Latest news with #HPPC
Time of India
5 days ago
- Business
- Time of India
CCTV network, power substations & cycle tracks: Gurgaon gets s 141cr infra push
Gurgaon: A long-pending project costing Rs 109 crore aimed at boosting urban safety and streamlining traffic movement has got Haryana govt's approval. Overall, projects worth Rs 141 crore have been approved for the city. Tired of too many ads? go ad free now Nearly three years after completing Phase 1, GMDA finally received the green light to begin Phase 2 of the city-wide CCTV surveillance and adaptive traffic management system. GMDA officials said that work would begin shortly after allotting the work to the contracting agency. The proposal was approved on Monday at a meeting of the high-powered purchase committee (HPPC) chaired by chief minister Nayab Singh Saini. Phase 1, comprising 1,200 cameras at 218 locations, was completed in Aug 2022. However, the second phase — involving 2,722 cameras at 258 new locations — was awaiting HPPC clearance since GMDA floated tenders in March last year. A GMDA official said, "With approvals now in place, we will move swiftly to issue work orders and mobilise execution. The expanded network will strengthen real-time monitoring, public safety and traffic regulation. " The HPPC meeting also cleared two more city projects — a Rs 17.3 crore 66kV substation at Chandu Budhera WTP to power upcoming filtration units and a Rs 14.7 crore cycle track and footpath corridor along sectors 58–61 and 59–61. The substation will be developed on a 15-acre site, with two 10 MVA 66/6.6kV transformers and two 3,000 kVA 6.6/0.415kV transformers, among other infrastructure. It is expected to be completed within 12 months of allotment. Tired of too many ads? go ad free now This is aimed at ensuring uninterrupted power to three new filtration units — one of which is partially operational, another under construction and the third still at the tendering stage. Though the substation will take a year to commission, until then, the new filtration unit at the plant will continue operating on temporary power drawn from an 11kV feeder from the Daultabad substation. Similarly, 4km of cycle track and footpaths will be constructed along master roads between sectors 58–61 and 59–61, near Golf Course Extension Road. The project aims to encourage the use of non-motorised vehicles by creating dedicated cycling lanes and improving pedestrian walkways. GMDA has set a nine-month timeline for completion once work begins. However, two sewerage projects, which are meant to fix overburdened and damaged master lines along Sohna Road and from sectors 33–34 to Hero Honda Chowk and near Basai Chowk, were not approved as the bids quoted were over 50% above estimates. Officials now say that fresh tenders will be issued shortly after revising the estimates.
Time of India
6 days ago
- Business
- Time of India
Haryana nod to major contracts, infra projects in high-powered purchase committee meeting
Chandigarh: In a meeting chaired by chief minister Nayab Singh Saini, Haryana govt approved contracts and purchases of goods worth over Rs 1,640 crore on Monday. Nearly Rs 61 crore was saved through rate negotiations with various bidders. The approval was given in meetings of the state govt's high-powered purchase committee (HPPC), departmental high-powered purchase committee (DHPPC), and high powered works purchase committee (HPWPC). Haryana ministers Krishan Lal Panwar, Rao Narbir Singh, Dr Arvind Sharma, Shyam Singh Rana, Ranbir Gangwa, and Shruti Choudhry, along with minister of state Rajesh Nagar, were present at the meeting. In addition, Haryana minister Vipul Goyal participated via videoconferencing. To strengthen sanitation in rural areas, the state govt approved the provision of hopper tipper dumpers to mahagrams and gram panchayats with a population of over 7,500. A total of 298 hopper tipper dumpers will be procured for Rs 19 crore, enabling panchayats to manage waste independently at the village level. In addition, approval was granted for the purchase of books for libraries being established in villages. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The initiative aims to create a conducive educational environment within villages. Further approvals include the purchase of computer systems, Wi-Fi, and CCTV equipment for the e-libraries, as well as the procurement of 4,500 laptops for use by gram sachivs and CPLOs. These will cost about Rs 31.5 crore. In the meeting, approval was granted for the construction of govt model senior secondary school at Mandi Dabwali in Sirsa district, at an estimated cost of Rs 11 crore. Also, the purchase of 1,415 computers for cluster schools was approved, with an expenditure of Rs 6.8 crore. Approval was also given for the construction of the zila parishad vikas bhawan in Gurgaon, with a cost of Rs 61 crore. Approval was granted for the strengthening of three key road projects: the 24-km Dadri–Bond road, the 18-km Dadri–Chidya road, and the 20-km Assandh–Sirsal road. These projects will be undertaken at an estimated cost of Rs 78 crore. The Chief Minister said that there should be no compromise on quality and directed that all works must be completed within the stipulated timeframe. Additionally, approval was given for the remaining construction work of the Civil Hospital building in Ambala Cantt, which involves expanding capacity from 100 beds to 200 beds. The committee also approved the purchase of testing kits for soil-testing laboratories, aimed at assessing soil health, at an estimated cost of Rs 8 crore. Additionally, special repair works were sanctioned for Shaheed Hasan Khan Mewati Government Medical College, Nalhar. These include road repairs, public health improvements, electrical services, fire-fighting systems, and HVAC upgrades, with a total cost of approximately Rs 12 crore. Chief secretary Anurag Rastogi, additional chief secretary of home department Dr Sumita Misra, principal secretary to chief minister Arun Kumar Gupta, additional principal secretary to chief minister Saket Kumar, director general of supply and disposal department Pankaj, besides administrative secretaries of the concerned departments, were present in the meeting.
