COIMBATORE: Engineering and construction company L&T Construction, has bagged a Rs 970-crore order for the construction of a huge IT campus in Kolkata.
However, the company has not disclosed the name of the IT client so far. The scope of the contract comprises the design and construction of the IT campus facility and the project would be undertaken on a joint venture model within 32 months.
Moreover, L&T Oman LLC, a joint venture between L&T International FZE and The Muscat Trading Co. LLC, has bagged an Rs 170-crore order from Oman Electricity Transmission Co for replacing portions of the existing 220 & 132 kV OHL from Mawaleh to Seeb GS and the project is to be completed within 15 months, the company said.
MUMBAI: IL&FS Transportation Networks Ltd has become the lowest bidder for the Orissa-West Bengal highway project.
The works consists of development of new bridges/structures, repair of current four-lane highway from Kharagpur to Baleshwar section of NH-60 for 119.30 km extending over Orissa and West Bengal under a build, operate, transfer (toll) project.
The tender has been floated by the National Highways Authority of India (NHAI). The project is worth the projected cost of Rs 471.05 crore and comes with a concession period of 24 years.
NEW DELHI: The recent surge in railway freight rates is likely to raise the cement prices by Rs 8 to Rs 10 per 50-kg bag. Mostly cement firms have already started the implementation of price increase.
The cement manufacturers are expected to witness further cost pressure with likely mark-up in petrol and diesel prices and possible coal price surge of 10-12% by Coal India to offset the rise in the wage costs.
ACC, which is mainly dependent on the railway network for going into the raw material and moving out finished products to and from its unit in Karnataka, is hoping that its output cost to surge.
The Railways is to mop up extra revenue of Rs 15,000-20,000 crore from the recent freight surge for commodities consisting of foodgrains, fertiliser, cement, coal and petroleum.
While the freight on coal and cement will rise in the range of 18%-24%, it will climb between 20-35% for food grains and fertilisers. The Railways have got a revenue target of Rs 70,000 crore from freight during the present financial year.
In January, the Railways has bagged revenue of Rs 615 crore by transporting 9.92-million tonnes of cement. It has also generated revenue of Rs 2,584 crore from the transportation of 41.35-million tonnes of coal, which is an important raw material for cement companies.
The overall freight earnings from commodities amounted to Rs 6,174 crore during January. The cement production in January jumped 10.6% to 20.6-million tonnes, while the dispatches rose 10% to 20.4-million tonnes.