Shipping Corporation of India plans to procure 110 vessels of 5.21 mn gross tonnage (GT) at an estimated cost of Rs 27,668 crore in the next 10 years. Among these vessels, the Shipping Corporation is likely to place orders for 26 vessels by 2011-12. The acquisition of the vessels would take SCI's total tonnage to about 7.21 mn GT by 2020.Contact: The Shipping Corporation of India Ltd.Tel: 022- 2202 6666.Fax: 022-2202 6905.Website: www.shipindia.com
Emergence of Integrated MEP business are basically encouraging small contractors as because in most of the cases the major equipments are bought by the developers (employer/client) and being given to the MEP contractors to erect or install. This type of projects are not suitable for large contractors as only erection sort of a job is left to be done which doesnt attract more much desired profits compared to the manpower investment. Also, from client/employer's point of view if they buy the major equipments themselves by taking engineering/technical help from consultants it will save them atleast 10 to 15% of value on each equiipments which the contractor might have costed for that particular project. Due to this reason MEP business is a big failure in eastern part of the country. But yes, Indian HVAC industry has a great future ahead.