Cir 33 2014

August 18-24, 2014 1

Volume 3 l Issue No 33 l August 18 - 24, 2014 l Price: Rs 100An MMR, Braj Binani Group Publication

India’s capital markets regulator, the Securities & Exchange Board of India (Sebi), approved rules for the creation of real estate investment trusts and infrastructure investment trusts in the country. The move will give cash-strapped developers easier access to funds and create a new investment avenue for institutions and high net-worth individuals, and eventually ordinary investors.

The approval comes a month after Finance Minister Arun Jaitley said that these trusts would be given a tax pass-through status, meaning they wouldn’t have to pay any federal taxes as long as they pass most of their income to shareholders in the form of a dividend.

Welcoming the rules issued by the Sebi, the industry experts said that that real estate and infrastructure trusts will help provide a new source of funding for developers and investors in infrastructure projects.

All Reit schemes, to begin with, will be close-ended real estate investment schemes that will invest in property with the aim of providing returns to unit holders. The returns will be derived mainly from rental income or capital gains from real estate.

The Sebi said that Reits will be allowed to invest in commercial real estate assets, either directly or through special purpose vehicles (SPVs). In such SPVs, a Reit must have a controlling interest of at least 50 per cent of the equity share capital. Moreover, such SPVs have to hold at least 80 per cent of their assets directly in properties.

The Reits will be allowed to raise funds only through an initial offering and units of Reits have to be mandatorily listed on a stock exchange, similar to initial public offering (IPO) and listing for equity shares. An Reit will be required to have assets worth at least Rs 500 crore at the time of an initial

offer and the minimum issue size has to be Rs 250 crore.

The minimum subscription size for units of an Reit on offer will be Rs 2 lakh and at least 25 per cent of the units have to be offered to the public. Subsequently, Reits can raise money through follow-on offers, rights issues or qualified institutional placements and the trading lot for such units will be Rs 1 lakh, said the Sebi in a statement.

As per estimates by property broker Cushman & Wakefield, the assets that may qualify to be included in Reits may reach $20 billion by 2020, In the first three to five years, as much as $12 billion could be raised.

In order to develop the trusts, the BSE has set up an 11-member advisory group of experts, bankers, legal professionals and consultants in the real estate industry, according to a statement on July 10.

The Sebi had said in its October

Sebi’s nod to Reits, infra investment trust

consultation paper that although a Reit may raise funds from any type of investors, resident or foreign, initially only wealthy individuals and institutions will be allowed to subscribe to Reit unit offers.

The market regulator said a Reit may have up to three sponsors, with each holding at least 5 per cent and collectively holding at least 25 per cent for a period of at least three years from the date of listing. Subsequently, the sponsors’ combined holding has to be at least 15 per cent throughout the life of the Reit.

The Sebi has decided to allow these trusts to invest primarily in completed revenue-generat ing

properties. To ensure that Reits generate continuous returns, the Sebi said at least 80 per cent of the Reit’s assets has to be invested in completed and revenue generating properties.

And, only up to 20 per cent assets can be invested in properties that are being developed, mortgage-backed securities, debt of companies in the real estate sector, equity shares of listed companies that derive at least 75 per cent of their income from real estate, government securities, or money market instruments.

However, no Reit can invest more than 10 per cent in properties which are under construction.

Lanco sells Udupi plant to Adani for `6000 cr

Donald Trump, American real estate mogul after adding two Indian projects to his kitty – Panchshil Realty group in Pune and Lodhas in Mumbai – was in India for exploring deals in India’s luxury residential and hospitality market across cities such as Delhi, Bengaluru, Hyderabad, Chennai and Goa. He was in Mumbai for the formal launch of the Trump Tower Mumbai wi th the Lodha Group.

His son, Donald Trump Jr, said, ”With Modi’s election as Prime Minister, we have someone with a pragmatic, pro-business approach who is regulating the market in a way that isn’t filled with corruption. That is a mindset which can solve and bridge a lot of (India’s) infrastructure.”

“India is a great place to invest, especially after the elections, and this project (Trump Tower) speaks well about the prospects for the country,” said Donald Trump.

Besides Lodha’s Trump Tower in Worli, he has licensed his name to a 22-storey residential complex in Pune, which is being developed by Panchshil Realty.

Trump said that he has been looking at India for many years but it is only now that he found the right partner and the right opportunity. The 75-plus-storey Trump Tower, which entails an investment of Rs 2,300 crore, comprises 3-, 4- and 6-BHK apartments, priced between Rs 9 crore and Rs 18 crore.

Already 100 units out of the 300 have been sold, said Abhishek Lodha, MD of the Rs 8,700-crore Lodha Developers. Non-resident Indians from Hong Kong and the Middle East form a good chunk of the buyers. Lodha expects to earn revenues of up to Rs 5,000 crore from the Worli project.

“The percept ion on what is happening in India is terrific. The whole world is keenly watching India. The new Prime Minister has done a terrific job, and people all over are speaking high of India. I am very excited about the opportunities here,” said Donald Trump.

Adani Power has bought Lanco Infratech’s 1,200 mw Udupi thermal power plant in a Rs 6,000 crore transaction, marking the second mega deal in two and-a-half weeks for the sector that is seeing a spurt of fund-raising and M&A activity.

While Adani will take over the plant’s Rs 4,000 crore worth of debt, Lanco will receive Rs 2,000 crore in cash, which it plans to use for lowering its debt.

Adani Power pipped JSW Energy in the negotiations and announced the transaction within two weeks of starting talks.

The Udupi plant acquisition is Adani Group’s second big takeover since it became clear that a Narendra Modi-led government was coming to power at the Centre. Udupi is India’s

first independent power project in the country based on 100 per cent imported coal with a captive jetty of 4 million ton per annum and an external coal-handling system located at Mangalore Port. The capacity can be expanded to handle another 4 million ton, Lanco said.

