Monday, September 25, 2017

Table of Contents for Ticker Tape





TICKER TAPE: CONSTRUCTION

GOLDEN TEMPLE PLAZA CONSTRUCTION   

Authorities in Amritsar have indicated that the construction of the Golden Temple Plaza will be completed soon. The project   implemented by the Punjab Heritage & Tourism Promotion Board involves development of the Golden Temple entrance plaza at a cost of Rs.78 crore.  It is reported the entrance plaza which will occupy an area of 9,410 sq mtr will include facilities like an interpretation and information centre for tourists, VIP lounge, bank, ATM, airlines and railway inquiry, a multi-purpose hall, security and services area. There will also be an auditorium having a seating capacity of 100-150 persons.

 

SAIL GETS EXPANSION BOOST

As part of the ongoing expansion programme State steel major SAIL has commissioned two facilities in its flagship Bhilai plant. It is reported a sinter machine and a coke oven battery have been added with an investment of about Rs.2,000 crore. This is part of the Rs.17,265 crore capex being deployed at the plant for raising its hot metal capacity to 7.5 million tons per annum. While the 7-meter tall coke oven battery will enhance the plant's coke making capacity by 0.88 mtpa, the new 360 sq. mt. sinter machine installed at a cost of Rs.730 crore will produce 3.708 m sinter per annum.

 

HCC BAGS Rs.393 CR ROAD CONTRACT

 Construction major HCC has been awarded a Rs.393.08 crore project by the Ministry of Road Transport & Highways. The engineering procurement and construction contract is for reconstruction of the 65.87 km section of NH-233, on the Indo-Nepal border.  The section is from Rudhauli village in Uttar Pradesh up to the Indo-Nepal border, which further connects to Lumbini, the birth place of Lord Buddha, in Nepal. The project is part of the national highway development program Phase-IV. The scope of work includes rehabilitation, upgradation and augmentation of the existing carriageway to two-lane, with paved shoulders, construction of pavements, construction and rehabilitation of major and minor bridges, culverts, road intersections, interchanges, drains.

 

L&T BAGS EXPRESSWAY CONTRACT 

The transportation infrastructure business of L&T Construction has won an EPC order worth Rs.1630 crores from the Uttar Pradesh Expressways Industrial Development Authority. The greenfield order is for the construction of a six-lane access controlled expressway from village Neval in Unnao district  to Lucknow. L&T’s scope includes design, engineering and construction of the 63 km-long expressway, including the construction of service roads. The contract also includes major structures like 18 VUPs (Vehicular Under Passes), 4 major bridges, 10 minor bridges, 26 pedestrian underpasses, one trumpet interchange and associated works. The project is scheduled to be completed within 36 months. This project is likely to spur economic development along the route with trade, agricultural and economic corridors proposed at different places. In addition it will reduce travel time between Lucknow and the National Capital Region (NCR) via the functional Agra-Greater Noida Yamuna Expressway.

 

NEW CEMENT FROM AMBUJA

Ambuja Cement has launched a premium quality cement product, Ambuja Plus in the state of Maharashtra. This innovative product targeted at small consumers or individual house builders is created with an advanced formula, offering additional strength than ordinary cement.  Ambuja plus is special quality PPC Cement with advanced spe technology that makes concrete stronger and easier to work with. It is packed in a special tamperproof bag which keeps moisture out and thus retains the freshness of cement for a longer time. Ambuja Cement has been a household name in Maharashtra where it first set up its integrated plant in 2002. Today, Ambuja produces 3.6 million tons from its plant, Maratha Cement Works at Chandrapur and a bulk commercial terminal at Panvel.
 

PRATT & WHITNEY CENTRE FOR HYDERABAD

Aerospace engine manufacturer Pratt & Whitney has announced plans to construct its first customer training centre in the country at Hyderabad. The facility is expected to come up on a 2 acre plot near the international airport at Shamshabad by mid 2015. It is reported after training centres in USA and China, Hyderabad is the company’s third facility that will exclusively train aircraft engineers and technicians. Training would be provided on V2500 and PW1100G-JM Engines with scope for adding newer models. 

 

BIDS INVITED FOR WATER TREATMENT PLANT

Authorities in Jharkhand have called bids for the construction of a 3.25 MLD capacity conventional water treatment plant. The scope of work for the water treatment plant to come up at Keshwari RPWSS, under Giridih division, as per the state’s Water Resources Department, is   detailed survey, design and drawing, construction of the water treatment plant, intake well with pump house, RCC gangway, elevated service reservoir - two nos, supplying and laying raw and clear water rising main and distribution network, boundary wall, staff quarters, supplying and installation of vertical turbine pump and centrifugal pump, power transformer, house connection with allied work etc. It is reported that the work expected to cost Rs.11.44 crore which will be completed within 24 months.

