ContractorIndia - Weekly E-Newsletter - Vol-02, Issue-19, 18th July-2014

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Please find Your Weekly dossier of Construction News Update - Vol-02, Issue-19

 

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Volume—2 Issue—19 18th July- 2014 Construction News | Corporate Updates | Information  | Power Sector  | Real Estate | Infrastructure | Project Updates | Construction Errors  Subscribe to Newsletter and other updates To Advertise in this E-Newsletter please send inquiry at info@contractorindia.com Corporate Updates More…. Real Estate More…. GVK group to raise Rs 1,500 cr GVK Power & Infrastructure will raise Rs 1,500 crore through qualified institutional placement (QIP) to trim its debt. The company has sought shareholders’ approval to raise the amount. Read More…. Crompton Greaves gains over 10% on demerger plan Crompton Greaves has surged 12% to Rs 209 in early morning deals on the Bombay Stock Exchange (BSE), after the company’s board proposed to demerge its consumer products business unit into a separate listed entity. Read More…. GMR, GVK projects set to get land in TN The Tamil Nadu Industrial Development Corporation (Tidco), the government agency working on identifying and promoting establishment of large and medium scale industries in the state,  ….. Read More…. Company can't terminate contracts unilaterally: NTPC NTPC has said Tata Power's unit can't unilaterally call off pacts with it, and should compensate the state-run firm if it decides to do so.  Read More…. L&T bags contract from AkzoNobel to provide technical services Engineering firm Larsen & Toubro's (L&T) technology services arm has bagged a contract from AkzoNobel to provide technical assistance and reduce capital expenditure. Read More…. Atlanta bags order from NHAI for highway in Assam on OMT basis Infrastructure firm Atlanta Ltd today said it has secured an order from National Highways Authority of India for operations and maintenance of a four lane Highway stretch in Assam. Read More…. Monetisation of Delhi land: GMR could get over Rs 100 crore per acre GMR a publicly held firm that manages the Delhi international airport, is set to kickstart the second phase of monetisation of its 230-acre land parcel near the airport.  Read More…. L&T wins Rs 5,000 crore Kuwait order L&T Hydrocarbon has won Rs 5076 crore contract from Kuwait Oil Company (KOC) for setting up facilities to separate gas and water from crude oil.  Read More…. DLF fails to complete project, asked to pay Rs six lakh A real-estate developer has been asked by a consumer forum here to pay Rs one lakh compensation and return the booking amount of Rs five lakh to a buyer, Read More…. Realty, infra gain as RBI signals cheaper loans to priority sector Shares of real estate and infrastructure companies are trading higher by up to 6% after the Reserve Bank of India (RBI) said banks would not have to maintain cash reserve ratio (CRR) or statutory liquidity ratio (SLR) ….. Read More….. Earth Infra launches Rs 1,500 cr housing project Earth Infrastructure today launched a Rs 1,500 crore housing project on Lucknow-Rae Bareli road, which is emerging as a major realty hub in the region. Read More…. Reits: 10 things you wanted to know The finance minister cleared a roadblock in the way of real estate investment trusts (Reits) by giving these tax pass-through status. Read More…. Good investment potential driven by employment Neemrana is one of the fastest growing industrial centres in North India. This area is advantageously located on NH-8, in proximity to other industrial sub-markets such as Bhiwadi, Bawal, Khushkhera and Tapukhera. Situated in Rajasthan  ….. Read More…. Sobha's Q1 sales bookings down by 20% to Rs 482 cr Realty firm Sobha Developers’ sales booking declined 20 per cent to Rs 482.2 crore during the first quarter of this fiscal due to lower volumes as well as realisations.  Read More…. Real Estate: Boost for property buyers The proposals announced in Budget 2014-15 for the realty sector are expected to improve liquidity for cash-short real estate companies, improve demand for housing and increase the supply of affordable houses. Read More…. DLF moves SC against Rs 630 cr penalty Country's largest real estate player DLF has moved Supreme Court against Competition Appellate Tribunal (COMPAT), which upheld order of imposing Rs 630 crore penalty against the company. Read More…. Useful Websites / Web Links for Reference Construction Industry Development Council (CIDC) BUREAU OF INDIAN STANDARDS Competition Commission of India National Housing bank Quality Council of India Indian Council of Arbitration Power More…. News More…. Tata Power Delhi seeks to exit 340 Mw purchase pacts Tata Power Delhi Distribution (TPWR), which lights up every third home in the country's capital, wants to surrender purchase contracts for 340 megawatts of electricity because of higher fuel costs passed on by producers. Read More….. NTPC to evaluate 4-5 private firms' takeover proposals out of 34 Of the 34 proposals received by country's largest power utility NTPC for takeover, the company said it has found only about five offers worth considering. Read More…. Tata Power Solar partners Bajaj Finance for selling products Tata Power Solar has partnered