Last month, this column recommended that the government take divestment seriously if we are to resurrect our economic balance. I am happy to report that the buzz since then around divestment has not stopped.
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Only a strong company can withstand the disruptive impact of the COVID-19 pandemic. With weak global demand, supply disruptions and shutdowns, among other factors, the pandemic has the capacity to bludgeon companies to bankruptcy. CW identifies the Top Challengers of FY2020—companies that have the capacity to withstand the onslaught.
The Indian Railways appears to have availed the opportunity provided by suspension of passenger services owing to the lockdown imposed due to COVID-19 to execute more than 200 long-pending maintenance works, including yard remodelling, repair and re-girdering of old bridges, doubling and electrification of rail lines and renewal of scissor crossovers.
This data centre is a global pioneer not just in terms of capability and price but more so in terms of its focus on efficiency and sustainability,” adds Darshan Hiranandani, Group CEO, Hiranandani Group.
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According to a recent report, the global construction software market is expected to grow from US$ 1,601.57 million in 2019 to US$ 2,801.82 million by the end of 2025 at a CAGR of 9.76 per cent, despite economic slowdown that has overtaken the global economy.
Leading highway developer Ashoka Buildcon is an integrated EPC and BOT player with a portfolio of 38 PPP projects—one of the largest by number in India.
With its geographical diversification in 17 states across the country and segmental diversification in sectors such as highway, metro, irrigation, dam, airport, mining, tunnels, etc.
Godrej Properties brings the Godrej Group philosophy of innovation, sustainability and excellence to the real-estate industry. Each Godrej Properties’ development combines a 123-year legacy of excellence and trust with a commitment to cutting-edge design, technology, and sustainability.
Established in 1946, HIL is a flagship company of the $2.4-billion conglomerate CK Birla Group. Offering comprehensive building materials and solutions for over 70 years,the company has achieved market leadership by developing and marketing sustainable and relevant products that are future-ready, high quality and have innovation at their core.
With a modest beginning in 1998, IRB Infrastructure Developersis among the largest private roads and highways infrastructure developers in Indiatoday, with an asset base of over Rs 450 billion.
J. Kumar Infraprojects is among the few EPC companies to conform to ISO standards ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 for Quality Management Systems, Occupational Health and Safety Management System and Environmental Management System.
A leading Indian cement manufacturer, JK Cement is an affiliate of the multidisciplinary industrial conglomerate, JK Organisation. For over four decades, JK Cement has partnered India's multisectoral infrastructure needs on the strength of its product excellence, customer orientation and technology leadership
A multi domain infrastructure development organisation with over two-and-a-half decades of experience, KNR Constructions (KNRCL) executes the construction of technically complex and high-value projects across segments, such as expressways, national highways, flyovers, bridges and viaducts, irrigation projects such as dams, reservoirs and canals and urban development including civic amenities and water infrastructure, among others.
Incorporated in 1991, Kolte Patil Developers is a leading real-estate companythat has developed and constructed over 50 projects, including residential complexes, commercial complexes and IT parks covering a saleable area of ~20 million sq ftacross Pune, Mumbai and Bengaluru.
Larsen & Toubro (L&T) is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue (as per the Investor Presentation Q4/FY20) and operating in over 30 countries worldwide.
PNC Infratech is an integrated infrastructure investment, development, construction, operation and management company, with expertise in the execution of expressways, highways, bridges, flyovers and airport runways and the development of industrial areas across several states in the country.
Prestige Group, one of the leading real-estate developers in the country, has a legacy of over three decades in real-estate development. It has diversified business models across the residential, office, retail, and hospitality segments with operations in 12 key locations in India.
Established in 2008, PSP Projects, among thefastest growing construction companiesin India, isfocused on the construction of buildings and factories that demandhigh quality and timely completion.
Part of the Welspun Group, Welspun Enterprises (WEL) operates in the infrastructure space—primarily roads and water, with some investments in oil and gas.
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Asia’s biggest single-site solar power project, the Rewa Ultra Mega Solar (RUMSL), commenced operations on July 11. Located at Rewa in Madhya Pradesh, the facility was launched by Prime Minister Narendra Modi via video conference. Speaking on the occasion, the prime minister said that apart from the people and industries in Madhya Pradesh, the Delhi Metro Rail would also benefit from it.
The Solar Energy Corporation of India (SECI) has issued a tender seeking bids for setting up 1,070 MW grid-connected solar photovoltaic power projects in Rajasthan (Tranche-III).
The Andhra Pradesh Renewable Energy Export Policy 2020 has been announced to attract private investments for establishing solar, wind, wind-solar hybrid projects on a massive scale in the state.
Tata Power Green Energy (TPGEL) has received a LoA from Tata Power Mumbai Distribution to develop a 225-MW hybrid renewable project. The energy will be supplied to Tata Power Mumbai Distribution under a PPA valid for 25 years, TPGEL said in a statement.
