned National Buildings Construction Corporation (NBCC) Ltd has successfully sold 1,185 residential units in Greater Noida through an e-auction, generating a total revenue of Rs 1,504.69 crore. This strategic auction not only reflects the company's robust market position but also addresses pressing financial obligations. The funds from this sale will be instrumental in completing stalled projects, particularly the long-delayed Amrapali housing developments.