JSW Jaigarh Port is planning to set up a 1-km berth container terminal in Ratnagiri. The bidding for this project is in the final stage and the project will be completed very soon. ITD Cementation India,Simplex Infrastructure and L&T are among the shortlisted bidders for this terminal, which is budgeted at around Rs 2,000 crore, according to reports. After the completion of the bidding process, the project is expected to take about two years to come on-stream and so it is expected to be operati
Tag: India
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L and T and Marg Group consider exiting port trade
Larsen and Toubro (L and T) and Marg Group are looking at the possibilities of exiting their port business. These engineering, procurement and construction (EPC) firms bid aggressively for port projects hoping to benefit from a booming economy and fast-growing world trade. But with the slowdown hitting both global and local economies.
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Centre approves Goa road projects
The Central government, at the request of the PWD Minister of Goa and Goa MPs, decided to approve road projects in Goa.
The projects include Canacona national highway bypass which included Galjibag and Talpon bridges, western bypass in Salcete, Dhavli bypass, Ribandar bypass and missing link on NH 17B at Loutolim, etc.
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ADB approves road projects in Phailin hit area
The Asian Development Bank (ADB) has approved Rs 966.75 crore for 484 new road projects to be implemented across 14 districts of Odisha hit by tropical cyclone Phailin and subsequent floods. A total road network of 1,790.37 km will be established in the 14 affected districts. The assistance has been approved by ADB under the third tranche of Pradhan Mantri Grameen Sadak Yojana (PMGSY) for 2013-14.
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Ashoka Buildcon consortium bags Karnataka road project
A consortium of Ashoka Buildcon and GVR Infra Projects (51:49) has bagged a Rs 318-crore road project from the Karnataka government. The project involves improvement of 110 km of stretch. The consortium (51:49) had submitted bid for the project involving design, build, finance, operate, maintain and transfer (DBFOMT) of the state highway from Mudhol to Maharashtra Border.
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Greenko commissions wind farm
Greenko Group commissioned a 50-MW wind farm in Anantapur district of Andhra Pradesh.
The wind farm was built with an outlay of EUR 43 million using Gamesa´s G97 turbines and has a capacity to deliver better performance in an average year. With this, the company´s total installing power generating portfolio has increased to 476 MW.
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Sembcorp to acquire stake in NCC-Gayatri power project
Sembcorp Industries, a Singapore-based energy, water and marine group, has signed a conditional agreement to acquire 45 per cent stake in NCC Power Projects (NCCPP), which is currently building a 1,320-MW coal-fired power plant in Andhra Pradesh for Rs 848 crore. NCCPP is jointly owned by Gayatri Energy Ventures (GEVPL) and NCC Infrastructure Holdings (NCCIHL).
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PMG clears hurdles in 84 mega projects
The Project Monitoring Group (PMG), attached to the Cabinet Secretariat, sorted out problems for some 84 mega projects totalling Rs 3.71 lakh crore investments in the past seven months since the inception of the group.
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Capital spend on roads in Mumbai increased
The Mumbai Municipal Corporation (BMC) has increased the capital expenditure on roads by almost 62 per cent to Rs 2,500 crore in 2014-15. However, it hopes to spend Rs 1,016 crore, or just about two-thirds of the budget estimate.
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Three states to sign MoU on tricity metro project
Punjab, Haryana and Chandigarh will sign a memorandum of understanding (MoU) related to the ambitious metro rail project.
Recently, all the three stakeholders had agreed upon the terms and conditions of the MoU and the approval of the same was conveyed to the government of India.