The Udupi project has power sale agreements with Karnataka to sell 90 per cent of generated power and with Punjab for 10 per cent. But the unit has been facing operational issues that even led to stoppage of production in June, as Rs 1,800 crore of arrears from the Karnataka Electricity Board piled up. Also, Lanco, which was importing Indonesian coal to run the power station via New Mangalore Port, failed to lift the fuel from a ship berthed at the port.

Lanco had put the power plant on the block two years ago, aiming to use the proceeds to lower its consolidated debt (Rs 35,000 crore as of March this year). The company went for a Rs 7,000-crore corporate debt restructuring in December last year, with Rs 2,500 crore as priority loan from lenders.

For Adani Group, this is a major step forward in power sector. In April this year, the group announced it had become the largest private power producer in India, with an overall installed capacity of 8,620 Mw.

Controlled by billionaire Gautam Adani, the group is planning to concentrate on the Indian infrastructure sector and has put its loss-making coal terminal in Australia for sale at a reported valuation of $2 billion.

Trump Tower Mumbai

‘Prime Minister Modi has done terrific job’:

Donald Trump

August 18-24, 2014 2Building materials

Export: Cement, Cement Products & Building Materials Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate

Lime Stone/ Marble/ Granite stone 4/1/2014 NATURAL PROCESSED STONE GUR NETHERLANDS 26000 168776.08 6.494/6/2014 NATURAL LIME STONE CHN FRANCE 100000 710921.36 7.14/9/2014 UNPOLISHED GRANITE STONES CHN DENMARK 10000 85107.59 8.514/11/2014 COBBLE STONES CHN USA 14400000 51150540.56 3.64/12/2014 TRIMMED GRANITE CHN SRI LANKA 22000 274493.9 12.484/16/2014 NATURAL STONE CHN JAPAN 84000 1180975 14.14/16/2014 UNPOLISHED GRANITE STONES CHN UAE 220000 1176621.28 5.34/16/2014 ROUGH GRANITE BLOCKS KAN CHINA 335532 8698667.1 25.94/17/2014 ALUMINIUM SILICATE MUN SPAIN 49000 395398.46 8.14/17/2014 GRANITE BLOCKS KRI HONGKONG 2438000 19972827.4 8.24/20/2014 MARBLE TILES PET BANGLADESH 21000 205251.14 9.774/22/2014 LIMESTONE CHN BELGIUM 57200 1086281.84 19.04/22/2014 NATURAL LIMESTONE CHN U K 252000 1859244 7.44/25/2014 NATURAL LIME STONE CHN CANADA 20250 388663.72 19.194/25/2014 NATURAL LIMESTONE CHN ECUADOR 100000 1210461.12 12.14/25/2014 UNPOLISHED GRANITE STONES CHN NORWAY 438000 995838.5 2.3 Total 18572982 89560069.05 4.8

Marble 4/5/2014 GREEN MARBLE MUN PAKISTAN 267220 2222222.62 8.324/5/2014 MARBLE BLOCKS KNA CHINA 11554730 90006866.24 7.84/8/2014 MARBLE BLOCKS KAN HONGKONG 5894720 38095839.04 6.54/16/2014 MARBLE BLOCKS MUN TAIWAN 3508920 40247516.16 11.54/20/2014 ROUGH MARBLE BLOCKS MUN THAILAND 51450 694611.5 13.54/22/2014 MARBLE BLOCKS MUN BANGLADESH 603510 2237039.2 3.74/22/2014 ROUGH MARBLE BLOCKS MUN ITALY 1345662 13424415.96 10.04/22/2014 MARBLE BLOCKS MUN EGYPT 3001660 17884323.84 6.0 Total 26227872 204812834.6 7.8

Natural Manganese 4/18/2014 NATURAL MANGANESE DIOXIDE POWDER MUM NETHERLANDS 0.2 22 1104/25/2014 NATURAL MINERAL POWDER MICA MUM JAPAN 0.1 2 20 Total 0.3 24 80

Mica 4/1/2014 MICA FLAKES KOL EGYPT 160000 617373.9 3.94/1/2014 MICA POWDER CHN UAE 14000 681296 48.664/3/2014 MICA BLOCKS KOL GREECE 315 774605.5 2459.074/3/2014 MICA FLAKES KOL NETHERLANDS 725492 16590695.08 22.94/3/2014 MICA FINE CHN LIBYA 36000 370832 10.34/1/2014 MICA FLAKES CHN BELGIUM 2000 63517.97 31.764/1/2014 WET GROUND MICA POWDER CHN INDONESIA 9000 702694.3 78.084/5/2014 MICA ROUND KOL KOREA 40000 1345128.4 33.64/5/2014 MICA KOL AUSTRALIA 108000 1564609.2 14.54/6/2014 MICA BLOCKS CHN USA 10361.6 1627370.5 157.14/6/2014 MICRONISED MICA POWDER CHN MALAYSIA 17000 542247.48 31.94/8/2014 MICA BLOCKS KOL GERMANY 5740 670923.56 116.94/8/2014 MICA (WET GROUND MICA) CHN JAPAN 16000 1013760 63.364/8/2014 RUBY MICA SCRAP KOL ESTONIA 144000 4824000 33.54/10/2014 MICA BLOCKS KOL RUSSIA FED. 120 712451 5937.094/11/2014 MICA POWDERDETL KOL IRAN 200000 1116800 5.584/11/2014 MICA SCRAP MUN CHINA 162700 3898175.3 24.04/12/2014 MINERAL POWDER MUN MYANMAR 1000 19651.14 19.654/12/2014 MICA FLAKE KOL U K 308760 2933798.56 9.54/13/2014 MICA BLOCKS KOL TAIWAN 50 8536.33 170.734/13/2014 MICA BLOCKS PET BANGLADESH 520 11364.58 21.854/16/2014 MICA FLAKES MUN OMAN 153000 1892251.2 12.44/17/2014 MICA POWDER KOL S. ARABIA 18000 92293 5.134/17/2014 MICA KOL THAILAND 17000 49464.9 2.914/17/2014 MICA POWDER KOL POLAND 20000 225410.3 11.274/17/2014 MICA SCRAPASPER KOL ROMANIA 25000 894412.5 35.784/22/2014 MICA BLOCK CHN BRAZIL 88000 2903600 33.04/25/2014 MICA ROUND MUN KENYA 70 30850.77 440.734/25/2014 MICA BLOCKS KOL SLOVAKIA 1000 785527.5 785.534/25/2014 MICA POWDER JNP PAKISTAN 2000 166155 83.08 Total 2285128.6 47129795.97 20.6

