Page 35 - Construction_Opportunities_September_2024
P. 35

TICKER TAPE

                                                                 RAMCO CEMENTS BOOSTS GRINDING CAPACITY BY
                                                                      NEARLY 1 MILLION TONNES PER ANNUM.
                                                               Tamil Nadu-based Ramco Cements announced recently that
                                                               it has increased its cement grinding capacity by nearly one  CONSTRUCTION
                                                               million tonnes per annum (MTPA). The company achieved this by
                                                               implementing debottlenecking measures at its Kalavatala Plant
                                                               in Andhra Pradesh, raising capacity from 1.5 MTPA to 2 MTPA.
                                                               Additionally, at its Valapady Grinding Unit in Salem District, Tamil
                                                               Nadu, Ramco Cements also enhanced grinding capacity from
                                                               1.6 MTPA to 2 MTPA through similar debottlenecking efforts.
                                                               With these upgrades, the company’s total cement grinding
                                                               capacity has increased by 0.9 MTPA, bringing it from 23.14 MTPA
                                                               to 24.04 MTPA, supported by an investment of `58 crore. The
                                                               company has received the necessary consent to operate from
                                                               relevant authorities for these capacity expansions.
                                                               For the financial year ending March 31, 2024, Ramco Cements
             From Left to Right -                              reported a revenue of `9,349.83 crore. The company operates
             Lalit Agarwal, VC & Co Founder Signature Global India Ltd and   five integrated cement units and six grinding units across India.
             Ani Ray, Managing Director, ACC Pvt Ltd
                                                                  UP TO DEVELOP TWO INDUSTRIAL CORRIDORS IN
            SIGNATURE GLOBAL AWARDS `320 CRORE CONTRACT                       PRAYAGRAJ AND AGRA
            TO ACC INDIA FOR THE CONSTRUCTION OF ITS LUXURY    Recently, the Union Cabinet approved the development of 12
                 RESIDENTIAL PROJECT, “TWIN TOWERS DXP”        new industrial corridors, including two in Uttar Pradesh: Prayagraj
           Gurugram based real estate developer, Signature Global, who has   and Agra. While the Union Ministry of Commerce and Industry
           a focus on realty projects in Northern India has appointed ACC   generally requires a minimum land parcel of 1,000 acres for
           India Pvt Ltd for Civil, Structure and Part MEP work for all the Towers,   corridor development, the Prayagraj corridor will be developed
           Basements and Other Ancillary Buildings for its residential group   on a smaller 352-acre site due to a special request from the Uttar
           housing project in Sector 84, Gurugram, Haryana which is located   Pradesh government.
           along the rapidly developing Dwarka Expressway.     Union Minister Piyush Goyal explained that the Prayagraj corridor
           The LOI dated September 12, 2024 determines the total   will be situated adjacent to the Saraswati Hi-tech City project.
           contract value to be `320 crs. It additional determines that the   The corridor, estimated to cost around `658 crore, is expected
           completion period of the project as 27 months from the date of   to generate approximately 18,000 jobs and attract investments
           commencement of work and 3 months from complete handing   totaling about `1,600 crore. It will be strategically located near
           over of work.                                       National Highway 35, with easy access to NH-30, Prayagraj railway
           On the announcement of the appointment Lalit Aggarwal, Vice   station, Naini station, and Prayagraj airport.
           Chairman, Signature Global said “This is going to be one of the   The Prayagraj corridor will focus on sectors such as e-mobility-
           finest projects that we will be executing and will be a crowning   based automobiles, food processing, leather articles, readymade
           jewel in our portfolio. While I cannot share too many details of the   garments, cycle manufacturing, and packaging.
           project until it is officially launched, I can definitely share that it   In Agra, the designated 1,058-acre site will primarily host non-
           will span four and a half acres and exhibit architectural brilliance.   polluting industries. With an estimated project cost of `1,812 crore,
           Also, it’ll be one of the tallest in the area and Arabian Construction   this corridor is projected to create around 70,000 jobs and attract
           Company, along with their Indian subsidiary ACC India, is known   investments of approximately `3,447 crore. Key sectors for the
           for constructing many prominent towers in the Middle East and   Agra corridor include leather articles, apparel, food processing,
           India, showcasing their proven expertise in delivering this project.   medicine, medical consumables, engineering, and fabrication.
           We have proudly delivered approximately 11 million sq. ft.  across   The Agra corridor will be conveniently located 2 km from the
           projects  and  more  than  30,000  happy  customers  since  our   Yamuna Expressway and NH 19, with Agra Airport 25 km away and
           inception in 2014 and have a robust pipeline too.”  Jewar Airport 140 km from the site.
           On ACCs appointment, Ani Ray, Managing Director, ACC India   Minister Goyal indicated that, pending cooperation from state
           Pvt Ltd said “It’s a privilege to be associated with Signature Global   governments, the corridors are expected to be completed by
           for its Twin Towers DXP project and we look forward to completing   2027. Land acquisition for all corridors has been finalized, and
           the project in the time limit prescribed. It gives us utmost joy   interest from potential investors is already being noted. The
           to build homes for the aspiring and growing population in the   corridors are part of an effort to alleviate congestion in existing
           country. ACC has been associated with landmark projects such as   industrial parks and regions.
           World ONE (84 floors, 285 Meter) of Lodha Developers in Mumbai;   These new corridors will complement the existing industrial
           88 East Kolkata of Tata Housing & Keventers, and The 42 (62 floor,   project at Dadri, Greater Noida, where the Multi-modal Logistics
           255 Meter) besides ongoing projects in Delhi + NCR for DLF, TARC   Hub and Multi-modal Transport Hub projects are already under
           and Unity Group Projects and others across major metros”  construction.


                                                                         SEPTEMBER 2024|CONSTRUCTION OPPORTUNITIES  35
   30   31   32   33   34   35   36   37   38   39   40