Product Launches at Excon: Mahindra

Mahindra & Mahindra Ltd., part of the $19 billion Mahindra Group, announced expansion of its existing range of backhoe loaders with the launch of its first higher horse power variant – SX90 under the aegis of its established brand EarthMaster. Speaking at Excon 2017, Vinod Sahay, CEO, Truck and Bus Division and Construction Equipment Division, Mahindra & Mahindra Ltd. said, “In line with Mahindra’s vision to provide comprehensive range […]

Product Launches at Excon: LiuGong

LiuGong India, a 100% subsidiary of Guangxi LiuGong - World’s Largest Manufacturer of wheel loaders, proudly announces the launch of 2 All New Products - 921D I Excavator & 611 Compactor. Mr. Wu Song, Managing Director, LiuGong India said, “LiuGong India is proud to launch 2 All New machines – (921D I Excavator & 611 Compactor) to provide a complete range of Excavators & Compactors to Indian Customers, designed to meet Any Challeng […]

Product Launches at Excon: BKT

BKT, the multinational Off-Highway tire manufacturer headquartered in India, made the most out of the 9th edition of Excon. It displayed a tire line, which has been specifically developed to favor the best weight distribution on the ground for dumpers, loaders, dozers, graders and some multi-purpose vehicles. Right at the forefront, there is Earthmax SR 45 in size 18.00 R 33, an ideal tire for rigid dumpersoperating even on the harshest grounds. An essential fe […]

Product Launches at Excon: CASE

CASE Construction Equipment, a brand of CNH Industrial, unveiled its latest new products - the 752EX Vibratory Tandem Compactor, 770EX OL Only Loader, and upgraded PRO Series Backhoe Loader - at the 9th edition of EXCON. CASE also displayed for the first time the 2050M Dozer and 1107EX Soil Compactor, in addition to graders, skid steer loaders and backhoe loadeRs  This wide range of equipment illustrates the brand’s ability to cater for activities as […]

Product Launches at Excon: ECE

Escorts Construction Equipment (ECE), the construction and material handling equipment manufacturing arm of Escorts Ltd., launched India’s safest Pick-n-Carry Crane, CT Smart 15, at the EXCON 2017 in Bengaluru today, along with best-in-class (Performance, Productivity & Reliability) Soil Compactor 3212 in 12-ton class and upgraded Hydra series pick and carry crane. Unparalleled in safety, the newly launched CT Smart 15 Crane, has unique anti-toppling […]

Product Launches at Excon: SDLG

SDLG has launched two new compact wheel loaders in India at Excon 2017, the country’s largest construction equipment trade show. The 3-ton-rated L936L and 4-ton-rated LG946L wheel loaders were unveiled during a customer event on the afternoon of 13th December at the Bangalore International Exhibition Centre. The two new wheel loaders, already available in other Asia-Pacific markets, are displayed at SDLG’s outdoor booth 24 alongside the brand’ […]

Product Launches at Excon: Eicher

Eicher Trucks & Buses; the leading brand from VE Commercial Vehicles showcased its entire range of Heavy duty Pro series trucks for Construction & Mining at Excon 2017 - which includes the flagship Pro 8031XM tipper and Pro 8049 Tip Trailer for Construction, is pushing the limits on service levels, setting a new benchmark in Construction segment. Speaking at the press conference held at Excon 2017, Vinod Aggarwal – MD & CEO, VE Commercial Vehi […]

Product Launches at Excon: Volvo

The Co.’s highly-anticipated new EC200D excavator joined a host of other machinery on the Volvo CE booth at Excon 2017 in Bangalore. Volvo CE featured a wide spectrum of industry-leading products at Excon 2017, the largest construction equipment exhibition in South Asia this year. The move highlighted the Co.’s strength in depth as well as the superior productivity of its machines. Volvo CE also celebrated the Co.’s 20th anniversary in India. […]

Product Launches at Excon: Tata Hitachi

This year, Tata Hitachi’s stall theme showcased the Co.’s commitment to the theme of Chalo Desh Banaye. The launches at the Tata Hitachi booth included ZAXIS140H: the latest addition to the GI series, promising unbeatable performance. The quarry variant of EX210 Super – with a heavy duty track chain, rollers, idler and re enforced bucket and front attachment links. EX210 Super with an indigenous super long front attachment, redesigned and stre […]

