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Showing posts with label Construction. Show all posts
Showing posts with label Construction. Show all posts
Wednesday, March 23, 2011
Wednesday, September 01, 2010
Tuesday, July 06, 2010
Saturday, January 09, 2010
Thursday, April 17, 2008
Thursday, September 13, 2007
Sunday, August 12, 2007
Monday, July 16, 2007
Thursday, June 14, 2007
Thursday, March 29, 2007
Thursday, March 08, 2007
Wednesday, February 28, 2007
Construction scrips tumble
A sell-off gripped construction shares after the budget for 2007/08 proposed withdrawing tax breaks on construction contracts.
Nagarjuna Construction plunged 20.8% to Rs 153.10, Gammon India plunged 20% to Rs 317.45, IVRCL Infrastructures dropped 15.8% to Rs 289.90 and Hindustan Construction dropped 15.8% to Rs 102.70.
The budget has proposed withdrawing the ten-year income tax breaks on infrastructure construction contracts available under section 80 IA, with retrospective effect from April 2000.
The withdrawal of the benefit will raise the tax liability of construction firms which in turn will impact their profit margins, analysts say. Further, their short-term cash-flow may also be affected due to tax payment for previous years as the tax benefit has been withdrawn from April 2000.
Among key positives for the infrastructure sector, the finance minister committed higher allocations to power generation capacity, rural electrification, irrigation projects and also to the National Highways Development Programme. He also allowed mutual funds to set up dedicated infrastructure funds.
Wednesday, January 10, 2007
Sunday, December 10, 2006
Saturday, December 09, 2006
Monday, November 13, 2006
Saturday, November 11, 2006
Wednesday, November 08, 2006
Sunday, November 05, 2006
Wednesday, November 01, 2006
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