by Sawon Banerjee | May 7, 2021 | News
Vedanta Ltd. is looking to partner with State governments to set up a copper smelter complex in a coastal region in India. The investment in the complex could be around ₹10,000 crore and provide employment to nearly 10,000 people, says an Expression of Interest (EoI) issued by the company to set up the copper smelter complex.
The EoI says that the copper smelter of 500 KPA will require a footprint of around 1,000 acres in proximity to port along with logistics connectivity with conveyor/corridor of rail and road to handle 5 mtpa material movements on both in-bound and out-bound sides.
by Sawon Banerjee | May 7, 2021 | News
In the 9MFY21 edition of its credit news digest published by India Ratings and Research says that pick up in execution and rich order inflows will aid recovery in the EPC (engineering, procurement and construction) sector.
“Ind-Ra expects roads, buildings, railways and irrigation related segments to see major order inflows in FY22, backed by rich budgetary allocations,” it said in a statement. With the increasing execution rates in the fourth quarter of the just-concluded fiscal, Ind-Ra said it believes the overall revenue would decline by 4 per cent in FY21, followed by growth of 15-20 per cent y-o-y (year over year) in FY22.
by Sawon Banerjee | May 7, 2021 | News
Tata Steel, during the last quarter of Financial Year 2021, records a 16% jump in sales at 4.67 million tonnes with crude steel production flat at 4.75 million tonnes. Tata Steel India reported an annual sales volume of 17.30 million tonnes in FY21, up by 1% year on year (yoy).
“Full-year FY21 production was lower by 7% yoy primarily due to the disruption caused by COVID-19 pandemic during the first half of FY 21. Domestic deliveries increased 22% yoy to 4.17 million tonnes on the back of company’s robust marketing network and improved market conditions,” the company issued a media statement.
As per Tata Steel, automotive & special products segment sales grew by 13% quarter-on-quarter (QoQ) and 57% yoy to 0.78 million tonnes in Q4 of FY21. Full-year FY21 sales volume crossed 2 million tonnes, registering a 7% YoY growth. Industrial products & projects’ segment deliveries grew by 11% yoy to 1.59 million tonnes.
by Sawon Banerjee | May 7, 2021 | News
A series of infrastructure developments, improved connectivity, conducive government policies and initiatives from trusted developers are all set to make New Gurgaon as a realty hotspot in the Delhi-NCR region post COVID. New residential project launches would continue to dominate the realty market in 2021 and with major developments like an urban transit system including the Delhi-Faridabad metro link, construction of the ambitious Delhi-Mumbai Industrial Corridor, revamping of Southern Peripheral Road, the revival of green belts, among others, New Gurgaon is ready to create real estate’s growth story in 2021.
The region is surrounded by Delhi on one side and Neemrana (Rajasthan) on the other. Easier access to Delhi’s Indira Gandhi International Airport, New Delhi railway station, Huda City Centre metro station and better road connectivity with National Highway 8 along with expressways are responsible for real estate growth in the region. Furthermore, the regional rapid transit system, mass rapid transport system and orbital rail alongside the Kundli-Manesar Expressway will be a shot in the arm for connectivity.
The realty market is gradually recovering from the COVID and witnessing increased demand from buyers. The success of such projects can be gauged from the fact that India’s leading real estate developer DLF sold 376 ready-to-move-in luxury flats worth ₹700 crore of its latest offering – ‘The Ultima’ which is spread over 22 acres at New Gurgaon.
Well-planned projects like DLF Gardencity include various residential offerings like The Skycourt, The Primus, New Town Heights and Regal Gardens that have emerged as ideal options and are attracting homebuyers in the region.
by Sawon Banerjee | Mar 8, 2021 | Construction Equipments
Patel Infrastructure Ltd, an established construction, development and maintenance service company created a history for a World Record by completing 1.28 km of and 8-Lane (2.56 km stretch of 4 lanes) Vadodara-Mumbai Expressway Project in just 24 Hrs. The record was established with Wirtgen SP 1600 Slipform Paver which is the World’s largest Concrete Paver with paving width of 18.75 m in single pass.
The World record has been achieved in four categories and is recognized by both the India Book of Records and the Golden Book of World Records.
- Highest Quality Pavement Quality Concrete in 24 hours
- Largest Quantum of Concrete produced by Ready Mix Concrete Plant in 24 hours
- Laying of Pavement Quality Concrete continuously in 24 hours
- Area of Rigid Pavement Quality Concrete laid in an Expressway in sq. mtrs. in 24 hours.
The job started at 8 am on February 1, 2021 and was completed by 8 am the next morning totaling 2.58 km each in four lanes, with a width of 18.75 meters, covering an area of 48,711 square meters. The record is part of the greenfield Delhi-Vadodara-Mumbai, 8-lane expressway project developed by NHAI and is being carried out by the world’s largest fully automatic ultra-modern concrete paver machine- SP 1600 Slipform Paver by Wirtgen.
The job started at 8 am on February 1, 2021 and was completed by 8 am the next morning totaling 2.58 km each in four lanes, with a width of 18.75 meters, covering an area of 48,711 square meters. The record is part of the greenfield Delhi-Vadodara-Mumbai, 8-lane expressway project developed by NHAI and is being carried out by the world’s largest fully automatic ultra-modern concrete paver machine- SP 1600 Slipform Paver by Wirtgen.
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Speaking on achieving the accolade, Mr. Arvind Patel, Managing Director, Patel Infrastructure Ltd said, “We are ecstatic to have achieved this colossal task and be a part of the history books in the Indian road construction industry. The nature of constructing a civil project involves many factors that are to be aligned. We endeavoured not to set benchmark only in the segment of road and highway construction but to also do so in a responsible manner.”
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Ramesh Palagiri , Managing Director & CEO Wirtgen Group in India said, “We are very happy to be associated with Patel Infrastructure Ltd. for this world record.”
The WIRTGEN GROUP is the world market leader in concrete paving machines. The SP 1600 is its flagship paver which is in operation in India over past 20 years, building several highways and prestigious projects like the Yamuna Expressway, the Eastern Peripheral Expressway and more recently the Samruddhi Expressway.
Over the past 20 years, we have accomplished technical innovations in our products and have built application expertise in concrete paving.
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For further information,
visit: www.wirtgen-group.com/india
