India's infrastructure sector output grew 9.4 percent in January from a year earlier, higher than an upwardly revised annual growth of 6.4 percent in December, government data showed on Thursday.

Turkey's Celebi will invest $100 million this year in Indian airports, the ground-handling services company said in a statement on Monday.

Aditya Birla Group, the country's biggest cement producer, aims to spend about 70 billion rupees ($1.4 billion) over 3-4 years to expand its cement operations, the Economic Times reported on Thursday

India's largest engineering and construction conglomerate, Larsen & Toubro, lowered its full-year revenue guidance citing project delays and sent its shares down more than 6 percent.

Telecoms tower operator GTL Infrastructure is in talks with new operators to rent out towers and expects per tower tenancy to more than double in three years, its top official said on Friday.

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Shares of MBL Infrastructures gained as much as 21 percent after listing on the BSE on Monday at 190 rupees, at a premium of 5.55 percent over the issue price of 180 rupees.

Indian shipbuilders are heading for for another bleak year in 2010 amidst weak demand and prospects of order cancellations as the global economy struggles to emerge from a slowdown, analysts said.

Manufacturers who set up shop in India in the 1990s often joke they didn't just have to build factories back then, but also roads because it was faster than waiting for the state to build them.

Steel Authority of India may reject all bids at its bond sale which opens for bidding on Wednesday, as the indicative yields announced last week are below current market rates, merchant bankers said.

The government aims to sell shares of about 60 state-run firms in the coming years, with offers for NTPC and Rural Electrification Corp expected by end-March 2010, a senior official said on Friday.

A government panel has approved eight road projects worth 108.8 billion rupees ($2.34 billion), the finance ministry said in a statement on Thursday.

Leading Indian engineering and construction firm Larsen & Toubro Ltd will raise $65 million by selling one-third of its stake in Mahindra Satyam Ltd on Friday, a television channel said on Thursday.

Birla Corp Ltd has posted nearly a three times rise in its July-September net profit on higher cement sales and lower fuel prices.

The founding family of Oberoi hotel chain is in talks to sell a part of its stake to Analjit Singh, who controls healthcare services and insurance firm Max India, the chairman of the hotel group said.

In a move that is expected to shake up India's cement industry, the country's biggest cement maker Grasim Industries said it will hive off its cement business into a separate wholly-owned subsidiary, Samruddhi Cement, and later merge it with group firm Ultratech Cement.

India's cement industry, which was being battered due to economic slowdown over the past several months, is on the threshold of a recovery if the latest production and sales figures of cement companies are anything to go by, analysts said.

India Cements Ltd said on Tuesday it will invest 5 billion rupees to set up two thermal power plants in Tamil Nadu and Andhra Pradesh.

Bharati Shipyard has raised its open offer price for Great Offshore after it acquired an additional 3.01 percent stake in the latter, raising its shareholding to 22.48 percent, it said in a statement.