SW Steel continues to be the preferred supplier for roofing and cladding sheets for the warehousing segment in the Indian market. It enjoys a business share of over 40 per cent in the country’s steel roofing segment, including galvanised products, galvalume and colour-coated roofing sheets.
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CW delves into how large scale business opportunities can be created in Maharashtra by encouraging large construction projects and through innovative finance.
The Board of NCL Industries approved the proposal to set up 110 TPH cement grinding and packing unit at Line 3- phase- 2 at Mattapalli. The estimated cost of the project is Rs 105 crore which will be financed majorly by debt funding and the remaining by internal accurals.
A recent report by IDBI Capital states that the cement sector has seen a consistent MoM price hike, for four months consecutively. The average price on all India level increased by 2 per cent MoM in May 2021.
A recent report by Emkay Global Financial Services shows that the cement industry might witness moderate growth in volume at a Compound Annual Growth Rate (CAGR) of 7 per cent over FY20 to FY26. The growth in capacity is also estimated at a CAGR of 5 per cent.
Dalmia Cement plans to increase its installed cement production capacity in Eastern India by 4.8 mtpa. The company plans to implement a capacity expansion of 2.3 mtpa at the grinding plant in Odisha and 2.5 mtpa at the grinding plant in Bihar.
The seventh airport in Assam, Rupsi, opened for commercial operations on May 8, flying its Guwhati-Rupsi-Kolkata flight. Presently the only commercial flights in Rupsi are by Flybig, a regional airline.
The asset monetisation policy for public assets gets another push as the government decided to sell its stake in all major metro airports of Delhi, Mumbai, Bengaluru, and Hyderabad
The Joint Venture led by Navayuga Engineering Company Limited has been selected as the successful bidders for the construction of a greenfield port at Ramayapatnam in Prakasam district.
V O Chidambaram Port Trust (VOCPT) has invited bids to convert Berth No 9—a bulk cargo handling berth—into a container terminal, through the public-private partnership (PPP) mode. The privatisation will expand the container capacity by six lakh TEU per year. The
Maharashtra Coastal Zone Management Authority gave its approval to Mumbai Port Trust (MbPT) to develop a new container terminal and two offshore berths.
Bengaluru Metro’s Phase II- A (Central Silk Board to KR Puram) and Phase II- B (KR Puram to the Kempegowda International Airport), with a total distance of 58.19 km, gets a nod from The Bengaluru Metropolitan Planning Committee (MPC).
Bharatpur (Rajasthan). The deadline for bid submission was May 12, 2021. The MFCs are said to house multiple amenities like retail and hospitality and hence are expected to enhance passenger experiences at these stations.
A new bridge connecting Nariman Point and Colaba has been proposed to Mumbai Metropolitan Region Development Authority (MMRDA), with a motive to reduce traffic congestion and ease travel for motorists.
The National Highways Authority of India (NHAI) has issued a request for a proposal for the six-lane construction of the Thuravoor-Paravoor section in Kerala on EPC basis.
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Equipment company, Kenworth introduces the redesigned Class 5-7 trucks line. Kenworth’s largest concentration of sales comes from the medium-duty line of Class 7. To make sure that the redesign was advanced and catering to the consumer, Kenworth had more than 500 people participate in design studies to define the dimensions and fine-tune ergonomics. Each of the vehicles is designed to be upfitted with bodies for all the different applications.
MB Crusher introduced the new MB-HDS523 shafts screener to the world, designed to increase productivity on the job site. The biggest, strongest, and toughest of the MB-HDS range as it is powered by two motors.
Potain launches the new MDT 489 topless crane, designed using Manitowoc’s Crane Control System (CCS). The new crane aims to offer high capacity with low operating costs.
Liebherr launched a new material handler LH 60 M Port Litronic, which was recently handed over to Aarekies Brienz AG in Brienz, Switzerland. It is specially designed for the economical handling of bulk goods and general cargo.
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Spenta Enclave Pvt Ltd, a Mumbai-based real estate firm, announced the launch of the new project ‘Codename Xception’, a mid-segment affordable category project in the Chembur area.