Quartz (other than natural sands) 4/1/2014 QUARTZ GRITS MUN VIETNAM 450000 3362512.5 7.54/1/2014 SILICON DIOXIDE (QUARTZ) VIZ MALAYSIA 1369000 11180182.88 8.24/1/2014 QUARTZ POWDER MUN VIETNAM 383200 2220062.66 5.84/1/2014 QUARTZ SILICA KAN UAE 12000 47486.68 4.04/3/2014 QUARTZ POWDER CHN THAILAND 264000 5410442.1 20.54/1/2014 QUARTZ POWDER CHN S. ARABIA 5000 14323.87 2.864/1/2014 QUARTZ POWDER CHN UAE 5000 14323.87 2.864/1/2014 QUARTZ GRITS MUN ITALY 162000 1397088 8.64/5/2014 QUARTZ GRITZ MUN BANGLADESH 165000 1378492.5 8.354/5/2014 QUARTZ GRITZ MUN IRAN 165000 1378492.5 8.354/8/2014 SILICA RAMMING MASS KNA S. ARABIA 1264000 7231619.6 5.74/10/2014 QUARTZ LUMPS CHN MALAYSIA 1754000 5852008.7 3.34/10/2014 QUARTZ KRI USA 1134000 3769868.8 3.34/10/2014 QUARTZ POWDER KOL NIGERIA 1026000 6275971.7 6.14/11/2014 QUARTZ SAND MUN UAE 268000 1020264.9 3.84/11/2014 QUARTZ POWDER MUN TANZANIA 54000 240791.4 4.464/11/2014 QUARTZ POWDER MUN USA 54000 240791.4 4.464/11/2014 QUARTZ SILICA MUN UAE 3176000 12655464.72 4.04/11/2014 SILICA QUARTZ POWDER MUN MALAYSIA 222000 1503716 6.84/12/2014 QUARTZ POWDER KOL KENYA 172000 2401890.72 14.04/12/2014 SILICA RAMMING MASS KOL SRI LANKA 54000 340136 6.34/12/2014 SILICA RAMMING MASS KOL KENYA 54000 340136 6.34/15/2014 QUARTZ LUMPS CHN OMAN 172800 1443918.8 8.44/16/2014 QUARTZ POWDER CHN ITALY 40000 605089.5 15.134/16/2014 QUARTZ POWDER CHN JAPAN 40000 605089.5 15.134/16/2014 QUARTZ POWDER (SILICA POWDER) PET BANGLADESH 800000 3099330 3.94/18/2014 BUFF GREY QUARTZITE MUN ITALY 46900 390735.63 8.334/18/2014 QUARTZITE MUN ITALY 46900 390735.63 8.334/20/2014 QUARTZ POWDER KNA VIETNAM 27650 180785 6.544/20/2014 QUARTZ POWDER KNA BANGLADESH 27650 180785 6.544/20/2014 QUARTZ MUN OMAN 650000 4619835.02 7.14/20/2014 QUARTZ POWDER - MICRON SILICA PET BANGLADESH 512000 2328032.3 4.54/20/2014 QUARTZ POWDER CHN KOREA 20000 364609.2 18.234/20/2014 QUARTZ POWER CHN KOREA 20000 364609.2 18.234/23/2014 ARFURANE C POWDER AHM TUNISIA 19500 1274573.02 65.364/23/2014 ARFURANE C POWDER AHM MAURITIUS 19500 1274573.02 65.364/23/2014 QUARTZ POWDER MUN INDONESIA 216000 1126256.56 5.24/23/2014 SILICA SAND MUN MAURITIUS 212000 1950596.92 9.24/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.684/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.684/28/2014 QUARTZ GRITS VIZ VIETNAM 1104000 9192575.52 8.34/28/2014 ARFURANE C POWDER AHM MOROCCO 29600 522155.98 17.64/28/2014 QUARTZ GRITS MUN OMAN 736000 3752805.64 5.14/28/2014 QUARTZITE GRAINS & POWDER REX NEPAL 206000 1146599.98 5.64/28/2014 QUARTZ GRITS CHN KOREA 376000 3232624.3 8.64/28/2014 QUARTZ CHN JAPAN 3994000 39992520.38 10.0 Total 21530700 146346253.6 6.8

Kaolin and other kaolinic clays 4/1/2014 KAOLIN CLAY/ CHINA CLAY POWDER /KAOLIN POWDER MUN UAE 72216000 78152774.4 1.14/1/2014 CALCINED KAOLIN MUN NIGERIA 80000 2134440 26.684/1/2014 CALCINED KAOLIN MUN GERMANY 80000 2134440 26.684/1/2014 KAOLIN COC NETHERLANDS 24200 313990.68 12.974/1/2014 KAOLIN BCK POWDER COC TURKEY 24200 313990.68 12.974/8/2014 CHINA CLAY MUN KUWAIT 1008000 6108379.2 6.14/8/2014 KAOLIN LUMPS MUN TAIWAN 300000 1384187.6 4.64/8/2014 BENEFITS COC CHINA 1000 31006.3 31.014/8/2014 CHINA CLAY COC TURKEY 1000 31006.3 31.014/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC PHILIPPINES 25000 654476.63 26.18

Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate

4/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 25000 654476.63 26.184/9/2014 KAOLIN / CHINA CLAY KAN UAE 20000 80574.9 4.034/9/2014 KAOLIN / CHINA CLAY KAN KENYA 20000 80574.9 4.034/10/2014 KAOLIN CLAY MUN IRAN 175000 1363250 7.794/10/2014 KAOLIN CLAY MUN GERMANY 175000 1363250 7.794/10/2014 KAOLIN MUN KOREA 32000 193177.6 6.04/11/2014 CERAMIC INDUSTRIES ( KAOLIN LUMPS) MUN IRAN 350000 2329621.5 6.74/13/2014 KAOLENE - CHINA CLAY PET BANGLADESH 200530 1915968.1 9.64/13/2014 LIGHT KAOLIN JNP MAURITIUS 238325 5618029.92 23.64/16/2014 KAOLINIC CLAYS PET BANGLADESH 328000 2597391.3 7.94/18/2014 KAOLIN MUN ANGOLA 1120000 10374896 9.34/23/2014 KAOLIN PAN JORDAN 40000 416328 10.414/23/2014 KAOLIN PAN GERMANY 40000 416328 10.414/23/2014 KAOLIN POWDER MUN CHINA 144000 1017978.5 7.14/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC OMAN 28000 347966.71 12.434/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 28000 347966.71 12.434/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC TURKEY 5000 94703.12 18.944/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GUATEMALA 5000 94703.12 18.944/26/2014 CHINA CLAY MUN KOREA 480000 3146449.9 6.64/26/2014 KAOLINIC CLAYS PET BANGLADESH 254000 1633589.8 6.44/26/2014 HYDROUS ALUMINIUM SILICATE COC SRI LANKA 58000 681084.44 11.74/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GERMANY 775800 10977641.92 14.24/26/2014 HYDRO CHLORIDE MUM CANADA 100 522.5 5.234/26/2014 HYDRO CHLORIDE MUM GERMANY 100 522.5 5.234/26/2014 KAOLIN- (PROCESSED CHINA CLAY) MUN S. AFRICA 532000 4144676.8 7.84/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC INDONESIA 240000 4261407.1 17.8 Total 79073255 145411771.8 1.8

Clay 4/1/2014 CHINA CLAY MUN S. ARABIA 236000 1974780.2 8.44/1/2014 CHINA CLAY MUN UAE 23000 118389.73 5.154/1/2014 CHINA CLAY MUN CHINA 23000 118389.73 5.154/1/2014 REFINED CLAY JNP U K 2304 118332.29 51.364/1/2014 REFINED CLAY JNP IRAN 2304 118332.29 51.364/9/2014 CHINA CLAY PET BANGLADESH 156000 1609939.74 10.34/11/2014 FULLERS EARTH POWDER REX NEPAL 80000 364800 4.64/15/2014 CALCINED CHINA CLAY POWDER MUN YEMEN 17000 323025.5 194/15/2014 CALCINED CHINA CLAY POWDER MUN GHANA 17000 323025.5 194/18/2014 CLAY JNP GERMANY 600 1555.52 2.64/18/2014 PROCESSED CHINA CLAY COC GUINEA 16000 169736.16 10.614/18/2014 PROCESSED CHINA CLAY COC USA 16000 169736.16 10.614/23/2014 HYDROUS KAOLIN MUN KOREA 160000 1128280.3 7.13/27/2014 CHINA CLAY JNP SRI LANKA 228000 1398488 6.14/28/2014 CLAY/EARTH JNP KENYA 120000 1933244.56 16.1 Total 1097208 9870055.68 9.0

Natural Garnet 4/5/2014 GARNET VIZ JAPAN 40000 401555 10.044/26/2014 GARNET VIZ MALAYSIA 840000 8275260 9.94/16/2014 GARNET VIZ UKRAINE 54000 232702.8 4.314/16/2014 GARNET VIZ USA 612000 5947195 9.74/16/2014 GARNET VIZ CEI (BALTIC SEA) 784000 5699766.8 7.34/22/2014 GARNET VIZ QATAR 840000 8239483.5 9.84/22/2014 GARNET VIZ THAILAND 24000 292600 12.194/22/2014 GARNET VIZ AUSTRALIA 2122000 20792633.5 9.84/23/2014 GARNET VIZ ISRAEL 56000 574750 10.34/25/2014 GARNET VIZ UAE 4200000 34596293.8 8.24/26/2014 GARNET VIZ CANADA 56000 526680 9.414/28/2014 GARNET VIZ EGYPT 224000 2054888 9.17 Total 9852000 87633808.4 8.9

Fly Ash 4/2/2014 PROCESSED FLYASH JNP BAHARAIN 623340 1862761.36 3.04/6/2014 FLY ASH MUN UAE 485280 627758.21 1.294/15/2014 FLY ASH MUN QATAR 4872000 11865076.48 2.44/16/2014 SYNTHETIC ORGANIC MUM BRAZIL 2000 8192.31 4.14/16/2014 INSULATING POWDER LUD POLAND 25000 297878.25 11.924/17/2014 DRY FLY ASH MUN S. ARABIA 24132120 68803939.8 2.94/17/2014 FLY ASH MUN JORDAN 112000 432872.84 3.864/20/2014 FLY ASH PIP USA 224050 1101760.54 4.94/23/2014 ALUMINA AND SILICA - CERAMIC NAG KOREA 144000 8964288 62.34/25/2014 FLY ASH POZZOCRETE JNP EGYPT 2223480 8050149.38 3.64/28/2014 FLY ASH MUN BAHARAIN 2016000 5025713.96 2.54/28/2014 PROCESSED FLY ASH JNP OMAN 3638780 11636082.64 3.24/28/2014 FLY ASH VIZ MALAYSIA 22400 41841.8 1.874/28/2014 FLY ASH JNP THAILAND 1000 26799.39 26.8 Total 38521450 118745115 3.1

