ContractorIndia - Weekly E-Newsletter - Vol-1, Issue-33, 15th Oct -2013

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Dear Members Please find Your Weekly dossier of Construction News Update - Vol-1, Issue-33

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ContractorIndia.com —Weekly E-Newsletter A weekly E-Newsletter bringing all round updates on Construction and allied Industry Volume—1 Issue—33 15th Oct-2013 Construction News | Corporate Updates | Information  | Power Sector  | Real Estate | Infrastructure | Project Updates | Construction Errors  Construction News Homebuyers log on to Facebook, Twitter to voice their complaints against builders Call it Realty Spring. Homebuyers in the country are taking to Facebook and Twitter to deal with errant builders in issues ranging from delay in possession to mismanagement, to good effect. Read More….. Investor Rakesh Jhunjhunwala buys six Mumbai flats for Rs 176 crore Billionaire investor Rakesh Jhunjhunwala on Monday bought half of a seafacing building, comprising six plush apartments, in Mumbai's upmarket Malabar Hill area owned by Standard Chartered Bank, for Rs 176 crore, more than two persons who knew details of the open bidding, told ET asking not to be named. Read More…. India needs $2.3 trillion investment in energy sector by 2035: ADB India's energy sector will need $ 2.3 trillion in investments by 2035, accounting for bulk of the energy share in South Asia, according to the Asian Development Bank. In its 'Energy Outlook for Asia and the Pacific' report released today, ADB also said that energy pricing is a "core problem" in India. Read More…. Cyclonic storm batters power infra in Odisha A large chunk of coastal Odisha grappled with power shutdown for the second straight day as Phailin, the very severe cyclonic storm battered transmission infrastructure, leaving the substations and feeder lines in shambles. Read More….. Crompton Greaves sets up Dubai office Crompton Greaves (CG) has set up a full-fledged office in Dubai to promote its products in the Gulf region. This region represents large potential market for CG and is estimated at $10 billion, the company said in a statement today. Read More…. Power NTPC power plants less affected due to Cyclone Phailin Power generation from state-run NTPC's thermal plants in Odisha and Andhra Pradesh was not affected much due to Cyclone Phailin, though overall distribution in some parts of southern India was impacted. Read More….. Gamesa Wind signs up for 54 MW wind power project in Andhra Pradesh Wind farm developer Gamesa Wind Turbines today announced it has inked an agreement with a power and utility company, for setting up a 54 MW wind power project in Andhra Pradesh. The Chennai-based company, however, did not disclose the size of the deal or the name of the power utility. Read More….. Welspun Energy to invest $1.6 billion in solar, wind projects by 2017 Welspun Energy, which will commission the world's second-largest solar power plant and two other projects by December, will invest an additional $1.6 billion in new projects over three years, its managing director said on Friday. Read More…. Power cos like R-Infra, Tata Power reach out to kids to build brand in Mumbai Catch them young. That's the mantra for Tata PowerBSE -2.56 % Company (TPC) and Reliance Infrastructure (R-Infra), the private power distribution companies in Mumbai, which are targeting children to establish their brands in the city. Read More….. KPTL bags Rs 620 crore worth contracts Kalpataru Power Transmission today said it has bagged two orders valued at over Rs 620 crore. The company has won a Rs 463 crore contract from Tamil Nadu Transmission Corporation for supply and installation of 171 km, 400 KV D/C transmission line, a statement issued here stated. Read More …. Reliance Power seeks relief from CERC for Tilaiya UMPP Reliance Power has sought increase in tariff from its Tilaiya project in Jharkhand due to factors including withdrawal of various duty exemptions and cost escalation on account of resettlement and rehabilitation programme. Read More…. Kalpataru Power gains on Rs 620 crore new orders Shares of Kalpataru Power Transmission were up nearly 7% at Rs 68 after the company announced that it has received fresh orders of over Rs 620 crore. The first order worth Rs 463 crore from Tamil Nadu Transmission Corporation Ltd is for supply and installation of 171 kms, 400 KV/DC transmission line. Read More…. Power sector earnings unlikely to match generation spurt The S&P BSE Power index is one of the top sectoral gainers since September. The battered-down valuations of power companies over the past many quarters is one reason for the rebound. The big question with second-quarter earnings down the corner is whether the firms’ profits will be enough to sustain the rally. Read More….. Real Estate Will you have to pay VAT on your flat? SC ruling to push up property prices According to a recent verdict by the Supreme Court, the sale of a property that is under construction would