Daily Construction News 2018 : Epcworld India Magazine

Orient Cement has informed that it has terminated the share purchase agreement and business transfer agreement signed with Jaiprakash Associates and Jaiprakash Power Ventures. Under the provisions of the Share Purchase Agreement and the Business Transfer Agreement, either party is entitled to terminate the agreement. More detail visit us: http://bit.ly/2xtOWFt

The acquisition provides UltraTech Cement access to large reserves of high quality limestone. The acquisition increases the Company's presence in the highly competitive and fast growing Northern and Western markets in the country Contact us: http://bit.ly/2J6RgDP

PRAAPTI App and web portal have been developed to brought transparency in power purchase transactions between Generators and Discoms. The App and Web Portal will capture the Invoicing and payment data for various long-term PPAs from the Generators. More detail: http://bit.ly/2sng7N2

L&T has won a major Design & Build order from the Dhaka Mass Transit Company Ltd (DMTC) worth Rs.3191 crore for Electrical & Mechanical Systems Package of Dhaka Mass Rapid Transit Development Project (MRT – Line 6).  please visit us now: http://bit.ly/2KOZWir

NITI Aayog will work with ABB to prepare key sectors of the economy, such as the power and water utilities sector, industries like food as well as the heavy industries sector; and the transport (rail and metro) and infrastructure sectors for digitalization, the Internet of Things (IoT) and Artificial Intelligence (AI). For more detail: http://bit.ly/2IKXqNs

DHL SmarTrucking leverages Internet of Things (IoT) technology and data-driven insights for route optimization. This reduces transit times by up to 50 percent compared to the traditional trucking industry, and provides over 95 percent reliability with ease of use, end-to-end consignment visibility, temperature-controlled capabilities and real-time tracking For more information: http://bit.ly/2kiWXUi

The business has secured an order from a prestigious private client for the construction of eight-lane Vadodara - Kim Expressway, the package I (part of Vadodara Mumbai Expressway) in the state of Gujarat For more detail: http://bit.ly/2J0mkbf

Tata Steel has successfully completed the acquisition of controlling stake of 72.65% in Bhushan Steel Limited ('BSL') in accordance with the approved Resolution Plan under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code 2016 (IBC). More detail contacts us now: http://bit.ly/2kkdozv

USG Boral has announced the appointment of Sumit Bidani as Chief Executive Officer (CEO) for its India market. In his new role, Sumit will be responsible for developing the growth strategies and expansion of USG Boral across South Asia. More detail: http://bit.ly/2x49bJu

Buildings & Factories IC has won a prestigious order from a reputed government client for the design & construction of 1,125 Nos of Residential towers of G+3 floors under PMAY Scheme at Visakhapatnam, Prakasam, Guntur, and Krishna Districts in Andhra Pradesh, to be completed within stringent timelines. For more detail: http://bit.ly/2GH6SLY

Companies with around 22 million tonne (MT) of crude steel capacity have been referred to National Company Law Tribunal (NCLT) in the first round of the stressed assets resolution process by the Reserve Bank of India (RBI). More detail contact us: http://bit.ly/2kcUydw

Sterlite Power has received an order of US$ 47 million from GS S Korea for supply of High-Performance Conductor (ACCC). The ACCC will be used for a new 400kv transmission line across a route length of 169-km on a Power Grid Company of Bangladesh project. For more information: http://bit.ly/2wX1jtt

Prime Minister Narendra Modi has inaugurated Kishanganga Hydroelectric Project and laid the Foundation Stone of the Pakal Dul Power Project in Jammu & Kashmir today. Pakal Dul, with 1000 MW capacity, will be the largest Hydro Power Project in Jammu & Kashmir on completion. For more detail contacts us: http://bit.ly/2x52Ptg

Century Textiles’ cement business consists of 3 integrated cement units in Madhya Pradesh, Chhattisgarh and Maharashtra with a total capacity of 11.4 mtpa and a grinding unit in West Bengal of 2.0 mtpa. More detail contacts us now: http://bit.ly/2s09EXm

The MoU will provide an institutional mechanism between India and Morocco for cooperation in the field of geology and mining. This cooperation will be mutually beneficial on economic, social and environmental fields in both countries. Visit us now: http://bit.ly/2wU73Ea

A provision of funds worth Rs. 1103 crore has been approved for the project and the said AIIMS will be set up under the Pradhan MantriSwasthya Suraksha Yojana (PMSSY). For more detail: http://bit.ly/2k8jza0

SNV Housings are the new Plummer block housings which are quick to mount and easy to lubricate. The newly launched housings provide a host of benefits including reduced installation time, reduced maintenance, longer rolling bearing life, simplifying stock holding due to modular concept and more. More detail contacts us now: http://bit.ly/2k5oisM

KONE will equip the Lodha The Park residential towers with 48 KONE MiniSpace™ high-rise elevators and nine machine-room-less KONE MonoSpace® elevators. The KONE MiniSpace™ elevators will travel at speeds of five to six meters per second. Visit us now: http://bit.ly/2rIUV2Z

Motilal Oswal Real Estate (MORE) is looking to raise up to Rs. 1,500 crore through its recently launched fourth real estate fund “India Realty ExcellenceFund IV (IREF IV). For more detail contact us now: http://bit.ly/2Ilyg3R

Ascendas India Trust has entered into a forward purchase agreement to acquire two buildings with a combined super built-up area  (SBA) of 1.4 million square feet in  AURUM IT SEZ, located in Navi Mumbai. More detail contacts us now: http://bit.ly/2rHF0md

Rays Power Infra has commissioned 3 large EPC solar PV projects in Jhamkhandi (40 MW), Bijapur (45 MW), and Kustagi (45 MW). These were built in less than 100 days from land acquisition to commissioning. For more detail: http://bit.ly/2IfG2An

Siemens in India has announced the expansion of its Industry 4.0 offerings with the launch of four MindSphere Application Centers across the country. The centers will be located in Pune, Noida and Gurgaon (two). more detail: http://bit.ly/2KWA4lA

The Competition Commission of India has approved the bid by a consortium led by JSW Steel to acquire bankrupt Monnet Ispat and Energy (MIEL) in an insolvency auction. more detail: http://bit.ly/2wE0Tb5

The Indian banking system seems to be in a crisis mode. And, needless to say, it will have a cascading effect on most sectors - including real estate. More detail contacts us now: http://bit.ly/2If2mKu

CASE Construction Equipment has reached a milestone in India by delivering the 5000th Vibratory Tandem Compactor, manufactured locally in Pithampur. It is the only manufacturer in the construction sector to have achieved this landmark in India. More detail contacts us now: http://bit.ly/2ImQJ3a

BHEL has secured a prestigious order for executing 900 MW Arun-3 Hydroelectric Project from SJVN Arun-3 Power Development Company (SAPDC), Nepal. Notably, once completed, this will be the largest Hydropower project in Nepal. Visit us: http://bit.ly/2HZPzLW

CRISIL Research expects profitability of oil marketing companies (OMCs) to rebound in fiscal 2020 with crude prices unlikely to sustain at the current high levels. And for this fiscal, rising crude oil prices are unlikely to impact operating margins as materially as the consensus expects given the cushion available in marketing margins. more detail visit us: http://bit.ly/2rpw6ZP