Business Bytes

MC-Bauchemie receives Best Building Chemicals Manufacturer award

Builders Association of India (BAI) is celebrating its Platinum Jubilee this year. As a part of their celebrations, Mumbai Chapter of BAI hosted convention in The Lalit Mumbai on 11-12 September 2015, which was well attended by over 700 delegates from all over India. BAI Mumbai has instituted Indian Construction Industry Awards, which is presented every year at its conventions all over the world. These awards are termed as Navratnas of the Indian Construction Industry Awards.

This year in a function at The Lalit, Mumbai these construction Industry awards were presented to different categories like RMC, Cement, Steel, Machineries, Precast, Building chemicals, Sanitaryware etc. The Chief Guest was Chennamaneni Vidyasagar Rao, Governor of Maharashtra and Kiran Shantaram, former Sheriff of Mumbai as Guest of Honour. The function was presided over by Lal Chand Sharma, President Building Association of India. Neerav Parmar, Chairman, BAI, Mumbai centre, welcomed the gathering.

MC-Bauchemie was adjudged as Sarvottam Construction Chemicals Manufacturers 2015 or the Best Construction Chemical Manufacturer and was categorised as one of the Navratnas of the Indian Construction Industry. This Construction Industry Award 2015 was received by Samir Surlaker, Managing Director at the hands of Governor C V Rao.

MC-Bauchemie (India) Pvt Ltd manufacturers over 200 construction chemicals in Technical and financial collaboration with MC-Bauchemie Germany. Coincidentally MC-Bauchemie is also celebrating Silver Jubilee of its manufacturing in India. The company has a full-fledged training centre in Goa with fully equipped laboratory to contribute to the skill development in India.
Surlaker is a Civil and Structural Engineer from VJTI having over 35 years of National and International experience and exposure in Concrete and Construction Chemicals. He is Fellow of the Concrete Society (UK), Institution of Engineers, and several other Professional bodies. Surlaker is recipient of several national and international awards like Udyog Rattan, International Man of year for Waterproofing & Protection by Cambridge, UK. He is recipient of outstanding Concrete Engineer by ICI-Ultratech Goa and Outstanding Contribution to Concrete Technology award by Indian Concrete Institute.

 

JMC Projects bags orders worth Rs 702 crore

JMC Projects (India) Ltd (JMC) has recently secured new orders worth Rs 702 crore: Bhagalpur Water Supply projects worth approx Rs 199 crore; Karnataka State Highways Improvement Project worth Rs 181 crore; Two Building projects in Bangalore worth approx Rs 170 crore; Building for Central University of Bihar at Gaya worth approx. Rs 152 crore.

S K Tripathi (CEO & Dy. Managing Director) says, “We are successfully receiving orders across our business verticals and have been expanding our presence in infrastructure sector especially in water related projects”

 

L&T Infra Finance reduces PLR by 0.25% to 15.50%

L&T Infrastructure Finance Company Ltd (L&T Infra Finance), a wholly-owned subsidiary of L&T Finance Holdings Ltd, belonging to Larsen & Toubro Ltd (L&T), has been contributing to the growth of infrastructure sector for over eight years now, since obtaining NBFC registration from RBI in January 2007. An RBI-registered Infrastructure Finance Company (IFC) and a Public Financial Institution (PFI), it has an infra/allied sector asset book of over Rs 20,000 crore as of 30 June 2015.

As is customary for financial institutions, L&T Infra Finance has its own Prime Lending Rate - namely, “L&T Infra Finance PLR” - that is reflective of its cost of funds, operating expenses, margins to cover portfolio risk, etc. Consequent to the reduction in RBI’s repo rate, the cost of borrowings for banks and financial institutions - including for L&T Infra Finance has also been reduced. Accordingly, in order to pass on the benefit of such reduced borrowing costs to its customers, L&T Infra Finance has decided to reduce the “L&T Infra Finance PLR” by 0.25 per cent to 15.50 per cent p.a. effective 15th September 2015. This revised PLR shall be applicable in respect of both existing loans and new disbursals, in accordance with the relevant clauses in the Facility Agreements.

 

Govt to award road projects worth Rs 3 lakh cr by Mar 2016

It is reported that the government hopes to award highway projects worth Rs 3 lakh crore by March 2016, with already nine build-operate-transfer projects been awarded and also may award another 20 under a hybrid model. The government would launch a Rs 4,000-crore mass rapid transport system pilot in Delhi.

 

‘Mumbai-Ahmedabad bullet train project to cost Rs 98,805 cr’

The bullet train corridor between Mumbai and Ahmedabad will cost Rs 98,805 crore and the first train can run in 2024 if work begins in 2017, as per reports. The Japan International Cooperation Agency (JICA) in its report submitted to the Railway Ministry envisages a reduction in the travel time on the 505-km long corridor between the two western cities to two hours from the existing over seven hours.

 

Telangana, AP to buy 3 million tonne cement

Andhra Pradesh and Telangana governments are set to procure about three million tonnes, giving a major boost to the sector. The process is already on with the Governments asking the cement manufacturers to commit a quantity to be supplied. As per the Request For Proposals (RFPs), AP is looking at buying two million tonne (mt), while the Telangana wants about one mt. The Telangana government is seeking cement for its low-cost housing programmes, while in Andhra Pradesh, it is to meet the needs of Panchayat Raj, irrigation and housing programmes.

 

Gayatri Projects bags orders from NHAI

Gayatri Projects Ltd has received orders worth Rs 3,318 crore from the National Highways Authority of India (NHAI) for development of sections of National Highway 233 and National Highway 56 near Varanasi in Uttar Pradesh.

The first two projects are for four-laning of Ghaghra Bridge to Varanasi section of NH233 from 180.450 km to 240.340 km and from 240.340 km to 299.350 km. The values of the contract of the first two projects are Rs 741 crore and Rs 785 crore, respectively. The other two projects are for four-laning of Sultanpur to Varanasi section of NH 56 from 134.70 km to 205 km and from 205 km to 263 km under NHDP Phase-IV on EPC mode. The values of the contract of these two projects are Rs 986 crore and Rs 806 crore, respectively.

 

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