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L&T, NCC bids for Rs 56.88 bn Hyderabad Airport Metro project

The Hyderabad Airport Metro has confirmed the receipt of two significant bids from L&T and NCC for the Rs 56.88 billion tender aimed at selecting an EPC contractor for the Airport Metro project.

Open Letter to Finance Minister

The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India?s GDP.

Co-lending and leasing becomes the key tool this year

Srei Equipment Finance offers innovative financing solutions to equipment purchasers, even those new to the Indian equipment financing market.

Liquidity Boost in Construction Significant for CE

Liquidity boost for construction sector will be the right trigger for equipment industry. Mahesh Singhi elaborates. The construction industry is crucial to the national GDP as it contributes 8 per cent and is the second largest earner of FDI

We are keen to have machines with reputed past and best technology

We conduct enough field tests and other evaluations of the equipment before going full fledged introduction, says SP Rajan, Head - P&M RREC, L&T Construction

Acquisition cost of equipment is a prime factor considered by procurement.

We seek guarantee from the manufacturer for breakdown attendance and for the availability of the machine for operation, says BB Mishra, Head - Procurement TIIC, L&T Construction.

Inter Ministerial Group meets on 10th June to discuss on 61 coal blocks

The Inter-Ministerial Group (IMG) on coal blocks under the Chairmanship of Additional Secretary coal will meet on June 10 to discuss the issue of bank guarantees related to 61 mines allocated to companies like Tata Steel, Jindal Steel and Power and ArcelorMittal. In February, 2014 based on the IMG recommendation, the Coal Ministry decided to deallocate around 30 coal of companies like JSPL, ArcelorMittal and Sterlite Energy for delays in developing the mines for captive consumption

WBMDTCL asked to provide bank guarantee

In a letter to West Bengal Mineral Development & Trading Corporation, the union coal ministry asked the former to provide bank guarantee (BG) of Rs 1.3 crore for a coal block in West Bengal. In 2006, the coal ministry allotted the Ichhapur coal mine in the the Raniganj coalfields of West Bengal to the company for commercial use. The mine has geol

Equipment Financing: Our biggest strength is our customer centric approach

NBFCs have developed substantial expertise in lending to this industry and hence, enjoy an equal share in the pie, says KV Srinivasan Chief Executive Officer, Reliance Capital while discussing CE financing segment with Equipment India.

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