ASK Property Investment Advisors (ASK PIA), has invested Rs 2 billion in Kalpataru Group’s mid-income housing project in Baner, Pune. The project is an ongoing mid-segment residential project spanning across 16 acre with a saleable area of ~1.9 million sq ft comprising over 1,200 units, 1 to 3 BHK homes.
JLL India finalised a Rs 10 billion deal with Hyderabad-based developer IRA Realty Tech for a 53-acre land parcel at Shamshabad in Hyderabad. JLL mentioned that the land was acquired by a combination of sale as well as joint development agreement with few high-net-worth individuals (family-owned property) for this prime land parcel.
Pune-based real estate developers, Kolte-Patil Developers signed two new projects with a combined saleable area of 13 lakh sq ft under the development management model.
Mumbai-based Macrotech Developer, earlier known as Lodha Developers, announced that they will double the investment on construction to Rs 2,800 crore in this fiscal.
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Mumbai and Medellin are the two cities which have been selected to help smaller cities in their peripheral region to become smart cities by virtue of knowledge sharing. The two networks selected by World Economic Forum (WEF) in India and Columbia respectively, will also help the cities to have better cyber security in order to protect them from cyber-attacks.
Smart city living labs at IIIT Hyderabad launched a Smart city Start-up challenge, in association with Ministry of Electronics and Information Technology (MeitY) and the smart city mission.
India’s ICT Reference Architecture for Smart Cities (ICTRA) announced the adoption of Open Group’s ArchiMate. The Bureau of Indian Standards (BIS) in collaboration with Ministry of Housing and Urban Affairs has developed ICTRA by virtue of which ArchiMate will be available for smart city applications across India.
Speed scaling venture capital firm Anthill Ventures announces Indus X, India's first UrbanTech Scaling Programme which aims to invest in and scale the next generation of start-ups focusing on solving challenges faced by citizens, corporates, and governments in our urban centres.
The Integrated Solar Dryer and Pyrolysis pilot project was recently inaugurated in Chennai. The project focuses on urban waste management and streamlining the collection, segregation, treatment, and disposal systems of urban wastes in Indian Smart Cities
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As intensity of crisis hits the Centre, the central command increasingly abdicates responsibility and decision-making ability to the states. This has been witnessed during the COVID crisis and now with the mounting disaster of its virulent second wave. As stated in this column in the past, states hold the key to India’s economic growth. Dynamic chief ministers and their able finance ministers can do a jugalbandi like Narsimha Rao-Manmohan Singh and turn around the fortunes of their states.
The second wave of Covid-19 pandemic brought us to a complete standstill. However, several companies have risen to the occasion and have come forward to help hospitals treating Covid-19 patients by supplying medical oxygen.
VG Sakthi Kumar, Managing Director of Schwing Stetter (India), on the company’s strategy to stay afloat in this turbulent condition, and the segments that are driving the demand for concrete equipment in India.
Rahul Shorey, National Head (Construction), Tata Hitachi Construction Machinery Company, speaks on the opportunities and major challenges faced in the hydraulic excavator segment.
Construction equipment (CE) major Sany India has launched four upgraded truck cranes—STC250C, STC450C, STC600C, and STC800C in the market, adhering to the new emission norms, at its manufacturing plant at Chakan in Pune, as a part of the government's 'Make in India' initiative.
Dheeraj Panda, Director – Sales, Marketing and Customer Support, Sany Heavy Industry India, speaks on the present size and growth rate of the hydraulic excavators market in India, and how market has evolved in the last couple of years.
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The Wardrobe Rail from the Prodoor Range of Aluminium Profiles is a new addition to Häfele’s Wardrobe Accessories range and fits in perfectly with wardrobes made with the Klar Door or Plusch Door Profiles.
Panasonic Life Solutions India has introduced the electric toilet seat (ETS) that promises better safety, comfort and hygiene in the homes. The ETS comprises of built-in water filter to keep the impurities at bay.
To offer a reliable solution to the pump industry, Vinyl Pipes has launched column pipes that promise to raise the standard of borewell installations – Column Pipes with a lock (patent pending).
Aparna Enterprises has launched a new collection of wall tiles called Vitra. Inspired by premium quality, modern design and contemporary aesthetics, the new series will have fifty-six shades to its credit.