NHPC has signed a MoU with Green Energy Development Corporation of Odisha. As part of the MoU, the two parties will form a JV company for the development of techno-commercially feasible floating solar power projects of nearly 500 MW in Odisha.
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As India’s economy has started getting back to a ‘new normal’ following the COVID-19 outbreak and the nationwide lockdown, the real estate sector has also started to witness some green shoots as home buyers are back in the market, though in lower numbers, across Tier-1 cities, reveals the Magicbricks’ Propindex Report Q2 2020.
In one of the biggest real estate deals post the COVID lockdown, luxury developer Sunteck Realty has acquired a prime project of approximately 50 acre in the Vasai (West), having a development potential of about 4.5 mn sq ft in the Mumbai Metropolitan Region (MMR) area.
Embassy Group will merge 11 residential and commercial projects with Indiabulls Real Estate as part of an all-stock deal where it will take control of the Mumbai-listed developer.
Bengaluru-based realtor Puravankara Group plans to launch 11 residential projects with a total saleable area of around 10.23 mn sq ft this fiscal, even as the COVID-19 pandemic continues to impact the sector.
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The Union cabinet is likely to take a decision on the second phase of airport privatisation, Airports Authority of India Chairman Arvind Singh has said, as reported.
The Andhra Pradesh Government is keen to finalise the bids for the civil work of Ramayapatnam Port and launch the works latest by August 5, as reported. Recently, the state cabinet had cleared the DPR for the first phase of work of the port, to be taken up at an estimated Rs.37.36 bn. The port is expected to give a big push to development of the backward Prakasam district.
Indian Railways is laying a new broad-gauge rail line, particularly for the benefit of pilgrims, from Rishikesh to Karnaprayag in Uttarakhand. Besides making train travel easier, the railway line is expected to play an important role in the development of the state, helping to promote tourism and trade while providing railway connectivity between five districts of the state.
The National Highways and Infrastructure Development Corporation (NHICDL) has floated a tender for widening of NH-40 from Shillong to Tamabil that links Meghalaya with Bangladesh.
The National Highways Authority of India has floated tender for an eight-lane access-controlled expressway in Gujarat. The scope of work involves the expressway section of the Delhi-Vadodara Greenfield Alignment (NH-148N) from the Madhya Pradesh/Gujarat border near Chhayan village to after the bridge over Hadaf River near Hathiyavan village in Dahod district (Ch 696.920 to 729.755) on EPC mode under the Bharatmala Pariyojana.
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Amid the prolonged nationwide lockdown and subsequent state and city-specific restrictions disrupting construction activities, cement demand is expected to de-grow by 22-25 per cent in FY2021, says rating agency ICRA. Demand is likely to recover only from the second half of FY2021, post-monsoon.
Kotak Special Situations Fund, managed by Kotak Investment Advisors, has announced that it has made an investment of Rs.5 bn in Nirma Group unit Nuvoco, to help finance the latter's acquisition of Emami Cements.
UltraTech Cement has announced that it will divest its entire 92.5 per cent stake in China's Shandong Binani Rongan Cement Co. "Krishna Holdings, incorporated in Singapore and a subsidiary of the company's wholly-owned subsidiary
The Bureau of Indian Standards (BIS) has granted India’s first license for manufacturing of microfine ordinary portland cement and ultrafine ground granulated blast furnace slag to Counto Microfine Products, a JV of Ambuja Cements and Alcon Group, which has one of the largest manufacturing facilities for microfine materials in Goa.
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Milagrow Robots has launched four new humanoid robots – RoboDiCaprio, RoboJulia, RoboNano and RoboElf – specially designed to cater to hotels, hospitals, restaurants and corporate offices.
It is becoming clear that sanitising the air we are breathing is critical for protection against the Coronavirus. International associations such as ASHRAE and EUROVENT have issued guidelines regarding the adoption of high efficiency ISO-certified central air filtration systems equipped with Ultraviolet Germicidal Irradiation (UVGI) technology for protection against the virus.
Bharat Forge, in collaboration with AI start up Blackstraw, has introduced the Health Risk Monitoring System (HRMS), an AI-based solution that enables companies and institutions to comply with Ministry of Home Affairs guidelines for safe reopening
Embassy Services presents their fully automated Infrared Thermal Screening Solution using artificial intelligence (AI) and machine learning for highly accurate non-contact temperature readings at an extremely competitive cost.
It has been established in the past few months that the only preventive measure against the spread of COVID-19 is isolation and home quarantine, in case an individual or a family member has been exposed to the virus.
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VE Commercial Vehicles (VECV) has announced an industry-first proposition of 100 per cent connected vehicles across its entire product portfolio, powered by its connected vehicle solution Eicher LIVE.
Liebherr handed over its 100,000th truck mixer in spring 2020. It is a HTM 905, which was picked up by the company Heinz Transportbeton Ingolstadt GmbH & Co KG.
