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Budget’s 35% capex jump to Rs 7.5 trillion underscores appetite for infrastructure steel

Railway key officials, engineering and design consultants, EPC contractors, join steel producers, steel technocrats, steel material scientists at the annual event being held on 23rd February 2022 in Delhi organised by FIRST Construction Council.

Road Equipment: Road to Recovery

The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.

SBI sanctions Rs 150 billion loan to MSMEs

State Bank of India has approved Rs 150 billion loan to MSMEs and disbursed Rs 87 billion

Budget cuts by states to adversely affect construction contractors: ICRA

The overall capex budgeted by states for FY2021 is likely to witness steep cut.

We are focusing on improving our support system

Trenchless solution is used in constructing infrastructure for various segments and projects of different dimensions.

Infrastructure 2.0

Infrastructure development has always been on top of the agenda for our country. Every government has given due importance for the development of infrastructure facilities such as roads, railways, ports, airports, and industrial infrastructure of the country.

BAI meeting deliberates critical aspects of GST

The Builders Association of India (BAI) organised the inaugural function of second general council and managing committee meeting in Hyderabad.

India signs loan deal with ADB

India has inked an $80 million loan agreement with Asian Development Bank (ADB) to improve infrastructure in two Northeastern state capital cities.

Mining Equipment Sector Ablaze

India's national Budget 2016 is scheduled on February 29, 2016. Industry is rife with guesstimates, speculations, recommendations to the Finance Ministry and positive expectations which will help fuel their growth.

Be ready, lest you lose

In recent interactions with some leading players in the concrete equipment segment, we have heard that there has been nearly 40 per cent fall in the market. The market has been down for the past two years and the industry doesn't expect a revival for another two quarters.

CIL confident to achieve Rs 9,000 cr capex target

Coal India (CIL) is confident of achieving this fiscal year's (2013-14) Rs 9,000 crore capital expenditure target. The government-owned company had missed its capex target of last fiscal. CIL has also informed the Union Finance Ministry that it would pay dividend of Rs 7,958 crore for the fiscal year 2013-14.

Safeguarding duties on Chinese iron, steel items

India plans to impose safeguard duties on some iron and steel pipes, tubes and profiles to protect domestic producers from a flood of imports from countries like China and Italy.

Highway developers may get exit option

Cash-strapped highway developers may be permitted by the Union government to exit projects at any stage after financial closure if lenders agree to change the concessionaires at the request of the existing developer. The Surface Transport Ministry feels that this could be a shot in the arm for stalled highway projects since equity released from old projects can be used to develop new ones, and companies with relevant expertise can take over the construction or operation and maintenance of the ex

NHAI not in favour of PPP mode for road projects

Media reports say that the National Highways Authority of India's (NHAI) plea to the government to improve financing provisions for highways project has not worked so far. Recently, 19 high projects were bid out, but there were no takers and NHAI now believes that conditions for public-private partnership (PPP) projects are not right.

Govt may ease exit norms for road developers

The Union government may relax exit norms for highway developers, a move which will increase mergers and acquisitions in the road construction sector of India. At present, there are limits on the extent to which a lead project developer can exit from a project, with time-based milestones. Relaxation of this norm has been a long-standing demand of developers and the Cabinet may soon take up a proposal in this regard.

The Budget's impact

Industry captains analyse the Budget's implications on the CE sector. According to Vipin Sondhi, Managing Director & CEO, JCB India, the Finance Minister has rolled out a well-balanced and realistic Budget.

CE Industry to benefit from Budget's focus on infrastructure

The initiatives announced in the Budget and the measures taken outside it together will impact the demand for construction equipment. DK Vyas trains his thoughts on the likely impact of the recent Budget on the CE sector.

Govt mulls SPV for developing coal blocks under PPP

According to a blueprint prepared by the finance ministry, a special purpose vehicle (SPV) would be created for developing coal blocks in the country on public private participation (PPP) model. The government has identified 10 cluster blocks for development under PPP model and the SPV would be set up for each of these

Navayuga Road Projects to invest Rs 357.60 cr

The Government has approved six foreign direct investment (FDI) proposals worth over Rs 732 crore based on the Foreign Investment Promotion Board?s recommendations. The two largest proposals notified by the Finance Ministry include Hyderabad-based Navayuga Road Projects? plans to make downstream investments in its Special Purpose Companies worth Rs 357.60 crore and SIDBI Social Venture Trust?s submission to bring in foreign investment worth Rs 285 crore by allotting some units of the Fund.

Plan panel differs on powers of the proposed road regulator

Recently, an inter-ministerial meeting was held for the first time to discuss the proposal to set up a regulator for the road sector. The meeting was attended by the officials from the finance ministry, the law ministry and the National Highways Authority of India (NHAI). During the meeting, Planning Commission expressed strong reservations over giving the proposed regul

Reducing plan expenditure

According to some media reports, the finance ministry may reduce plan expenditure by Rs 1.5 lakh crore in 2012-13 in order to contain fiscal deficit. It may be recalled that the government has targeted a plan expenditure of Rs 5.21 lakh crore for 2012-13. Reports suggest that the ministry is in the process of making rules stricter for spending on plan expenditure.

International Mining & Machinery Exhibition

The Indian mining sector will emerge stronger with a better and more transparent mining policy and according to McKinsey Report, the metals and mining sector can contribute to $150 billion per annum to GDP.The two day international conference ?Global Mining Summit? kick-started alongside the four day International Mining & Machinery Exhibition with a specific focus on exploration, technology, policy frameworks and emerging business opportunities in the Indian mining and coal sectors.

Liebherr is open to feasible customised solutions...

When it comes to equipment selection, fuel and energy efficient parameters are con?si?dered to be the two major parameters that constitute the operating cost of a machine,

Waiting for the Rejig

The foundation has always been the starting point and the most important part of any project. The foundation industry in India though, is still struggling from lack of attention and want of new projects.

We provide extensive training to operators on the finer points of operation

The vision statement of Vev Ventures goes like this: To be a dependable distributor for con?struction equipment and attachment in the market,

Power: Switch it on!

Here?s an excerpt of a management tale: Two marketing executives were sent separately to Africa to study the potential for the market for shoes.

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