Business Bytes

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.


UltraTech to set up Rs 2,600-cr plant in Madhya Pradesh

UltraTech Cement plans to invest Rs 2,600 crore in setting up a 3.5 million tonne per annum integrated cement plant at Dhar, Madhya Pradesh. Commercial production of the new plant is expected to start in the fourth quarter of FY19. This plant will help in reduction of lead distance and cater to the markets of south-west Madhya Pradesh, where the Company is not a significant player. With this expansion and the acquisition of the cement plants of Jaiprakash Associates Ltd, the Company’s cement capacity will stand augmented to 95 mtpa including its overseas operations.
The company has reported a 5 per cent increase in its net profit for the October-December quarter to Rs 594 crore (compared to Rs 567 crore in the corresponding quarter last year) despite a fall in sales.


Green clearance for building port at Tadadi

An expert panel of the Union Environment Ministry has recommended environment and coastal clearance for building a multi-purpose all-weather port at Tadadi in Karnataka. The Rs 3,813-crore project of the Karnataka State Industrial & Infrastructure Development Corporation Ltd was given the go-ahead by the Environment Ministry’s Expert Appraisal Committee (EAC). The panel recommended environment and coastal regulation zone (CRZ) clearance to the project with 27 specific conditions in addition to the regular conditions to ensure environmental protection.


Kudankulam’s second unit ready for power generation

The second unit of the Kudankulam Nuclear Power Project (KNPP) in Tamil Nadu has attained its generation capacity of 1,000 MWe and will soon start commercial power generation. The unit is India’s 22nd nuclear power reactor and among the largest in the country. The second reactor attained criticality in July 2016 and was connected to the power grid in August. The construction for units 3 and 4 began in April 2016. Two more units are planned at the site. Once all six units are commissioned the project will have 6,000 MW capacity.