Alumina 4/3/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP THAILAND 40000 1192429.7 29.814/1/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP KOREA 20000 1897280 94.864/6/2014 ALUMINIUM OXIDE AHM USA 400 313174 782.93/7/2014 ALUMINA TRIHYDRATE ALUMINIUM HYDROXIDE JNP S. ARABIA 968000 17852237 18.44/8/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP URUGUAY 22000 391314 17.794/9/2014 ALUMINIUM HYDROXIDE AMORPHOUS MUM INDONESIA 110400 4977582 45.14/10/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP PAKISTAN 511000 7687384.7 15.04/11/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP KOREA 160000 4739146.1 29.64/12/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP MEXICO 100000 3482660.8 34.834/13/2014 DRIED ALUMINIUM HYDROXIDE JNP GHANA 24750 2237586.79 90.44/26/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP JAPAN 160000 3239363 20.24/15/2014 ALUMINIUM HYDROXIDE JNP GHANA 3000 371764.5 123.924/16/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP SRI LANKA 48000 2181733.8 45.54/17/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA) CHN PHILIPPINES 660000 8213040 12.44/18/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) JNP MALAYSIA 2068000 26928110 13.04/19/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP PAKISTAN 50000 4013503.34 80.34/20/2014 ALUMINIUM HYDROXIDE HYD IRELAND 20000 1091200 54.564/21/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP MEXICO 45200 6035904.04 133.54/22/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN TAIWAN 2156000 25881428 12.04/23/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP AUSTRALIA 76000 7028550 92.54/24/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP OMAN 40000 790333.5 19.764/25/2014 ALUMINA COC SLOVAKIA 400 305196.42 763.04/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN INDONESIA 1408000 19036325 13.54/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN KOREA 2800000 40535952.5 14.54/25/2014 ALUMINA COC GERMANY 150 160201.8 1068.01 Total 11491300 190583401 16.59

Barytes 4/1/2014 MINERAL POWDER MICRON BARYTES CHN MAURITIUS 20400 604758 29.654/3/2014 BARITE POWDER - API CHN U K 540000 5110798 9.464/1/2014 BARITE ORE KRI USA 98800000 342580952 3.54/1/2014 BARITE POWDER CHN NETHERLANDS 7 75.46 10.784/8/2014 BARIUM SULPHATE BARYTES CHN SINGAPORE 588000 5618104 9.64/9/2014 BARYTES POWDER CHN S. ARABIA 9455000 71367413.1 7.54/12/2014 MINERAL POWDER MUN MYANMAR 5000 148550.26 29.714/13/2014 MINERAL POWDER MUN TANZANIA 4009000 32037947 8.04/15/2014 BARITE POWDER API CHN UAE 810000 4291624.5 5.34/16/2014 BARIUM SULPHATE BARYTES CHN INDONESIA 24000 476760.75 19.874/17/2014 BARRITE POWDER CHN KUWAIT 1890000 8693214.22 4.64/19/2014 MICRON BARYTE BAR SPAIN 2000 77447.3 38.724/21/2014 BARITE POWDER CHN BANGLADESH 400000 3961547.4 9.94/22/2014 BARITE POWDER CHN VENEZUELA 756000 7257305.66 9.64/25/2014 BARITE POWDER CHN MOZAMBIQUE 1125000 8938680.75 7.954/26/2014 BARITE POWDER CHN OMAN 3240000 27288976 8.44/26/2014 MICRON BARYTER BAR AUSTRALIA 5000 153876.26 30.784/26/2014 BARITE POWDER - API CHN THAILAND 5130000 42501623 8.34/26/2014 MINERAL POWDER MICRON BARYTE CHN SRI LANKA 27000 715250.25 26.494/26/2014 BARITE POWDER TON KENYA 468000 8746650 18.69 Total 127294407 570571553.9 4.5

August 18-24, 2014 3in person

‘Well-constructed, maintained green buildings have many benefits’

What is the objective of Godrej Green Building Consultancy Services? Is it similar to IGBC services?

With India witnessing tremendous growth in infrastructure development, the construction sector needs to play a responsible role towards preservation of the environment and move towards sustainable development. This is the main objective of Godrej Green Building Consultancy Services.

Green concepts and techniques encompassed in green buildings can help address global issues like handling of consumer waste, water efficiency, and reduction in fossil fuel usage, energy efficiency and conserving natural resources along with enhancing occupants’ health, happiness and wellbeing.

Godrej as a corporate has always led by example in environmental domain. Environment management is an integral aspect of the business strategy. We have pioneered the green building movement in India, a unique public-private partnership of the CII, the government of Andhra Pradesh, USAID and the Pirojsha Godrej Foundation.

GGBCS has been set up with the vision to serve as a single point solution provider and to facilitate real estate developers and corporates with green building activities in India. For all types of building projects (green as well as non-green), we provide engineering (Mep) design services, green building consulting and third party audit services.

The Indian Green Building Council (IGBC) is one of the green building certifying bodies available in India. It provides clients with certification services whereas we provide clients with consulting services in order to achieve the certification.

Why is certification more important? How can modern construction methods implement sustainable standards in eco-friendly way?

The certifications are based on a set of performance standards for design and construction phases and provide guidelines for design and construction of green buildings. Certificates are an evaluation of all the possible points to apply under the rating system using a suitable checklist and are the most authentic way of ensuring that a building is truly green and sustainable. It is the best way to demonstrate the design efforts and initiatives taken in a project which are truly green.

There have been increasing demands for structures that are sustainable, and meet safety, security and environmental considerations. Currently, developers are adopting modern construct ion methods like brickless technology and pre-fabricated construction, to name a few.

The use of such technologies reduces construction time and costs, and makes projects viable both for the buyer and developer. It further ensures hassle-free construction and replaces commodities like timber, steel, wood, aluminum, etc with specially designed plastic spacers and composite cement boards, and results in rapid construction and more carpet area. They would be 8-10 per cent more expensive compared with conventional technology. But future savings could be higher.

What recommendations are made to clients?

We advise clients with various cost-effective and innovative strategies

Once the GGBCS team is hired, the following steps are involved in getting a building certified:

To begin with we conduct a feasibility study for the project with all stakeholders involved with the project to understand the level of rating we can achieve.

A roadmap is established for the project team, wherein each team member is assigned different responsibiities and a tentative schedule of deliverables is prepared.

