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Construction

Construction

Hero Motors Company opens premium export oriented manufacturing plant in Ludhiana

Hero Motors Company has unveiled its new hi-end export-oriented manufacturing plant at the Hero E Cycle Valley near Ludhiana in Punjab. Hero Motors Company’s Chairman and Managing Director Pankaj Munjal said that the plant will augment the company's annual production capacity to 10 million units, with a production of 4 million premium bicycles and E Cycles, majorly for global consumption. Along with the new plant, Hero E Cycle Valley will...
Construction

JMC Projects secures new orders of Rs 1,262 Cr

JMC Projects secures new orders of Rs 1,262 Cr JMC Projects (India) (JMC), a subsidiary of Kalpataru Power Transmission, has secured building projects in India of Rs 1,059 crore. It has also bagged a water project worth approximately Rs 203 crore in Maldives. Of the total Rs 1,262 crore, orders worth Rs 431 crore were bagged in March while the remaining orders worth Rs 831 crore were secured in April till...
Construction

Hitachi and ABB target carbon-free mining machinery

Hitachi and ABB target carbon-free mining machinery Hitachi Construction Machinery Co. Ltd. has signed a Memorandum of Understanding (MoU) with ABB Ltd. to explore opportunities for mine operators to target net-zero emissions from mining machinery. This MoU will allow Hitachi Construction Machinery and ABB to share their expertise and collaborate in bringing solutions to market that will reduce the greenhouse gas (GHG) emissions associated with heavy machinery in mining. The companies will...
Construction

1,200 km e-highway on Delhi-Mumbai Expressway for electric vehicles planned

India plans 1,200 km e-highway on Delhi-Mumbai Expressway for electric vehicles The Indian government plans to construct a separate e-highway on the 1,300-kilometre-long Delhi-Mumbai Expressway where trucks and buses can run at a speed of 120 kilometres per hour. Replying to a query during Question Hour in Lok Sabha, Road Transport and Highway Minister Nitin Gadkari said, "We are trying to build 'e-highway' on the 1,300-km highway between Delhi and Mumbai."...
Construction

Realtors plan precautionary measures at construction sites

Realtors plan precautionary measures at construction sites With daily surge in Covid-19 cases in Maharashtra, the State Government has imposed new guidelines with regards to the continuation of construction activity. Here are the guidelines: a) Construction to be allowed only for sites where labourer's are living on site. Movement to and fro from outside must be avoided, except for the purpose of material movements. b) Every one engaged in the activity to...
Construction

One Year Of Lockdown: Real Estate Sector beating the pandemic blues

One Year Of Lockdown: Real Estate Sector beating the pandemic blues In March last year, people across the country were trying to wrap their heads around the novel coronavirus-outbreak. When the World Health Organization declared it a pandemic on March 11, most were already aware of its seriousness. At 8 pm on March 24, 2020, Prime Minister Narendra Modi made a landmark announcement - a nationwide lockdown for 21 days...
Construction

TCS to help Skanska become a more digitally advanced construction company

TCS to help Skanska become a more digitally advanced construction company Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has been selected by Skanska, one of the world’s leading project development and construction groups, as a strategic partner to help achieve its ambition of becoming the most digitally advanced company in the construction industry. As a part of this multi-year partnership, TCS will leverage its...
Construction

Maharashtra: Best time to buy a property is now

Maharashtra: Best time to buy a property is now Undoubtedly, the stamp duty cut announcement by the Maharashtra Government has proved to be a game changer in reviving the real estate sector in the state. The results of this slash were seen immediately with Mumbai recording registrations that increased significantly whereas Pune’s property market too witnessed healthy green shoots which brightened the scope for increased real estate sales in the...
Construction

BEML bags orders from Cameroon & Bangladesh

BEML bags orders from Cameroon & Bangladesh BEML Limited, a ‘Schedule A’ company under the Ministry of Defence (MoD) received export orders from Cameroon and Bangladesh under Government of India-Lines of credit. The order for Cameroon has been received from Ministry of Economy, Planning & Regional Development (MOEPRD), Government of Cameroon for supply of 71 units of construction equipment consisting of Bulldozers, Excavators, Wheel Loaders, Motor graders and Compactors for their...
Construction

Godrej Properties raises Rs 3,750 Cr at Rs. 1,450 per share through QIP

Godrej Properties raises Rs 3,750 Cr at Rs. 1,450 per share through QIP Mumbai-based real estate developer Godrej Properties today announced that it has raised Rs. 3,750 crore through the QIP route. The company saw a strong mix of investors with nearly 90% of the book being allocated to long only investors. GPL’s largest existing external shareholder, GIC, strongly backed the QIP with an investment of USD 110 million while the...
Construction

MBCC Group acquires Bluey Technologies

MBCC Group acquires Bluey Technologies MBCC Group, one of the leading suppliers of construction chemicals and solutions worldwide, signed a purchase agreement to acquire Bluey Technologies. The transaction was closed simultaneously with the signing. The acquisition will enhance MBCC Group’s portfolio of construction chemicals and services for the infrastructure market, whereas Bluey Technologies’ customers will benefit from the broad portfolio under the Master Builders Solutions brand.  Based in Sydney, Australia, Bluey...
Construction

NHAI creates record by constructing 25.54-km road in 18 hours

NHAI creates record by constructing 25.54-km road in 18 hours National Highways Authority of India (NHAI) has recently completed development of a 25.54 km single lane stretch of road in just 18 hours, creating a world record. This took place during the 4-laning work on the Solapur-Vijapur highway. Road Transport and Highways Minister Nitin Gadkari took to social media to share the news and confirm that the achievement will be recorded...
Construction

bauma CONEXPO INDIA cancelled for 2021

bauma CONEXPO INDIA cancelled for 2021 bauma CONEXPO INDIA, the international trade fair for construction machinery, building material machines, mining machines, and construction vehicles will not take place this year due to the organizers’ concerns around exhibitors’ ROI, uncertain international participants’ turnout, and safety protocols. “The decision to not hold North India’s leading trade fair bauma CONEXPO INDIA comes after deliberations with stakeholders and a comprehensive study of the market in...
Construction

Construction equipment industry lauds Union Budget 2021

Construction equipment industry lauds Union Budget 2021 Construction equipment industry lauds Union Budget FY21-22 for its bold attempt to address the huge disruption caused by the pandemic. Despite the backdrop of the huge fiscal deficit of 9.5 % for FY21 and an estimated deficit of 6.8 % in FY22 the government has outlined robust measures to boost health care infrastructure, focus on infrastructure development, power sector reforms, promoting innovation and...
Construction

Will indirectly help boost the housing demand: NAREDCO Maharashtra

Will indirectly help boost the housing demand: NAREDCO Maharashtra The Government has put their best efforts to put the economy back on track after the adverse effects of Covid-19 pandemic that the entire country went through. It has focussed a lot on infrastructure in this budget. This will indirectly help boost the housing demand especially in the Tier II and Tier III cities. The Government's decision to further infuse Rs. 20,000...
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