by Sawon Banerjee | Sep 7, 2021 | News
Union Minister for Roads, transport, and Highway, Nitin Gadkari announced ₹1,000 crore for new national highways in Uttarakhand and an additional ₹300 crore for the Central Road Infrastructure Fund.
The Union Minister said 42 works costing ₹615.48 crore were sanctioned at the request of the Uttarakhand government under the Central Road Infrastructure Fund. The Uttarakhand chief minister also requested the approval of the construction of a two-lane tunnel for Tehri Lake in Dehradun. He said, “a total distance of 105 km has to be covered by the Mussoorie-Chamba Koti Colony motor road to reach the Tehri Lake from Dehradun, due to which the entire route is in the mountainous area.”
The said tunnel is proposed near Rajpur in Dehradun, which will terminate at Koti Colony near Tehri Lake. The total length of the tunnel will be about 35 km with an estimated cost of the construction of the tunnel amounts to ₹8,750 crore.
by Sawon Banerjee | Sep 7, 2021 | News
Afcons’ 7.78 km and 7.74 km twin tunnels between Kasara Ghat and Igatpuri will be the longest highway tunnel in Maharashtra which begins in Shivmadka village in Hingna tehsil located at a distance of 23 km away from Nagpur, is expected to be completed by the end of September, 2021. The expressway designed for a top speed of 150 km per hour is being built at a total cost of around `55,000 crore.
“This breakthrough makes the north portal connectivity to south portal direct and seamless through the right hand side tunnel. We plan to achieve the final breakthrough by September-end and complete both the tubes,” said Afcons Project Manager, Sekhar Das.
The expressway will pass through 10 districts – Thane, Nashik, Ahmednagar, Jalna, Aurangabad, Buldhana, Washim, Amravati, Wardha and Nagpur, besides giving connectivity at strategic points to another 24 districts of the state’s total 36 districts.
by Sawon Banerjee | Sep 7, 2021 | News
Ultratech plans to invest ₹6,500 crore on a progress plan to increase capacities by 19.8 million tonnes MT in FY 22 and FY 23, stated its chairman Kumar Mangalam Birla. “These expansions, once commissioned, would further strengthen your company’s market share and financial performance,” stated Birla.
“During FY21, your company repaid long-term debt amounting to ₹5,227 crores and also repaid short-term loans as per due dates,” Birla added. “The fiscal stance clearly seems to be poised for an acceleration of government capex in the coming years, especially with the national infrastructure pipeline projects,” Birla stated, including there are very robust alerts of a pick-up within the non-public sector capex cycle, pushed by firms like UltraTech.
“The three factors of cyclical upswing, conducive policy impulses and an improving global backdrop is likely to align themselves to position India for a virtuous cycle of growth and investments in the medium term,” Birla stated. In FY21, UltraTech adopted science-based targets as a part of its local weather dedication to scale back CO2 emission/ MT cement. “The goal is to reduce emissions by 27% till 2032 over the base of 2017. Plans have been articulated to achieve this target,” Birla stated.
by Sawon Banerjee | Sep 7, 2021 | News
The Energy and Resources Institute (TERI) and the Global Cement and Concrete Association (GCCA) India signed an MoU under which the two aim to facilitate and accelerate sustainable development of the cement and concrete sectors, including their value chain partners across India.
“The demand for cement & concrete will only increase in the decades to come due to population growth and urbanization. Therefore, reducing CO2 emissions in the cement and concrete industry is critically important,” said Mahendra Singhi, chair, GCCA India.
“Working with stakeholders across sectors and with civil society will be essential to achieving our sustainability goals – our MoU with TERI will bring world-class expertise, resources, and research that will be invaluable to our industry’s drive to carbon neutrality,” he added. “The Indian cement and concrete industry has made significant reductions to its carbon emissions in recent years. We are excited to work with GCCA India and its membership to accelerate the decarbonisation of the sector and improving sustainable development,” said Dr. Vibha Dhawan, Director General, TERI.
by Sawon Banerjee | Sep 7, 2021 | News
As per the World Steel Association, India rose by 21.4% year-on-year to 9.4 million tonnes (MT) in June. The crude steel output was 6.9 MT steel in the same month a year ago. “The production for the 64 countries reporting to the World Steel Association (world steel) was 167.9 MT on June 2021, an 11.6% increase compared to June 2020, “ the global industry body said in its latest report.
Japan’s steel output increased to 8.1 MT from 5.6 MT in June 2020. The US produced 7.1 MT steel in the month under review. Its output was at 4.7 MT in June 2020. While Russia’s output in June was at 6.4 MT, South Korea produced 6 MT, Germany 3.4 MT, and Iran 2.5 MT. Turkey and Brazil produced 3.4 MT and 3.1 MT of crude steel respectively, in June 2021.