Templates are shared with the team members for capturing data.

Design inputs with green rating system are provided to architects and the engineering team.

Energy simulation is performed to study energy consumptions patterns and select the best possible combination of building materials and equipment for the project.

Detai led review every week/fortnight/month with respective team members for deliverables.

A l l t he i n i t i a t i ves a re we l l documented, compiled and sent to the certifying body for their review.

The certifying body would either grant the certification or ask for more clarifications. Once the clarifications are provided, the certifying body hands out the certification.

What is the difference between green and smart buildings?

Smart buildings are fundamentally those involving automation that makes managing different tasks hassle-free for people. A smart building is the integration of technologies available for air-conditioning, lighting, fire safety, telecommunications, entertainment, metering, surveillance, access control, etc with various control devices in order to automate them and make life much simpler for the consumer as well as for facility manager.

Now a smlart building does not

that help them in not only meeting green building requirements, but also to exceed them. Our expertise has been developed over many years of consulting clients in their journey towards green building certification as well as managing sustainability and energy conservation initiatives at Godrej.

Our recommendations to clients include but not restricted to strategies for soil erosion and sedimentation control on site, construction waste management, good thermal insulation for bui ld ing envelope ( façade

& glazing), energy efficient air-conditioning and lighting equipment, rain water harvesting, waste water treatment, fresh air ventilation, and many more such strategies that can be adopted in a project.

How does GGBCS facilitate with green building certification?

We provide consulting services under the IGBC, USGBC (Leed) and Griha rating systems. We do not have any reservations for a particular rating system and use the one that our client wishes to opt for his project.

Godrej Green Building Consultancy Services has been set up with the vision to serve as a single point solution provider and facilitate real estate developers and corporates with green building activities in India. Rumi Engineer, Business Head, Green Building Consultancy Services Godrej & Boyce Ltd, in this interview with Remona Divekar, discusses various cost-effective and innovative strategies that help them in meeting green building requirements

directly imply being an energy-efficient building. Clients may or may not adopt energy conservation measures for a smart building.

A green building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier spaces for occupants, as compared to a conventional building. The green building concept is much broader than the concept of smart buildings.

How many projects in India have so far adopted the green building concept? How have you ensured compliance and efficiency in 190 such projects?

As per the latest figures, the IGBC has 2,570 registered green buildings out of which 493 buildings have been already rated as green. We have been involved with 191 projects out of these 493 are rated projects.

As a mandate from our management all Godrej projects go for green building certification. Till date we have received certification for 15 of our projects (includes Godrej Properties projects), and many more are in the pipeline.

Regarding compliance to the rating system post certification, it is entirely the client’s call to voluntarily report the savings achieved by the project to the IGBC.

Tell us about the cost-effective solutions offered by you that clients can benefit from?

Well-designed, constructed, operated and maintained green buildings can have many benefits, reduced costs for energy, water, opera t ions and main tenance, improved occupant health and productivity, and the potential for greater occupant satisfaction than standard developments.

A green building may cost more up front, but can save money over the life of the building through lower operating costs. These savings may be more apparent through lifecycle assessment (LCA).

Cost savings are most likely to be fully realized when incorporated at the project’s conceptual design phase with the assistance of an integrated team of building professionals.

August 18-24, 2014 4inFrastruCture

Rlys to install solar power plants at 200 stations

GoI creates panel to examine NHAI note

Centre to build road, rail tunnels in NE, J&K

The Indian Railways proposes to install solar power plants of about 8.8 mw capacity at railway stations, railway office buildings and level crossing gates throughout the country under railway funding, said Minister of State for Railways Manoj Sinha.

These include provision of 10 KWp solar PV modules each at 200 stations

The Ministry of Road Transport & Highways has decided to constitute an inter-ministerial committee to review the note prepared by the National Highways Authority of India (NHAI) seeking an overhaul of the existing model concession agreement to revive private sector interest in the road sector. The model concession agreement is the contract that sets the terms of execution of a project and is signed between the concessionaire and the government, in this case the NHAI.

The ministry has decided to

In a move to push integrated and comprehensive approach for developing transport network, the Centre wants its agencies to ‘pool’ resources for constructing rail and road tunnels concurrently.

This would be the approach for three strategic railway projects in the North-East, which have been identified as top priority projects where key railway project fall in Jammu & Kashmir and Himachal Pradesh.

There is also a proposal to synchronize road and rail projects and share studies by both the departments in Uttarakhand. A detailed project

under various zonal railways, provision of total 4.05 mwp solar photo voltaic (SPV) on the roof tops of 21 railway office buildings and provision of total 1.3 mwp capacity SPV plants at 2000 level crossing gates.

The Railways is also mull ing harnessing solar energy by utilizing rooftop space of railway stations,

constitute a committee with secretary-level officials from the Road Ministry, the NHAI, the Planning Commission, the Department of Economic Affairs and representatives from a builders’ lobby, said a road ministry official. Vijay Chhibber, secretary in the Road Ministry, will head this panel. The NHAI, which has been working on the draft for a new model concession agreement, made a presentation at the road ministry this week, the officials said.

The note prepared by the NHAI has proposed 50-60 changes in

report (DPR) is under preparation for nearly 180 km stretch between Rishikesh and Karnprayag in the hill state by Rail Vikas Nigam Ltd.

Three out of these four projects fall in the North-East and would cover areas, which have not yet been connected with railways. The fourth project, Bilaspur-Mandi-Manali-Leh stretch, would connect Himachal Pradesh and J&K.

The Narendra Modi government has already made it clear to push infrastructure projects in the North-Eastern states and other untouched regions to accelerate development.

other railway buildings and land including through the PPP mode.

Solar power plants have been provided on top of two narrow gauge trains plying on Pathankot-Jogindernagar route in Kangra Valley section and Kalka-Shimla section on a trial basis, the minister said.

the exist ing model concession agreement. “Provision for revising total project cost jointly with the lenders at the t ime of f inancial closure from what was estimated at the time of bidding, withdrawing any waiver of pre-conditions for bidding like getting clearances and providing for specific evaluation of the compensation for developer in case of any change in law affecting income from project are some of the changes that have been proposed,” said an official.