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Ambuja Cement was the first company to explore sea route for cement transportation. Keeping the tradition of innovation, once again Ambuja Cement is the first company to make use of bio-diesel in order to reduce the carbon footprint.
Breakthrough Energy Ventures, the $2 billion fund led by Bill Gates, has invested in a company that’s developing low-carbon cement. Ecocem Materials Ltd., based in Ireland, is tackling a particularly intractable problem when it comes to lowering greenhouse gases emissions.
Managing waste in the urban areas is always a pain area for any local authority. Normally huge fuds are provided in the budgetary allocation but the solutions are not easy. One of the ways, is the use of incinerators to burn the waste but that increases pollution and is pretty expensive. However cement industry that uses kiln to get intermediate product called clinker and operates it at 1500 degree Celsius can offer easy solution with minimal investment. Dr.Alka Mishra of FLSmidth covers more details.
Generation of waste is unavoidable but making use of the waste, generated in a smart way is a new approach the industry has taken. Cement industry is a torch bearer in this new approach. Sanjay Joshi, Chief Manufacturing Officer, Nuvoco Vistas Corp. Ltd is taking us through the various facets of war on waste.
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The Indian primary steel industry has witnessed a sharp rebound from the second half of fiscal 2021 despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts MANISH GUPTA & NAVEEN VAIDYANATHAN of CRISIL Ratings believe growth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to invest for future growth.
One of the country’s leading module manufacturers and comprehensive engineering, procurement and construction (EPC) solutions and rooftop solar providers, Vikram Solar, has announced the completion of an 85 MW solar plant project for NTPC in the district of Kanpur Nagar
Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group (GIG), specialising in the development, finance, construction and operation of both commercial & industrial (C&I) and utility-scale solar systems, across the Asia-Pacific region made an entry into the Indian market in September 2020.
As a development finance institution (DFI), the National Bank for Financing Infrastructure and Development (NaBFID, will facilitate cheap capital for public works programmes and projects, says Vinayak Chatterjee, Chairman, Feedback Infra Group & Chairman, Confederation of Indian Industry (CII), National Council on Infrastructure. Speaking exclusively to Infrastructure Today’s Manish Pant, Chatterjee declares that like the DFIs created by policymakers in the 1950s for making industrial capital accessible, the new body corporate will provide easy access to funding for infrastructure projects critical to nation-building.
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BHEL has bagged orders for electro-mechanical works for a hydro electric project in Andhra Pradesh and E&M works of pump-motor sets for lift irrigation schemes in Telangana
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Under the leadership of Tuhin Parikh, Sr Managing Director, Real Estate-India, Blackstone's real estate has acquired Embassy Industrial Parks (EIP) across India from Warburg Pincus and Embassy Group for an enterprise value of $700 million.
With its Managing Director Deepak Ushadevi leading the front, French floating PV specialist Ciel & Terre’s India arm has been able to achieve the milestone of completing the construction of a 14.7 MW floating solar plant in Tamil Nadu.
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Industry data and Anarock Research reveal that over 7,400 leases spanning approximately 90 million sq ft area will come up for renewal in 2021 across the top six commercial real estate hubs: Bengaluru, Mumbai, Pune, Chennai, Gurugram and Noida. Data further reveals that 2021 has the highest lease expiry pipeline compared to the next two years, 2022 and 2023.
Hindustan Construction Company (HCC), in a JV with KEC International (KEC), has been awarded a Rs.11.47 billion contract by Chennai Metro Rail for the construction of a 7.95 km elevated viaduct section and nine elevated stations on Corridor 4 of Phase 2 of the Chennai Metro. HCC’s share in the JV is 51 per cent, i.e. Rs.5.85 billion.
Nearly half of the total housing demand in the primary residential market across eight major cities is for two-bedroom apartments costing up to `4.5 million, according to PropTiger.
Bentley Acceleration Initiatives has announced the acquisition of Chennai-based Nadhi Information Technologies, a specialist in project controls, analytics and decision support for construction supply chains.
On the back of demand for hybrid space, expansion across cities and sustained funding, CBRE expects India’s flexible stock to grow by 0-15 per cent year-on-year (YoY) from the current 36 million sq ft in the next three years.
