Monday, September 25, 2017

Table of Contents for Ticker Tape





Ticker Tape Construction

20 INDUSTRIAL TOWNSHIPS FOR T’GANA

The government of Telangana has announced plans to set up 20 mini industrial townships in the state in line with the new industrial policy which it plans to unveil soon. It is reported self-contained townships will be constructed via the public-private partnership route in close proximity to each industrial park. As per the plan there will be two mini townships in the 10 districts of the state with their size determined by the size of the industrial parks.

 

ORIENT TO TRIPLE CEMENT CAPACITY

CK Birla group company Orient Cement is in talks for the acquisition of a cement plant with a capacity of up to 2 million tonnes per annum. This is part of its strategy to triple its production capacity by 2020 from the current 5 mtpa to 15 mtpa. It is reported the company is looking for assets in states like Madhya Pradesh or Chattisgarh.  The plan also includes setting up of greenfield facilities and expanding the existing ones.

 

ASK PUTS RS 55 CR IN PARANJAPE PROJECT ASK

Property Investment Advisors (ASKPIA), the real-estate private equity arm of ASK Group, has announced an investment in a new township project of Paranjape Schemes (Construction) Ltd The project is spread over 150 acres of a land parcel at Bhugaon near Pune and will include apartments, villas, homes for the elderly, a school, mini markets etc. The company will invest `55 crore in the project. ASKPIA had earlier invested `40 cr in Paranjape Schemes’s Model Colony project ‘Skyone’ in 2012. This is the eighth investment from the firm’s `1000 crore real estate fund and its second investment with the Pune based developer

 

MAHINDRA LAUNCHES CHENNAI AFFORDABLE

Mahindra Lifespace Developers Ltd. (MLDL) has launched its first affordable housing project in Chennai. The project called Happinest will come in the city’s Avadi areas and will contain 1 and 2 BHK apartments at a starting price of `9.90 lakh. The Avadi affordable housing project is targeted at families with a combined monthly income of `20,000 to `40,000, it is reported. The project spread over an area of 13 acres will have flats ranging from 396 sq ft to 677 sq ft and will house more than 1200 families. The low maintenance green building project, besides having facilities like power backup for common areas and elevators, will also house commercial establishments and a auto bay for easy commuting.
 

 

CARNIVAL FOR `700 CR EXPANSION

The Carnival Group which a major player in the entertainment space intends to expand its multiplex network through acquisitions over the next few years. The company which operates 125 screens across the country has plans to invest up to `700 crore in the coming year and is looking to add 175 multiplex screens.  Carnival which acquired HDIL’s multiplex chain Broadway Cinemas for `110 crore in July this year is now in talks with two private equity firms to fund the proposed expansion.

 

 

SECOND JAIPUR HILTON BY 2015

Global hotel major Hilton Worldwide is all set to open another hotel in Pink City, Jaipur under its mid-market brand Garden Inn. The hotel chain has already signed an agreement with the promoters of Goverdhandham Estate Pvt. Ltd in this regard. Hilton Garden Inn located close to the Amer Fort will be a greenfield project with 125 rooms. The new property is expected to become operational by the end of 2015. It is reported while the chain operates four brands globally, in India it has 13 properties under upscale-full service and mid-market focused service.

 

 

TRUMP TOWER FOR MUMBAI

The Trump Organsation looks set to debut in Mumbai with the launch of its first Trump Tower in collaboration with real estate developer Lodha Group. It is reported Lodha is constructing Trump Tower Mumbai at The Park project in Worli as part of a 17.5 acre development under a brand licence agreement from Trump. The tower project will house 300 apartments in two wings priced between `9 crore and `18 crore. The feedback is that close to 100 apartments were sold even before the official launch. The cost of the project to be completed in the next four years is being pegged at `2,300 crore.

 

 

JSW TO ACQUIRE WELSPUN ASSETS

JSW Steel has agreed to acquire Welspun Maxsteel Ltd for `1000 crore in a bid to expand its capacity to produce the alloy from 14.3 mtpa to 40 mtpa in the next decade. The Welspun facility is in close proximity to the JSW’s Dolvi unit. It is reported WMSL has an installed capacity of 900000 tonnes per annum at its gas based plant along with a captive jetty and rail siding.

 

 

PHARANDE LAUNCHES PUNEVILLE

Pharande Spaces have launched a luxury township called Puneville. The project has been designed by Aedas, the globally acclaimed, award-winning architects of ultra-luxury hotels in Las Vegas and Macau, Shanghai's dazzling Financial Centre and Singapore's world-renowned Marina Bay Sands. This is Pune's first and fully integrated and self-sufficient luxury township featuring the innovative style of project design known as Futuristic Architecture. Puneville features a state-of-the-art hospital, first-class international school and high-end commercial office complexes for corporate occupiers. Also included in the array of luxury offerings are an Olympic-size lagoon shape swimming pool, a clubhouse with the latest features and equipment, a fine dining restaurant, landscaped gardens, a tennis court, verdant lawns, a jogger’s track, a fully-facilitated play area for children and water bodies. The township has been given a 4-Star pre-certification from GRIHA.

