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Entering an era of transformation

Off-the-road tyre manufacturers and suppliers are facing brand-new difficulties as a result of technological advancements and evolving end-user needs that are pushing the market into uncharted terrain.

Vedanta to invest $15 bn in semiconductor, display unit ventures

The Vedanta Group, led by Anil Agarwal, is preparing for two individual ventures which may witness investments of around $15 billion in chip and display manufacturing space across the country.

CEAT, Tata Power partner to install captive solar power plant at Solapur

CEAT’s Bhandup plants' power dependability on non-renewable resources will be reduced by 50%

Delhi Mumbai expressway SPV gets ‘AAA’ rating

The National Highways Authority of India’s (NHAI) fully-owned special purpose vehicle (SPV), DME Developers (DMEL), has received AAA rating from CRISIL, CARE and India Ratings. The SPV is executing the Delhi-Mumbai expressway project.

Bharat Road Network, Cube Highways sign deal for sale of 126-km road project in UP

BRNL along with its partners inks deal for complete transfer of ownership in an operating toll road project from Ghaziabad to Aligarh on National Highway 34

Delhi Mumbai expressway SPV gets ‘AAA’ rating

The National Highways Authority of India’s fully owned Special Purpose Vehicle (SPV), DME Developers Ltd. (DMEL), has received AAA rating from CRISIL, CARE and India Rating.

Biggest is the Best

Patel Infrastructure acquired the world's largest concrete paver from Wirtgen Group. The 18.75 m full paving width paver is currently working at the Vadodara-Kim Expressway project.

Government plans to set up 13th major port

The Union Cabinet has given its "in-principle" approval for setting up a major port at Vadhavan near Dahanu in Maharashtra. The total cost of the project will be around Rs 655.45 billion.

Govt to set up 13th major port

The Union Cabinet has given its ?in-principle? approval for setting up a major port at Vadhavan near Dahanu in Maharashtra. The total cost of the project will be around Rs 655.45 billion.

Revenue growth to halve for EPC road cos through FY21: CRISIL

Road developers in the engineering, procurement and construction (EPC) segment could see revenue growth halve in fiscals 2020 and 2021 to ~15 per cent, compared with 30 per cent in fiscal 2019, a CRISIL study of 75 companies it rates in this sector indicates.

IRB Infra to commence Vadodara highway project soon

VK-1 Expressway, a wholly-owned subsidiary and a Special Purpose Vehicle (SPV) of IRB Infrastructure Developers has received an appointed date from the National Highways Authority of India (NHAI) for 23.740 km long Padra (Kim)-Vadodara hybrid annuity project, which is part of the upcoming Vadodara-Mumbai expressway.

IRB Infra achieves financial closure of second HAM project on successive day

IRB Infrastructure Developers Ltd (IRB Infra) has achieved another financial closure, on successive day, for its Special Purpose Vehicle (SPV) IRB PS Highway Private Ltd, formed to manage affairs of its second hybrid annuity project.

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.

GVK inks pact for Navi Mumbai airport project

GVK Power & Infrastructure Ltd (GVKPIL) has signed a concession agreement for the Rs 16,000-crore Navi Mumbai International Airport project. The agreement has been signed through a special purpose vehicle, Navi Mumbai International Airport Pvt Ltd, with CIDCO, the nodal authority for implementation of the project.

ALBA Asia starts coal terminal at VOC port

ALBA Asia Pvt Ltd has opened a new coal terminal at VO Chidambaranar Port Trust (VOCPT) in Tamil Nadu?s Thoothukudi district. The 10-million-tonne (mt) terminal will help VOC port raise its coal handling capacity to 24 mt by 2019.

Converting challenges to opportunities

A long way to go and difficulties and challenges to face, for them it is all about converting these challenges into opportunities. Mayur Alandkar, Co-founder, elaborates more on the firm and its ambition.

Essar Projects bags 100-km natural gas pipeline contract

Essar Projects has won a contract for a 100-km gas pipeline from GSPL India Gasnet Ltd. (GIGL). The project involves laying of natural gas pipelines, with diametres ranging from 12 inches to 18 inches, between Jalandhar and Amritsar, a critical segment of the 2,100-km Mehsana-Bhatinda-Jammu-Srinagar Pipeline (MBJSPL) project that passes through 29 districts in five states.

Essar Projects bags 100-km natural gas pipeline contract

Essar Projects has won a contract for a 100-km gas pipeline from GSPL India Gasnet Ltd. (GIGL). The project involves laying of natural gas pipelines, with diametres ranging from 12 inches to 18 inches, between Jalandhar and Amritsar, a critical segment of the 2,100-km Mehsana?Bhatinda?Jammu?Srinagar Pipeline (MBJSPL) project that passes through 29 districts in five states.

Centre plans dedicated fund for infra finance

According to reports, the Union Government is planning to set up a dedicated fund of Rs 10,000 crore for financing infrastructure projects in the country. This will be a boost to the country?s infrastructure sector, requiring investments of more than $1.5 trillion in the coming ten years.

