India is the second largest market for elevators in the world, with the market estimated at 50,000 units a year. KONE India holds over 20 per cent of the market share.
Triveni Enterprises recently completed 50 years in the steel business in Bengaluru. On this occasion, the company has introduced two new cut-to-length machines catering to the automotive and enclosure industries in India.
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With funding from banks and NBFCs to India’s real-estate sector continuing to be a struggle, the sector recorded an investment of $5.397 billion in 2019.
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As safety becomes even more of a priority, the Indian market is focusing on solutions for the affordable segment as well as smart and digitised innovations.
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Captains, leaders and stakeholders of the ports fraternity came together to discuss the Ports Community System and National Logistics Portal along with opportunities and digital transformation of ports.
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Bengaluru-based Triveni Enterprises, a leading provider of steel and steel services in India, is celebrating 50 years; it has announced its new line of machines to mark the Golden Jubilee celebrations of the company.
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With challenges and hindrances continuing to plague infrastructure development, the government’s National Infrastructure Pipeline move has been welcomed by the industry.
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India's leading integrated MEP service provider with over 75 years of experience in providing expert solutions in the building, industrial and infrastructure segments, Blue Star has built an enviable reputation for being a one-stop turnkey provider for all MEP needs, with a strong record of delivering projects globally.
Grundfos Pumps India (Grundfos India) is a 100 per cent subsidiary of Grundfos, Denmark. Among the leaders in advanced pump solutions and a trendsetter in water technology,
Organising competitions is, ofcourse, one way through which we achieve this. But we also have international forums for sustainable construction that are organised every three years.
Triveni Enterprises recently completed 50 years in the steel business in Bengaluru. On this occasion, the company has introduced two new cut-to-length machines catering to the automotive and enclosure industries in India.
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The recent National Infrastructure Pipeline report details reform initiatives to be considered by the Centre and state governments. CW takes a closer look.
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As many as 388 infrastructure projects, each worth Rs.1.50 bn or more, have been hit by cost overruns of more than Rs.4 tn owing to delays and other reasons, as per a report.
Minister of Finance Nirmala Sitharaman recently announced an infrastructure project pipeline worth over Rs.102 tn to be implemented over the next five years.
A 60-km-long trackless tram system will be developed as part of the Vizag Metro Rail Project, which will be developed to connect RK Beach and Bheemili, NAD and Pendurthi and other sparsely populated areas.
Infrastructure development works worth Rs.18.87 bn have been approved for six municipal corporations and seven municipalities – Rs.5.99 bn in Ahmedabad, Rs.4.79 bn in Surat,Rs.1.79 bn in Vadodara, Rs.1.44 bn in Rajkot, and Rs.650.50 mn in Jamnagar.
The NCR Transport Corporation has invited bids for the civil, architectural and E&M works for the design of seven elevated stations – Panchgaon, Bilaspur, Dharuhera, MBIR, Rewari, Bawal and SNB.
The High-Level Clearance Authority of the Government of Odisha has approved three investment proposals worth Rs.178.33 bn in the core sectors of steel, aluminium and thermal power.
The first session of the India-Norway Dialogue on Trade & Investment (DTI) was held in January this year. The session witnessed discussions on various areas of mutual interest such as blue economy, shipping and maritime, ICT, renewable energy, fisheries and MSME.
The Indian Government has sought investment from Singapore for the newly launched National Infrastructure Pipeline (NIP), under which it aims to take up infrastructure development projects worth over Rs.102 tn.
The Union Cabinet has approved signing of the MoU between Indian Railways and the Department for International Development of the Government of the UK, for enabling energy self-sufficiency for Indian Railways.
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Since 2017 until the first week of January this year, Bangladesh has reportedly exported 9,325 metric tonne of cement to Indian states of Tripura, Assam and Meghalaya.
Nirma Group’s cement division Nuvoco Vistas has reportedly emerged as the frontrunner to acquire Emami Group’s 9 mtpa cement business for an enterprise value of about Rs.55-60 bn.
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About Rs.40 mn has been released by the Srinagar administration to the Power Development Department for strengthening power distribution network in various areas of the district.
The Solar Energy Corporation of India (SECI) has invited bids to set up an aggregate 1,200 MW capacity of Inter-State Transmission System (ISTS)-connected solar projects under tranche-VIII.
India now has over 150 GW of renewable energy generation capacity either installed or in the pipeline, as per data from the Ministry of New and Renewable Energy.
Bharat Heavy Electricals has invited bids from eligible firms for carrying out the Operation and Maintenance work on its 5 MW solar PV power plant at Ranipet in Tamil Nadu.
BHEL has floated a tender for the design and supply of a floating solar system of 22 MW capacity, which will be installed at the Rajiv Gandhi Combined Cycle Power Project (RGCCPP) at Kayamkulam in Kerala.
Realty developer Avighna Group is reportedly in advanced talks with HBS Realtors to enter into an agreement to jointly develop a Rs.18 bn residential project in Mumbai.