Product Launches at Excon: L&T

As part of the ambitious Make in India campaign, the engineering giant Larsen & Toubro Ltd. has proudly launched 3 new machines in the road construction segment at Excon 2017. All these machines have been developed inhouse by L&T at its Product Development Centre in Coimbatore and manufactured by L&T Construction Equipment Ltd., a wholly owned subsidiary of L&T. The models were unveiled at L&T Pavilion in the outdoor area in Excon 2017 by ke […]

Product Launches at Excon: JCB

JCB India Ltd., India’s leading manufacturer of Earthmoving & Construction Equipment, showcased an exciting line up of innovative and intelligent machines at the Excon 2017. Known for products with state-of-the-art technology and innovation in design, JCB India is now leveraging digital technology by integrating Big Data and Internet of Things in its products and services. The new range of intelligent machines exhibited the blend of technology and dig […]

Excon Positions India As Global CE Manufacturing Hub

CII recently organised Excon 2017 – South Asia’s largest construction equipment exhibition from 12-16 Dec’17, at the BIEC, Bengaluru. With a gross display area of 2,50,000 sq.m., the 5-day international exhibition would have 925 exhibitors including 275 CoS from abroad. The event attracted over 40,000 business visitors from across the globe. Anant G Geete, Hon’ble Union Minister for Heavy Industries and Public Sector Enterprises, was t […]

THE “KIDS” OF THE MB CRUSHER FAMILY

Waste and residues - once materials to be disposed of - are now transformed by MB into a new source of profit, with significant environmental benefits.

 
Until recently, nobody had thought of this. Then along came MB Crusher, who designed and produced machinery that transforms loaders, skid loaders and backhoe loaders into mobile crushing and screening tools.
[…]

A “Rolling Contract” for Road Development: Government

The government is considering offering a “rolling contract” for road development that will see toll collection end ahead of the contracted period if the investment and profit has been recovered, in order to blunt criticism that surfaced over Delhi-Noida-Direct (DND) flyway and Delhi-Gurgaon projects. 
Conversely, the contract period may be extended if the contractor, due to certain circumstances, is […]

Stainless Steel Output to hit 3.6 MT

“The production of stainless steel in the country at the end of the calendar year 2016 was 3.3 million tonne,” at present, the industry are growing at a rate of 8-9% YoY, President of Indian Stainless Steel Development Association K K Pahuja told, citing data collected by the International Stainless Steel Forum. Growth is in response to the rising demand for stainless steel, mainly from sectors such as auto, roads and highways, housing and the like, […]

Kirby & Trimble to Provide High Quality PEB Structures

Trimble Solutions India announced that Kirby Building Systems will further invest in Tekla Structures as its preferred BIM software. Kirby is a pioneer and global leader in PEB industry and the co. will use Tekla Structures to deliver constructible projects that are accurate, cost-effective. Tekla Structures is the flagship product for the buildings construction industry from Trimble and is also the global industry leader in its category. Kirby Buildings System […]

Phase I of Delhi-Meerut Expressway to be Ready Next Month

The first phase of India’s maiden 14-lane highway will be completed next month, road transport and highways minister Nitin Gadkari said after inspecting the progress of the Delhi-Meerut Expressway project. 
The entire 96-kilometre expressway will be completed by 2019, the minister said. 
The expressway is being built by the road transport and highways minis […]

Adani, Hindujas Join Race for Jaypee Infra

The move comes as Jaiprakash Associates, which holds a majority stake, has been virtually ruled out of the race to stay in control of the co. facing insolvency proceedings. Jaypee Infratech is yet to deliver around 25,000 flats in Noida and also manages the Taj Expressway that connects the Delhi suburb with Agra. JSW had earlier submitted a joint proposal with Jaiprakash Associates and was in talks to acquire around 30% stake. Sources told TOI that the fresh of […]

EXCON 2017 from 12-16 Dec’17

EXCON is South Asia’s largest construction equipment (CE) and construction technology exhibition. This year marks its 9th edition and is taking place in Bengaluru from 12-16 Dec’17. Organized by the CII, the event will witness over 1000 exhibitors, a 3rd of which will be from abroad, in a display area of 26,00,000 sq.m. This 5-day exposition will  host over 300 product launches, key industry conferences and  > 40,000 business visitors f […]