with Bajaj Finance to provide interest-free loan options for solar products of about Rs 2.5 lakh to consumers. Read More…. Private power sector seeks changes in bidding norms for UMPPs The private power industry has proposed changes in the bidding norms for two Ultra Mega Power Projects (UMPPs) planned to be set up in Odisha and Tamil Nadu. Read More…. Power PSUs fall short of investment target State-owned power generation companies have cut down investments as the need grows for energy access to all. Last year's budget projected Rs 51,263 crore investment by public sector units in power generation, they actually invested Rs 49,731 crore. Read More…. Increase in clean energy cess on imported coal: Adani, GVK and Tatas to redraw foreign assets Indian companies having coal mines abroad, such as Adani,Tata Power and GVK, will have to redraw their strategy. Read More…. Tata Power plans to raise Rs 7,000 crore Tata Power , which is pursuing “aggressive growth plans”, has sought shareholders’ nod to raise up to Rs 7,000 crore through issue of non-convertible debentures (NCDs).  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 2006—2015 © ContractorIndia.com; All rights reserved G M Rao to raise stake in GMR Infra G M Rao , chairman of the publicly-held GMR Infrastructure, plans to increase his stake in the company by about five per cent through the subscription of 180 million warrants for which he will pay about Rs 600 crore over an 18-month period.  Read More…. Crompton Greaves consumer arm to be demerged, listed Crompton Greaves has decided to demerge and list its profitable consumer product business, sparking speculation of a stake sale by its promoter, the Avantha Group. Read More…. 27 SEZ developers seek more time to execute projects As many as 27 special economic zone developers, including Gulf Oil Corporation, Navi Mumbai SEZ and DLF Info Park have sought more time from the government to execute their projects. Read More…. Lenders might declare Dabhol project NPA in two weeks The Ratnagiri Gas & Power Pvt Ltd (RGPPL) on Tuesday indicated that lenders of the 1,967 Mw Dabhol project, might declare it a non-performing asset (NPA) within the next two weeks. Read More…. Alstom, NASL to renovate & modernise NTPC's Odisha plant Alstom and NASL have bagged a contract worth 13 million euro (Rs 107.4 crore) from NTPC for renovation and modernisation of the state-run firm's Odisha thermal power plant. Read More…. DLF, Phoenix, Embassy look to launch investment trusts Real Estate developers like DLF, Phoenix Mills and Embassyare studying options to launch Real Estate Investment Trusts(Reits) after Finance Minister Arun Jaitley announced the income they generate will be taxed at the hands of investors. Read More….
Volume—2 Issue—19 18th July- 2014 Construction News | Corporate Updates | Information  | Power Sector  | Real Estate | Infrastructure | Project Updates | Construction Errors  Subscribe to Newsletter and other updates To Advertise in this E-Newsletter please send inquiry at info@contractorindia.com Corporate Updates More…. Real Estate More…. GVK group to raise Rs 1,500 cr GVK Power & Infrastructure will raise Rs 1,500 crore through qualified institutional placement (QIP) to trim its debt. The company has sought shareholders’ approval to raise the amount. Read More…. Crompton Greaves gains over 10% on demerger plan Crompton Greaves has surged 12% to Rs 209 in early morning deals on the Bombay Stock Exchange (BSE), after the company’s board proposed to demerge its consumer products business unit into a separate listed entity. Read More…. GMR, GVK projects set to get land in TN The Tamil Nadu Industrial Development Corporation (Tidco), the government agency working on identifying and promoting establishment of large and medium scale industries in the state,  ….. Read More…. Company can't terminate contracts unilaterally: NTPC NTPC has said Tata Power's unit can't unilaterally call off pacts with it, and should compensate the state-run firm if it decides to do so.  Read More…. L&T bags contract from AkzoNobel to provide technical services Engineering firm Larsen & Toubro's (L&T) technology services arm has bagged a contract from AkzoNobel to provide technical assistance and reduce capital expenditure. Read More…. Atlanta bags order from NHAI for highway in Assam on OMT basis Infrastructure firm Atlanta Ltd today said it has secured an order from National Highways Authority of India for operations and maintenance of a four lane Highway stretch in Assam. Read More…. Monetisation of Delhi land: GMR could get over Rs 100 crore per acre GMR a publicly held firm that manages the Delhi international airport, is set to kickstart the second phase of monetisation of its 230-acre land parcel near the airport.  Read More…. L&T wins Rs 5,000 crore Kuwait order L&T Hydrocarbon has won Rs 5076 crore contract from Kuwait Oil Company (KOC) for setting up facilities to separate gas and water from crude oil.  