24 October 2019

Table of Contents for Ticker Tapes





Infrastructure

DILIP BUILDCON BAGS ORDERS WORTH Rs.4472 CRORE

Dilip Buildcon has bagged five major projects in the roads sector, all of which add to Rs.4472 crore. The EPC major has bagged three road projects in a single stretch worth Rs.3,269 crore in Maharashtra. The first project is for four-laning of Mahagaon to Yavatmal section of NH-361 from km 320.580 to km 400.575 at a project cost of Rs.1,160.64 crore. The second project is for four-laning of Yavatmal to Wardha section of NH-361 from Km 400.575 to Km 465.500 at a project cost of Rs.1,043.28 crore. The third is for four-laning of Wardha-Butibori Section of NH-361 from km 465.500 to km 524.690 at a project cost of Rs.1,065.51 crore. It has also been awarded another two EPC road projects in Maharashtra, comprising a Rs.343.72-crore project for rehabilitation and upgradation of two lanes with paved shoulders in the EPC mode from Kalamb to Wadki. The second order, worth Rs.340.04 crore, is for the rehabilitation and upgradation of two lanes from Majalgaon to Kaij. It has also been declared as the lowest-1 (L-1) bidder for the project of four-laning, rehabilitation and upgradation of NH-4 from Nalagampalli to AP and Karnataka border, under NHDP-IV in Andhra Pradesh in EPC mode. The contract amount for this four-lane NHAI project to be executed on an EPC basis is Rs.503.10 crore with 24 months of completion.

 

 

MEAGRE MILEAGE

The country saw construction of 22 km of national highways (NHs) per day last fiscal against the target of 41 km a day. The ministry had set an ambitious target of 15,000 km which comes out to be 41 km per day for construction of NHs during 2016-17. During last fiscal, only 16,036 km of road construction (including 4,335 km by NHAI), has been awarded. Seventy-eight works in a length of 4,344 km amounting to about Rs.51,737 crore, and 76 works in a length of 4,335 km amounting to about Rs.70,000 crore, have been awarded in 2015-16 and 2016-17.

 

 

STALLED HYDRO PROJECTS

43 hydro-electric projects, with total generating capacity of 11,928 MW, are under construction. Out of these 43 projects, 16 are stalled due to financial constraints and other reasons.The total power generation capacity of the 16 projects is 5,163 MW and the anticipated completion cost of these projects would be Rs.52,306 crore while their original cost was Rs.27,027 crore. The annual loss of energy generation from these stalled projects is about 15,564 million units.

 

 

EXPRESSWAY FOR NORTHEAST

The first express highway project in the northeast region will be developed along the Brahmaputra river in Assam at an estimated investment of Rs.40,000 crore, according to an agreement between the Assam government, NHAI, and Inland Waterways of India. This 1,300 km-long North East express highway in Assam envisages an investment of Rs.40,000 crore. The Centre will dredge the Brahmaputra river from Sadia in Upper Assam to increase navigational channels up to Chittagong port in Bangladesh.

 

 

J&K PROJECTS ON ANVIL

Projects worth Rs.7,000 crore are to be implemented by Ministry of Road Transport and Highways over the coming two years in Jammu and Kashmir. The recently opened Chenani-Nashri tunnel will reduce the travel time between Jammu and Srinagar by around two hours and the distance by 31 kilometres. 13 new ongoing projects in J&K will further strengthen the road network and road communication for people, according to the Union Minister of Road Transport and Highways. Work on ring roads in J&K are to be initiated in the next three months.

 

 

MEP EYES MULTICRORE PROJECTS

MEP Infrastructure Developers is eyeing Rs.10,000 crore worth of contracts to be tendered by end of the year. The company already has six of the 17 NH projects that have so far tied up all funds after being bid out on the hybrid annuity model (HAM). The highway contracts that are in the states of Maharashtra and Gujarat would be commercially operational in the third and fourth quarters of 2019.The latest project bagged by the company is the Mahuva–Kagavadar section in Gujarat. The bid cost of the project is Rs.606.68 crore, and will be funded by IDBI bank and IIFCL.

 

 

MMRC SIGNS MOU

To raise Rs.1,000 crore for the Rs.23, 200 crore Colaba-Bandra-Seepz Metro 3 project through commercial development, the MMRC is looking at places like MIDC and Girgaon in the city. Mumbai Metro Rail Corporation (MMRC) has already signed a memorandum of understanding (MoU) with the Mumbai Police for such development. MMRC is also exploring some commercial development near the Girgaum-Kalbadevi section where it has to rehabilitate the project affected persons (PAPs).The fully underground metro will have 27 stations and is expected to be completed by 2020-21 and cater to 1.23 lakh passengers daily.

 

 

BRICS’ MASALA BONDS

The New Development Bank set up by the BRICS group of emerging economies plans to fund 15 infrastructure projects in member countries worth up to $3 billion this year.The bank also plans to raise $300 million to $500 million in rupee-denominated bonds, called "masala" bonds, in the second half of the year. The BRICS — Brazil, Russia, India, China and South Africa — agreed to create the New Development Bank in July 2014 with an initial authorised capital of $100 billion. The lender was officially launched a year later.

 

 

JSW’S PORT EXPANSION

JSW Group will invest Rs.7,000 crore more in the ports sector over next three years to create assets in the country as well as abroad. The company is also looking at diluting 15 per cent stake in the ports operating company, JSW Infrastructure, to a private equity player soon, and take it public by 2019. The company has already invested Rs.2,000 crore in the project at Jaigad and the overall investment plan for the company includes Rs.2,000 crore for capacity expansion. At the company level, total capacity target is 200 mtpa by 2020, Jindal said, adding the port now handles dry bulk cargo but has plans to enter container handling.




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