Centre identifies 3 projects under Rurban

MissionThe Rural Development Ministry

has identified three projects under the NDA government’s flagship Shyama Prasad Mukherji Rurban Mission, which envisages strengthening rural infrastructure.

Earlier, delivering his address, Finance Secretary Arvind Mayaram stressed the need for urbanization of rural areas. Rurban Mission addresses one of the biggest challenges the country is facing – people migrating from rural areas to urban areas.

Citing a report, he said, “By 2032, if the rate of migration continues at

this rate and the number of cities remains the same, cit ies would become unbearable because there will be no infrastructure.”

He further stated that urbanization of rural areas will protect people from disasters in the next three decades. Rurban Mission aiming to deliver integrated project based infrastructure in rural areas was announced in this year’s Union Budget. The preferred mode of delivery would be through public-private partnership (PPP) while using funds of various schemes.

BRO gets eco nod for tunnel project at Baltal

Modi dedicates two hydel projects to J&K

Centre to pump in 10,000 mw to lift wind energy sector

The Border Roads Organization has received forest and environment clearance for constructing 11-km long main tunnel at Baltal on Srinagar-Leh national highway. This assurance was given by the chief engineer BRO at a meeting chaired by Minister for Forests & Environment Mian Altaf Ahmad.

The spokesman said the meeting was convened to review the status

Prime Minister Narendra Modi dedicated to the nation two hydel power projects in Leh and Kargil in Jammu & Kashmir last week. These projects are 44 mw Chutak hydro-electric project in Kargil district and 45 mw Nimoo Bazgo project in Leh district.

Modi would also lay foundation stone for the first power transmission line from Leh to Kargil and Kargil to

The government plans to rapidly accelerate wind energy generation, adding an ambitious 10,000 mw every year, or five times the total new capacity that came up in the last fiscal, as the Modi government takes steps to reduce India’s dependence on costly energy imports.

Wind energy, which had been overshadowed by solar projects in recent years, got a big boost as the government has restored key tax incentives that had helped India emerge as one of the top countries in the world in generating electricity from wind.

The government feels that tax incentives coupled with conducive environment will rapidly accelerate wind energy. Originally, the country

of the tunnel project and remove impediments affecting its progress. Various aspects of the project and measures needed to be taken to ensure early commencement of work on this prestigious project, which will provide all-weather road connectivity between the valley and Ladakh region, were discussed during the meeting.

Srinagar. The 45 mw Nimoo-Bazgo hydro-electric projects is a run-of- the-river scheme to harness the potential of river Indus in the state.

The project is designed to generate 239 million units of energy. The Nimoo Bazgo power station is located on river Indus in Leh district of the state and has an installed capacity of 45 mw(3x15 mw).

The approval for the project was

planned to install 18,500 mw during the 12th Plan period. However, the new government is keen to go faster in wind power capacity addition, to reduce its dependence on imported fuels and increase the share of environment friendly energy resources.

Like other power gear makers, Indian wind turbine makers too are facing competition from Chinese counterparts that also offer cheaper finance to the investors in wind energy. With installed capacity of over 21,000 mw, India is the fifth-largest wind power producer in the world after China, US, Germany and Spain. According to the Centre for Wind Energy Technology, India has potential to install over 1 lakh mw of wind turbines.

accorded at an estimated cost of Rs 611 crore. However, on account of escalation, statutory charges and higher cost of award, project cost has now been revised to Rs 985 crore. State-run Power Grid Corporation of India is implementing the Leh-Kargil-Srinagar Transmission System for connectivity with Northern Region Grid for meeting demands of the Ladakh region.

August 18-24, 2014 5

Waste heat control thru WHR

teCHnologY

The number of preheater stages in a cement plant has a significant bearing

on the overall thermal energy consumption

and waste heat recovery potential

Waste heat recovery plants offer a reliable supplement to captive power generation in an energy-intensive industry like cement, particularly in an energy-deficient country such as India.

ACC Ltd, part of the Holcim group, recently launched its first Waste Heat Recovery (WHR) system at the Gagal cement plant in the north Indian state of Himachal Pradesh. The WHR system harnesses waste heat discharged in the cement manufacturing process as exhaust gases, channell ing them into a boiler that runs a steam turbine and converts it into useful electrical energy.

The new WHR project generates electricity at a cost that is significantly lower than that of a captive power plant and only a fraction of the cost of grid power. ACC sees the project as an important step in energy conservation and is exploring the possibility of installing similar systems at a few of its other cement plants.

High standard sustainable development

ACC’s Gaga l cement p lan t i s nes t led in the p ic tu resque mountainous state of Himachal P r a d e s h i n n o r t h e r n I n d i a . Commissioned in 1985, it is the major cement plant in the state, with two production lines – Gagal I and Gagal II – representing a total cement capacity of some 4.4 million tpa.

Gagal utilizes power from the state’s grid and from a standby captive DG power plant. The plant pursues a wide-ranging agenda that aspires to achieve high standards o f s u s t a i n a b l e d e v e l o p m e n t in all aspects of its operations – beginning with meticulous hill mining techniques and extending to efficient manufacturing, sound environment management, afforestation and tree

a heat recovery boiler, or heater, and then passed into a turbine that drives a generator.

Thermodynamic cycle This is a thermodynamic cycle that

converts heat into work (power in this case). Hot exhaust gases are directed into a waste heat recovery boiler where they exchange heat with the working fluid (water) that is converted into high pressure steam, which then expands in the turbine causing it to rotate and produce electricity.

The expanded vapor is condensed into a low pressure liquid in the water-cooled condenser and then is recycled back into the boiler to continue the cycle. The system consists of a suspension preheater boiler, air quenching cooler boiler, steam turbine generator, distributed control system, water-circulation system and dust removal system. This is the most common type of WHR system in cement plants and was chosen for the Gagal plant.

