10 July 2020

Ticker Tape: Construction




The Government of Maharashtra and the Chinese province of Wenzou Province have signed a Memorandum of Understanding (MoU) to promote trade and industry between two states. Under the MoU signed by Prakash Mehta, Industries Ministrer, Maharashtra and Zhao Dianlin, Deputy Secretary General, Wenzou Government at Mumbai’s National Exhibition Center, Maharashtra becomes the sister state of Wenzou. As per the MOU which was signed during the three day exhibition – China Machinex India 2014 and China Home Life India 2014 – the Chinese state will support Maharashtra with the latest technology and machineries. The event also saw the conduct of the first ever China India Investment Summit. Bilateral trade, between India and China has gone up by 8.8 per cent to $52.8 billion till September 2014 which is seen as very encouraging. Indra Mohan, President, India Tech Foundation (ITF) which facilitated the summit said the event would open a new chapter for fresh investment in India’s infrastructure and power sector.







Richa Industries Ltd, a leading construction and engineering company operating in textile, pre-engineered building (PEB), structural steel and turnkey solutions sectors has completed a polymer warehouse for Indian Oil Corporation Ltd (IOCL at Panipat. The warehouse is a division of the Naptha Cracker Refinery spread over an area of approximately 195,000 sq. ft. along with 15 metre top of ridge height. The company has set up its corporate cum registered office in Faridabad, Haryana and has its fully operational state-of-the-art PEB manufacturing plant in Kashipur in Uttarakhand and textile manufacturing plant in Kawnra (Faridabad) in Haryana.







The Ambience Group is planning to invest up to `1,945 crore on two housing projects. The projects to come up in Gurgaon and Noida will offer up to 1030 apartments. While the Delhi based real estate firm will build 280 flats on a 3 acre project in Noida at a cost of `465 crore it will construct 750 apartments at `1,480 crore in Gurgaon. It is reported funds for both projects will be raised through internal accruals and project loans from banks and HDFC Ltd. Construction work for both projects have already begun and is expected to be completed in 4 years.







Supertech has announced launch of an affordable housing project in Haryana. 'Basera will come up in Gurgaon Manesar Urban Complex region and offer flats ranging from `12 lakh to `20 lakh. It is reported the 12.10 acre project will offer 1,976 flats which will be allotted through draw of lots. The NCR based firm has said possession will be given in four years.







Bengaluru-based real estate firm Pashmina Developers has launched a new residential project in the east of the city. Pashmina Waterfront, positioned as an affordable high-rise luxury project, is spread over a 16-acre campus. The first phase of the lakes side   project will comprise 684 apartments coming up in five G+38 residential floor towers. The property will host the tallest residential towers in east Bengaluru that promises 87 per cent open space and 12 acres of greenery. It is reported the property is strategically located near a 8 lane, 220 feet wide expressway on old Madras road. The property is designed by Thomas Associates and being constructed by Shapoorji Pallonji. Phase 1 of the project is expected to be ready for possession by December next year.







The Alembic Group of companies is all set to foray into the Bengaluru real estate market with the launch of luxury apartment project. The company’s real estate arm Alchemy Real Estate will be launching Urban Forrest at Whitefield near Hope Farm Junction, just 2.5 km from the International Tech Park.The project will contain 636 two and three bedroom luxury apartments spread out in four towers over eight acres of land with two acres of amenities and three acres of green space in a lush wooded gated community, it is reported. The Vadodara based Alembic Group has developed over 10 million square feet of land including integrated residential townships, schools, industrial plants, commercial offices and hospitals.






The Government of Gujarat has awarded the Statue of Unity project – the world's tallest statue of  Sardar Vallabhbhai Patel to Larsen and Toubro. The 182-metre tall statue of the national leader will be completed in four years at a cost of `2,979 crore. The scope of work includes the main statue, exhibition hall and convention centre, the bridge connecting the memorial to the mainland. It is reported 75,000 cubic metres of concrete, 5,700 metric tonnes of steel structure, 18,500 steel rods and 22,500 metric tonnes of bronze will be used for the project. Leading construction company Turner Construction, which built Dubai's famous architectural structure 'Burj Khalifa', is a consultant to the project.






