The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
Tag: Construction
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There´s a need to create a pool of professionals
The focus should heavily be on skilling, re-skilling and up-skilling of labour resources. In order to grow and make campaigns like ´Make in India´ a success, the industry needs access to talent that is ´job ready´-talent that needs minimal or no training when recruited for a particular role.
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L&T wins Saudi Aramco order
L&T Construction, through its fully owned subsidiary L&T Saudi Arabia LLC, has bagged an engineering, procurement and construction order from the Saudi Arabian Oil Company (Saudi Aramco).
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Va Tech bags Rs.220-cr project under Ganga Action Plan
Va Tech Wabag, a water treatment company, has won a Rs. 220-crore contract under the Ganga Action Plan Project to build and operate a sewage treatment plant.
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BHEL bags Rs.1202 crore power project order
State-run BHEL has bagged a Rs 1,202-crore order for 370 MW gas-based combined cycle power project in Karnataka.
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We will encourage the PPP model for aviation infra
GUJSAIL CEO Capt Ajay Chauhan speaks on the entity´s plan to develop world-class infrastructure in Gujarat and the advantages that Vibrant Gujarat 2015 will provide for the aviation industry in the State
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5/25 scheme may benefit projects with stable cash flows
We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
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Technip bags -C100 mn ONGC order
Engineering and construction firm Technip, which specialises in subsea construction, has got a 100-million euro contract from Oil and Natural Gas Corporation (ONGC) to build an onshore oil and gas terminal in Andhra Pradesh.
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“We are likely to exceed 5000 km of road length awarded by December 31, 2014”
Vijay Chhibber, Secretary, Ministry of Road Transport and Highways shares his views on the status of pending projects, the financing of projects and the much talked about Road Safety and Transportation Bill
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Story of an engineering art deco
Octamec Engineering Limited founded in 1983 by a dynamic Aeronautical Engineer from Mangalore Mr. Navin Hegde who introduced 1st time ever in India, a marvelous engineering solution which provided a free span column free lightweight engineering structure technology called SPACEFRAMES.