Page 36 - Construction_Opportunities_April_2024

TICKER TAPE
INFRASTRUCTURE The newly inaugurated Rajmata Vijayaraje Scindia Airport in elements. Regular brainstorming sessions and design workshops
GWALIOR AIRPORT ACCOMPLISHED CONSTRUCTION
EXCELLENCE WITH ECO-FRIENDLY ZINC INTEGRATION
facilitated open communication and idea-sharing, allowing the
team to overcome challenges and explore new possibilities.” Says
Ar. Gurpreet S. Shah, Creative Group LLP
Gwalior stands as a testament to visionary design and meticulous
planning. Under the esteemed leadership of Prof. Charanjit S. Shah
Dr. Rahul Sharma, Director (India) of the International Zinc
Association, emphasized the crucial role of infrastructure in
and Ar. Gurpreet S. Shah, from Creative Group LLP, this remarkable
driving a country’s growth and development. India is seeing
project, completed in a mere 16-month period. It stands as a
testament to the exceptional collaboration and determination of
efforts and notable projects. As per CECRI, India loses around
all parties involved.
Gwalior Airport redefines excellence through its breathtaking massive infrastructure expansion because of the government’s
3 to 4% of GDP annually on account of corrosion. Driven by the
architectural elements, featuring a sleek and modern terminal imperative of ensuring the longevity and protection of a nation’s
building alongside eco-friendly design features. Sustainable vital infrastructure, the International Zinc Association advocates
practices like solar panels, eco-friendly properties of Zinc, and for the adoption of durable and proven corrosion protection
rainwater harvesting systems reduce the carbon footprint, setting methods, such as structural galvanization in all their construction.”
a new standard for environmentally conscious architecture. Zinc’s Beyond its aesthetic appeal, zinc plays a pivotal role in advancing
high reflectivity minimizes heat absorption, reducing the need sustainable construction practices at Gwalior Airport. Its durability,
for extensive cooling systems and lowering energy consumption. corrosion resistance, and recyclability align with the airport’s
Additionally, the lightweight nature of zinc panels simplifies commitment to environmental stewardship and energy efficiency.
installation and reduces structural loads, further enhancing the The roofing of the airport, crafted using zinc panels, epitomizes the
airport’s sustainability profile. perfect blend of aesthetic appeal and practicality. These panels
“The success of the Gwalior Airport project stands as a testament not only provide weatherproofing and corrosion resistance but also
to the power of collaboration and innovation. Our commitment contribute to the airport’s energy efficiency. As travelers embark
to pushing the boundaries of creativity and sustainability led on journeys through Gwalior Airport, they are greeted not only
to the incorporation of zinc, a versatile metal with a rich history by world-class facilities and impeccable design but also by a
dating back to ancient civilizations, into the airport’s architectural commitment to sustainability and innovation.

NIIF INVESTS $200 MN IN IBUS TO PROPEL DIGITAL is geared up to participate and contribute to the Bharat story.
INFRASTRUCTURE EXPANSION IN INDIA We were looking for the right investment partner and with NIIF we
National Investment and Infrastructure Fund Limited (NIIF), and found partners who are completely aligned with our vision. iBUS
IBUS Network and Infrastructure Private Limited (iBUS), a leading can deliver at scale and we are here to transform connectivity in
digital infrastructure solutions company in India, are delighted the country at scale, speed, and the right value.”
to announce an investment of around $200 million in iBUS Vinod Giri, Managing Partner – Master Fund at NIIF, said, “Our
through NIIF’s Master Fund to support the growth of India’s investment in iBUS marks the eighth investment by our infrastructure
digital infrastructure. The funds raised will be deployed towards fund and the second in digital infrastructure, underscoring our
scaling iBUS’ operations through organic and inorganic growth belief in the transformative power of digital technology for India’s
initiatives. iBUS aims to strengthen its position as a leader in In- economy. We are excited to partner with iBUS, whose commitment
building solutions, outdoor small cells and managed WiFi services to innovating and expanding digital infrastructure aligns with our
while expanding its presence in new emerging sectors (such as objective of supporting India’s digital transformation.”
IoT solutions). Additionally, investments will be directed towards The digital landscape in India is evolving at an unprecedented
developing new infrastructure solutions to address evolving market pace, with the digital transformation unlocking immense potential
demands and technological advancements. This investment and promise for the nation. A robust backend infrastructure is
aligns with the Digital India Mission initiated by the Government required to support this digital transformation and about $35-
of India, aimed at transforming the country into a digitally $40 billion in capital expenditure is expected in the sector in the
empowered society and a global knowledge economy. next five years, creating a need for substantial investments in the
Following the completion of the transaction, NIIF will hold a space. With this investment, iBUS is poised to strengthen its market
significant majority stake in iBUS. Ram Sellaratnam, Group CEO position and drive innovation in the digital infrastructure space,
at iBUS said, “Bharat is one of the fastest growing economies in reaffirming its commitment to empowering communities through
the world and is poised for a digital revolution. Digital infrastructure connectivity. Avendus was the transaction advisor to iBus on this
is critical to our country’s growth and with a 60% YoY growth, iBus investment.

POWERGRID SUCCESSFULLY COMPLETES and subsequently received the Notification for Commercial
COMMISSIONING OF PROJECT IN TAMIL NADU Operation (DOCO) on April 10, 2024. This project’s completion
The Powergrid Corporation of India Ltd has achieved a significant marks a crucial step in enhancing the transmission infrastructure for
milestone with the commissioning of the project titled “Transmission efficient power evacuation from the Neyveli Lignite Corp. Ltd TS-1
System for evacuation of power from 2X500MW Neyveli Lignite plant. The commissioning of this transmission system underscores
Corp. Ltd TS-1 (Replacement) (NNTPS) in Neyveli, Tamil Nadu.” The Powergrid’s commitment to strengthening the power grid network
project officially commenced operations on February 10, 2024, across the country.

36 CONSTRUCTION OPPORTUNITIES|APRIL 2024