Time of India
30-05-2025
- Business
- Time of India
CCTV cameras to cycle tracks: 5 key infrastructure projects in Gurgaon await CM nod
Gurgaon: Haryana chief minister Nayab Singh Saini will chair a meeting of the high-powered purchase committee (HPPC) on Monday to review and clear key infrastructure and utility projects across the state. Tired of too many ads? go ad free now At least five major projects worth Rs 223 crore are likely to be tabled for approval for the city, including phase 2 of the city-wide CCTV installation project — a 66 kV substation at the Chandu Budhera water treatment plant — construction of footpaths and cycle tracks in sectors 58–61 and 59–61, and two large-scale sewer line upgrade projects across the city. The second phase of the city's adaptive traffic management and surveillance system, estimated to cost Rs 160 crore, was pending approval for nearly eight months. GMDA floated tenders in March 2024, and five firms were found technically eligible by Oct last year. The proposal, however, was stuck due to the mandatory clearance required from the HPCC for projects over Rs 10 crore. GMDA, through the project, aims to install 2,722 CCTV cameras at 258 locations across the city. The plan was approved in June 2022, during GMDA's 10th authority meeting. It is expected to boost traffic regulation and public safety in several areas. Under Phase 1, GMDA had installed 1,200 cameras at 218 locations across the city and Manesar by August 2022. Pertinent to note that the prolonged delay in Phase 2 impacted the rollout of Phase 3, which proposes to add 10,000 more cameras at 2,000 sites, including public spaces, community zones, and government buildings. "The case has been submitted for the high-powered purchase committee's approval. Once the work starts, it will take 18 months to complete the project," the GMDA official said. Tired of too many ads? go ad free now To ensure an uninterrupted power supply to the city's primary water treatment facility, GMDA proposed the construction of a 66 kV substation at the Chandu Budhera plant. The substation is expected to cost Rs 16 crore and will be completed in 12 months once approved. Currently, the new filtration unit at the plant is operating on temporary power drawn from an 11kV feeder from the Daultabad substation, which is inadequate for the plant's growing capacity. Three filtration units—one partially commissioned, one under construction, and one under tendering—will benefit from the new substation. Planned over a 15-acre plot, the facility will include four bays, two 10 MVA 66/6.6 kV transformers, and two 3000 kVA 6.6/0.415 kV transformers, along with supporting equipment. To improve pedestrian and cyclist mobility, GMDA proposed the construction of dedicated cycle tracks and footpaths along the 2 km master roads between Sectors 58–61 and 59–61. The Rs 15.9 crore project will include table-top crossings, green areas, bus lay-bys, play zones, and sitting spaces to promote non-motorised transport along the busy Golf Course Extension corridor. The timeline for completion is nine months once work is allotted. In addition, two sewerage projects costing over Rs 31 crore have also been put forward for approval. The first project, costing Rs 12.1 crore, involves desilting and rehabilitation of sewer lines of varying sizes from 450mm to 1800mm in diameter along the master road from Sectors 33–34 to Hero Honda Chowk and near Basai Chowk. It will be carried out using cured-in-place pipe (CIPP) technology to ensure long-lasting results and will take atleast nine months to complete. The second project, worth Rs 19.3 crore, will upgrade a severely damaged 1800mm master sewer line along Sohna Road from Subhash Chowk to Shishpal Vihar via Village Tikri.