be liable to value-added tax (VAT). The ruling could have far-reaching ramifications for the real estate industry as well as property buyers. Read More….. Satellite picks up pace Rajarhat is a satellite city of Kolkata, which was planned in the 1990s. According to the master plan, it was supposed to be at least three times larger than Salt Lake City, a neighbouring well-established destination. Read More….. Government to issue ordinance to regularise illegal buildings The Karnataka government today decided to promulgate an ordinance to regularise byelaw deviations in residential and commercial buildings in urban areas of the state by collecting penalty, from the date of its assent by the Governor. Read More…. Grihapravesh Buildteck partners Radius for Noida housing project Realty firm Grihapravesh Buildteck today announced tie-up with technology firm Radius Group for providing energy efficient devices in its housing project at Noida, which is being developed at a cost of Rs 280 crore. Read More…. Corporate Updates Suzlon bags order from Uruguay Wind turbine maker Suzlon today said it has bagged an order for setting up a 65 MW project in Uruguay. "Suzlon Group announced a new contract win in Uruguay with a 65 MW project. The project is located in the southern Department of Colonia in the South American country," Suzlon said in a statement. Read More….. NTPC plans to set up new mining unit for fuel security NTPC Ltd, India’s single largest coal consumer, plans to create a separate coal mining division in an attempt to secure fuel supplies to run its thermal power plants. The nation’s largest electricity generator has been concerned about the quality of fuel supplies from Coal India Ltd (CIL). Read More….. Avantha Power synchronises 600 MW unit of Raigarh plant in Chhattisgarh Gautam Thapar-led Avantha Power & Infrastructure has synchronised its first unit of 600 mw at Raigarh in Chhattisgarh, making way for its commercial operations to start soon, the company said in a release. Read More…. Government approves premium rescheduling for highway projects The government on Tuesday approved a proposal for postponement of premium payments by highway developers and has referred the matter to a panel for fine-tuning, an official said. Read More….. Join Us for Free—Subscribe to Contractorindia.com Send your suggestions or contact us To unsubscribe and stop receiving emails from it, send an email to contractorindia+unsubscribe@googlegroups.com. Send us email to get more information on e-newsletter at—emagazine@contractorindia.com Copyright © ContractorIndia.com; All rights reserved Project Updates
ContractorIndia.com —Weekly E-Newsletter A weekly E-Newsletter bringing all round updates on Construction and allied Industry Volume—1 Issue—33 15th Oct-2013 Construction News | Corporate Updates | Information  | Power Sector  | Real Estate | Infrastructure | Project Updates | Construction Errors  Construction News Homebuyers log on to Facebook, Twitter to voice their complaints against builders Call it Realty Spring. Homebuyers in the country are taking to Facebook and Twitter to deal with errant builders in issues ranging from delay in possession to mismanagement, to good effect. Read More….. Investor Rakesh Jhunjhunwala buys six Mumbai flats for Rs 176 crore Billionaire investor Rakesh Jhunjhunwala on Monday bought half of a seafacing building, comprising six plush apartments, in Mumbai's upmarket Malabar Hill area owned by Standard Chartered Bank, for Rs 176 crore, more than two persons who knew details of the open bidding, told ET asking not to be named. Read More…. India needs $2.3 trillion investment in energy sector by 2035: ADB India's energy sector will need $ 2.3 trillion in investments by 2035, accounting for bulk of the energy share in South Asia, according to the Asian Development Bank. In its 'Energy Outlook for Asia and the Pacific' report released today, ADB also said that energy pricing is a "core problem" in India. Read More…. Cyclonic storm batters power infra in Odisha A large chunk of coastal Odisha grappled with power shutdown for the second straight day as Phailin, the very severe cyclonic storm battered transmission infrastructure, leaving the substations and feeder lines in shambles. Read More….. Crompton Greaves sets up Dubai office Crompton Greaves (CG) has set up a full-fledged office in Dubai to promote its products in the Gulf region. This region represents large potential market for CG and is estimated at $10 billion, the company said in a statement today. Read More…. Power NTPC power plants less affected due to Cyclone Phailin Power generation from state-run NTPC's thermal plants in Odisha and Andhra Pradesh was not affected much due to Cyclone Phailin, though overall distribution in some parts of southern India was impacted. Read More….. Gamesa Wind signs up for 54 MW wind power project in Andhra Pradesh Wind farm developer Gamesa Wind Turbines today announced it has inked an agreement with a power and utility company, for setting up a 54 