This year was truly a vortex of a perfect storm, yet it has been a year of contrasts. The Indian industry is in dire need of political stability and the strength of leadership at the Centre, but at the same time, India recently overtook China as the most attractive investment destination in the world. This year, foreign institutional investment (FII) is at its peak, having crossed Rs 1 lakh crore.
Tag: EPC
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Govt may increase defect liability period for roads
The government could make builders liable for defects on the main carriageway for five years instead of the present two years. This measure has been said to be taken by the government to ensure that roads are maintained better in the city. The governments proposed move comes after Prime Minister Manmohan Singh´s directive to address issues of quality of roads built under the EPC model.
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Nod to 14 highway projects under EPC mode
As the Union government failed to draw bids under the public-private partnership (PPP) model for road projects, the Union Road Ministry has approved 14 highway projects to be bid under the engineering, procurement and construction (EPC) model to attract private investments.
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Nod to 14 highway projects under EPC mode
As the Union government failed to draw bids under the public-private partnership (PPP) model for road projects, the Union Road Ministry has approved 14 highway projects to be bid under the engineering, procurement and construction (EPC) model to attract private investments.
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Maharashtra mulls EPC model for Rs 93.6 bn project
Media reports indicate that the Maharashtra government considers a proposal to award the Rs 9,360-crore Mumbai Trans Harbor Link project on engineering procurement construction (EPC) model. The state government is considering EPC model after three failed attempts to award it under build operate-tran
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Maharashtra mulls EPC model
The Maharashtra government considers a proposal to award the Rs 9,360-crore Mumbai Trans Harbor Link project on engineering procurement construction (EPC) model. The state government is considering EPC model after three failed attempts to award it under build-operate-transfer (BOT) route.
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L&T bags Rs 1,500 cr EPC contract from Oman firm
Larsen & Toubro has bagged an EPC (engineering, procurement and construction) contract worth Rs 1,500 crore from the Petroleum Development Oman LLC (PDO). The project at the Yibal-Natih gas reservoir in Oman is scheduled to be completed in 39 months. Larsen & Toubro stated this on August 20 in a filing to the BSE. Yibal-Natih is a sweet gas reservoir with recoverable reserves estimated at 90 per cent.
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Kannur airport project gets green nod
The Union Ministry of Forests and Environment granted the environment clearance for the Kannur airport project in Kerala. It will become the fourth international airport of the state, when it comes into operation.
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Essar Projects to offer more services
Media reports indicate that the Ruias controlled Essar Projects wants to diversify its operation beyond the basic engineering, procurement and construction (EPC) services it offers to clients. As part of this strategy, the company acquires a small stake in the projects that it executes for its global client
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There is a need for innovations in road construction technology
Rohit Punjabi, Assistant Director (Strategy and Marketing Department), Liugong India, explains to Sudheer Vathiyath the importance of implementing innovative ideas in road construction activities.