Centre plans dedicated fund for infra finance

The Union Government is planning to set up a dedicated fund of Rs 10,000 crore for financing infrastructure projects in the country. The fund ? through ?unconditional and irrevocable partial credit guarantee? ? will help enhance the credit rating of bonds issued by infrastructure firms so that they, in turn, can attract long-term investments especially from global insurance, pension and sovereign wealth funds.

3rd Smart Cities Summit 2016

It was a day-long event that witnessed participation from over 70 distinguished speakers and a high-powered, 50-member Smart Cities Trade Mission led by Bruce Andrews, Deputy Secretary, US Department of Commerce.

Successful Year for DICV

Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler AG, experienced a successful year 2015 as domestic sales increased by 37 per cent to 14,000 units on the strength of the BharatBenz brand?s powerful product lineup.

PPT to build new clean cargo berth

Paradip Port Trust (PPT) has signed a concession agreement with Paradip International Cargo Terminal (PICT) for construction of a Rs 430 crore berth for container traffic and clean cargo handling.

AMW and L & T Finance announce financing relationship

AMW Motors has entered into an agreement with L & T Finance to provide competitive retail financing options for its range of medium and heavy haulage vehicles and tippers. The Memorandum of Understanding was signed by A Ramasubramanian ? President AMW Motors and GC Rangan, COO, L&T Finance.

Tipping trailers

Jbm Auto Is A Manufacturer Of Sheet Metal Components, Assemblies, Sub-Assemblies, Tools, Dies And Moulds. Operating With Three Divisions, Sheet Metal Division, Tool Room Division And Special Purpose Vehicle, The Company Offers Body-In-White (Biw) Parts, Cross Members, Cross Beams, Dies, Fuel Tanks, Front Axles, Heat Shields And Welded Assemblies.

Brake linings

Bremskerl Friction Material India, a subsidiary of Bremskerl, Germany, is a supplier of brake rings, brake linings, clutch linings, brake pads and friction materials. The company caters to products for truck and bus brands like Mercedes-Benz, MAN, Kassbohrer, Renault, Scania, Volvo, Steyr, Iveco, Bova, Auwarter, EVO and DAF. It also caters to special purpose vehicles and trailer brands like BPW, SAF, SAE, SMB, ROR, Krupp, Mannesmann-Demag,

Delay in development of Bankhui coal block

The Ministry of Coal has issued notice to Sakhigopal Integrated Power Company Ltd (SIPCL) asking for reasons for slow progress in developing the Bankhui coal block.

Odisha plans rail corridor for Rampia coal block

The Odisha government has decided to develop rail corridor facility in the Rampia coal block on the lines of the already planned common rail corridor for the Angul-Talcher-Chhendipada belt. The common rail corridor is proposed to be developed with equity participation from Odisha Industrial Infrastructure Development Corporation (Idco) and Mahanadi Coalfields (MCL).

IL&FS may subscribe to rights issue of Resource Generation

The proposed rights issue of Resource Generation in its South African coal mining project Boikarabelo mine would be subscribed by IL&FS Energy Development Co along with its partner, reports indicate. If existing investors don?t show much interest in the issue, IL&FS Energy, along with two other investors, committed to acquire up to 80 percent of the issue or any shortfall

CEC may discuss re-allotment of mining lease

The proposed re-allotment of mining lease areas in the Bellary, Tumkur and Chitradurga districts of Karnataka may be discussed by the Supreme Court-appointed Central Empowered Committee (CEC) soon. The mining lease may be alloted through international competitive bidding which may fetch several thousand crore rupees to the state. Meanwhile, the panel discussed reclamation and rehabilitation (R&R) plan for mining regions in these distr

NHAI loses Rs 874 cr on project delays: CAG

The National Highways Authority of India (NHAI) has incurred a loss of around Rs 873.85 crore due to delay in completion of port road connectivity (PRC) projects. This was stated by the Comptroller and Auditor General of India (CAG) and it observed this while reviewing the operations of special purpose vehicles (SPVs) formed for implementation of PRC projects that connect major ports.

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

Expressway between Agra-Lucknow to cut 2 hours time

A six-lane expressway between Lucknow and Agra planned by the Uttar Pradesh government will cut the present five-hour travel time to three hours. The State has estimated the planned 270-km road project at Rs 9,155 crore, excluding land cost.

Steadily chugging ahead

Even though the road sector in India continues to face multiple challenges, a strong pipeline of projects supports long term prospects. Around $180 billion investment is earmarked for the road sector, which is the highest ever investment for any Five Year Plan, and this should have a very positive impact on the construction equipment industry. The prime factor favouring the growth of the road equipment industry is the sheer scale of work still to be done in this sector.

Industry leaders seek infra investment push from govt

Leaders of various industry associations have urged the gove?rn?ment to speed up infrastructure investment and help revive mega projects to boost business sentiment and revive sagging economic growth.

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