Keppel Land, through its wholly-owned subsidiary, has entered into a JV with Rustomjee Group to jointly develop the 51.4-hectare Urbania integrated township located in Thane.
Gaurs Group has raised Rs.4.50 bn in debt from ICICI Bank for its shopping mall project – Gaur City Mall – in Greater Noida. The project is part of the 237-acre township Gaur City.
Ashwin Sheth Group has invested about Rs.2 bn, which includes cost of land as well as approvals and construction finance, to set up a commercial project under its brand Cnergy in Thane, to develop over 2 mn sq ft of commercial space.
Real estate developer K Raheja Corp and US PE firm Blackstone Group will reportedly offer to sell more than Rs.20 bn of their stake in Mindspace Business Parks REIT in its IPO, which will take the total issue size to over Rs.30 bn.
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The Government of Meghalaya has initiated the process of implementing smart city projects worth Rs.1.60 bn. Among these, work order for the construction of a new market complex at Laitumkhrah in Shillong at Rs.300 mn is expected to be issued soon
Chandigarh’s long-awaited bicycle sharing project may finally see the light of day. Reportedly, two Delhi-based companies have technically qualified for the project.
Smart City Kochi will raise an additional Rs.40 bn in its Phase-III, IV and V to complete the infrastructure development of the residential plots in its township side.
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The construction of the new terminal building with modern facilities at the Maharaja Bir Bikram Airport in Agartala is in progress, estimated to cost Rs.3.38 bn.
The Centre may reportedly ask Mihan India (MIL) to retender the work for modernising Nagpur airport, even though GMR Airports has already bagged the tender for the same.
Cochin Port Trust has issued invited bids from eligible firms for the commissioning of 350 kW grid-connected rooftop solar power systems on various buildings of the trust under the RESCO model.
Both India and Iran are looking at accelerating work on the Chabahar port project. S Jaishankar, external affairs minister, co-chaired the 19th Joint Commission Meeting in Tehran in December last year.
The South Central Railway (SCR) has sent a DPR for the 577-km-long Secunderabad-Nagpur corridor to the railway board for detailed review and further approval.
The government has set a fresh deadline of December 2021 for completion of the world's highest railway bridge – the Chenab Bridge – expected to be 35 m taller than the Eiffel Tower.
NHAI is planning to raise about Rs.400 bn to monetise its highway assets through an infrastructure investment trust (InvIT), following its approval from the Cabinet in December last year.
MoRTH is reportedly in the process of awarding 7,500 km of new highways projects with an investment of Rs.3.1 tn, as a part of Phase-2 of the government’s Bharatmala programme.
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Luxaire Luxury Fans has launched its super energy efficient, first IoT-enabled smart ceiling fan – Lux 5130 – with the BLDC technology, setting a new benchmark and innovation in the luxury fan space.
Schneider Electric has launched a powerful solution – the Modicon M262 controller – which is an IIoT-ready controller for logic and motion applications, in India.
Stonelam®Laminam is redefining the luxe and finesse for bathrooms. Stonelam Surfaces has introduced bathroom worktops and floorings, a new concept in decorative surfaces with universal potential for the construction industry.
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The company has bagged an order from TANGEDCO for execution of 1 x 660 MW Supercritical Ennore Thermal Power Station Expansion Project in Tamil Nadu on EPC basis.
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Adani Ports and Special Economic Zone (APSEZ) has bought Krishnapatnam Port (KPCL) for a whopping `135 billion, acquiring a controlling stake of 75 per cent from the later's existing shareholders.
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Founded in 1965, today, Featherlite is among India’s largest manufacturer of commercial furniture offering state-of-the-art spatial design solutions for workspaces across diverse segments of offices, institutional, healthcare and hospitality.
The power of the Wirtgen Group is driving the construction of the biggest airport in the world: Plants and machines from Wirtgen, Vögele, Hamm and Benninghoven are playing a vital part in the construction of the New Istanbul Airport.
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Highlighting opportunities for the capital goods industry under ambitious construction projects such as high-speed rail and dedicated freight corridors, FICCI’s Capital Goods Committee has prepared a report on‘Opportunities for Capital Goods Industry with Indian Railways and Metros’
Indian infrastructure is likely to witness a massive increase in investment with a target of Rs.105 trillion to be spent over the next five years (FY2020-FY2025), according to ICRA.
The Government of India, Government of Assam and the World Bank recently signed a loan agreement of $88 million to help modernise Assam’s passenger ferry sector that runs on its rivers, including the mighty Brahmaputra.
IndoSpace, among India’s largest developer of Grade-A industrial real-estate and logistics parks, has launched three new industrial and logistics parks across Becharaji in Gujarat, Anantapur in Andhra Pradesh, and Sohna Taoru in Haryana
iQuippo, India’s first digital marketplace for infrastructure equipment, has launched its upgraded financing portal, which makes it the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs.
A number of infra project contractors are using welding and cutting operators from China, Russia and East European countries as India faces a shortage of skilled welding manpower.