IL&FS Bags Rs 582 Cr Project in Maharashtra

The company has received a LoA for a road contract from IL&FS Transportation Networks Limited, IL&FS Engineering and Construction Company said in a statement. Total value of the contract is Rs 581.96 Cr and completion period is 21 months, the company said. The work involves 4-laning of Amravati-Chikhli section of NH-6 in Maharashtra, it said. The Co. further said it is currently working on Rs 5,012 Cr worth road projects across India. The company execut […]

3 Cos to Invest Rs 1,640 Cr in 3 Parks in Odisha

Jindal Stainless Steel will set up a downstream stainless steel park at Kalinganagar at an investment of Rs 704 Cr. The plant will have around 71 small & medium units in sectors like auto manufacturing, kitchenware, light engineering, pipes and tubes and service centres. Land requirement for the said project is 300 acres. This project has the potential to generate 4,800 jobs, including 3,600 direct and 1,200 indirect jobs. Gitanjali Infratech proposes setti […]

Omkar Realtors Launch 1,200-Apartment Project

The renowned real estate builder of national repute, Omkar Realtors has recently launched its biggest post RERA Act 2016 residential launch and the builder is witnessing overwhelming response from buyers from across the country to buy residential units in Mumbai. With upcoming infra developments such as metro, mono rail, new link roads connecting the East-West Corridors, the metropolitan city of Mumbai is seeing an increase in the no of people planning to buy a […]

SBI is Exploring Ways to Expand Loan Growth

SBI is exploring ways to expand loan growth to sectors such as railways, roads and renewable energy, which are attracting higher public spending, chairman Rajnish Kumar said. India’s largest lender is also looking at investment opportunities in financial technology, or fintech, start-ups, Kumar said in an interview. The recapitalisation of public sector banks, for which the govt has announced a Rs 2.11 trillion plan, along with higher public spending on I […]

Cement: Cumulative Production Declined 1.6% During Apr-Oct’17

The cement industry is going through a difficult phase as prices continue to remain depressed amid low demand. Analysts and manufacturers now expect any reversal to occur in the next quarter of the fiscal (Jan-Mar) against an expected rebound in the present quarter. A part of the 8 core industries, cement production has declined 2.7% in Oct’17 over the same period previous year, according to the commerce ministry. Its cumulative production declined 1.6% d […]

Cement Sector Disappointed With New GST Rate

Cement industry is disappointed that GST Council meeting at Guwahati has not brought any rate relief to it. Belying expectations, the GST rate for the cement industry continued to be pegged at 28% even after the Guwahati meeting of the GST Council.. S Chouksey, President, Cement Manufacturers’ Association, said in a statement, “The Indian cement industry finds itself retained in the 28% GST bracket, along with luxury items such as washing machines a […]

SAIL Targets 16% Market Share

“For SAIL, the new marketing strategy, with customer-retention through enhanced customer experience as its mantra, is a way-forward to consolidate its market leadership,” Chairman P.K. Singh said. The govt’s ‘growth-oriented policies and its focus on augmenting Infra through improved rail, road and air connectivity, and investment in ports and inland waterways, as well as the Make-in-India drive’ all translate into increased demand […]

SC Bans Pet coke

Supreme Court (SC) banned the use of pet coke and furnace oil on 24 Oct’17, in the states of UP, HR, RJ with effect from 1 Nov’17, in order to fight pollution. CoS which are expected to be impacted are Shree Cement, JK Cement, JK Lakshmi Cement, Ambuja Cements, India Cements and ACC, given their usage of pet coke levels, especially in these particular states. As per media sources, if the CoS resort to the international coal (~15% expensive than pet […]

Accidents at Workplaces in India Under Reported

Expressing concern over ‘under-reporting’ of accidents at workplaces in India, the British Safety Council (BSC) has said that “there is no requirement to report accidents and ill health in many industry sectors.” The BSC, referring to a research paper ‘An estimate of fatal accidents in Indian construction’ by Dilipkumar Patel and Kumar Neeraj Jha, said the construction industry contributes to 24.20% of occupation fatalities, […]

