Latest news with #ProcurementandConstruction
The Hindu
28-05-2025
- General
- The Hindu
November 9 tentatively set for demolition of Chander Kunj Twin Army Towers in Kochi
The district committee has set November 9, 2025 as the tentative date for the demolition of the twin towers of Chander Kunj Army Towers at Vytilla in Kochi, Kerala, and October 31, 2029 for handing over the newly built apartments. This was part of the elaborate four-phase plan the committee has drawn up for the proposed demolition and reconstruction of the twin towers starting with the evacuation of affected families by July 31. The district committee, with the District Collector as convener and representatives of the Army Welfare Housing Organisation (AWHO), residents association, experts and officials associated with the demolition and reconstruction, was formed in compliance with the Kerala High Court order dated February 3, 2025. Two months for the evacuation of the affected families marks the first phase of the process. The affected families will be given three weeks' notice ahead of evacuation. The committee has asked AWHO to release three months' rent based on the category of the apartment unit they have been holding as decided by the court. Besides, each family should be given ₹30,000 each towards shifting charges. AWHO has been asked to make the first payment to the apartment owners by June 17, 2025. The demolition of the towers will mark phase two. It would start with the invitation of tender for demolition on July 1, 2025, followed by its finalisation on August 7, 2025. Two months between August 16, 2025 and October 16, 2025, would be devoted to the preparation of the engineering design for the demolition. Demolition by implosion Preparation of structures for demolition by implosion would take two months from September 1 to November 1. November 9 has been set as the tentative date for demolition. Cleaning of the demolition site by removing the debris is likely to be completed in two months by January 9, 2026. Finalisation of the project management consultant (PMC) would mark the third phase. The tender for PMC would be invited on July 8 and finalised on August 2. This will be followed by the invitation and finalisation of tender for civil contractor in EPC (Engineering, Procurement and Construction) Contract by December 7, 2025. The design would be finalised between January 9, 2026, and February 28, 2026, and approved by March 31, 2026. The six-month-long piling and foundation works between April 1, 2026 and October 30, 2026, would mark the beginning of the fourth phase. Reconstruction works would be finished in two-and-a-half years by July 31, 2029. Yard levelling, numbering of the apartments and their eventual handover would be completed in the next two months.
Time of India
12-05-2025
- Business
- Time of India
KEC International secures Rs 1,034 crore orders across power, civil, and cables segments
Ltd, the flagship Engineering, Procurement and Construction (EPC) arm of the , has kicked off the financial year with a strong order book, announcing new contracts worth Rs 1,034 crore from both domestic and international markets. Tired of too many ads? go ad free now The fresh orders span key verticals including transmission & distribution (T&D), civil infrastructure, and cables, the company said in a stock exchange filing, according to news agency PTI. The contracts include: Supply of towers, hardware, and poles in the Americas Construction of a semiconductor plant for a prominent Indian private sector client Execution of an upstream project for a leading Indian steel manufacturer Supply of various types of power and specialty cables Commenting on the development, Vimal Kejriwal, Managing Director & CEO of KEC International said 'We are pleased to begin the financial year with prestigious order wins in emerging and high-growth segments. Our T&D business has reached a key milestone by securing its first-ever STATCOM order, marking a strategic shift in the substation value chain.' Kejriwal also highlighted the civil business's entry into the semiconductor space through a landmark project with a new client, as well as a repeat order in the metals and mining sector, further strengthening its portfolio. With operations spanning , civil, transportation, renewables, oil & gas pipelines, and cables, KEC International continues to consolidate its position as a global infrastructure solutions provider.
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Business Standard
08-05-2025
- Business
- Business Standard
Dilip Buildcon Q4 profit surges to ₹171 crore on coal, HAM portfolio
Dilip Buildcon's profit attributable to owners of the parent for the fourth quarter of the financial year 2025 (Q4 FY25) grew multifold year-on-year (YoY) to Rs 170.83 crore, supported by earnings from its coal and hybrid annuity model (HAM) portfolio. The company had reported a net profit of Rs 5.34 crore in Q4 FY24. However, revenue from operations declined 13.2 per cent YoY to Rs 3,096.1 crore. Total expenses during the quarter stood at Rs 2,831.51 crore, down 16.2 per cent YoY. The company's earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding other income, came in at Rs 209 crore, down 40.8 per cent YoY. The EBITDA margin also fell to 9.03 per cent in Q4 FY25, compared to 12.02 per cent in Q4 FY24. Devendra Jain, managing director and chief executive officer of Dilip Buildcon, said the company's Engineering, Procurement and Construction (EPC) business is currently facing 'industry headwinds due to muted ordering activity across the infrastructure vertical.' 'At the same time, a strong ramp-up in our coal business and a maturing road HAM portfolio supported our earnings and cash flow. These are reflected in our consolidated financials. We are optimistic about securing a decent quantum of orders in the coming quarters. Post that, all of our three growth engines will be in accelerated mode,' Jain added. During Q4 FY25, the company's joint venture, DBL-STL, received an advanced work order worth Rs 2,631.14 crore from Bharat Sanchar Nigam Ltd (BSNL), the state-owned telecom service provider. For the full year FY25, Dilip Buildcon's revenue stood at Rs 11,316.72 crore, a decline of about 5.8 per cent YoY. However, net profit rose sharply to Rs 640.82 crore, compared to Rs 194 crore in FY24. As of 31 March 2025, the company's net order book stood at Rs 14,923 crore, with roads and highways projects accounting for 21 per cent of the total. Sequentially, Q4 revenue rose 19.6 per cent, while profit jumped 48.2 per cent.
