Business Bytes

Two new railways industrial projects planned in Odisha

The Centre has sanctioned two new railways industrial projects and allocated Rs 5,102 crore for rail infrastructure development in Odisha, as per reports. As per sources, an Electric Loco Periodical Overhauling Workshop will be set up in Kalahandi with an investment of Rs 186 crore. A Freight Train Maintenance Facilities with Routine Overhauling Facilities for Freight Wagons at Maneswar near Sambalpur has also been sanction at a cost of Rs 49.16 crore, add reports. Among the major projects, the budget has made allocation of Rs 700 crore for the Khurda-Bolangir railway project followed by Rs 275 crore for Jeypore-Nabrangpur rail project. While Rs 250 crore has been allocated for Talcher- Bimalagarh rail project, the Haridaspur-Paradip rail project has got Rs 200 crore.
For construction of railway over bridge, railway underpass and subways, the budget has made allocation of Rs 671 crore of which the state government's share will be Rs 363.72 crore. The Centre has also sanctioned three new surveys for construction of a new line between Bhawanipatna-Kesinga via Utkela (35 km), Sambalpur-Jharapada (3rd line) and Jharsuguda-Sambalpur (3rd and 4th line).


Road Ministry seeks Rs 90,904 cr for 2017-18

The Road Ministry has requested the Finance Ministry to allocate Rs 90,904 crore to help complete ongoing highway projects in time and compensate for the toll revenue losses following demonetisation. The Ministry of Road Transport and Highways (MoRTH) said it needs higher allocation to carry forward the ongoing work and also to compensate concessionaires who lost revenue because of withdrawal of tolling following the demonetization, as per reports. The Road Ministry conveyed it to the Finance Ministry that "as against our proposal of Rs 90,904 crore for Budget Estimate (BE) 2017-18, the indicated outlay for BE 2017-18 is only Rs 58,362 crore. The proposed reduction in allocation of national highways (NH) sector would cause a major setback in the progress of ongoing projects and in the achievement of targets.


ToR norms cleared for Rs16,0000 crore Delhi airport project

Clearing the way for environmental impact assessment (EIA) studies mandatory before a planned Rs16,000 crore expansion of Delhi’s airport, an expert panel of the Union environment ministry has cleared Terms of Reference (ToR) for it. ToRs are guidelines for conducting EIA studies of projects, based on which the environment ministry grants or rejects green clearance to a project. Delhi International Airport Pvt. Ltd, which handles the administration of Delhi airport, has proposed the expansion of the Indira Gandhi International Airport in New Delhi. The total area of the airport at present is 5,106 acre. For expansion, no additional land will be acquired.


United Technologies opens New Hyderabad Research & Design Center

United Technologies Corp. has announced the opening of a new Hyderabad Research & Design Center, which has been expanded to enhance the company’s cutting-edge engineering innovation capabilities. With engineering expertise in heating, ventilating and air conditioning systems (HVAC), fire and security solutions, and elevators, the new R&D center will also facilitate the localization of products, supporting the government’s “Make in India” initiative.
The research center will house engineers supporting R&D efforts for United Technologies business units including UTC Climate, Controls & Security and Otis. In the next few years, the 151,000-square foot R&D center is expected to add additional talent, further enhancing its position as the biggest center supporting R&D initiatives for UTC Climate, Controls & Security globally.
KT Rama Rao, Minister of IT, Government of Telangana, inaugurated the new office and Dr. J. Michael McQuade, Senior Vice President, Science & Technology, United Technologies, commemorated the grand opening ceremony. Jayesh Ranjan, IT Secretary, Government of Telangana, was also on hand for the ceremony as well as Dr. John Galbraith, Vice President, Global Engineering, UTC Climate, Controls & Security, and Dr. Thierry Jomard, Vice President, Global Engineering, Otis.


Skipper Pipes bags “Emerging Brand of the Year” award

Skipper Pipes has bagged the ‘Emerging Brand of the Year, 2016’ award by World Consulting Research Corporation (WCRC). Siddharth Bansal, Director, Skipper Ltd, said, ‘I am humbled, honored, and at the same time excited for our Brand “Skipper Pipes” being selected as The Emerging Brand of The Year in the Polymer Pipes & Fittings category. I believe that few qualities which brought me here tonight were gained when we first kick started the project approximately 5 years back. These qualities include professionalism, the demonstration of potential and capacity to grow under corresponding circumstances. I also believe this is a result of the Skippers who contributed their best and selflessly achieved goals without waiting for any reward.”


KOEL unveils new High Horse Power Gensets

Kirloskar Oil Engine Ltd (KOEL) has launched their new High Horse Power Gensets in Mumbai recently. Having started their High Horse Power Gensets journey in 1998 KOEL has successfully completed 30,000 installations in the country while overall installations crossing 1 million DG sets in the country. To mark this occasion, KOEL announced their foray into the 750, 910 and 1010 kVA range of Gensets for the Indian market.

 R R Deshpande, Joint Managing Director, Kirloskar Oil Engines Ltd, said, “KOEL is not only committed for customer satisfaction but also committed for Greener Earth. KOEL’s state of the art plant at Kagal competes with the best in the world in terms of product quality and reliability. KOEL is simultaneously driving new expansion plans, creating stronger R&D platforms & penetrating into international markets and enhancing brand visibility.”
Sanjeev Nimkar, Vice President and Business Head – Power Generation, Kirloskar Oil Engines Ltd, added, “In the event of power outages, reliable power backup becomes extremely important for smooth running of crucial operations. The 1010kVA Generating set will ensure that KOEL meets demands of our customers’ power requirements and it becomes the most preferred choice of customers in multiple applications.

The new sets are established on an indigenously developed DV series engine platform. These new products are smaller in size, higher in fuel efficiency, lower on maintenance costs and come with easy remote monitoring controls.


NHAI needs Rs 71,911 cr for highway projects

NHAI has estimated a total investment of Rs 71,911 crore for the execution of different highway projects during 2016-17. “LIC (Life Insurance Corporation of India) has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore subject to not more than Rs 8,500 crore in one financial year," said Union Minister of State for Road Transport and Highways and Shipping Pon. Radhakrishnan. The Minister also elaborated that no future project would be awarded unless 80 per cent of land is available with the authority with requisite forest clearance.


Sany India forays into mining segment

Sany India, a leading manufacturer of construction, heavy machinery and renewable equipment, has announced its foray into the mining segment at the International Mining & Machinery Exhibition (IMME) 2016, held in Kolkata. The SRT55D Dump Truck was launched in the presence of one of the Top 05 Sany customers in the Southern region. With this announcement, the company also launched its SRT range of off-highway dump trucks in India. The new mining business unit will be headed by Dheeraj Panda, who is the BU Head and VP of Excavator at Sany India.

Deepak Garg, CEO, Sany Heavy Industries Pvt Ltd, said, “With our foray into mining segment, we want to set new benchmarks for Sany India. Sany India will offer complete mining solutions and partner with big mining companies for end-to-end solutions.”

Dheeraj Panda, BU Head and VP of Excavator and Mining, Sany Heavy Industries India, said, “We are excited to enter the mining sector in India. Since mining is a crucial segment adding significantly to the Gross Domestic Product (GDP) of the country, we believe there is a huge potential for us in this market.”

With the launch of the new SRT series off-highway dump truck, Sany India will be offering mining solutions to the iron & coal, power, cement and construction industry. Currently, SANY will be importing these truck series as CBU (Completely Built Units) from China.