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INDUSTRY UPDATE - MARCH 14, 2016 VOLUME:07

Jan 2017
ADB to increase lending for Infra upgrade Multilateral lending agency Asian Development Bank (ADB) said it supports India’s commitment to build more infrastructure and will increase its lending to the country to $10-12 billion for a three year period till 2018. ADB President Takehiko Nakao recently met Finance Minister Arun Jaitley and praised India’s strong economic performance in the face of weak global growth and turmoil in commodity and financial markets, the lending agency said in a statement. “The recent Budget also balances the urgent requirements for infrastructure investments with the need to reduce the fiscal deficit. ADB expects India’s economic growth will continue to exceed 7 per cent in fiscal year 2016-17 (starting April 2016)and the following year,” he added. The ADB president commended the success of the country’s reform measures, including the liberalisation of foreign direct investment rules, cuts in subsidies, and the ‘Make in India’ campaign. “To support the government’s commitment to build more infrastructure, Nakao said ADB will increase its lending to $10 billion to $12 billion for the three calendar years 2016 through 2018,” the statement said. In 2015, ADB’s loans to India amounted to close to $3 billion, including non-sovereign lending of $841 million. Sany India to grow 70% this year: CEO While Sany India clocked 70% growth last year on a small base, Deepak Garg, Director & Chief Executive Officer, Sany Heavy Industry India Pvt. Ltd. is confident of touching the same figure again this year even with an increased base. According to him, the future growth will be from earthmoving equipment that will be used for projects like Roads, Railways, Ports, Metros, and from hoisting and lifting equipment that will be primarily used for wind energy projects. The infrastructure sector hasn’t been doing well for a long time in India. Off late, in the last three to four months the market has improved a little. Things are a little better now. The market numbers are also improving. For us the growth has been quite phenomenal. In the Sany India manufactured products, we have grown almost 70 percent last year,” he said. And the reasons for this significant growth is, “Firstly, we have improved our distributor network. We have added five dealers in some of the regions where we did not have them earlier. Secondly, we have also focussed on some of the key regions to get a good market share. Thirdly, we have focussed on our own manufacturing while maintaining quality levels which are – above industry levels. That has actually driven lot of growth for Sany India last year. Sany India has invested Rs. 650 Crore in India so far and more investments can be done if required. Courtesy: The Machinist, Trade Magazine Coal Mines to start production As many as 15 more coal mines that were auctioned last year would begin production by March 31, taking the number of total producing mines to 23, government said on Monday. The move comes against the backdrop of the government mobilising over Rs. 3 lakh crore in three tranches of coal auctions last year. The government had last year auctioned 31 coal mines in three tranches and made an allotment of 42 coal blocks to central or state government companies. However, the government had to annul the process for the fourth round of coal block auctions, scheduled in March on account of poor response from bidders in sectors like steel and depressed commodity prices and adverse market conditions. Now, the government plans to initiate fourth round of auction as and when market condition improves. The Supreme Court in September last year had cancelled allocation of 204 coal mines to companies without auction. The government had decided to auction nine blocks for sectors like iron and steel, cement and captive power plants in the fourth round. Meanwhile, the Coal Ministry is scheduled to review the status of auctioned and allotted coal blocks to companies like SAIL, Adani Power, Hindalco, NTPC and JSW Steel with the government eyeing one billion tonnes of production by 2020. "There has been coal production growth mainly on account of three factors - land acquisition, environment clearance and rake availability. In total, 32 blocks located in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha and Telangana would be reviewed. Some of the blocks, which would be reviewed are NTPC's Talaipalli, Chatti Bariatu, Chatti Bariatu (South), Dulanga and Kerandari mines, SAIL's Sitanala mine, Adani Power's Jitpur mine, GMR Chhattisgarh Energy Ltd's Ganeshpur mine, Hindalco Industries Dumri mine and JSW Steel's Moitra mine, among others. KNR secures Rs 295.19-cr contract Fast tracking the flyovers building process at Salem city in Tamil Nadu, the state government has awarded the contract to KNR Constructions at an investment of Rs 295.19cr. The scope of work includes the construction of two-tier flyover at Five Road Junction including the construction of flyover up to Ramakrishna road Junction and Four Road Junction in Salem city. The contract is expected to be completed within 39 months from the appointed date. KNR provides engineering, procurement and construction services across sectors like road, highways, irrigation and urban water infrastructure management, they added. many as 15 more coal mines that were auctioned last year would begin production by March 31, taking the number of total producing mines to 23, government said on Monday. The move comes against the backdrop of the government mobilising over Rs. 3 lakh crore in three tranches of coal auctions last year. The government had last year auctioned 31 coal mines in three tranches and made an allotment of 42 coal blocks to central or state government