Cementing profits Ajay Kapur, CEO, Cement Business, Adani Group, is eyeing growth. He helms Ambuja Cements, a part of the Adani Group, which signed a definitive agreement to acquire the cement grinding unit of the My Home Group in Tuticorin,Tamil Nadu, for a total value of Rs.4.13 billion, which will enhance the company’s coastal footprint in the southern markets of Tamil Nadu and Kerala and add 1.5 million tonnes per annum (MTPA) capacity. In addition to the geographical advantages, Kapur says Ambuja Cements will leverage the existing infrastructure and dealer network and retain current employees, facilitating a smooth transition and enabling the rapid ramp up of utilisation. Further, considering the limited availability of limestone in Tamil Nadu, the company will enjoy a unique competitive advantage with the coastal movement of clinker from the Sanghipuram Plant, ensuring cost-efficient operations. The Adani Group’s total cement capacity is 78.9 MTPA. The grinding unit is spread across 61 acre near Tuticorin Port with a long-term, fly-ash agreement, which will be value accretive.Relief for DMRCVikas Kumar, Managing Director, Delhi Metro Rail Corporation (DMRC), must be a relieved man! DMRC will not have to pay Rs.76.87 billion to Delhi Airport Metro Express (DAMEPL), an Anil Ambani-owned Reliance Infrastructure company, after the Supreme Court decided to grant it relief through a curative petition, which is significant for its implications on PPPs, investor confidence and the legal system. It highlights the court's commitment to justice and sets a precedent for future disputes in similar projects. The Supreme Court quashed an arbitral tribunal award directing DMRC to pay the amount to DAMEPL, an SPV of Reliance and Spain’s Construcciones Auxiliar de Ferrocarriles. A three-judge bench led by Chief Justice of India (CJI) DY Chandrachud exercised the apex court’s rare powers under Article 142 of the Constitution in a curative petition filed by DMRC to lift the “exorbitant” liability off the public utility’s shoulders. The CJI said DMRC had suffered a “grave miscarriage of justice”. The Court observed, “The process of arbitration was perverted by the arbitral tribunal to provide an undeserved windfall to DAMEPL.”The Turkish connectionPradeep Gaur, Chairman and Managing Director, Rail Vikas Nigam (RVNL), has been busy. RVNL has signed an MoU with TUMAS (Turkish Engineering Consulting and Contracting Company) India to collaborate on the railways and metro infrastructure sector. The MoU aims at jointly undertaking a wide range of projects including metro, rail, high-speed rail, tunnels, bridges, highway and expressway projects on a global scale and is geared towards infrastructure and public transportation projects, specifically within India. RVNL, as the construction arm of the Ministry of Railways, was established in 2003 to execute projects on a fast-track basis. Its scope of work encompasses project execution from conception to commissioning, including the creation of project-specific SPVs. Moreover, it is tasked with mobilising extra-budgetary resources (EBRs) through a blend of equity and debts via these SPVs. TUMAS boasts a team of well-trained and skilled engineers to cater to service demands in India.