KPL-SIOTL inks JV to build port terminal

KPL SIOTL Port Terminal
Kamarajar Port Limited (KPL) in Ennore in a recent move has signed a concession agreement with SICAL Iron Ore Terminal Ltd. (SIOTL) to modify iron ore terminal to handle common user coal and in the deal, the former has offered a revenue share of 55.52%. The conversion exercise will commence in October 2016 and will be commissioned in 12 months from the date of commencement of work on the Design-Built –Finance-Operate-Transfer (DBFOT) basis, shipping ministry sources said. Adding further, KPL's decision to modify its iron ore terminal to handle coal followed the ban on the export of iron ore imposed by the Karnataka High Court and the Supreme Court. KPL had originally inked a contract with SICAL Iron Ore Terminal Ltd. in September 2006 for building the iron ore terminal but the commissioning of the terminal was stalled because of the ban on export of iron ore. On this score, all the mandatory approvals are already put in place and the bidding process has started.

DMRC starts tunnelling work on Phase-IV metro corridor

The Delhi Metro Rail Corporation (DMRC) has started tunnelling work under the Phase 4 project at Vikaspuri on the Delhi Metro's Janakpuri West-RK Ashram Marg corridor. Between Vikaspuri and Krishna Park Extension Read More ...

MoRTH plans ₹5,000-cr double-decker flyover in Tamil Nadu

The Centre has planned to build a double-decker flyover connecting Chennai Port with other vital locations in Tamil Nadu at a cost of ₹5,000 crore. The Union Transport Minister informed that the project would reduce traffic Read More ...

NHAI floats tender for ₹798-cr NH in Maharashtra

The National Highways Authority of India (NHAI) has floated tender for four-laning of Mohol-Alandi section of national highway involving an investment of ₹798.43 crore. The project includes the construction of existing Read More ...

MoRTH approves ₹3,800-cr Kalvakurthi-Karivena NH project

The Union transport ministry has approved the construction of a 122 km national highway from Kalvakurthi in Telangana to Karivena in Andhra Pradesh under the Bharatmala scheme. The new national highway, which will reduce Read More ...

Tripura gets ₹2,752-cr road projects in Northeast

The Union transport minister has laid the foundation stones of nine NH projects in Tripura covering a distance of 262 km with an investment of ₹2,752 crore. The construction of these highways will provide faster and Read More ...

NHAI invites bids for ₹931-cr national highway

NHAI has floated tender for phase III of the Chennai-Bengaluru national highway project, under the Bharatmala Scheme, involving an investment of ₹931 crore. For the 24 km long four-lane highway stretch, which will Read More ...

NHSRC floats tender for Delhi-Amritsar bullet train

The National High-Speed Rail Corporation Limited has invited bids for carrying out a survey for the 465-km long Delhi-Amritsar via Chandigarh bullet train project to identify both overhead and underground utilities and Read More ...

A Buildcon's subsidiary gets financial closure of ₹1,000-cr road project

The wholly-owned subsidiary of Ashoka Buildcon, Ashoka Kandi Ramsanpalle Road, has achieved financial closure of a road project involving an investment of ₹1,000 crore in Telangana. The project involves four laning Read More ...

MoRTH issues safety-related notification for Construction Equipment Vehicles

The Ministry of Road Transport and Highways has issued a notification GSR 673 (E) dated 27 October 2020 for the Construction Equipments Vehicles (CEVs) to address the issue of safety requirements, safety of the operator Read More ...

Dilip Buildcon inks ₹1,905-cr road project pact

Dilip Buildcon, through its arm Narenpur Purnea Highways Private Limited, has signed the Concession Agreement with NHAI for the execution of a highway project at an investment of ₹1,905 crore. The scope of work includes Read More ...

World Bank approves $120-mn loan for road upgrade in NE

The World Bank has approved a loan worth $120 million to improve road connectivity in Meghalaya. From the approved funding, the Meghalaya Integrated Transport Project (MITP) project will upgrade 300-km of state highways Read More ...

Railway approves ₹93-cr RoB at M'nagar in Telangana

The Ministry of Railways has sanctioned a four-lane Road over Bridge (RoB) at Madhavanagar railway level crossing gate between Nizamabad and Dichpally railway stations under the jurisdiction of Secunderabad-Mudked division Read More ...

Wipro to co-innovate cloud solutions to real estate

Wipro has announced that it will co-innovate with SAP SE on cloud-based solutions for the real estate industry. Building on the Intelligent Enterprise strategy, SAP is expanding its vertical solutions to fill the whitespace Read More ...

Varmora Granito plans ₹300-cr new plants in Gujarat

Varmora Granito, a tile and bathware manufacturer of national repute has decided to invest around ₹300 crore to set up two plants at Morbi in Gujarat and both of them will be commissioned by April 2021. According to the Read More ...

Panels set up to kick-start stalled road projects in Maharashtra

To expedite stalled road projects across Maharashtra, the state government has constituted 10-member committees of officers from various departments, including forest, in every division of the state. Ulhas Debadwar Read More ...

UPMRC to start work on Agra Metro project

The construction work on the Agra Metro is all set to start with the Uttar Pradesh Metro Rail Corporation (UPMRC) and the state government finalizing an alignment plan for the twin corridors crisscrossing the city Read More ...
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