Mumbai, Jan, 25 (EPC News): Ramky Infrastructure Ltd has bagged several infrastructural projects valuing Rs1051.83 crore major towns of Delhi, Karnataka, Bihar, Punjab, Madhya Pradesh and Maharashtra in roads, Industrial, water & waste water, power and irrigation sectors.

In Delhi, the company has been awarded a project from Delhi State Industrial and Infrastructure Development Corp Ltd for the construction of low cost housing for urban poor/slum rehabilitation at Bawana - III (Pooth Khurd) Delhi comprising of 6480 Economic Weaker Section (EWS) houses in (G+4) Phase I for a value of Rs253.22 crore.

In Karnataka, the company has been awarded a project from Karnataka State Highways improvement project for upgradation of the road from Soundatti to Kamatagi (130 km) of SH - 34 and SH – 14 for a value of Rs225.50 crore.

In Bihar, the company has been awarded a project from Bihar Urban Infrastructure Development Corp Ltd for designing, providing, laying, testing & commissioning sewerage system and 10 MLD Sewage Treatment Plant for Bodhgaya town for a value of Rs92.75 crore.

In Punjab, the company has been awarded a project from PWD Amritsar for construction of Plaza at main entrance of Shri Harmandir Sahib at Amritsar for a value of Rs78.09 crore.

In Madhya Pradesh, the company has been awarded a project from M P Paschim Kshetra Vidyut Vitaran Co Ltd for construction of new 33/11 kV augmentation of capacity of power transformer & providing additional power transformer in existing 33/11 kV with extension of 33 kV & 11 kV bay along with vaccum circuit breaker (VCB) for a value of Rs58.55 crore.

In Maharashtra, the company has been awarded a project from Adani Power Maharashtra Ltd for execution of township consisting of 216 units of 2 BHK and 72 units of 3 BHK houses G+2 structures for 3300 MW power plant at Tiroda for a value of Rs52.88 crore.

EPC News Bureau

Mumbai, Jan, 25 (EPC News): PSL Ltd, a leading manufacturer of steel pipes, has secured several orders aggregating a total of approximately Rs924 crore within the past quarter for the provision of pipes and ancillary coating services.

Ashok Punj, Managing Director PSL Ltd stated, “All of these order were booked in the third quarter of the current financial year, which has been better than the previous two quarters. The fourth quarter is likely to continue along the same lines, reflecting an improved economic environment for the business.”The orders have been secured from leading engineering and construction companies which includes Nagarjuna Construction, Megha Engineering and Infrastructure, Pratibha Industries and SPML.

The order comprises the supply of steel pipes & coating services across the water, power, oil & gas and offshore sectors. The company is set to commence the work immediately and plans to commission some of its projects within the coming financial year. The company will engage 1.775 million tonne capacity of its plant located in Kandla in Gujarat for the production of this steel pipes.

EPC World News

Mumbai, Oct, 29 (EPC News): JSW Steel, India’s third largest producer of steel in India has considered going for bidding with Australian coal producer, ‘New Hope’. This proposed coal bid is supposed to be valued A$5 billion ($5.2 billion).

Buying New Hope, which operates the Acland coal mine in Queensland, based in Ipswich, would give JSW thermal-coal mines and an export terminal.

JSW needs coking coal for its steel operations and thermal coal to run its energy unit's operational and upcoming power plants in India, said the people. Manish Kalghatgi, spokesman at JSW Steel, said there was no proposal at this stage.

JSW, which imports almost all the coal it needs to fire its 2,330 megawatts plants, faced a doubling of raw-material costs in the year ended March as floods in Australia pushed up coal prices and fuel consumption increased with the addition of generation capacity. It plans to import 7 million to 8 million tonnes of coal this year, Lalit Kumar Gupta, chief executive officer of the energy unit, said in an interview.

"The New Hope asset is very big and will help the energy unit of JSW to secure raw material. It will be a huge task for someone like JSW to raise money for such an asset," said Abhisar Jain, an analyst at Centrum Broking in Mumbai.