Pune based Kolte Patil Developers Ltd has entered into a agreement with Spanish tiles and ceramics major Porcelanosa Group for its award-winning luxury property brand 24K which comprises five residential and two commercial projects. This marks the European brand’s entry into the Indian market. Porcelanosa which is Spain’s most reputable company with 40 years of experience in tiles, ceramics and fittings, will bring its core expertise in porcelain and ceramics with its flagship brand Porcelanosa. It is reported 24K’s association with the Group will also extend to two premier brands – Gamadecor and Noken. Each brand will lend their specialties in categories like kitchen and bathroom fittings to 24K by Kolte-Patil.






Construction major HCC has been awarded `278-crore contract by the Public Works Department of New Delhi. The scope of work involves construction of a 2.3 km flyover parallel to the existing single-carriageway on Rao Tula Ram Marg, a key south Delhi link to the airport, along with construction of an underpass at Benito Juarez Marg and a skywalk. The improvements are expected to decongest the stretch from IIT to the New Delhi airport.  It is reported this is the fourth order within a month and has added `1306 crore to the company’s order book. Earlier, HCC has received two contracts from Ministry of Road Transport and Highway (MoRTH) worth `848 crore and a contract from Himachal Pradesh Power Corporation Ltd (HPPCL) worth `179.90 crore.







A cement grinding plant is being proposed to be set up by Shree Cement at Aurangabad in Bihar. The $54 million facility which has been approved by the state government will have a production capacity of 2 mt per year. It will also have a 12 MW biomass-based captive power plant. It is reported the state government agency Bihar Industrial Area Development Authority (BIADA) has provided 27 hectares of land on lease for the project. The project will provide employment to 300 skilled and unskilled persons.







Leading international property consultancy JLL India has closed a landmark joint development deal between Bangalore-based Puravankara Projects Ltd, Pune-based Oxford Group and Mumbai-based EKTA World, who will jointly develop close to 30 acres of prime residential land in Mundhwa, East Pune. This joint venture arrangement structured by JLL India will yield an expected 2 million square feet of prime residential space. Demand drivers in Mundhwa include the EON IT Park in Kharadi, Magarpatta IT/SEZ development and ready access to Pune's airport and railway station. This project marks the entry of Puravanakara Projects Ltd, one of the most renowned developers of South India, into the thriving West India market. 







Budget hotel player Lords Hotels & Resorts is looking to extend its reach across the country. The hotel chain is planning to set up hotels across tier II and tier III port towns. This includes five new properties in Dahej, Kandla, Rajula, Porbandar and Dwarkadhish. The hotel company owns and manages hotels across Katra, Shirdi, Somnath and in Nepal. It is reported Lords currently owns nine out of the 24 properties under its fold.  The company will also will add four properties in cities such as Agra, Jammu, Maduda in Karnataka and Savli near Vadorara in the next one year.






Kerneos Aluminate Technologies, a leader in specialty cements, is looking to set up a $19 million plant in India by the end of next year. The company has finalised plans to set up a Greenfield unit near Visakhapatnam in Andhra Pradesh – the port based location offers the company the advantage of raw materials imports while serving as a base for exports in the near future. The new plant will produce calcium alumina cement. It will have an initial capacity of 30,000t/ year. The company plans to add a similar capacity at a later stage depending on the rate of product uptake in India. It is reported the   Visakhapatnam plant will be the company’s seventh manufacturing facility worldwide.







Construction Industry Vocational Training Council, New Delhi, has invited tenders for the construction of its training centre “Vishwakarma Tritiya” at village Basatpur, Tehsil- Dhaulana, Dist Hapur, Uttar Pradesh. Tenders will be issued to contractors of repute, with experience of having constructed structures of similar institutions in the past and have a minimum turnover of `5 crore during 2013-14. The approximate cost of the current building is Rs 1 crore. Similar work will be executed over the next 4-5 years. It is reported tender forms will be issued to eligible contractors on payment of `1000/- (non refundable) in the form of DD, drawn in favour of Construction Industry Vocational Training Council and payable at New Delhi. For further details contact Director, CIVTC on email: rjcidc@gmail.com






Saint-Gobain has set up a new glass manufacturing plant at Bhiwadi, Rajasthan.  This is part of the French building materials company’s plan to bolster operations in the north of the country. The facility has been installed with an investment of `1,000 crore. The plant inaugurated by Rajasthan Chief Minister Vasundhara Raje Scindia is now operating at 70 per cent capacity. The company is now planning to ramp up capacity utilisation to 100 per cent in a year.  Saint Gobain has two other plants in the country, one each in Tamil Nadu and Gujarat, and a research and development facility in Chennai.


Leave a Comment

Email Address
(will not be published)