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1.Equipment Rental Trends - Rental Realities

Author is expressing her views on how easy or difficult it to hire construction equipment and what is the deal of the services. As it was the unorganised sector, earlier immature construction and allied rental markets meant that the quality of construction equipment offered was inadequate and insufficient to attract a few big players. The entry of national players into the construction industry in recent years has come as a beacon of opportunity to investors, consumers and allied sectors i.e construction equipment rental providers. Timely and easy access to appropriate, well-maintained equipment can kick-start the implementation of projects. A sign of maturity in the rental market is its ability to offer a wide range of equipment incorporating the latest technology, as well as trained operators and service personnel to maintain and troubleshoot its usage. If you’re planning to rent, be prepared to shell out approximately one to two months of the monthly rental of the equipment as security deposit.

2.KenGen signs deal with Andritz

Kenya Electricity Generating Company (KenGen) has signed a deal with Austrian company Andritz to install the third 24 MW turbine and overhaul two others at its Kindaruma Dam.

3.Ashok Leyland-John Deere to manufacture construction equipment from Jan 2011

Ashok Leyland and John Deere have decided to commence the commercial production of its contraction equipment business by January 2011.

4.EMCOR subsidiary bags deals for electrical systems

EMCOR Group Inc’s subsidiary Dynalectric Oregon has been awarded contracts for the installation of various electrical systems at the Oregon State Hospital facility in Oregon.

5.Sunil Hi Tech bags contract worth Rs 487.82 cr

Sunil Hi Tech Engineers bagged a power project worth Rs 487.82 crore from Maharashtra State Power Generation Co(Mahagenco).

6.Korea gets largest project in its history

The South Korean consortium-led by Korea Electric Power Corp (Kepco) has been awarded one of the largest contracts worth about $20 bn (Rs 9,220 crore) to build four nuclear power plants in the UAE.

7.Sobha envisages projects worth Rs 2,800 cr

Sobha Developers is planning to launch projects worth Rs 2,800 crore over the next 12-18 months covering 8 mn square feet.

8.Bidding for 12 highway projects delayed

About 12 highway contracts of the Ministry of Road Transport have been delayed till January 2015.

9.140 road projects delayed

The government has admitted that there have been delays in 140 road projects out of 211.

10.Ahluwalia plans for acquisition

Ahluwalia Contracts India Ltd is planning to acquire specialised construction firms. The company anticipates a 25-30 per cent growth for next five years and plans acquisitions of upto Rs 100 crore.