Ivrcl

The CBI on Wednesday carried out searches at the premises of infrastructure firm IVRCL, its Managing Director E Sudhir Reddy and Joint Managing Director R Balarami Reddy who have been charged by the agency for an alleged fraud worth over Rs 4,800 crore against a consortium of banks, officials said.

The Hyderabad-based construction company had posted a net loss of Rs 306.54 crore in the year-ago period.

Stocks of infrastructure firm IVRCL jumped over 9 per cent in the morning trade on Tuesday after the company said it has allotted 6.46 lakh shares to Bank of Nova Scotia as part of a Strategic Debt Restructuring (SDR).

Another senior official of the Hyderabad-based construction company IVRCL, responsible for construction of the Vivekananda flyover which partially collapsed on March 31, was arrested today.

A senior official of IVRCL, the company which was building the Kolkata flyover that collapsed last week, was arrested by the police this morning.

BJP on Tuesday sought to corner West Bengal Chief Minister Mamata Banerjee over the flyover collapse in Kolkata, claiming that Railway Ministry under her stewardship had awarded a contract in 2011 to the same firm which is facing a probe in connection with the incident.

Another senior officer of the Hyderabad-based construction company IVRCL is under scanner of the Kolkata Police investigating the collapse of Vivekananda flyover last week killing 26 people and injuring around 89.

The police today arrested four more people in connection with the Kolkata's flyover collapse case that claimed 26 lives, taking the total number of arrests to eight.

BJP on Saturday hit out at Mamata Banerjee alleging that she allowed Hyderabad-based IVRCL to continue with the construction of Vivekananda flyover, which partially collapsed two day ago claiming 26 lives, despite knowing that the company was "blacklisted".

The number of deaths in the Kolkata flyover collapse rose to 26 after one more body was recovered from underneath the piles of debris of concrete and iron girdles of the broken portion of the under-construction bridge. More than 80 people were injured.

The company - IVRCL Group - in charge of building the flyover in Kolkata which collapsed on Thursday causing the deaths of 24 people - has claimed the disaster was an "Act of God".

A day after an under-construction flyover collapsed in central Kolkata, killing 25 people, the city police's crime branch has arrested three employees of Hyderabad-based company IVRCL, which was building the flyover.

The IVRCL Group -- the company in charge of building the flyover in Kolkata which collapsed yesterday causing the deaths of 24 people - had been under a consortium of banks for the last four months.

Hyderabad-based IVRCL, which was contracted to build the flyover, called its collapse an "act of God". Its office has been sealed and a case has been registered against the company.

Three employees of IVRCL, the company building the flyover in Kolkata that collapsed on Thursday, were arrested in the city late Friday evening. The state government suspended two senior engineers of the Kolkata Metropolitan Development Authority which was IVRCL's joint venture partner in the project. 25 people died in the flyover collapse. More th...

The CBI on Wednesday carried out searches at the premises of infrastructure firm IVRCL, its Managing Director E Sudhir Reddy and Joint Managing Director R Balarami Reddy who have been charged by the agency for an alleged fraud worth over Rs 4,800 crore against a consortium of banks, officials said.

The Hyderabad-based construction company had posted a net loss of Rs 306.54 crore in the year-ago period.

Stocks of infrastructure firm IVRCL jumped over 9 per cent in the morning trade on Tuesday after the company said it has allotted 6.46 lakh shares to Bank of Nova Scotia as part of a Strategic Debt Restructuring (SDR).

Another senior official of the Hyderabad-based construction company IVRCL, responsible for construction of the Vivekananda flyover which partially collapsed on March 31, was arrested today.

A senior official of IVRCL, the company which was building the Kolkata flyover that collapsed last week, was arrested by the police this morning.

BJP on Tuesday sought to corner West Bengal Chief Minister Mamata Banerjee over the flyover collapse in Kolkata, claiming that Railway Ministry under her stewardship had awarded a contract in 2011 to the same firm which is facing a probe in connection with the incident.

Another senior officer of the Hyderabad-based construction company IVRCL is under scanner of the Kolkata Police investigating the collapse of Vivekananda flyover last week killing 26 people and injuring around 89.

The police today arrested four more people in connection with the Kolkata's flyover collapse case that claimed 26 lives, taking the total number of arrests to eight.

BJP on Saturday hit out at Mamata Banerjee alleging that she allowed Hyderabad-based IVRCL to continue with the construction of Vivekananda flyover, which partially collapsed two day ago claiming 26 lives, despite knowing that the company was "blacklisted".

The number of deaths in the Kolkata flyover collapse rose to 26 after one more body was recovered from underneath the piles of debris of concrete and iron girdles of the broken portion of the under-construction bridge. More than 80 people were injured.

The company - IVRCL Group - in charge of building the flyover in Kolkata which collapsed on Thursday causing the deaths of 24 people - has claimed the disaster was an "Act of God".

A day after an under-construction flyover collapsed in central Kolkata, killing 25 people, the city police's crime branch has arrested three employees of Hyderabad-based company IVRCL, which was building the flyover.

The IVRCL Group -- the company in charge of building the flyover in Kolkata which collapsed yesterday causing the deaths of 24 people - had been under a consortium of banks for the last four months.

Hyderabad-based IVRCL, which was contracted to build the flyover, called its collapse an "act of God". Its office has been sealed and a case has been registered against the company.

Three employees of IVRCL, the company building the flyover in Kolkata that collapsed on Thursday, were arrested in the city late Friday evening. The state government suspended two senior engineers of the Kolkata Metropolitan Development Authority which was IVRCL's joint venture partner in the project. 25 people died in the flyover collapse. More th...