MW wind power project in Andhra Pradesh. The Chennai-based company, however, did not disclose the size of the deal or the name of the power utility. Read More….. Welspun Energy to invest $1.6 billion in solar, wind projects by 2017 Welspun Energy, which will commission the world's second-largest solar power plant and two other projects by December, will invest an additional $1.6 billion in new projects over three years, its managing director said on Friday. Read More…. Power cos like R-Infra, Tata Power reach out to kids to build brand in Mumbai Catch them young. That's the mantra for Tata PowerBSE -2.56 % Company (TPC) and Reliance Infrastructure (R-Infra), the private power distribution companies in Mumbai, which are targeting children to establish their brands in the city. Read More….. KPTL bags Rs 620 crore worth contracts Kalpataru Power Transmission today said it has bagged two orders valued at over Rs 620 crore. The company has won a Rs 463 crore contract from Tamil Nadu Transmission Corporation for supply and installation of 171 km, 400 KV D/C transmission line, a statement issued here stated. Read More …. Reliance Power seeks relief from CERC for Tilaiya UMPP Reliance Power has sought increase in tariff from its Tilaiya project in Jharkhand due to factors including withdrawal of various duty exemptions and cost escalation on account of resettlement and rehabilitation programme. Read More…. Kalpataru Power gains on Rs 620 crore new orders Shares of Kalpataru Power Transmission were up nearly 7% at Rs 68 after the company announced that it has received fresh orders of over Rs 620 crore. The first order worth Rs 463 crore from Tamil Nadu Transmission Corporation Ltd is for supply and installation of 171 kms, 400 KV/DC transmission line. Read More…. Power sector earnings unlikely to match generation spurt The S&P BSE Power index is one of the top sectoral gainers since September. The battered-down valuations of power companies over the past many quarters is one reason for the rebound. The big question with second-quarter earnings down the corner is whether the firms’ profits will be enough to sustain the rally. Read More….. Real Estate Will you have to pay VAT on your flat? SC ruling to push up property prices According to a recent verdict by the Supreme Court, the sale of a property that is under construction would be liable to value-added tax (VAT). The ruling could have far-reaching ramifications for the real estate industry as well as property buyers. Read More….. Satellite picks up pace Rajarhat is a satellite city of Kolkata, which was planned in the 1990s. According to the master plan, it was supposed to be at least three times larger than Salt Lake City, a neighbouring well-established destination. Read More….. Government to issue ordinance to regularise illegal buildings The Karnataka government today decided to promulgate an ordinance to regularise byelaw deviations in residential and commercial buildings in urban areas of the state by collecting penalty, from the date of its assent by the Governor. Read More…. Grihapravesh Buildteck partners Radius for Noida housing project Realty firm Grihapravesh Buildteck today announced tie-up with technology firm Radius Group for providing energy efficient devices in its housing project at Noida, which is being developed at a cost of Rs 280 crore. Read More…. Corporate Updates Suzlon bags order from Uruguay Wind turbine maker Suzlon today said it has bagged an order for setting up a 65 MW project in Uruguay. "Suzlon Group announced a new contract win in Uruguay with a 65 MW project. The project is located in the southern Department of Colonia in the South American country," Suzlon said in a statement. Read More….. NTPC plans to set up new mining unit for fuel security NTPC Ltd, India’s single largest coal consumer, plans to create a separate coal mining division in an attempt to secure fuel supplies to run its thermal power plants. The nation’s largest electricity generator has been concerned about the quality of fuel supplies from Coal India Ltd (CIL). Read More….. Avantha Power synchronises 600 MW unit of Raigarh plant in Chhattisgarh Gautam Thapar-led Avantha Power & Infrastructure has synchronised its first unit of 600 mw at Raigarh in Chhattisgarh, making way for its commercial operations to start soon, the company said in a release. Read More…. Government approves premium rescheduling for highway projects The government on Tuesday approved a proposal for postponement of premium payments by highway developers and has referred the matter to a panel for fine-tuning, an official said. Read More….. Join Us for Free—Subscribe to Contractorindia.com Send your suggestions or contact us To unsubscribe and stop receiving emails from it, send an email to contractorindia+unsubscribe@googlegroups.com. Send us email to get more information on e-newsletter at—emagazine@contractorindia.com Copyright © ContractorIndia.com; All rights reserved Project Updates
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