 

ASSETZ PROJECT FOR BENGALURU

Singapore based Assetz Property Group has announced the launch of a residential project in Bengaluru. Slated to come up on the Whitefield Hoskote Main Road, the mixed development project offers vibrant living along with retail, entertainment and service zones. It is reported Assetz Marg, spread over 28 acres  comprises 2000 units with a combination of two bedroom (1245-1286 sq feet), three bedroom (1457-1639 sq feet) apartments, duplex (2267 sq feet) and pent house (3109 sq feet). The project will be completed in three phases, with each phase consisting of six to seven towers with plenty of open and green spaces.

 

ANOTHER AFFORDABLE FROM MAHINDRA  

Mahindra Lifespace Developers Ltd (MLDL), the real estate and infrastructure development arm of the $16.5 billion Mahindra Group, has launched the second of its Happinest project in Boisar located in Mumbai suburban region. Spread over 14 acres, Happinest Boisar will offer 1 RK, 1 BHK, and 2 BHK apartments in the range of 351 sq. ft. to 695 sq. ft. It is not only home to Maharashtra’s largest MIDC (Maharashtra Industrial Development Corporation) but also offers seamless connectivity to Mumbai and Gujarat by local and outstation trains. The proposed DMIC (Delhi Mumbai Industrial Corridor) will also be in the vicinity. The project is also well situated with the railway station, bus stands, hospitals, schools and colleges in close proximity.

 

NEW TATA TOWNSHIP NEAR AHMEDABAD

Tata Housing, the property development arm of the Tata Group, is in discussions with an Ahmedabad based firm for setting up a luxury mixed development township project. It is reported the Tatas are planning to invest in a 3 million sq ft property owned by the Venus Group of Companies near Nehrunagar and are discussing engagement in multiple premium housing projects. If the talks prove to be fruitful this will be Tata Housing’s second project in Ahmedabad after its tie-up with Arvind Ltd for an  affordable housing project three years ago.
 

GODREJ PROJECT AT BADLAPUR

Mumbai based real estate developer Godrej Properties has entered into a Development Management Agreement to develop a property situated in Badlapur, Mumbai Metropolitan Region (MMR). The project will offer approximately 1.3 million sq ft of saleable area. It will be developed as an affordable housing project.  Pirojsha Godrej, Managing Director & CEO, Godrej Properties, said, “We are happy to add this new project in Badlapur, which strengthens our development portfolio in Mumbai. We will seek to ensure that this project delivers an outstanding lifestyle for all its residents.”

 

CEMENT FIRMS SUPPORT ROAD PROJECTS

Representatives of 17 major cement manufacturing companies have assured the government that they will put lower bids to encourage development of road projects. They have promised road transport minister, Nitin Gadkari to quote the lowest ex-factory price to road developers. This follows the proposal of long-term contracts with cement majors across the country to purchase the construction material at a lower cost and shift to concrete roads, which are seen to be more durable. As per the report a ministry official said, though upfront investment in case of cement concrete roads is 15-20 per cent higher than bitumen roads, if the price of cement bags can be brought down it would be a better proposition

 

SABARIMALA ROPEWAY GETS CLEARANCE

Authorities in Kerala’s Sabarimala shrine which attracts millions of visitors every year have given approval for the construction of a ropeway. It is reported the ropeway project, to be implemented on BOT basis, will link Pampa with Sabrimala and will be used to transport food and for emergency evacuation. Companies shortlisted by the Sabarimala High-Powered Committee will be required to invest Rs.15 crore and implement this project in two years. Another Rs.16 crore scheme involving electricity connectivity with insulated cable network, between Chalakayam, Pampa, the trekking path and the main temple complex has also been approved.

 

BRIGADE TO PUT Rs.500 CR IN GIFT

Bengaluru based real estate major, Brigade Group has outlined plans to invest up to Rs.500 crore in the Gujarat International Finance Tec City (GIFT) project over the next few years. The company has already been allotted 1.1 million sq ft of built up space for development of residential, commercial, retail and hospitality projects in the special economic zone. It is reported that the group has also offered to take up for development of an additional 1.7 million sq ft of built up area at an investment of Rs.600 crore.

 

GMDC ACQUIRES LAND FOR ALUMINA PLANT

Gujarat Mineral Development Corporation has activated plans to set up an alumina plant and aluminium smelter plant by acquiring 100 ha of land in Kutch for the first phase of the project. The project for which 400 ha of land is required will be set up in a joint venture with the aluminium PSU. It is reported, the investment will be about Rs.5,400 crore for the first phase while the entire project, including the aluminium smelter point will cost up to Rs.12,000 crore. The capacity of the alumina plant and aluminium smelter plant will be one million ton alumina and 0.5 million tonne aluminium smelter, respectively.

 

CAPACITY BOOST FOR TN CEMENT PLANT

Tamilnadu Newsprint & Papers is planning the expansion of its cement manufacturing unit located at Kagithapuram in Karur District. It is seeking to raise the plant’s capacity from 600 TPD to 900 TPD at an estimated cost of Rs.300 million. The cement plant will use mill wastage materials viz., lime sludge and fly ash. The project is planned to be complet by the end of next year.

 




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