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    Contract update: URC Construction bags order worth Rs 308 crore related to Bhubaneswar railway station

URC Construction Private Limited has bagged an order worth Rs 308 crore from the Rail Land Development Authority (RLDA). The order worth Rs 308 crore involves the construction of Integrated Redevelopment of Bhubaneswar Railway Station at Bhubaneswar, Khordha district. 

The period of completion of the work is 24 months.

Also Read: Contract Update: M/S Rajeev Gupta Bags Order For Construction Work In Madhya Pradesh

    Order worth Rs 2,333 crore bagged by Kalpataru Projects

Engineering and Infrastructure firm Kalpataru Projects International (KPIL) has secured orders worth Rs 2,333 crore. As per the firm new orders include Transmission & Distribution (T&D) business in India and overseas markets, an EPC (Engineering Procurement Construction) order for an industrial plant in the metal industry, and a residential building order in India.

KPIL secures the order with its Joint Ventures (JVs) and international subsidiaries.

Also Read: Contract Update: Kalpataru Projects Bags Order 160 Crore In Rajasthan

    RPP Infra Projects bags order worth over Rs 152 crore

RPP Infra Projects has bagged an order worth Rs 152.11 crore. The order involves the execution of design, engineering, and procurement for the construction of a new district jail with 1,026 capacity in the Hathras district of Uttar Pradesh. 

Earlier the firm with its Joint Venture (JV)  V Sathyamoorthy & Co. won the order for a major up-gradation of Raipur Railway Station on the engineering, procurement, and construction (EPC) model. 

Also Read: RPP Infra Bags Orders Worth Over Rs 482 Crore

    Kasheli to Mulund Water tunnel project: Afcons Infrastructure emerges lowest bidder for the project

Brihanmumbai Municipal Corporation (BMC) has declared Afcons Infrastructure as the lowest bidder (L one bidder) to construct a new water conveyance tunnel in Mumbai between Kasheli (Bhiwandi) and Mulund’s Octroi Naka. The tunnel is part of a larger water supply project, with another 14.1 km tunnel approved to connect the Yewai Master Balancing Reservoir to Kasheli (Bhiwandi).

The firm placed a bid of Rs 1899.36 crore. As per the tender, the work involves designing and constructing a Tunnel from Kasheli Bhiwandi to Mulund Octroi Naka.

Also Read: BMC Announce To Acquire 120 Acres Land

    16.5 Acres land acquired by Birla Estates in Pune

The wholly owned subsidiary of Century Textiles and Industries, and the real estate venture of the Aditya Birla Group, Birla Estates has acquired a 16.5-acre land parcel in Pune's Manjri locality. Acquired land has a development potential of approximately 32 lakh square feet with an estimated revenue potential of Rs 2,500 crore.

As a part of an integrated township, the proposed development will offer a variety of residential unit configurations.

Also Read: Birla Estates And Barmalt India Join Hands For Residential Project In Gurgaon

    BAFREL to develop 7 star resort in Mumbai

Fertilizer maker Bharat Agri Fert & Realty (BAFREL) has plans to develop India’s first 7-star resort on the outskirts of Mumbai. As per the firm, it would launch an additional 170 rooms, along with a state-of-the-art banquet hall and enhanced amenities by 2025-2026. Spread over 120 acres of freehold land the resort presents itself as a perfect venue for destination weddings on the picturesque banks of a river.

The resort would operate under the Anchaviyo brand and expansion will take place on the surplus freehold land at their existing Anchaviyo resort at an estimated cost of Rs 50-55 crore. 

Also Read: Two New Resorts Signed By ITC Hotel In Rajasthan

    Hindustan copper mine development: Adani, Hindalco show interest

Central Public Sector Undertaking (CPSU) Hindustan Copper is planning to develop two of its copper mines. For these projects, Adani Enterprises and Hindalco Industries have shown preliminary interest. The two firms attended the pre-bid conference. The mines with a combined capacity of 3 million metric tons are located in the eastern state of Jharkhand.

One of the mines called Rakha has been closed for 20 years.

Also Read: Hindustan Copper Undertake Capacity Expanison

    OYO launches luxury hotel in Dubai

Multinational hospitality chain OYO announced the opening of its first luxury hotel in Dubai named Palette Royal Reflections Hotel and Spa. This comes as the company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed its visa policy for them earlier this year. It expects more than 1 lakh Indian tourists to visit Dubai this year.

This new luxury hotel is part of OYO's ongoing efforts to strengthen its premium property footprints across the world, including the Middle East.

Also Read: OYO Shortlists 100 Hotels To Foray Into Sports Hospitality

    Shree Cement achieves 1GW installed power capacity

Cement sector major Shree Cement has announced achieving an installed power capacity of 1,000 MW with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit. This installed capacity includes a mix of solar, wind, thermal, and waste heat recovery power plants, showcasing Shree Cement's diversified approach to meeting the electricity demand for cement production.

The cement maker has invested Rs 4,000 crore to expand the renewable portfolio, which now accounts for nearly half of the installed power capacity.

Also Read: Shree Cement Inaugurate Its New Plant In Guntur

    Contract update: M/s Rajeev Gupta bags order for construction work in Madhya Pradesh

M/s Rajeev Gupta has bagged an order worth Rs 25 crore from Madhya Pradesh Building Development Corporation Limited (MPBDCL). The order is for the construction of the Government Excellence H.S. School, Ghughari, Mandla district, Madhya Pradesh.

The period of completion of the work is 15 months.

Also Read: Contract Update: Kalpataru Projects Bags Order 160 Crore In Rajasthan

Building

  •   250,000 Sq ft space taken by India Accelerator in Pune

    Flexi workspace operator India Accelerator has announced the addition of 250,000 sq ft across 7 centers in Pune, Gurugram, and Noida. As per the update, the firm added 3200 seats in Noida, 900 in Gurugram, and 400 in Pune. 

    The firm said this expansion with an investment of USD 4 million will enable them to cater to a wider audience of innovators, creators, and entrepreneurs.

    Also Read: New Co-Working Space Launched By IA

  
  

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Oil & Gas

  •   L&T bags large order from ONGC

    Larsen & Toubro's (L&T) oil and natural gas business has bagged a large order from the state-owned Oil and Natural Gas Corporation (ONGC). The large order per L&T ranges between Rs 2,500 crore and Rs 5,000 crore. The order is for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India's west coast.

    As per the firm, the scope of work includes engineering, procurement, construction, installation, and commissioning of four wellhead platforms, 140-km pipeline and associated topside modifications at Tapti Daman block at a Western offshore location.

    Also Read: Contract Update: L&T Bags Order Worth Rs 9702 Crore