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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