EXCON 2019 – South Asia’s largest construction equipment and construction technology trade fair organised by the Confederation of Indian Industry (CII) will demonstrate the role of smart technologies and next gen construction equipment in accelerating the growth of infrastructure in the country
Indian Railways has as much as $65 billion worth of pending projects with almost half of them being under construction for more than five years, leading to cost-escalations and making many of them un-bankable, according to a PhillipCapital India recent report.
The Big 5 Construct India 2015 witnessed industry experts coming together under one roof. The prestigious event was organised by Federation of Indian Chambers of Commerce and Industry (FICCI), co-organised by Ministry of Urban Development (MoUD), Government of India in association with dmg events, a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT).
To set up two building material plants in India at Rs 40 crore investment Ardex GmbH, a high performance specialty building material provider based in Germany, has formed a joint venture with Prism Cement. The joint venture company Ardex Endura will set up plants in Bangalore and Durgapur, West Bengal, this year to meet the growing demand in the South, especially in Tamil Nadu and North-East.
German concrete pump maker Putzmeister Holding will go into the hands of Chinese firm Sany Heavy Industry as the latter will buy 100 percent stake in the former in partnership with the fellow national private equity company CITIC PE Advisors.
With the vision to provide its Indian customers with a complete package for road construction, Wirtgen aims at offering a one-stop-shop for milling and paving machines, recycling and compaction equipment and much more.
Taking the total cement capacity to 5 million tonne per annum under its Rs.1,400 crore expansion plan Germany’s Heidelberg Cement, last week announced the commissioning of its new facility in Jhansi of Uttar Pradesh. The global cement maker, which had entered the Indian market by acquiring Mysore Cements in 2006, had 3.1 million tonne per annum capacity before its Jhansi grinding unit went on stream.