Gold
Are we set for a tidal wave in construction?
Holcim’s divestment of its pre-eminent position as the second largest cement manufacturer in India with brand Ambuja and brand ACC was sold in a matter of days despite the prized tag of over $ 10 billion. Not only did the deal close within days, the open offers it triggered were also rolled out in quick succession, making the total investment for the winning bidder, the Adani Group, $ 10.5 billion, plus another $ 3.5 billion towards the acquisition of shares through the open offer. The private sector, which has remained shy during the past eight years, is seen to have made a beeline for this acquisition with JSW Group and Aditya Birla Group stitching solutions for finances and beating policy hurdles respectively.
This is one of the biggest deals in the history of building materials in India. The Adani Group has been particularly proactive, snapping up airports, roads, ports, logistics, green energy and now cement too. In December, Adani Enterprises won contracts from the Uttar Pradesh government to build three stretches of the 594-km Ganga Expressway. The fourth section was awarded to IRB Infrastructure, where Adani’s share of work is 80 per cent of the total project. Now, Adani is in talks to raise Rs 120 billion from SBI towards this massive project. Its capex plan for the next two years includes $ 4.2 billion for airports and $ 2.2 billion for roads alone. The group’s roads portfolio comprises 14 projects with over 5,000 lane km with asset value exceeding Rs 41,000 crore spread across India.
Meanwhile, it is heartening to see the Finance Minister proactively moving in with…Ganga Expressway
Holcim
Click here to read more
REC Transfers HVDC Project to Power Grid
REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..
NF Railway Collaborates with IIT Guwahati
The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..
Danapur Division Modernization Plans Revealed
The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..
Opinion Poll
Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?
Latest updates