India’s Industrial Production Up 3.8% in Sep’17

Industrial production based on the general IIP expanded 3.8% YoY in Sep’17 against a 2.5% growth recorded in Sep last year. Quick estimates of IIP released by the CSO showed. Industrial production recorded a cumulative growth of 2.5% for Apr-Sep’17 period. Production in the mining, manufacturing and electricity sectors recorded growth rates of 7.9%, 3.4% and 3.4% for September 2017. The 3 sectors recorded cumulative growth rates of 3.9%, 1.9%, 5.7%, […]

BEML Looking to Produce Underground Mining Equipment in Durgapur

State-owned Bharat Earth Movers Ltd. is looking to get into the manufacturing of underground mining equip. The defence public sector utility’s construction & mining vertical mostly manufactures open cast mining equipment. According to BR Viswanatha, Director, Mining and Construction, BEML, the plan is to use the now closed mining machinery facility of Mining and Allied Machinery Corporation (MAMC) in Durgapur for manufacture of these equipments. The c […]

BKT Plant Receives SQEP Silver Award for Supplier Quality Excellence Process

Balkrishna Industries Ltd.’s Chopanki, India, also known as BKT, received the prestigious SQEP Silver Award for Supplier Quality Excellence Process Certification at an official ceremony in Seregno, Italy, on 15 Sep’17. Caterpillar  bestows the award on suppliers that “are able to achieve the highest levels of quality and process control,” says BKT. The Indian tire manufacturer not only joined Catepillar’s “Program for Ex […]

Equipment CoS Breathe Easy After GST Cut

Reduction in the GST on mining and construction equipment to 18% from 28% will help support infra development across segments. It is a big relief for most of the industry. But for 15%of the products, the rate continues to be 28%. Pre-GST duty was under 20%. Sales declined 35% in Jul’17 due to GST implementation. However, things returned to normal and the overall growth was not affected as the industry grew 19%in Q1 and 22% in Q2. And the industry will sus […]

Road CoS Hit Fast Lane on Govt Spend

Construction equipment sector is on a roll following the massive govt push on roads through projects like Bharatmala for highway construction and PMGSY, which aims to improve rural connectivity. The investment in road sector is expecting yearly growth of 20% over the coming years, triggering demand for construction machinery and vehicles. Investment cycle has started with road sector construction equipment industry to grow at a compounded annual growth rate o […]

SBI’s Construction Equipment Loan Scheme

In a bid to expand their businesses, MSME sector always has requirement for working capital. From manufacturing to trading to services, different businesses have requirement for funds to generate more revenue, expand and generate employment. One of the sectors which needs funds on a timely basis is Construction. SBI’s Construction Equipment Loan Scheme is helping entrepreneurs making it big in life. Sanjay Srivastava, General Manager, SBI, said, “Ma […]

SREI Equipment Finance Files Draft Papers With SEBI for IPO

Srei Equipment Finance Ltd, a wholly-owned subsidiary of Srei Infra Finance Ltd, in Nov’17 filed its so-called draft red herring prospectus (DRHP) with the SEBI for an IPO. According to the DRHP, the share sale includes a fresh issue of Rs 1,100 Cr, while Srei Infra Finance will offer 4.4 mn shares in an offer for sale. Srei Equipment Finance offers loans for purchase of equipment for construction & mining, earthmoving, material handling, road constru […]

Dubai Makes Way for Renewable Energy Crowdfunding

DP World and Dubai Carbon Collaborate to Facilitate Crowdfunding for Renewables Energy 

DP World and Dubai Carbon Centre of Excellence (DCCE) signed an agreement to use crowdfunding, and innovative Fintech tool, to power the retrofitting of warehouses in Mina Rashid. The agreement was signed by Nabil Battal, Global HSE Director of DP World and Ivano Iannelli, CEO, Dubai Carbon on October 23rd at the19 […]

SANY India Hands Over SANY Piling Rig SR285 to J. Kumar Infraprojects for Mumbai MetroPproject

SANY India, a leading manufacturer of construction, heavy machinery and renewable equipment, today handed over a SANY SR285 Piling Rig to J. Kumar Infraprojects to be used for the prestigious Mumbai Metro project.  
Mr. Deepak Garg, CEO - SANY India handed over the piling rig to Mr. Nalin Gupta, Director, J. Kumar Infraprojects and Mr. Dharmendra Tiwari, Piling Unit Head, J. Kumar Infraprojects near Samata […]