companies. However, the government had to annul the process for the fourth round of coal block auctions, scheduled in March on account of poor response from bidders in sectors like steel and depressed commodity prices and adverse market conditions. Now, the government plans to initiate fourth round of auction as and when market condition improves. The Supreme Court in September last year had cancelled allocation of 204 coal mines to companies without auction. The government had decided to auction nine blocks for sectors like iron and steel, cement and captive power plants in the fourth round. Meanwhile, the Coal Ministry is scheduled to review the status of auctioned and allotted coal blocks to companies like SAIL, Adani Power, Hindalco, NTPC and JSW Steel with the government eyeing one billion tonnes of production by 2020. "There has been coal production growth mainly on account of three factors - land acquisition, environment clearance and rake availability. In total, 32 blocks located in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha and Telangana would be reviewed. Some of the blocks, which would be reviewed are NTPC's Talaipalli, Chatti Bariatu, Chatti Bariatu (South), Dulanga and Kerandari mines, SAIL's Sitanala mine, Adani Power's Jitpur mine, GMR Chhattisgarh Energy Ltd's Ganeshpur mine, Hindalco Industries Dumri mine and JSW Steel's Moitra mine, among others. KNR secures Rs 295.19-cr contract Fast tracking the flyovers building process at Salem city in Tamil Nadu, the state government has awarded the contract to KNR Constructions at an investment of Rs 295.19cr. The scope of work includes the construction of two-tier flyover at Five Road Junction including the construction of flyover up to Ramakrishna road Junction and Four Road Junction in Salem city. The contract is expected to be completed within 39 months from the appointed date. KNR provides engineering, procurement and construction services across sectors like road, highways, irrigation and urban water infrastructure management, they added. Hyundai Update Operator Training conducted Vrundavan Infra Equipments at Vadagam & Nareswar, Gujarat • Maintenance programme • Information and guidance • General maintenance - Daily checks, Scheduled maintenance practices and safety aspects in operation. • Comparison between Hyundai Machine and Competition machines operation and facility. • Rock Breaker Operation Technique & Maintenance Practice. Great Initiative by Vrundavan Teams many as 15 more coal mines that were auctioned last year would begin production by March 31, taking the number of total producing mines to 23, government said on Monday. The move comes against the backdrop of the government mobilising over Rs. 3 lakh crore in three tranches of coal auctions last year. The government had last year auctioned 31 coal mines in three tranches and made an allotment of 42 coal blocks to central or state government companies. However, the government had to annul the process for the fourth round of coal block auctions, scheduled in March on account of poor response from bidders in sectors like steel and depressed commodity prices and adverse market conditions. Now, the government plans to initiate fourth round of auction as and when market condition improves. The Supreme Court in September last year had cancelled allocation of 204 coal mines to companies without auction. The government had decided to auction nine blocks for sectors like iron and steel, cement and captive power plants in the fourth round. Meanwhile, the Coal Ministry is scheduled to review the status of auctioned and allotted coal blocks to companies like SAIL, Adani Power, Hindalco, NTPC and JSW Steel with the government eyeing one billion tonnes of production by 2020. "There has been coal production growth mainly on account of three factors - land acquisition, environment clearance and rake availability. In total, 32 blocks located in Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha and Telangana would be reviewed. Some of the blocks, which would be reviewed are NTPC's Talaipalli, Chatti Bariatu, Chatti Bariatu (South), Dulanga and Kerandari mines, SAIL's Sitanala mine, Adani Power's Jitpur mine, GMR Chhattisgarh Energy Ltd's Ganeshpur mine, Hindalco Industries Dumri mine and JSW Steel's Moitra mine, among others. KNR secures Rs 295.19-cr contract Fast tracking the flyovers building process at Salem city in Tamil Nadu, the state government has awarded the contract to KNR Constructions at an investment of Rs 295.19cr. The scope of work includes the construction of two-tier flyover at Five Road Junction including the construction of flyover up to Ramakrishna road Junction and Four Road Junction in Salem city. The contract is expected to be completed within 39 months from the appointed date. KNR provides engineering, procurement and construction services across sectors like road, highways, irrigation and urban water infrastructure management, they added. Hyundai Update Operator Training conducted Vrundavan Infra Equipments at Vadagam & Nareswar, Gujarat • Maintenance programme • Information and guidance • General maintenance - Daily checks, Scheduled maintenance practices and safety aspects in operation. • Comparison between Hyundai Machine and Competition machines operation and facility. • Rock Breaker Operation Technique & Maintenance Practice. Great Initiative by Vrundavan Team Operator Training conducted Vrundavan Infra Equipments at Vadagam & Nareswar, Gujarat • Maintenance programme • Information and guidance • General maintenance - Daily checks, Scheduled maintenance practices and safety aspects in operation. • Comparison between Hyundai Machine and Competition machines operation and facility. • Rock Breaker Operation Technique & Maintenance Practice.

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