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1.Ramco to set cement facility in AP

Ramco Cement plans to set up a cement plant in the Kurnool district of Andhra Pradesh. Aiming to invest Rs 3,000 crore, the company will also invest in building a 20-km railway line to facilitate connectivity. Its new facility in Visakhapatnam will also be commissioned by October 15, 2014.

2.Birla HomeTech plans to set up cement factory

Birla HomeTech plans to set up a cement factory in the Kurnool district of Andhra Pradesh (AP). For this the plants has received an assurance from the state government to provide resources. The south-eastern Indian state is rich in minerals and the output from the cement plant has potential to be used by the government for infrastructure projects.

3.BMM Group to sell cement business to Sagar Cements

Sagar Cements has plans to buy the cement business of Bangaluru-based BMM Ispat Group.The deal, with an enterprise value of about Rs 500 crore, is likely to be sealed soon. The valuation per tonne is expected to be around $80-$85. Once the deal is closed, SagarĀ“s capacity will increase from 2.75 mn tonne to 3.75 mn tonne as BMM has a 1 mn tonne cement

4.Contract Awarded (Oct. 2014)

Contract value: Rs 230 crore Particulars: Civil and electrical works OM Metals Infraprojects has received a contract in JV with SPML Infra from Sardar Sarovar Narmada Nigam. The order is for designing, engineering, manufacturing, supplying and commissioning all civil, mechanical and electrical works on the Kutchh branch canal in Gujarat.

5.AP braces for 2nd major port

Government of Andhra Pradesh is planning to develop a second major port in the state and is awaiting finalisation of the site.

6.Srinagar township project work to begin by year end

Work on the Srinagar integrated township project at Andhra Pradesh is likely to begin by the end of this year following the approval of the Detailed Project Report (DPR) by Hyderabad Metropolitan Development Authority (HMDA).

7.GE signs service agreement for 768 MW gas power plant in India

Indian utility GMR Energy has signed a long-term service agreement with GE for the expansion of the Vemagiri power plant in the state of Andhra Pradesh.

8.Cement demand declines after 20 years

Demand for cement fell by 0.68 per cent during the April-June quarter compared with the corresponding period last fiscal as political crisis in large consumer states held up infrastructure and realty projects.

9.AP govt demand hits cement cos

A sharp fall in the government demand for cement in Andhra Pradesh over the last one year has hit the cement industry hard. The government demand, at about 4-5 lakh tonne a month, earlier was nearly 25 per cent of the total demand in the state.

10.AP to implement high-voltage distribution system

The Andhra Pradesh Government plans to implement high voltage distribution system with an estimated expenditure of around Rs 1,154 crore. Implemented in five years, this system is expected to bring down energy losses from an estimated 25 per cent to 10 per cent.