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Construction News
Hydro push
Patel Engg bags project in the United States
India's leading civil infrastructure construction company
Patel Engineering has bagged the $ 280 million Taum Sauck
Upper Reservoir Dam reconstruction project, the largest RCC
dam in Missouri, USA. This is a negotiated contract between
Amren and Ozark Constructors (a 50-50 joint venture between
ASI, a wholly-owned subsidiary of Patel Engineering, and Fred
Weber) The project will be executed by Patel Engineering's
wholly-owned subsidiary ASI RCC. The Taum Sauk Plant is owned
and operated by Ameren UE, a subsidiary of Amren Corporation,
St Louis. The Tom Sauck plant is a reversible pumped storage
project used to supplement the generation and transmission
facilities of Amren UE. Ozark has been chosen to rehabilitate
the existing dam at Tom Sauck. The scope of work involves
rebuilding the existing inoperable upper reservoir with the
construction of a concrete-faced symmetrical roller compacted
concrete (RCC) dam.
Sujana for Rs 800 cr expansion
Sujana Metal Products Ltd (SMPL) will be investing Rs 800
crore by June 2010 on expansion, modernisation and backward
integration projects. “Out of the total investment,
Rs 370 crore will be used for two greenfield projects, Rs
100 crore for modernisation of the existing units and the
rest, Rs 330 crore, will be utilised for working-capital requirements,”
Y S Chowdary, Chairman, Sujana Group, said. SMPL is currently
in the process of setting up sponge iron and billet plants
in Chennai and Hyderabad. “The Chennai unit will have
a capacity of three lakh tonne and will require an investment
of Rs 200 crore. The Hyderabad unit will have a capacity of
2.5 lakh tonne and we are looking at investing Rs 170 crore,”
he said. Out of the total investment required, it would raise
Rs 470 crore through term loans while Rs 130 crore from internal
accruals. Chowdary said, the balance Rs 200 crore will be
the promoter's contribution. SMPLhas also acquired three steel
units - Saritha Steels, Glade Steels and Sree Ganga Steels
- located in Visakhapatnam, Hyderabad and Chennai. The total
cost of the acquisitions was Rs 180 crore, he said.
JK plans five more RMC units
JK Lakshmi Cement, part of JK Group, is adding five more ready-mix
concrete (RMC) units as part of its expansion plans. At present,
it has 10 RMCs, and the addition of another five will be completed
by the end of current fiscal with an investment of Rs 100
core. The RMC units will come up around Delhi and the NCR
region, including Noida and Greater Noida. Its ongoing capex
is expected to be completed by the end of December, which
will take its clinker and grinding capacities to 4.75 million
tonnes per annum (mtpa) and 3.63 mtpa, up from 3.65 mtpa and
2.97 mtpa, respectively. Cement capacities will be added at
the current location at Sirohi (South Rajasthan) while a new
unit has come up at Kalol (East Gujarat) with a capacity of
0.55 mtpa. Clinker capacity expansion would be undertaken
at Sirohi. Of the total capex of Rs 220 crore, Rs 7 crore
was incurred in FY08 and the balance would be expended in
FY09. Additionally, the company plans a 2.5-mtpa greenfield
unit in Chhattisgarh with a capex of Rs 400-500 crore. The
project is scheduled to be commissioned by 2011.
Hindustan gets order from Vedanta
Hindustan Dorr Oliver Ltd has got an order from Vedanta Aluminium
Ltd worth Rs 250 crores for design, engineering, procurement,
manufacture, supply, civil works, erection, construction,
testing, commissioning and performance guarantee tests of
settler and washer package along with associated facilities
for expansion of their 3 MMTPA alumina refinery projects at
Lanjigarh, Orissa, India. FLSMIDTH Dorr-Oliver Eimco
GmbH, Germany is the company's technology partner for the
project.
IICT, BHP signs MoU
The Indian Institute of Chemical Technology (IICT) has signed
a memorandum of understanding (MoU) with Australian mining
giant BHP Billiton. The understanding with BHP Billiton Innovation,
Melbourne, would entail joint research in mining and mineral
processing areas, J S Yadav, Director, IICT said. BHP Billiton
Innovation manages the technology and intellectual property
portfolio of the BHP Billiton group of companies, whose operations
include mining and minerals processing at sites around the
world. The Hyderabad-based IICT and BHP Billiton envisage
that they will collaborate in relation to R&D projects
in the areas of mutual interest, facilitating the visit or
exchange of scientists and students between the parties' research
facilities, and scholarship by BHP Billiton for PhD and post
doctoral students of IICT. The IICT has expertise and capabilities
in the area of hydrometallurgical treatment of minerals and
wastes for the separation and recovery of valuable metals
(with special reference to copper, cobalt and nickel), design
and synthesis of new materials for separation of hafnium from
zirconium tailings etc.
Sadbhav to acquire OBCL
Sadbhav Engineering, a construction firm, will acquire 74
per cent stake in Hong Kong - based Ocean Bright Corporation
(OBCL). The acquisition was carried out through the wholly-owned
subsidiary of the company Sadbhav Natural Resources, which
entered into an agreement to acquire 74 per cent stake in
OBCL. OBCL directly and through its subsidiaries holds licences
for prospecting iron ore, copper and lime stone in the provinces
of Tele, Nampula, Monica, Niassa of African country Mozambique.
Upon completion of prospecting, the licences of OBCL would
be converted into mining licences as per the mining law in
Mozambique. Sadbhav intends to have a separate set up for
its mining operations and given the scale of its proposed
mining operations, the company needs to significantly enhance
its staff strengths in Mozambique and Ahmedabad office, the
company said. At present, Sadbhav is executing a number of
mining services contracts for Gujarat Heavy Chemicals, Western
Coal Fields and Northern Coal fields Ltd with capacity of
20 million cubic metres per annum.
ABG bags Rs 127 cr contract
ABG Shipyard has bagged a Rs 127 crore order from an Italian
company for construction of shipping vessel. The company has
bagged the order from Italy - based Marnavi Spa for construction
of a vessel for anchor handling, towing, offshore supply operations.
The vessel would be of 2,500 dead weight tonne and with an
approximate length of 72 metre.
JSW to develop mines
JSW Steel plans to invest approximately $ 500 million over
the next three years to raise capacity of the iron ore mines
it has acquired in Chile. The company also plans to commence
commercial operations in the coking coal blocks, which it
acquired in Mozambique, by the end of this year. The JSW Vice-Chairman
and Managing Director, Sajjan Jindal, said, “We have
already paid $ 250 million to acquire 70 per cent stake in
the iron ore mine in Chile. Over the next three years we will
be raising the capacity of the mines to produce 20 million
tonne annually. For this we need to invest another $ 500 million.”
The company had acquired eight concessions in the mines located
at Atacama in Chile through its Netherlands-based wholly owned
subsidiary for exploration and exploitation of iron ore deposits.
The iron ore mines in Chile have an estimated deposit in excess
of 500 million tone.
PSL pockets Rs 1,928 crore order from Gail
Steel pipe maker PSL Limited, has bagged Rs 1,928 crore contract
from Gail India Ltd for supplying large diameter coated line
pipes for the Vijaipur-Dadri-Bawana Pipeline project. The
production against this order would commence in July 2008,
and would be completed within the coming financial year, PSL
said in a filing to the Bombay Stock Exchange (BSE).
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