&w=3840&q=100)
Lift code may hike prices 2-5%, urging states to adopt soon: Kone India MD
Deepak Patel Himanshi Bhardwaj New Delhi
Listen to This Article
With 15 states and one Union Territory already adopting the lift safety code issued by the Bureau of Indian Standards (BIS) ahead of its December deadline, the remaining states should implement it without delay. While the code may lead to a 2–5 per cent price increase, it is minimal and absorbable by customers, said Amit Gossain, Managing Director of Kone Elevator India, in an interview with Business Standard.
The BIS introduced this new code—IS 17900 Part 1 and Part 2—in 2022. It replaces earlier standards such as IS 14665 and IS 15785 and aligns India's elevator safety framework with global
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
9 hours ago
- Time of India
Nepal, China steel may face duty evasion probe
The Directorate of Revenue Intelligence may investigate steel imports from Nepal and China. This action aims to shield the Indian steel industry from substandard products. Nepal has become a major steel exporter to India. Concerns arise about Chinese steel being routed through Nepal. Some Chinese companies are allegedly falsifying quality compliance documents. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Directorate of Revenue Intelligence could initiate a probe into steel imports from Nepal and China, a move aimed at protecting the domestic industry from cheap, substandard imports, said people familiar with the comes after Nepal emerged as one of the top three steel exporters to India despite the absence of significant manufacturing facilities, they said."In some instances, a Nepal-based company was exporting steel many times over its nameplate capacity," an official told ET on condition of triggered apprehensions of Chinese steel being routed through Nepal, as alleged by the Indian has unilateral duty-free access to the Indian market, allowing its exporters to send steel products to India without paying any duty. On the contrary, direct exports from China attract at least 12% safeguard share in India's finished steel imports during the first three months of this financial year averaged 15.93%, making the neighbouring country the third largest steel exporter to India during this another instance, China's Shangyang Steel wrote to India's Directorate General of Foreign Trade alleging that other Chinese companies were falsifying documents affirming quality compliance. Shangyang Steel holds a certificate issued by the Bureau of Indian Standards (BIS)."The company alleged that other Chinese companies were misrepresenting the BIS certificate issued to Shangyang Steel and lying while exporting to India," the official month, the steel ministry issued a clarification saying that not only are finished and semi-finished steel imports required to adhere to quality control orders (QCOs) but also the raw material used as input needs to comply with the quality also found that some Indian importers with a BIS certificate were importing substandard steel products from China or Nepal and doing just cosmetic value addition to them."The QCO norms require importers not only to comply with the coating part for which it has certification, but also to ensure that the base material also sticks to quality norms," the official said.A BIS certificate is enforced through QCO, which the government order mainly affects the traders who act as middlemen in importing steel without adding any value to the steel. "MSMEs (micro, small and medium enterprises) are not affected by this order; it hurts the middle parties, and they are the ones who are creating a furore over this," the official added.
&w=3840&q=100)
Business Standard
3 days ago
- Business Standard
R P P Infra Projects hits 5% upper circuit on winning ₹1.43-crore order
R P P Infra Projects shares hit a 5 per cent upper circuit on Friday at ₹130.25 per share on BSE. At 11:54 AM, R P P Infra Projects shares were trading 4.8 per cent higher at ₹130 per share. In comparison, BSE Sensex was down 0.32 per cent at 80,929.76. Why were R P P Infra Projects shares surging in trade? The northward movement in the stock came after the company received a letter of acceptance for a new work order. Under the contract, the company will supply, test, commission, and certify one Kone elevator in the service building at NNTPS. The contract is worth around ₹1.43 crore and has to be executed within 18 months. That apart, recently, the company secured a new order worth ₹365.85 crore under the Jal Jeevan Mission, the company informed exchanges on Thursday. The letter of acceptance (LoA) for the project was received on July 10. The work will be executed by a joint venture named RPP-BCC IV, in which RPP Infra is the lead member, holding a 51 per cent stake. The contract involved retrofitting work to provide water supply through Functional Household Tap Connections (FHTCs) in 202 main habitations and 355 other habitations across Ajmer Rural, Arain, and Silora blocks in Rajasthan's Ajmer district. The project, sourced from the Bisalpur Dam System, also includes operation and maintenance services for a period of 10 years. About RPP Infra Projects RPP Infra Projects is a construction company primarily engaged in the business of infrastructure development, such as highways, roads and bridges. The company provides integrated engineering, procurement and construction services for civil construction and infrastructure projects. IT has diversified its civil works expertise into SEZ development, water management projects irrigation and power projects.
Time of India
4 days ago
- Time of India
Second list of solar models & manufacturers likely in 10 days
New Delhi: The government is likely to publish the ' approved list of models and manufacturers ' (ALMM)-II that would prescribe the specifics and manufacturers for solar cells in India within the next 10 days, two people aware of the development said. The list is used to mandate the use of locally made solar modules and cells to be used in projects. However, ALMM-II has not been published so far because "the installed solar cell capacity in the country was lower than demand" leading to ambiguity in the auctions. ALMM-I, which is currently applicable on solar modules, has worked like a non-tariff barrier and supported local capacity addition and halted imports. It prescribes the specifics and manufacturers in India that have been certified by the Bureau of Indian Standards . The Ministry of New and Renewable Energy had, last year, prescribed two important timelines for the mandate to use local solar cells. One was for the projects being tendered to have mandatory sourcing of solar cells from the second ALMM list, for which the cut off date was December 9, 2024.
