Page 24 - CO_April_2023

TICKER TAPE
CONSTRUCTION Patel Engineering Ltd, in the joint venture, has been declared L1 Mahindra Logistics and Ascendas-Firstspace are planning to set up
PATEL ENGINEERING WINS MAJOR CONTRACT FOR
MAHINDRA LOGISTICS, ASCENDAS-FIRSTSPACE TO SET
INDIA’S LARGEST HYDROPOWER PROJECT
UP 1 MLN SQ FT WAREHOUSE PARK IN PUNE’S TALEGAON
for a civil works package relating to NHPC’s 2,880-MW Dibang
a 1 million sq ft multi-client warehouse park in Pune’s Talegaon in
three phases. The first phase of 0.5 million sq ft will be operational
multipurpose project in Arunachal Pradesh. Patel Engineering and
its joint venture with an unnamed partner has been declared L1 for
by the end of 2023-24. At the Ascendas-Firstspace Pune Talegaon-
a `3,637.12-crore contract relating to the Dibhang project, said to
II Logistics Park, spread over 40-acres, this is the second project
be India’s largest hydropower project by current thinking.
Patel Engineering has a share of 50 per cent the joint venture. The
the Chakan Talegaon Industrial Corridor (CTIC), which is one of the
most important manufacturing clusters in India. The area has been
company’s share in the contract value is `1,818.56 crore, and the in the micro-market of Ascendas-Firstspace. Talegaon-II is part of
completion period is 86 months. a traditional manufacturing base for large auto, engineering, and
The contract relates to civil works for Lot-4 and covers head race electronics companies. The CTIC corridor is currently witnessing
tunnels including intake, pressure shafts, penstocks, powerhouse significant growth on account of the success of the Make in India
and transformer cavern, tail race tunnels, pothead yard, adits, etc. program. For Mahindra Logistics, this will be an important part
of MLL’s pan-India network of multiuser facilities, in a strategic
Shaping India’s Infrastructure: industrial cluster. In addition to A-grade warehousing capacity
According to Rupen Patel, Chairman & Managing Director, Patel of one million square feet, the facility will also host MLL’s first
Engineering, “We are extremely happy and thrilled to be a part of Automation Technology Centre that focuses on development and
this mega project which will help shape India’s infrastructure as well deployment of automation technologies on Artificial Intelligence,
as contribute to the local surroundings, the people there and the Internet of Things (IoT), Robotics & Automation, ARVR, AGVs and
state of Arunachal Pradesh. The Company is currently executing Block-Chain. Rampraveen Swaminathan, Managing Director
other projects as well in the same state and our experience will & CEO, Mahindra Logistics, said, “The Chakan region is one of
help give us an advantage in executing this project.” India’s leading industrial & consumption clusters. The region is
the largest area for Mahindra Logistics, and we are pleased to
CCEA Clearance: announce this investment in partnership with Ascendas-Firstpace.”
In late February this year, the Cabinet Committee on Economic “The one million SFT facility will allow us to further expand our range
Affairs (CCEA) accorded approval for incurring an expenditure of of Integrated solutions for key customers in the area, and provide
Rs.1,600 crore on pre-investment activities and various clearances world class, technology enabled solutions. The site will also host
for the Dibang multipurpose project in Arunachal Pradesh, being our first Automation Technology Centre and focus on DEIA talent
developed by NHPC Ltd. With an installed capacity of 2,880 development. Designed to be an IGBC/LEED certified facility per
MW, coming from 12 units of 240-MW each, the Dibang project our vision to carbon neutral by 2040.”
in Arunachal Pradesh is India’s largest hydropower scheme, by
current thinking. The total estimated project is `28,080 including DLF RECORD SALES OF OVER `8,000 CRORE IN JUST 3 DAYS
interest during construction (IDC) and financial charges of `3,975 DLF, logs pre-formal launch sales of Rs8,000+ crore for The Arbour,
crore at the June 2018 price level. a luxury high-rise residence located at DLF Sixty-three on Golf
The estimated completion period for the project shall be nine Course Extension in Sector 63, Gurugram. The Arbour, DLF’s entry
years from receipt of government sanction. into the micro market at Golf Course Extension, was completely
The project shall generate 11,223 million kWh (MU) of energy in a sold out within three days of its launch. The luxury neighbourhood
90 percent dependable year. The envisaged dam is 278m high spans 25 acres and features five iconic towers that rise up to 38/39
– the tallest in India. stories. It consists of 1137 identical 4 BHK + study + utility room
configurations that are well-appointed, spacious, and elegant,
ASHOKA BUILDCON WINS RDSS ORDERS IN BIHAR with prices starting at Rs7 crore per unit. Aakash Ohri, who is the
Ashoka Buildcon has reported the winning of two orders related Group Executive Director and Chief Business Officer at DLF Ltd.,
to the Revamped Distribution Sector Scheme (RDSS), aggregating expressed his gratitude for the overwhelming response received
over `600 crore, in Bihar. The two orders have been placed by by their latest luxury offering called ‘The Arbour’. He stated that
state-owned power distribution companies in Bihar, and have an even before the launch of the product, the interest shown by
aggregate value of `631.54 crore. In independent stock exchange homebuyers, both in India and abroad, has been exceptional. He
filings, Nashik-based Ashoka Buildcon said that the first order was believes that this is a testament to the DLF’s highly coveted lifestyle,
received from South Bihar Power Distribution Company Ltd (SBPDCL) which is aspired by many. Additionally, he noted that this product
for development of distribution infrastructure at electric supply could potentially become the new benchmark in the luxury real
circle PESU (East) and electric supply circle PESU (West) of Bihar estate sector. Mr. Ohri also highlighted that more than 95% of the
under RDSS. The order value is `264.87 crore. buyers of The Arbour are individuals who plan to use it for their own
The second order, placed by North Bihar Power Distribution residences. The residences at The Arbour are designed to be bold
Company Ltd relates to development of distribution infrastructure and opulent, with thoughtful touches such as spacious decks to
at Muzaffarpur electric supply circle (Muzaffarpur, Sitamarhi And maximize light and fresh air and ensure unobstructed views across
Sheohar Districts), also under RDSS, for a project value of Rs.366.67 the verdant greens. The Indian Green Building Council (IGBC) has
crore. pre-certified the Arbour with a platinum (highest) rating.

24 CONSTRUCTION OPPORTUNITIES|APRIL 2023