Business Standard
28-04-2025
- Business
- Business Standard
Rossari Biotech Q4 PAT rises to Rs 34 crore in FY25
Rossari Biotech's consolidated net profit rose marginally to Rs 34.44 crore in Q4 FY25 as against Rs 34.13 crore posted in Q4 FY24. However, revenue from operations jumped 22.60% to Rs 579.56 crore in the fourth quarter of FY25 as against Rs 472.72 crore posted in the corresponding quarter last year. Profit before tax stood at Rs 47.71 crore in the quarter ended 31 March 2025, up 4.69% as against Rs 45.57 crore recorded in Q4 FY24. Total expenses rose 24.79% to Rs 533.79 crore during the quarter. Cost of material consumed stood at Rs 369.77 crore (up 21.65% YoY), employee benefit expenses stood at Rs 35.48 crore (up 41.69%), and finance costs were at Rs 5.50 crore (up 118.25% YoY) during the period under review. EBITDA dropped 9.27% to Rs 69.5 crore in the quarter ended 31 March 2025 as compared to Rs 63.6 crore posted in the same quarter the previous year. EBITDA margin reduced to 12% in Q4 FY25 as against 13.5% recorded in Q4 FY24. On a full-year basis, the company's consolidated net profit rose 4.35% to Rs 136.38 crore on 13.64% rise in revenue to Rs 2,080.29 crore in FY25 over FY24. Commenting on the performance, in a joint statement, Edward Menezes, promoter & executive chairman, and Sunil Chari, promoter & managing director, said, We concluded the year with a steady performance, navigating a soft and evolving operating environment. Revenues grew by 14% driven by healthy export momentum and resilient volumes across key categories. The HPPC segment remained the primary growth driver, supported by deeper market penetration and strong traction across agrochemicals, personal care, institutional and consumer business. The TSC and AHN segments recorded modest revenue growth, contributing positively to the overall performance. We remain optimistic about their medium-to-long-term potential, supported by ongoing portfolio optimization efforts Export markets continued to perform well during the year, validating our strategic investments in global partnerships and differentiated solutions. We are also encouraged by the growing momentum in emerging verticals such as institutional cleaning and B2C businesses, which reflect our ability to build scalable, value-added platforms aligned with evolving customer needs. We continue to invest in capacity enhancement to strengthen our growth foundation and are pleased to announce an additional capex of Rs 97 crore for expansions at our subsidiaries, Unitop Chemicals and Tristar Intermediates, along with Rs 95 crore at Rossari Biotech. These projects, expected to be commissioned in a phased manner by Q4 FY26, are aimed at supporting growth across our key chemistries, improving operational efficiency, and enhancing supply reliability. Our previously announced expansion projects are progressing well, with commissioning expected by Q2 FY26. With these capacity additions, we are well-positioned to meet growing demand across end-user industries. Looking ahead, we remain focused on delivering sustainable, profitable growth through sharp execution, customer-centric innovation, and strategic diversification. Supported by a strong balance sheet, an agile business model, and a growing global footprint, we are confident in our ability to maintain healthy growth momentum in the coming years. Meanwhile, the companys board has declared a final dividend of Rs 0.50 per share each for the financial year ended 31 March 2025, which shall be paid/dispatched within 10 working days from the conclusion of the 16th Annual General Meeting, subject to approval of the members of the company. Rossari Biotech is a specialty chemical manufacturer and offers tailor-made solutions for home, personal care and performance chemicals (HPPC), textile speciality chemicals and animal health and nutrition (AHN). The counter shed 0.79% to Rs 693.25 on the BSE.
Time of India
27-04-2025
- Business
- Time of India
Discoms face losses due to poor market assessment by Haryana Power Purchase Centre
Chandigarh: Call it a lack of expertise or serious lapse on part of the Haryana Power Purchase Centre (HPPC), the short-term power agreements made by it at exorbitant rates have ended up shelving the stocks at throwaway rates under the exchange. Tired of too many ads? go ad free now According to information, during FY 2023-24, the HPPC contracted 7,740 million units of energy worth Rs 5,257.54 crore through short-term agreements from private buyers as augmentation for peak days. Later, the HPPC indulged in trade, and after failing to understand the market trends and demand and supply assessments, exchanged the agreements with other players at much cheaper rates, resulting in escalation in the aggregate technical and commercial (AT&C) losses to the power discoms. All this came to light after the orders of the Haryana Energy Regulatory Commission (HERC), which highlighted the lapse while disposing of the aggregate revenue requirements (ARR) filed by the Haryana power utilities for FY 2025-26. The regulatory body headed by Nand Lal Sharma cautioned the HPCC against such losses and asked it to put experts in place. The HPPC arranges power through short and long-term agreements for consumption. Haryana has an average consumption of 8,000 MW to 10,000 MW on average days, which goes up to 15,000 MW. Since Haryana has less of its own generation, largely the power is arranged through its share in national hydel and thermal projects along with long-term agreements. The HPPC is the nodal agency mandated for this arrangement based on demand and supply assessments given by the electricity distribution companies. Tired of too many ads? go ad free now Sources said the lack of expertise in assessing market trends as well as non-availability expert staff to monitor the markets on a 24x7 basis caused HPPC losses. Meanwhile, it was claimed that the state had surplus energy during the contentious period, which forced the agency to sell off or exchange electricity with other centres across the country at lower rates. The said stocks were procured through special permission given by the govt of Haryana for the preparation of peak days. All this happened when Ranjit Singh Chautala was the power minister, claimed the sources. "Electricity cannot be stored. Secondly, the consumption of electricity, demand, and supply is dependent on weather conditions. In case of good rains, you may have less demand, while less rain can escalate the demand. But you have to have adequate arrangements as an agrarian state. It's not just Haryana, the situation is encountered by other power purchase centres as well," remarked a senior power discom official. MSID:: 120669575 413 |
