The Indian Construction Industry in general faces a huge dichotomy, neither is it valued overseas, other than as a source of labour resources, nor is it valued at home, because of fragmentation and poor practices, and yet the potenÂtial is huge.
Tag: EPC
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Tight liquidity scenario and toll non-compliance governed the road sector performancey
As against the target of 9,000 kms, during the first six months of 2012-13, NHAI managed to award only six projects. These six projects incÂluded two large-scale projects – Mega Maharashtra Highway (484 kms; Amravati-Jalgaon-Gujarat) and WalajÂahpet PoonÂamallee (93 kms). However, these projects were bid out at seemingly aggressive prices.
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Infrascape 2013 | Great opportunity in 2013
Most of the contracts in the Infrastructure sector are long lead time projects with significant investments. WhicÂhever customer of ours in these industries that we speak to, they all have experienced the effects of overall economic slowdown and the difficulty in getting funds for these projects. Larger projects such as in the power sector or in the road construction have continued to face problems in land acquisition and obtaining all the governmental clearances.
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Phase it: The fourth is a challenge
Highways will continue to be sluggish until the unattractive Phase IV projects are completed. With the road sector is poised to undergo a further change in the coming years, the industry as a whole, needs to continue tapping the advantages of road transportation more efficiently and optimally than ever before, writes Bhavik Damodar. The road transportation sector continues to struggle to cater to the countryÂ’s size and widely spread consumption hubs.
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The bidding process is good for small, medium and large players
Banks’ new stipulation of 100 per cent land availability for highway projects, along with poor response from bidders and financial closure difficulties among concessionaires, have hampered the awards and implementation, says JN Singh, Member—Finance, NHAI, in an interview with Sumantra Das. Major reason behind this is the poor responses from the concessionaires and in some of our bids (about 7-8) we haven’t even find any bidder. Secondly, banks also are asking our 100 per cent land availability
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Slowdown hits NHAIÂ’s projects
The National Highways Authority of India (NHAI) awarded a whopping 49 projects totalling 7,500 km last fi nancial year. But this fi scal, in the fi rst six months, the authority has managed to award just four projects measuring 560 km. NHAI attributes this situation to eco-denomic slowdown. Infrastructure companies, who grabbed every road project on offer last fi scal, are now not showing interest to take up these projects. None of the projects awarded last fi scal was on engineering, procuremen
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Gamesa to foray into solar EPC
Ramesh Kymal, Chairman and Managing Director, Gamesa India, intends to set foot in the engineering, procuÂrement and construction (EPC) space of solar projects in order to diversify its revenue stream. Noting that wind energy would remain the core business of the company, Kymal said it wanted to also explore the possibility of harnessing solar power at its wind farm
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The PPP-EPC Cycle
Periodically alternating between promoting PPP-led projects and more controlled EPC may circumvent investor interest uncertainty.
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The renewed imperative for projects
Is the government going slow on PPP projects? More infrastructure projects are being commissioned in the country on EPC
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EPC’s short term quality makes it attractive
Whether the defect liability clause is faulty or not, whether L-1 continues to be debated as the sole criterion in government awards