Cooper Corporation Signs MoU with Garden Reach Shipbuilders and Engineers Ltd. (GRSE) for Development of Diesel Engines for Indian Navy & Indian Coast Guard

The association will jointly develop and manufacture efficient, path breaking power supply solutions for the Indian Navy and Indian Coast Guard

 

Cooper Corporation one of India’s leading engine manufacturers, entered into a strategic Memorandum of Understanding (MoU) with Garden Reach Shipbuilders & Engineers Ltd. (GRSE), A Government of India Underta […]

Cement Either Not Sold or Unutilised in India: JK Cements Administrato

With 30 per cent lesser offtake of 430 million tonnes of cement last year, due to slowdown in construction industry in the country, a similar trend is likely to continue this year as well, a top J K Cements official said .
Reports of similar pattern of cconsumption in the first five months of this fiscal from construction industry coming, there will be only 70 per cent of off take of grey cement, the company Adminis […]

Projects Like Bullet Train A Boon for Idle Cement Capacity: CMA

Indian cement sector is sitting on upwards of Rs 60,000 crore of “sunk investment in surplus capacities”, but expects big infrastructure projects like high speed rail corridors, bullet train and their cascading effect to spur demand, says industry body CMA. 
According to the Cement Manufacturers Association (CMA), the industry has 100 mt (million tonnes) of excess capacity and so, it is in a comfort […]

JSW Cement Commences Manufacturing of Concreel HD Cement at its Dolvi Unit; Announces Expansion

JSW Cement has commenced manufacturing of Concreel HD cement at its Dolvi unit in Maharashtra, a move that will help the company expand its retail presence in West India. 
The cement division of the Sajjan Jindal-led JSW Group is also increasing capacity at its Dolvi plant from 1 MTPA to 2.2 MTPA by 2018, and will further expand it to 4.5 MTPA by 2019. 
The produ […]

Cement Prices Jump Rs 12 Per Bag in Q2 FY18: Report

Retail cement prices jumped by Rs 12 per bag in the second quarter of this fiscal, with a sharp rise of Rs 36 in west and Rs 15 in south on a year-on-year basis, owing to rising production costs, a report said. 
Cement companies will continue to bear the brunt of higher pet-coke prices that increased 13 per cent q-o-q to USD 96 per tonne in Q1 FY18, Kotak Institutional Equities Research Analyst Murtuza Arsiwall […]

Cement Demand Growth Expected to be Around 3.5%-4% During FY18: ICRA

Cement demand growth is expected to be around 3.5%-4% during the current financial year, a downward revision against the earlier estimate of 5% as there has been a delay in the revival of cement demand during the first half of FY2018, ICRA said. 
The demand is expected to rebound from Q3 of FY18, according to the ratings agency even as Q2 is expected to be muted owing to the monsoons and GST implementation issu […]

Rebound of Cement Demand Delayed to 2018: ICRA

As cement offtake remained weak in the first half of the current fiscal ending September, ratings agency ICRA forecasts demand to bounce back from the last quarter, pinning hopes on housing and infrastructure to revive demand. 
As the Real Estate Regulatory Authority (RERA) affected real estate activity, with sand shortage and GST implementation compounding problems for the cement sector, the ratings agency has […]

Haldiram’s Factory to be rebuild by Jindal Mectec after Fire Loss

Approx. 20,000 sqm Rockwool Panel project for Haldiram Snacks Pvt. Ltd, Noida

Jindal Mectec Pvt. Ltd, the largest Insulated Sandwich panel manufacturing company of India has secured an order from Haldiram’s, a leading food and snack manufacturer having operations pan India, to rebuild its packaging and manufacturing unit by using Rockwool panel.

The project involves supply and installation of approximately 20,000 sqm fire r […]

Haldiram’s Factory to be rebuild by Jindal Mectec after Fire L

 Approx. 20,000 sqm Rockwool Panel project for Haldiram Snacks Pvt. Ltd, Noida

Jindal Mectec Pvt. Ltd, the largest Insulated Sandwich panel manufacturing company of India has secured an order from Haldiram’s, a leading food and snack manufacturer having operations pan India, to rebuild its packaging and manufacturing unit by using Rockwool panel.

