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Government plans waterway freight corridor via Bangladesh to northeastern states

The government is working on a plan to set up a waterway freight corridor to connect the mainland with the northeastern states via Bangladesh at a cost of Rs 5,000 crore. The move would reduce the time taken to transport goods to the eight northeastern states and costs. The proposed 900-km waterway would be used to transport freight from the northern and eastern states to the northeast and would start near ...

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Vatika group to invest Rs 8K cr on township project

Realty firm Vatika group said today the company will invest about Rs 8,000 crore to develop a 224-acre township project in Gurugram over the next seven years. The company will develop 15,000 housing units and 6.5 million sq ft of commercial space in this township project ‘Vatika India NEXT2’. The units to be sold in this township project would meet area norms laid under the Pradhan Mantri Awas Yojana so tha ...

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L&T to construct Terminal 2 of BIAL

L&T said its B&F business has won Rs 3,036-crore order from Bangalore International Airport Ltd (BIAL) to construct terminal-2 of the Kempegowda International Airport. “The scope of work includes design, EPC, testing and commissioning of terminal-2, including the integration of services and utilities along with the airport’s systems, support facilities and buildings,” the construction major said. On ...

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K Raheja Corp fortifies its commitment to green this world green building week (Sept 24 – 30) in partnership with GBCI

‘Our goal is to create sustainable habitats that will stand the test of time.’ Inspired by this adage, India’s leading real estate developers K Raheja Corp, pioneers  in creating green and sustainable workspaces, celebrates one of its core business offering ‘green’, this #WorldGreenBuildingWeek. As a holistic outreach program multiple initiatives have been earmarked through the week: Effective multi-city kn ...

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HCL to spend Rs 5,500 crore on expansion plans

Hindustan Copper (HCL) will spend Rs 5,500 crore over 6 years to expand its production capacity by six times to up to 20 million tonnes per annum (mtpa). HCL has very ambitious expansion plans, the company’s CMD Santosh Sharma said. “We have been working till date with a target of expanding to 12.4 million tonnes of copper ore production per annum. Now we have set our revised target at 20 million tonnes (mt ...

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Birla Corporation to set up greenfield cement plant in Maharashtra

Birla Corporation has announced that its wholly owned subsidiary RCCPL has decided to set up a 3.90 million tonne greenfield integrated cement plant at Mukutban in Maharashtra with a 40MW captive power plant and a 10.60MW heat recovery system. The company said that the RCCPL board has approved setting up the new cement plant, which will take up its capacity from present 5.58 million tonne per annum (mtpa) t ...

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JSPL pockets 20% of Rs 2,500 cr order from Indian Rlys

Private steel maker JSPL has bagged 20% of the Rs 2,500 crore global tender by the Indian Railways to supply long rails. Jindal Steel and Power (JSPL) chairman Naveen Jindal said his company has received 20% of the tender floated by the Railways. Indian Railways had invited the global tender for procuring around 4.87 lakh metric tonnes of rails to meet the shortfall of supply from SAIL. This is the first ti ...

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L&T bags orders worth Rs 1,904 crore

Larsen & Toubro’s construction arm has won orders worth Rs 1,904 crore across segments in the domestic and international markets. Its power T&D business has bagged multiple orders worth Rs 1,723 crore. The business has won an order in the Kingdom of Morocco for the construction of transmission lines to evacuate power from the Midelt solar power station. It has also bagged an order from Egyptian Elec ...

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Rs 44,000 cr freight corridor in the works

The Indian Railways plans to invest Rs 44,000 crore to build a 1,100km greenfield freight corridor on the east coast connecting Kharagpur with Vijaywada. The corridor, which is expected to carry about 200mt of freight per annum, is likely to be announced in the budget proposal for 2019-20. “There is very heavy traffic on this route. The work on the proposal is currently going on,” said Anurag Sachan, MD at ...

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Atlas Copco launches latest high-efficiency oil-injected screw compressor

The latest air compressor in Atlas Copco’s smart AIR solutions portfolio, the GA 90+-160 (VSD+) oil-injected screw compressor range is designed for reduced energy consumption and ease of installation and service. It features state-of-the-art compression elements with Smart Injection technology coupled with highly efficient oil-cooled IE4 and IE5 motors that require no service interventions.  The new Elektro ...

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