Page 62 - CO_July_2022

INTERNATIONAL TICKER TAPE Crore) from DL E&C CO., LTD., Korea, towards a Water treatment

package for the EuroChem Methanol Production facility in
Kingisepp, Russia.
WABAG’s scope includes Design, Engineering and Supply,
Installation, Pre-Commissioning, Commissioning and start-up of
the plant and is scheduled to be completed over a 15 month
period. The project will employ softening, Ultrafiltration and Reverse
Osmosis technologies to treat brine water which will be reused as
process water in the facility. This order includes adequate payment
securities which de-risks us from the geo political uncertainties.

Welspun Corp wins `5000 crore plus order in US
Welspun Corp Ltd has announced winning the single largest order
Man Infra incorporates JV Parvat Ponce to execute luxury in its history for supply of pipes valued at `5000 + crore (approx)
condominium project at Miami in the United States.
Man Infraconstruction Limited informed that Parvat Ponce, LLC has This order is for supply of 325,000 MT (approx) of large diameter
been incorporated in the State of Delaware, USA as a JV Entity of coated pipes for transporting natural gas from the Permian Basin
MICL Global, INC (a wholly-owned subsidiary of the Company). to Houston. The pipes for this order will be produced from our Little
The above entity has been incorporated for carrying out the Rock plant in the US and the same will be executed over a period
business of Real Estate Development and other lawful activities. of 12 months, commencing H2 of FY 23.
The cost of acquisition is US $5 million, to be made in due course. This large new order from the US comes on the back of another
MICL Global, INC holds a 50% interest in Parvat Ponce, LLC. Further, win we had announced in April 2022, of a 26,000 MT order from
the company stated that Parvat Ponce, LLC has executed LLC a long-standing customer in North America, as well as another
Agreement of 1505 Ponce Partners LLC in connection with the large order from Australia.
development of a luxury condominium project located in Miami,
Florida, USA. 1505 Ponce Partners LLC is a JV entity of Parvat Ponce SJVN inks MoU of 490MW Arun-4 Hydro Power Project worth `4900
LLC. The company has paid a consideration of US $10 million, in crore in Nepal
lieu of 45% interest in 1505 Ponce Partners LLC.

Ramkrishna Forgings wins export order worth `115 crore from
Europe
Ramkrishna Forgings Limited, one of the leading suppliers of
rolled, forged, and machined products have received an export
order worth `115 crore from a European Tier 1 supplier for a new
differential housing case business. The order is to be completed
over a period of 4 years.

Rail Vikas Nigam signs MoU with Kyrgyz industry for Infrastructure
project SJVN Ltd has informed that a MoU for development of 490 MW
Rail Vikas Nigam Limited informed investors of signing an Arun-4 project in Nepal has been signed in Lumbini, Nepal on
agreement with Kyrgyzindustry regarding the execution of Monday in the august presence of the Honourable Pime Minister
infrastructure projects in Kyrgyz Republic particularly of Railway of India, Narendra Modi and Honourable Prime Minister of Nepal
Line Network. Sher Bahadur Deuba.
The company has stated, “In pursuance to the MOU between Rail The Project will be developed in JV mode by the Company and
Vikas Nigam Limited (RVNL) and Economic Policy Research Institute Nepal Electricity Authority (NEA) with the company having majority
of Kyrgyz Republic (EPRI) which has, later on, been transformed to share and is expected to generate around 2100 Million Units of
“Kyrgyzindustry” by a Decree of Cabinet of Ministers of the KYRGYZ energy per annum. The expected cost of this project situated in
Republic dated 24th December 2021. Rail Vikas Nigam Limited Sankhuwasabha District Province – 1 of Nepal is `4900 crore.
(RVNL) has entered into an Agreement with “Kyrgyzindustry” for the This is the 3rd project of the Company on Arun River basin. Two
execution of infrastructure projects in Kyrgyz Republic particularly other projects, i.e., 900 MW Arun-3 and 669 MW Lower Arun are
Railway Line Network on mutual agreed terms and conditions. already being developed by the Company. With signing of this
MoU, the Company will have portfolio of three projects in Nepal
WABAG secures an 18 Million Euros EP order in Kingisepp, Russia having total capacity of 2059 MW. These projects will assist
from South Korea Based DL E&C LTD the Company in achieving its ambitious shared vision of 5000
VA TECH WABAG (‘WABAG’), a leading pure-play water technology MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and
Indian Multinational Group, secured an Engineering and simultaneously contribute towards RE capacity addition target of
Procurement (‘EP’) order worth about 18 Million Euros (about `149 500 GW by 2030 set by Government of India.

62 CONSTRUCTION OPPORTUNITIES|JULY 2022