Read More…. DLF fails to complete project, asked to pay Rs six lakh A real-estate developer has been asked by a consumer forum here to pay Rs one lakh compensation and return the booking amount of Rs five lakh to a buyer, Read More…. Realty, infra gain as RBI signals cheaper loans to priority sector Shares of real estate and infrastructure companies are trading higher by up to 6% after the Reserve Bank of India (RBI) said banks would not have to maintain cash reserve ratio (CRR) or statutory liquidity ratio (SLR) ….. Read More….. Earth Infra launches Rs 1,500 cr housing project Earth Infrastructure today launched a Rs 1,500 crore housing project on Lucknow-Rae Bareli road, which is emerging as a major realty hub in the region. Read More…. Reits: 10 things you wanted to know The finance minister cleared a roadblock in the way of real estate investment trusts (Reits) by giving these tax pass-through status. Read More…. Good investment potential driven by employment Neemrana is one of the fastest growing industrial centres in North India. This area is advantageously located on NH-8, in proximity to other industrial sub-markets such as Bhiwadi, Bawal, Khushkhera and Tapukhera. Situated in Rajasthan  ….. Read More…. Sobha's Q1 sales bookings down by 20% to Rs 482 cr Realty firm Sobha Developers’ sales booking declined 20 per cent to Rs 482.2 crore during the first quarter of this fiscal due to lower volumes as well as realisations.  Read More…. Real Estate: Boost for property buyers The proposals announced in Budget 2014-15 for the realty sector are expected to improve liquidity for cash-short real estate companies, improve demand for housing and increase the supply of affordable houses. Read More…. DLF moves SC against Rs 630 cr penalty Country's largest real estate player DLF has moved Supreme Court against Competition Appellate Tribunal (COMPAT), which upheld order of imposing Rs 630 crore penalty against the company. Read More…. Useful Websites / Web Links for Reference Construction Industry Development Council (CIDC) BUREAU OF INDIAN STANDARDS Competition Commission of India National Housing bank Quality Council of India Indian Council of Arbitration Power More…. News More…. Tata Power Delhi seeks to exit 340 Mw purchase pacts Tata Power Delhi Distribution (TPWR), which lights up every third home in the country's capital, wants to surrender purchase contracts for 340 megawatts of electricity because of higher fuel costs passed on by producers. Read More….. NTPC to evaluate 4-5 private firms' takeover proposals out of 34 Of the 34 proposals received by country's largest power utility NTPC for takeover, the company said it has found only about five offers worth considering. Read More…. Tata Power Solar partners Bajaj Finance for selling products Tata Power Solar has partnered with Bajaj Finance to provide interest-free loan options for solar products of about Rs 2.5 lakh to consumers. Read More…. Private power sector seeks changes in bidding norms for UMPPs The private power industry has proposed changes in the bidding norms for two Ultra Mega Power Projects (UMPPs) planned to be set up in Odisha and Tamil Nadu. Read More…. Power PSUs fall short of investment target State-owned power generation companies have cut down investments as the need grows for energy access to all. Last year's budget projected Rs 51,263 crore investment by public sector units in power generation, they actually invested Rs 49,731 crore. Read More…. Increase in clean energy cess on imported coal: Adani, GVK and Tatas to redraw foreign assets Indian companies having coal mines abroad, such as Adani,Tata Power and GVK, will have to redraw their strategy. Read More…. Tata Power plans to raise Rs 7,000 crore Tata Power , which is pursuing “aggressive growth plans”, has sought shareholders’ nod to raise up to Rs 7,000 crore through issue of non-convertible debentures (NCDs).  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 2006—2015 © ContractorIndia.com; All rights reserved G M Rao to raise stake in GMR Infra G M Rao , chairman of the publicly-held GMR Infrastructure, plans to increase his stake in the company by about five per cent through the subscription of 180 million warrants for which he will pay about Rs 600 crore over an 18-month period.  Read More…. Crompton Greaves consumer arm to be demerged, listed Crompton Greaves has decided to demerge and list its profitable consumer product business, sparking speculation of a stake sale by its promoter, the Avantha Group. Read More…. 27 SEZ developers seek more time to execute projects As many as 27 special economic zone developers, including Gulf Oil Corporation, Navi Mumbai SEZ and DLF Info Park have sought more time from the government to execute their projects. Read More…. Lenders might declare Dabhol project NPA in two weeks The Ratnagiri Gas & Power Pvt Ltd (RGPPL) on Tuesday indicated that lenders of the 1,967 Mw Dabhol project, might declare it a non-performing asset (NPA) within the next two weeks. Read More…. Alstom, NASL to renovate & modernise NTPC's Odisha plant Alstom and NASL have bagged a contract worth 13 million euro (Rs 107.4 crore) from NTPC for renovation and modernisation of the state-run firm's Odisha thermal power plant. Read More…. DLF, Phoenix, Embassy look to launch investment trusts Real Estate developers like DLF, Phoenix Mills and Embassyare studying options to launch Real Estate Investment Trusts(Reits) after Finance Minister Arun Jaitley announced the income they generate will be taxed at the hands of investors. Read More….

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