The June-September 2010 has been the worst quarter for construction industry. Prolonged monsoon and heavy precipitation have impacted operations of infrastructure projects while governments, both at Centre and states, were slow in awarding new contracts, analyses.
When the going gets tough, the tough strategise. Developers, contractors, cement and steel companies alike rely on sound business practices and a futuristic vision to stay in the game, discovers Charu Bahri.
Five engineering companies have submitted their bids for Rs 490 crore project of elevated road between Worli and Sewri on October 18. The road will boost east-west connectivity in Mumbai. Larsen & Toubro, Hindustan Construction Company, Gammon India, Simplex Infrastructure and National Construction Company are the companies that have submitted bids for the 4.5-km elevated road.
JSWs Jaigarh Port, a special purpose vehicle of JSW Infrastructure, plans to set up a 1 km berth container terminal in Ratnagiri. The bidding for this project has commenced and reached its fi nal stage. Budgeted at around Rs 2,000 crore, ITD Cementation India, Simplex Infrastructure and L and T are among the shortlisted bidders for this terminal.
Mumbai's recently constructed 17-km long Eastern Freeway ensures speedy travel and a fairly comfortable ride. Mumbai presents us with ubiquitous images of the hustle and bustle of crowds, traffic snarls, congested roads and the ensuing cacophony.