Business Bytes

Essar to invest Rs 10,000 cr for port in Gujarat

Essar Ports has signed a memorandum of understanding (MoU) with Gujarat Maritime Board (GMB) to build Rs 10,000 crore greenfield commercial port at Dwarka in Gujarat.
Work on a detailed project report (DPR) is on. We are now working on approvals for the project, which might take some time. The project is estimated to employ around 1,000 people, as per sources.

Besides, the company is also in the process to expand the 30 metric tonne (mt) Hazira Bulk Terminal to 50 mt and also the 16 mt Visakhapatnam terminal to 32 mt, add reports.


UP Govt clears decks for DPR of Gorakhpur Metro

The Uttar Pradesh Government cleared decks for the blueprint for Gorakhpur
Metro Rail. Rail India Technical and Economic Services (RITES) have been given the task to draft the detailed project report (DPR) and comprehensive mobility plan (CMP). The DPR for the project will be submitted within six months time, as per the reports. The blueprint for the Gorakhpur Metro will be prepared under the supervision of Lucknow Metro Rail Corporation (LMRC).


Centre to invest Rs 55,000 cr on road projects in Jharkhand

During the maiden global investors’ summit (GIS) in Ranchi, the Centre assured it would spend Rs 55,000 crore on its road projects alone, besides making huge investments in city development, power and textile sectors. The announcements came from the Union ministers who attended it recently.
Minister of Road Transport and Highways Nitin Gadkari said that the government will spend Rs 50,000 crore to increase road connectivity and highways in Jharkhand in the next two and a half years. Work of Rs 5,000 crore on road development is already on in the state and Rs 2,000 crore is also proposed to construct a bridge across the Ganga river at Sahibganj to link Manihari, add reports.


NTPC to make cement, seeks partners

Generation utility NTPC is planning to expand into cement manufacturing with the twin objectives of utilising fly ash from its power stations and create captive demand for electricity. The state-run utility is inviting expression of interest from cement makers, offering partnership for building the proposed cement plants in the vicinity of its power stations, as per reports. NTPC is looking at building cement plants with annual capacity of 1 million tonne or more in the vicinity of its power stations - both in operation and under construction. These plants will be offered to the chosen partners on BOO (build, own, operate) basis. The company is also open to helping with land, water and power wherever possible. The partners will have to sign a long-term contract for sourcing ash from NTPC and will be responsible for marketing of products.
A cement foray is important for NTPC as it will help the company meet the Environment Ministry's norm envisaging 100 per cent utilisation of fly ash.


NLC to invest over Rs 14,000 cr in power plants in Odisha

Chennai-based navratna PSU company, NLC India Ltd (formerly Neyveli Lignite Corporation), has firmed up plans to set up a pithead coal-based power project in Odisha with a capacity of 3,200 MW, as per reports.
The power plant entails an investment of Rs 11,785 crore, and is to come up at Tareikela near Jharsuguda in western Odisha. The site chosen for the coal-fired power generating station is in the vicinity of the Talabira-II and Talabira-III coal blocks the company has won in the state. Apart from coal-based generation, NLC has committed an investment of Rs 2,250 crore on a string of solar power projects in Odisha with a capacity totaling 300 MW. The solar power plants are targeted for multiple locations that are yet to be identified.


GVK to make Navi Mumbai airport project

Facing years of delay, the Navi Mumbai International Airport (NMIA) is finally off the ground, with the GVK Group-owned Mumbai International Airport Ltd (MIAL) winning the financial bid for the Rs16,000-crore project. An evaluation panel will prepare a report on the qualified bid, which will be sent to a Project Monitoring and Implementation Committee and the Maharashtra Cabinet for a final decision.
The project, spread over 1,160 hectares, is designed to be one of the world’s largest greenfield airports. It will have two parallel runways of 3,700 metres and full-length taxiways spaced with 1,550 metres between them, thereby facilitating simultaneous and independent operation of the runways. In the first phase, the airport is expected to handle 10 million passengers. The project is being developed by the Maharashtra government’s City and Industrial Development Corporation (CIDCO).


Cauvery Constructions adds more Wirtgen Cold Milling machines to its fleet

Cauvery Constructions, who are pioneers in cold milling , added three more Wirtgen Milling machines to their existing fleet of 12 machines.
Ramesh Palagiri, Managing Director & CEO ,Wirtgen India, handed over the keys of three milling machines – W 100, W 130H and W 2000 to P P Moorthy, Managing Director of Cauvery Constructions at the Wirtgen Group’s manufacturing facility at Pune.


Stage set for laying 64-km long national highway

The Detailed Project Report for the 64-km long national highway road connecting Anakapalle and Anandapuram in Andhra Pradesh is finalised. National Highway Authority of India will a lay six-lane road with two bi-pass roads at a cost of Rs 2,392 crore.

The State Government has to acquire 900 acre of land for the project and already 350 acre are acquired and the Revenue Department has geared up to complete the entire land acquisition process. However, the State Government has not finalised the compensation to the land losers.