 

 

AMAZON TO SET UP HYDERABAD CENTRE

Global e-commerce major Amazon has outlined its ambitions to construct a 1.6 million centre at Hyderabad which will be its biggest facility outside of its headquarters in America.  Work on the centre to come up on 10 acre plot of land at Gachibowli is expected to be completed by 2018. It is reported the project will be undertaken in phases. The American company is now in the process of applying for various statutory clearances prior to the commencement of the project.

 

 

SAGAR CEMENTS EYEING BMM ISPAT

Hyderabad cement manufacturer Sagar Cements is in talks to buy the Bengaluru based BMM Cements. This is part of the company’s plans to consolidate is hold in the 130 million tonne South Indian cement market. It is reported the company is looking to invest the money it made from a joint venture with French manufacturer Vicat.

 

 

JINDAL LAUNCHES REBARS UNIT

Jindal Steel and Power Limited (JSPL) has launched a new facility for ready-to-use cut and  bend rebars at its new stockyard in Sikri village, Ballabgarh, Faridabad The rebars are part of the company’s QuickBuild solutions for customised construction project needs. The rebars are made with high quality Jindal Panther TMT rebars and are manufactured using cutting edge Italian technology. The technique helps in decreasing the production cost due to lower inventories, reduces wastage and saves labor cost. It also eliminates storage concerns and pace of construction is expedited.

 

 

FIRMS GEAR UP TO CONSTRUCT TOILETS

India’s largest software services firm, Tata Consultancy Services (TCS) has pledged `100 crore each to finance construction of toilet facilities for girl students across 10,000 schools in the country. Likewise the Bharti Foundation has said it will invest up to `100 crore in constructing toilets in Ludhiana, Punjab over the next three years. Public sector Indian Overseas Bank too has decided that to build toilets in the 59 regions that it operates. This follows Prime Minister Narendra Modi’s Independence Day speech to the nation where he urged corporates to take up the task of providing toilets for women. 

 

 

PRAJAPATI SEES OPPORTUNITY AT DRONAGIRI

Prajapati Group a leading developer from Navi Mumbai has launched two housing projects – Prajapati Magnum and Prajapati Vihar at the upcoming Dronagiri node. Both the projects have received all the necessary clearance and are equipped with all the basic and luxury amenities. The ISO 9001 – 2008 certified company has given possession to around 1500 residential flats/ shops and offices till date totaling to more than one million sq ft. It has also expanded its operations by constructing residential township in Hyderabad. The group has also diversified into the IT sector by providing ERP solutions through its IT firm Fauna Technologies. Dronagiri is all set to get a big boost with the announcement of mega infrastructure projects like the SEZ at JNPT, the proposed International Airport and Mumbai Trans Harbour Line.

 

 

DMRC FLOATS TENDERS FOR BG TRAINS

Delhi Metro Rail Corporation authorities have issued a tender notice for a contract to supply 124 1676 mm-gauge metro cars for metro lines 1,2, and 3, which are being extended as part of the Phase 3 expansion of the network.  The new trains are required to be compatible with the existing fleet of Bombardier RS2 stock used on the city's broad-gauge lines. It is reported the contract is estimated at $171.5 million. The deadline for submission of offers is October 14.

 

 

GREEN CLEARANCE FOR PROJECTS SPEEDED

The Centre has speeded up the process of granting environment clearances to projects in a bid to reboot the investment flow into the country. As per the data from the Ministry of Environment and Forests 30 projects have so far been given clearance since the new regime took charge on May 26. Among those cleared are projects such as coal mining at Chhatrasal for Sasan Power, Mahanadi for Coal India and the Adani Ports and Special Economic Zone at Mundra. Clearances have also been given for oil and gas projects by the Ministry of Defence.

 

 

CONSTRUCTION TO GET NATIONAL BOOST

India’s construction sector is predicted to grow at 7-8 per cent each year over the next decade thanks to removal of barriers to foreign investment spurring a demand for development activity over the next three years a recent PWC report has said.

The private housing sector and investment in industrial projects by the government would be a major area of focus and growth. It is reported the total construction market in India for fiscal year ending March 2014 was $157 billion, a jump of $4 billion over FY2013. While infrastructure accounts for 49 per cent, housing and real estate occupies 42 per cent, industrial projects account for 9 per cent, the report indicated.




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