Indian Express
03-05-2025
- Business
- Indian Express
MSRDC to scrap Rs 26,300-crore contracts for Virar-Alibaug Corridor, fresh tenders likely under BOT model
The Maharashtra State Road Development Corporation (MSRDC) is set to scrap 11 construction contracts worth Rs 26,300 crore that were awarded by the Eknath Shinde government to seven civil engineering firms for constructing the first phase, totaling 96.47 km, of the ambitious 126-km Virar–Alibaug Multi-Modal Corridor (VAMMC) project. While the earlier tenders were awarded under the Engineering, Procurement and Construction (EPC) model, the government is now contemplating floating fresh tenders to build the entire project under the Build-Operate-Transfer (BOT) model. The Virar–Alibaug Multi-Modal Corridor is a long-planned infrastructure project under consideration since 2011. It is a 8–14 lane access-controlled expressway that was originally supposed to be built by the Mumbai Metropolitan Region Development Authority (MMRDA), but was handed over to the MSRDC in 2020. The expressway will connect three districts — Raigad, Thane and Palghar. Its construction will be carried out in two phases. Phase one is a 96.41-km highway between Navghar near Vasai and Balavali near Pen. Phase 2 is a 29.9-km highway between Balavali and Alibaug. The 165-km-long corridor has been planned to decongest traffic in and around Mumbai Metropolitan Region. Initially planned under the EPC model, the project faced a major setback when bids for its first phase came in nearly 36% higher than the estimated cost. In May 2024, MSRDC split the tender into 11 packages, and seven infrastructure companies were declared the lowest bidders. These included Larsen & Toubro (L&T), Navayuga Engineering Company (NECL), Oriental Structural Engineers (OSE), IRCON International, J Kumar Infraprojects (JKIL), Megha Engineering and Infrastructures (MEIL), and Welspun Enterprises (WEL). While the quoted price for these packages was Rs 19,334 crore, the contracts were awarded at Rs 26,300 crore. However, with the new government helmed by Chief Minister Devendra Fadnavis, a decision has been made to review the tenders. The government is now contemplating implementing the project under the BOT model. Under this model, a private entity is granted a concession to finance, design, and construct the infrastructure. After construction, the private party operates and maintains the facility for a specified period to recover its investment and earn a profit, usually through user fees or tolls. 'After all financial considerations regarding the corridor project, we have proposed the BOT model to the government. While we are working on land acquisition, we await the government's response to the proposal,' Anilkumar Gaikwad, Managing Director of MSRDC, said. The total estimated cost of the 165-km corridor is Rs 66,000 crore, of which Rs 22,300 crore is earmarked for land acquisition. Officials said that under the old model that was envisaged by the MSRDC it had been difficult to raise money from institutions to fund the project because of which a change in approach is now being contemplated. A proposal to this effect has been submitted to the state government which is expected to give its go ahead for calling of fresh tenders.
Zawya
17-02-2025
- Business
- Zawya
Saudi's Luberef targets Yanbu Growth II project completion in 2025
Saudi Aramco Base Oil Company (Luberef) will focus on executing the Yanbu Growth II project in 2025, according to President and CEO Samer Al-Hokail. 'The project is the cornerstone of our expansion strategy,' he said in the company's 2024 result statement. The CEO said the project will enable the company to produce Group III base oils, making it the region's sole producer of all three base oil groups. The project will enhance production flexibility, helping maximise utilisation capacity and capture opportunities in high-netback lubricant markets. In February 2023, Luberef awarded a 555-million Saudi riyals ($148.55 million) Engineering, Procurement and Construction (EPC) contract to Egypt's Petrojet for the Yanbu Growth II expansion project. The expansion will expand the Yanbu facility's base oils (Group II and Group III) production capacity to 1.3 million metric tonnes (MT) per annum by 2025. Luberef's 2024 net profit fell 36 percent year-on-year (YoY) to SAR 972 million , driven by a decline in base oil and by-product margins. Revenue rose six percent YoY to SAR 10 billion. (Editing by Anoop Menon) (
