The warehousing and logistics sector was in a good space before COVID-19. Conferring ‘infrastructure’ status to the logistics sector, pushing ‘Make in India’, developing multimodal transport networks, the initiatives to set-up the Delhi-Mumbai Industrial Corridor.
CRISIL’s latest report indicates that the Indian economy would have to grow by 11 per cent for three consecutive years to match the economic growth pre-COVID19!
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The mandate of the Rail Land Development Authority (RLDA) is to monetise railway land, especially surplus railway land available across India, and it offers several opportunities to consultants, developers and investors.
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CW conducted a webinar on ‘Construction Technologies Post COVID-19’, powered by Fuji Silvertech Concrete, which witnessed over 1,200 attendees tuning in.
The nationwide lockdown due to the COVID-19 pandemic would adversely impact cement demand in the first quarter of FY2020-21 (Q1 FY21) with the construction activity coming to a halt, according to ICRA.
UltraTech Cement, an Aditya Birla Group company, has announced its financial results for the quarter and year ended March 31, 2020. In the face of the unprecedented situation arising out of the COVID pandemic, the company’s operations across locations were shut down in line with government directives.
Cement dealers across the country expect a significant slackening in sales, elongated credit period to retailers, and higher working capital needs this fiscali n the wake of the COVID pandemic, reveals a CRISIL Research survey.
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The government is close to finalising a Rs.3.5 tn financial assistance package that would mandate state power distribution companies with high losses to either privatise operations or appoint distribution franchisees and invest in infra upgradation, reportedly said Power Minister RK Singh.
Assam Chief Minister Sarbananda Sonowal has reportedly issued an open invitation to companies to set up their business ventures in Assam as the state has a power surplus of 350 MW to cater to their electricity need.
The IL&FS group has invited EoIs for the purchase of its stake in the ONGC Tripura power plant JV. The group holds a 26 per cent interest in the gas-based power plant. According to a report, ONGC could also bid for this stake.
The Wirtgen Slipform Paver SP 1600 – the world’s largest concrete slipform paver – was commissioned at Patel Infrastructure in February for the construction of the eight-lane Vadodara-Kim Expressway, a part of the Mumbai-New Delhi Expressway.
Volvo Construction Equipment’s new DD128C double-drum compactor, showcased at its ConExpo booth, is designed to provide both smoothness and productivity.
The new E Series compact vibratory rollers from Case Construction Equipment are designed to be easy to transport and to work around tight quarters, curbs, structures and other obstacles, as per the company.
Kobelco Construction Machinery, USA is launching its SK130LC-11 excavator in the North American market, the first model in the company’s new Generation 11 line.
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One week after the Brihanmumbai Municipal Corporation (BMC) started giving permissions to private real estate projects in the city for carrying out pre-monsoon construction amid lockdown, the civic body approved more than 200 out of the total 350 applications it received.
JP Morgan Chase & Co’s asset management arm has launched a new fund to take advantage of dislocations in the public and private real estate credit markets.
The Blackstone Group Inc has raised a total of almost $1.9 bn for a set of Asia-focussed real estate funds, as it continues to grow its pile of capital to make property investments in the region.
To provide relief to real estate developers and ensure that homebuyers get their homes with new timelines, the housing and urban affairs ministry will issue an advisory to states and Union Territories to treat COVID-19 as force majeure, said finance minister Nirmala Sitharaman.
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The Greater Ludhiana Area Development Authority have started the process to take possession of land for Halwara Airport. AAI has said that it is ready with a plan for development of the airport, and the construction work will kick off almost as soon as they get the land.
Restrictions on the utilisation of Indian air space will be eased so that civilian flying becomes more efficient, Finance Minister Nirmala Sitharaman said while announcing details of the Rs.20 tn package to help overcome the COVID crisis.
The construction of the much-awaited Jewar airport in Noida has progressed further, with the ministry of home affairs giving its approval for the greenfield project, seen as an alternative to New Delhi’s Indira Gandhi International airport.
Adani Ports and Special Economic Zone (APSEZ) has reportedly called off a deal to build a greenfield port at Bhavanapadu in the Srikakulam district of Andhra Pradesh after it bought Krishnapatnam Port for Rs.135 bn in January.
State-owned RITES has reportedly signed an agreement to buy a 24-per-cent stake in Indian Railway Station Development Corp (IRSDC), the company tasked with redeveloping railway stations across the country.
Making the best of a bad situation, Indian Railways announced that it has used the lockdown as an opportunity to carry out maintenance of the railway network across the country.
The Rail Land Development Authority (RLDA) recently held a successful online pre-bid meeting regarding the `65 bn redevelopment of the New Delhi Railway Station.
With passenger train services regulated during the extended lockdown, the South Central Railway (SCR) completed comprehensive track maintenance work on the iconic second rail-cum-road bridge across the Godavari River near Rajahmundry in Andhra Pradesh
The National Highways & Infrastructure Development Corporation (NHIDCL) has invited bids for road works in Nagaland.The scope of work involves construction of two-lane with paved shoulder of Kohima Bypass Road on EPC mode under SARDP-NE (Package-I).
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The Indian construction equipment industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting construction activity.
In 2019, the Indian real-estate industry recorded a 27 per cent increase in investment with approximate fund inflow of $6 billion across all key categories, reveal findings from CBRE South Asia.
With the extended lockdown to contain the COVID-19 pandemic, the roads and highways sector will see developers and toll operators incurring toll revenue losses of Rs.34.50-37 billion during March-June, estimates CRISIL Infrastructure Advisory.
With the extended lockdown to contain the COVID-19 pandemic, the roads and highways sector will see developers and toll operators incurring toll revenue losses of Rs.34.50-37 billion during March-June, estimates CRISIL Infrastructure Advisory.
Shapoorji Pallonji Infrastructure Capital (SP Infra) and global investment firm KKR have announced the signing of definitive agreements, under which SP Infra will sell five operational solar energy assets to KKR for a total consideration of Rs.15,540 million.
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