DMRC to build nine substations for Phase III metro

DMRC is planning to construct nine power substations and strengthen four existing ones for the under-construction Phase III of the metro rail project in Delhi.

The new substations will come up at Yamuna Vihar, Vinod Nagar depot, INA, Dhaula Kuan, Mukundpur depot, Kalkaji, RK Puram, Palam and Faridabad. The nine new substations, along with the existing four, will also power the Badarpur-YMCA Chowk corridor. Auxiliary power at 33kV and traction power at 25kV will be supplied from the new substations to the Phase III stations. The four operational power substations of DMRC will be enhanced so that their feeds can be extended to the Phase III corridors as well. These operational substations are Jahangirpuri, Subhash Nagar, Botanical Garden and Kashmere Gate.

The Phase III slated to cover 103 km, will have two new corridors – Mukundpur to Shiv Vihar and Janakpuri (west) to Botanical Garden.

CCI nod to JK Sugar’s merger with Dhampur Sugar Mills

The Competition Commission of India (CCI) has accorded approval to the proposed merger of JK Sugar with Dhampur Sugar Mills (DSML).

Dhampur Sugar Mills in June 2012 had said that it has approved the merger of JK Sugar (JKSL) with itself. JK Sugar has sugarcane crushing capacity of over 4,000 tccpd. Other than sugar, both the companies also generate electricity from bagasse, by-product left after crushing of cane, and sell molasses as well, another by-product.

Kumar Urban to invest in shopping complexes

Kumar Urban Development (KUL) has launched a series of shopping complexes at different locations in India.

The company will be investing over Rs 250 crore for these projects. The shopping complexes will come up at Balewadi Hinjewadi (KUL Ecoloch Town Square), Bibewewadi (KUL Plaza), and the Baner-Pashan Link Road (KUL Symphony Plaza), KUL Square Kondhwa etc in Pune. All the complexes have been designed to have ample parking space. The maximum number of 140 shops will be accommodated at KUL Plaza, Bibewewadi. KUL Ecoloch Town Square will have 65 shops. This will take care of the IT/ITES work force of Hinjewadi and Baner.

JNPT awards dredging contract to Boskalis

Jawaharlal Nehru Port Trust (JNPT) has issued a work order to Dutch firm Boskalis International b.v. for dredging its main navigational channel.

The entire dredging across the 34-km channel is expected to be completed within 25 months at about Rs 1,370 crore. The dredging contract was awarded on ‘assured depth’ basis, a first-of-its-kind capital dredging project in the country. On completion, the project will widen the channel by up to 370 mtrs and deepen it up to 14 mtrs. This will allow ports to accommodate vessels with 6,000 TEUs (twenty-foot equivalent unit) capacity.

Sagar Cements, Vicat JV to commence production in October

The JV cement plant of Sagar Cements and the Vicat Group of France is likely to begin production in October 2012, at Chatrasal in Gulbarga district of Karnataka.

The clinkerisation is expected to be completed by September 2012. The plant is expected to be fully operational with cement production beginning in October 2012.

The Rs 2,500-crore plant is coming up in two phases. The Phase I had a Rs 1,650-crore investment with a cement production capacity of 2.5 million tonne. The total capacity, including the Phase II, will be at 5.5 million tonne by 2014.

Avantha Power and Infrastructure to raise funds through IPO

Avantha Power and Infrastructure (APIL) is likely to float an Initial Public Offer (IPO) to raise Rs 1,000-1,500 crore.

Currently, the company is in the process of finalising its initial plans for the IPO. APIL is a power generation company with 191 MW of operational thermal power capacity, 2,460 MW of generating capacity under various stages of implementation and 1,320 MW of generating capacity under planning. Once all of these projects have achieved commercial operation, the company will have total installed capacity of 3,971 MW. It has four wholly owned power plants in Ballarpur and Bhigwan (both in Maharashtra), Yamunanagar (Haryana) and Sewa (Orissa). It also has a 59 per cent stake in a gas based plant at Malanpur (Madhya Pradesh). APIL’s two thermal power projects in Raigarh (Chhattisgarh) and Seoni (Madhya Pradesh) are under various stages of implementation and one thermal power project in Gujarat is under planning.

Earlier, in 2010, the company had filed draft IPO documents with SEBI and the regulator gave its go-ahead a few months later in August 2012 for the public offer. However, adverse market conditions forced it to postpone the IPO.

PFCCL scouts partner for consultancy business

PFC Consulting (PFCCL), a wholly owned subsidiary of PFC, is scouting for a partner to provide consultancy in project and design engineering and project management of thermal power plants.

PFCCL is looking at entering into an equal JV with an organisation with international presence and experience in providing consulting solutions in coal based thermal generation—so that Indian power sector could access the best international consulting expertise.
The company is mandated to promote, organise and carry on consultancy services and to undertaking jobs related to the development of ultra mega power projects.