The project involves supply and installation of approximately 20,000 sqm fire resistan […]

Mr. Alireza Moghaddam, Chairman, AMIDT Group

INVESTING IN UPCOMING MARKETS A GOOD IDEA?

 

The first half of 2017 has seen exchange-traded funds investing in stocks from developing nations as Brazil, China, India, Mexico and Russia have taken in $10.5 billion in new money. With $127.8 billion in total assets, one-twelfth of all the money in these funds has come in over the past 90 days.

Much of that, presumably, is in hot pursuit of high recent returns […]

KOREAN CRISIS AND ITS EFFECT ON THE GLOBAL METAL MARKET

International stability faces a growing threat from an aggressive and heavily militarized Democratic People’s Republic of Korea (DPRK, North Korea). For a variety of reasons, U.S. policy has failed to contain Pyongyang’s outsized ambitions to build nuclear weapons and delivery systems that can credibly threaten U.S. allies and military interests in Asia and ultimately the continental United States. Even though the program appears to be gathering mom […]

LANXESS India Wins the TRILA Award for the Category ‘Company of the Year - Rubber Chemicals’ for Second Consecutive Year

Specialty chemicals company LANXESS LANXESS India has once again won the Company of the year Award under the Rubber Chemicals category in the recently held Tyre & Rubber Industry Leadership Acknowledgement (TRILA) awards in Chennai on 12th July, 2017. LANXESS India had won this recognition in the year 2016, as well.
Dr. Arup Kumar Chandra, Head Special Projects – Apollo Tyres Limited, presented the award t […]

Coal Auction in India do Not Get Another Chance

Independent power generators that do not participate in the announced auction for coal supply or do not offer any discounts on existing tariffs will not get another chance to secure long term coal supply contracts from Coal India, the company has decided. 
Coal India will hold two separate auctions to ensure coal supplies for independent power producers. One would be for those with power purchase agreements, es […]

Illegally Iron Ore Extracted in Goa Worth Rs, 1900 Crore

The Comptroller and Auditor General (CAG) report has pointed out that overall Rs 1,900 crore worth illegal extraction of iron ore was reported in the state between 2009-16 in violation of the mining plan and environment clearances (ECs). 
The performance audit on systems and controls in collection of minerals receipts has revealed a number of system and compliance deficiencies, the CAG report which was tabled o […]

Tata Steel Chairman N Chandrasekaran Defends Acquisition of Corus Steel

Tata Steel chairman N Chandrasekaran today defended the acquisition of Corus Steel in the UK and said all allegations were incorrect as the decision was one of the long-term strategies to grow through international acquisitions. 
Addressing the 110th annual general meeting (AGM) here, Chandrasekaran said during the second-half of the previous fiscal, the company had faced challenges owing to leadership change a […]

Tata Steel Should Focus on Domestic Market to Reduce Debt:

Tata Steel chairman N Chandrasekaran has said India will be a “focus market” in the near term with domestic steel demand tipped to grow at a significantly higher rate of 6-7% over the next two years. 
Addressing the company’s annual general meeting as chairman for the first time, Chandrasekaran said while he expects steel demand in the Euro zone to be “mildly positive”, the company […]

Tata Steel India, Europe Profitability to Sustain in FY18: S&P

Positive performance by tata steel during the first quarter of 2017-18 is on expected lines and profitability will be sustained in the current fiscal, S&P Global Ratings.
“The healthy profitability at India-based Tata Steel Ltd (BB-/stable) is in line with our expectations and supports the company’s credit quality,” S&P Global Ratings said in a statement. 
[…]

Tata Steel Chairman N Chandrasekaran Defends Acquisition of Corus Steel

Tata Steel chairman N Chandrasekaran today defended the acquisition of Corus Steel in the UK and said all allegations were incorrect as the decision was one of the long-term strategies to grow through international acquisitions. 
Addressing the 110th annual general meeting (AGM) here, Chandrasekaran said during the second-half of the previous fiscal, the company had faced challenges owing to leadership change a […]