Mecalac, a leading global designer, manufacturer and distributor of compact construction equipment for urban environments, offers the AS1600 swing loader. With the unique ability to pivot its bucket 90 degrees to either side, the AS1600 – and all models in the AS Swing Loader Series – represent a departure from traditional wheel loader design for superior performance on any jobsite.
CASE Construction Equipment has launched the next generation of its SiteWatch telematics platform with an all-new dashboard, more intuitive navigation and new overview sections that spotlight critical information without requiring the user to search extensively for the data.
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In a major boost to Prime Minister Narendra Modi's vision of large-scale production of electricity from renewable sources of energy, Asia’s largest solar power project has commenced operations in Rewa. In his address, the prime minister also called for the development of a robust ecosystem for the manufacture of hardware utilised in such projects.
The July 23 announcement of an amendment to public procurement rules will significantly impact Chinese imports. Hailing the government’s move, the Indian industry has said that it will help provide a boost to domestic manufacturing
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Lower price and better inter-site mobility make pick-and-carry cranes an ideal choice for most customers across all sectors, for lifting and moving of materials. With the rise in the number of projects in various sectors, this demand is expected to grow in the coming years
The recent mining reforms by the government have opened up new opportunities for private participation in commercial coal mining and other mineral mining segments. This can create demands for mining equipment and open up ways for more technology adoptions in the coming years.
Komatsu and L&T had bagged this order from Coal India for supply, erection and commissioning of four units of PC3000-6 (16 cum) face shovel with electric drive for delivery to SECL.
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Large cement companies cracked the code and invested heavily in high visibility ATL (above the line) advertising, says Sandip Ranjan Ghose of Birla Corporation
With rapid urbanisation taking place in our country, tackling of municipal solid waste especially in the metro cities has reached a dead end when land fill areas are no more available. The world over situation is no different, yet the problem gets solved, explains Ulhas Parliker, an expert on the subject.
The Indian cement industry has been hit hard by the lockdown with operations severely disrupted and demand collapsing. Companies can mitigate the impact and build a road to resurgence by thinking and acting along three time horizons.
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The company has secured an order from the I&CAD, Government of Telangana, which is undertaking the Sita Rama Lift Irrigation scheme to irrigate about 9.36 lakh acre in the districts of Khammam, Kothagudem and Mahabubabad.
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Construction On Ventilator and In Distress v. Construction In Victory Dance: VIJAY DHINGRA, PARUL SHAH and NIKHIL SANGTANI explore the construction sector in times of COVID and ways to recovery.
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The Indian Railway Stations Development Corporation (IRSDC) has reportedly received 32 successful applications to redevelop the railway stations of Gwalior, Nagpur, Amritsar and Sabarmati and transform them into iconic city centres, after it invited RFQs in December 2019.
The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to a new pan-India central-sector scheme: the Agriculture Infrastructure Fund.
Union Minister for Road Transport & Highways and MSME Nitin Gadkari recently reviewed the proposed Chambal Express Project through video conference with Madhya Pradesh Chief Minister Shivraj Singh Chauhan; Minister of Agriculture & Farmers Welfare Narendra Singh Tomar; and Member of Parliament Jyotiraditya Scindya.
The Indian Railway Stations Development Corporation (IRSDC) has reportedly received 32 successful applications to redevelop the railway stations of Gwalior, Nagpur, Amritsar and Sabarmati and transform them into iconic city centres, after it invited RFQs in December 2019.
Revenue of road-building engineering, procurement and construction (EPC) companies is expected to de-grow 8-10 per cent this fiscal with the COVID-19 pandemic-driven lockdown severely curtailing activity.
The Maharashtra State Housing Ministry has announced a series of relaxations in its slum redevelopment policy to ensure faster availability of housing for slum dwellers in Mumbai and the Mumbai Metropolitan Region (MMR).
What makes the Yotta story unique is our ownership of all key input resources, massive economies of scale with our land banks, captive green energy generation and distribution capabilities and unmatched expertise and experience in data centre domain, including design, engineering, construction and operations,” says Dr Niranjan Hiranandani, Managing Director and Co-Founder, Hiranandani Group.
Welspun One Logistics Parks (WOLP) has signed an MoU with the Maharashtra Government for its maiden 110-acre, Grade-A warehousing park with a leasable area of 3.2 million sq ft and an estimated investment of Rs.9 billion ($120 million) in Bhiwandi in the Mumbai Metropolitan Region (MMR).
Leading infrastructure consultancy and engineering company RITES has signed a shareholders' agreement to acquire a 24-per-cent stake in Indian Railway Stations Development Corporation (IRSDC) for Rs.480 million, with the Rail Land Development Authority (RLDA) and IRCON International being the other equity partners.
A smart city entails end to end connectivity with a robust security system in place; Leaptor offers a range of products to meet the aforesaid objectives.
Global C is a leading project and development management firm that provides concept to commissioning services for buildings, healthcare, hospitality and urban infrastructure projects to its clients pan-India and internationally.