Globally, coal deals have reached $32.1 billion this year against $21.8 billion in the same period last year, according to data compiled by Bloomberg.

JSW shares rose 1% to Rs586.25 at the close in Mumbai. The stock has plunged 50% this year, compared with a 17% drop in the benchmark BSE. New Hope closed up 1.7% in Sydney trading, valuing the company at A$5 billion.

EPC News Bureau

Mumbai, Oct, 12 (EPC News):The Walt Disney Company has acquired all the equity in UTV’s Indiagames for an estimated $80-100 million (Rs390-490 crore), said industry sources. Indiagames is a leading developer and publisher of mobile and online games.

Walt Disney had announced the acquisition of UTV Software Communications for $2000 crore. However, UTV had only 58% stake in Indiagames. Another 42% was held by its founder and promoter, Vishal Gondal. Walt Disney held 20,497,994 equity shares in Indiagames, accounting for a 50.44% stake.

Indiagames, founded in 1999, is one of the earliest Indian companies in the mobile and online gaming segment. It had revenue of Rs54.5 crore last year, with Rs2 crore profit. UTV had purchased Indiagames in 2006 for Rs68 crore. Indiagames has a market share of around 50%, say experts.

EPC News Bureau

Mumbai, Sep, 28 (EPC News): Alstom, in consortium with Brazilian engineering companies CESBE and Areva Koblitz, has been awarded an engineering, procurement and construction (EPC) contract worth approximately €310 million by Consorcia Amapa Energia, the company said in its release.

The contract will provide equipment for the new 373.4 MW Santo Antonio do Jari hydroelectric plant to be built on the river Jari in Brazil’s Amazonian region.

“The plant will be commissioned in late 2014,” says the company release.

It bags another contract worth just over €80 million by Odebrecht Peru Ingenieria y Construccion to provide power equipment for the new Chaglla hydroelectric dam in Huanuco, Peru, to be commissioned in 2015.

Hydropower accounts for 85% of Brazil’s power production and 27% in Peru. Alstom has supplied over 100 hydro turbines and generators to the Brazilian market over the past 10 years, accounting for 35% of Brazil’s installed hydro capacity. Alstom is currently diversifying its power generation mix to include more renewable power and it will supply the complete electromechanical package for the project, which includes a powerhouse with two vertical Francis turbines of 225 MW each, generators and electrical and mechanical auxiliary systems in Peru.

“This contract is a strong endorsement of Alstom’s market-leading hydro power technology and project execution capabilities because it requires extremely robust turbines with a large operating range in order to cope with the high river flow variations of the river Jari.” said Marcos Costa, Vice-President, Alstom Power Latin America.

EPC News Bureau

Mumbai, Sep, 24 (EPC News): Bharat Earth Movers Ltd has bagged two orders totalling Rs230 crore from Central Coalfields Ltd and Northern Coalfields Ltd, which are subsidiaries of Coal India Ltd.

According to the company, the orders were placed in August and September for supplying 100 tonne and 60 tonne dump trucks. It exports to more than 55 countries, having armed with a leading share in the domestic excavators market.

The defence enterprise has combined orders worth Rs4,712 crore for the year from all its businesses. BEML hopes to take its turnover to Rs4,200 crore from Rs3,600 crore in the last fiscal.

EPC News Bureau

Mumbai, Sep, 24 (EPC News): Elecon Engineering Company Ltd on friday said that it has procured an order worth Rs29.72 crore from Bharat Heavy Electrical Ltd (BHEL) for a project in Bihar.

“The order is for design, engineering, manufacturing, supply and erection of equipment for the project at Barauni thermal power station unit no 3-4 at Begusarai, Bihar”, said Mr Prayasvin Patel, CMD of Elecon.

EPC News Bureau

Mumbai, Sep, 24 (EPC News): Kirloskar Oil Engines Ltd has has received an order of Rs396 crore from Nuclear Power Corporation of India Ltd, the company said in its release, Saturday. 

The contract includes supply of 16 nos emergency diesel generating sets of 4.2 MW each.

"The company will execute this over next 42 months," the company release said.

EPC News Bureau