Tata Steel sees UK Pension Scheme Soon

Tata Steel is hopeful of “shortly“ reaching a final agreement on a deal to separate its UK pension scheme from its businesses, a development that could pave the way for potential merger of its European businesses with German steel producer Thyssenkrupp 
While Tata Steel and Thyssenkrupp have been in talks to merge their European steel businesses for nearly a year, experts believe Tata Steel’s […]

Construction Equipment Sale May Grow 15 Per Cent on Infrastructure Push

Sales of construction equipmentare expected to grow 10-15% to a record high in 2017, driven by the government’s focus on infrastructure building. Sales of equipment such as backhoe loaders, excavators, earth moving machines and pick-n-carry cranes had peaked in 2011at 52,500 units. Volume came close to that last year. 
The growth expected in the segment this year will come, said industry executives, despi […]

L&T, Reliance Infrastructure to Bag Mumbai Metro Orders of rs 1,300 Crore

Larsen & Toubro and Reliance Infrastructure are set to bag orders worth Rs 1,300 crore each for Mumbai metro project jobs, people close to development.
The Mumbai Metropolitan Region Development Authority (MMRDA), the nodal agency for the metro projects, opened bids for four packages to be awarded under Line 2B, which con nects DN Nagar to Mandale, and another five packages under Line 4 for the Wadala to Kasarva […]

Bengaluru, Hyderabad Most Active in Office Space

IT hubs such as Bengaluru and Hyderabad remained the most active office markets in India in the second quarter of 2017, despite deferment of supply, subdued business sentiments and recent layoffs by technology companies. 
According to property consultant JLL India, the Karnataka and Telangana capitals accounted for about 47% of the total office space leased among the country’s top seven cities in the Apri […]

Pop-Up House May Solve All Your Real Estate Problems

Rajat Kukreja, the founder of Cuckoo Hostel ¬ a community living and learning space in Bengaluru ¬ has been living in a house that cost just Rs 50,000 to build.
His 100-sqft micro home has amenities including a bed, study table, basic electric connection and appliances.
In the summer, the house remains cool due to the materials used, not to mention the smartly desi […]

Godrej Properties’ Sales Jump Over 3-Fold; Debt Dips

Mumbai-based Godrej Properties Ltd (GPL), the realty arm of the Godrej Group, achieved its best ever quarterly sales in housing segment at Rs 1,472 crore in the quarter ended June. The commercial segment contributed only Rs 2 crore to overall sales bookings, according to its investor presentation. 
In terms of area, the company’s sales booking jumped over three-times to nearly 1.8 million sq ft during the […]

NSR’s Chachondia May Helm Brookfield’s Tower Business in India

Sanjeev Chachondia, operating partner of PE firm New Silk Route and a former CEO of Loop Mobile, is reckoned to have emerged the frontrunner to lead Brookfield Asset Management’s tower business in India. 
Chachondia may soon be named CEO of the Canadian alternative asset management fund’s tower business in India, which to start with will be a special purpose vehicle (SPV) set up for the company&rsqu […]

JSW Steel to Set Up A Slurry Pipeline From Coastal Karnataka to Vijayanagar

JSW Steel Board of Directors has given an approval to set up a Slurry Pipeline to transport iron ore from coastal Karnataka to the Vijayanagar works at an investment of Rs 2,100 crore. 
JSW Steel has been operating its 12 million tonne per annum (mtpa) integrated steel plant at Vijayanagar works in Karnataka. The plant has been set up with substantial investments relying upon consistent supply of iron ore at a […]

Domestic Non-Ferrous Metal Companies Likely to Post Improved Business Returns in Fy18

Domestic non-ferrous metal companies are likely to post improved business returns in FY18 compared to FY17 with current buoyancy in metal sales realisation expected to hold steady during the remaining part of the year, ICRA research has said. Prices strengthened in the last five months of FY17 and fluctuated within a narrow band around the peak levels in Q1 FY18. Consequently, […]

Power Plants seek Coal India’s e-auction Calendar

Power plants holding longterm power purchase agreements with consumers have asked Coal India  for a 12-month e-auction calendar, to help them plan operations better. 
A company with power supply agreements has to supply power when the consumer demands, or they must face penalties. 
But Coal India auctions depend on availability after making contracted suppli […]