Organic Rankine cycle This process uses organic fluids.

Their inherent ability to evaporate at low temperature and yield good levels of condensation allows these fluids to deliver considerable energy during their expansion in the turbine.

Rankine Kalina cycleThis is a relatively new concept in

heat recovery and power generation, which is a thermodynamic process for converting thermal energy into usable mechanical power. It uses a working fluid mixture, made up of 70 per cent ammonia with 30 per cent water. This process offers the potential of significant efficiency gains as compared to the conventional Rankine cycle. It is usually more suitable for medium to low gas temperature heat recovery systems.

Eco benefits W H R u n i t s s c o r e h i g h l y

i n e n v i r o n m e n t a l t e r m s a n d s imu l t aneous l y o f f e r seve ra l advantages. The primary environmental

energy conservation as they utilize waste heat and do not need any additional fuels to generate electricity. They help conserve fuels and reduce overall carbon emissions.

Where they substitute power from an external grid or a captive power plant, there is an additional advantage of reduced fuel consumption and lower CO2 emissions. Since it is based on waste heat, the energy produced is green energy that is equivalent to renewable energy.

The WHR at Gagal is expected to lead directly to a reduction of over 44 000 tpa of CO2 emissions. By a rough rule of thumb, it can be said that such units can help reduce up to 25 kg of CO2 per ton of clinker produced.

The investment involved in setting up a WHR plant is reasonable. On average, the cost of a waste heat-based power generation plant would fall in the range of $2–2.5 million per mw.

Fast expanding marketAs experienced by ACC at Gagal,

the cost of electricity generated by WHR units is cheaper than both captive power and power purchased from an external grid. Encouraged by the Gagal WHR project, ACC has plans to set up similar systems at its other major cement plants in the country in a move towards enhancing energy security.

India’s cement sector already has several working WHR plants and undoubtedly such plants will become a feature in this fast expanding market. Waste heat recovery can compr ise an economica l and reliable supplement to captive power generation in an energy-intensive industry like cement, particularly in an energy-deficient country like India. In addition, this practice comprises energy conservation and efficiency that helps the cement industry meet its low carbon technology roadmap for the future.

exploited. This is the basis of the WHR system deployed at Gagal.

Thermal energy consumption

Apart from a cement plant’s capacity, the availability of waste heat is directly influenced by process efficiency parameters and other factors. The number of preheater stages in a cement plant has a significant bearing on the overall thermal energy consumption and waste heat recovery potential.

T h e h i g h e r t h e number o f stages, the better the thermal energy consumption, and hence lower the WHR potential. Similarly, the moisture content in limestone, coal, fly ash, slag and other materials used in a plant affect the potential for waste heat recovery as considerable heat would be required to dry raw materials. Again, improvements in plant and machinery efficiencies would offer lower potential for generation of waste heat.

Conversion into electricityWa s t e h e a t g e n e r a t e d i n

cement manufacture has proven to be amenable to conversion into electrical energy, provided it is tapped in adequate measure and the temperature is sufficiently high to make the project viable.

In a typical Indian cement plant, the potential generation of power from waste heat is estimated at roughly 20-25 kWh/t of clinker. The process goes through four basic stages:• Heattappingandextraction• Heatconversion• Heatdissipation• Electricityfeedandcontrol

Three technologies are recognized as being well developed and effective in the conversion of heat into electricity – using a steam Rankine cycle, an organic Rankine cycle, or the Kalina process.

All these technologies involve a pressurized working fluid (water in the case of the steam cycle or an organic compound for the organic Rankine cycle) to be vaporized by the hot exhaust gases channeled through

benefit of the WHR power plant is to produce electric power without burning any additional fossil fuel or contributing any additional greenhouse gas (GHG) emissions.

These systems play a vital role in

K n rao Director, Environment & Energy Conservation

r nand Kumar Vice President, Corporate Communications, ACC Ltd

(Inputs: Navneet Chauhan, Sr. General Manager Operations, ACC Gagal, and Dominic Fernandes, General Manager

Energy & Environment, ACC Ltd.)

ACC Gagal Waste Heat Recovery system control room

Waste Heat Recovery system turbine of 7 5 mw capacity

ACC commissioned its first Waste Heat Recovery-based power plant

at Gagal. Seen here is one of its air quenching chamber boilers.

plantation, waste water treatment, as well as an array of community development and social volunteering activities.

Most of the cement that Gagal manufactures comprises fly ash-based Portland pozzolana cement which reduces carbon emissions. Gagal also promotes the use of alternative fuels and raw materials.

Useful electrical energy A few months ago, ACC Ltd

launched i ts f i rst WHR system at the Gagal cement plant. This marks an important step in energy conservation for the company, as it is the company’s first WHR plant and also the first such project in the state of Himachal Pradesh to deploy WHR technology.

To put it briefly, a WHR system harnesses waste heat discharged in the manufacturing process as exhaust gases, and channels these gases into a waste heat boiler that runs a steam turbine and converts it into useful electrical energy.

The newly commissioned WHR unit, set up at a cost of about $16 million, can generate about 7.5 mw of electricity. This supplements the output of Gagal’s captive power plant. Nantong Wanda supplied the boilers for the project, while the turbine and generator were supplied by Qingdao Jieneng and Shangdong Jinan, respectively.

WHR energy at Gagal has proved to be remarkable in several ways – the first of which is that it requires no addit ional fuel. The cost of generating such energy has turned out to be significantly lower than that of the captive power plant and only a fraction of the cost of purchasing grid power.

Energy-intensive processThe cement manufac tu r ing

process is energy intensive, requiring very high temperatures in the order of 1400 °C in the kilns. Thermal energy is also used in other stages of the process, including the preheater, during grinding in the coal mill and raw mill and for drying additives such as fly ash and slag.

Signi f icant amounts of heat energy are released as exhaust streams in different stages of the cement manufacturing process, chiefly from the kiln exhaust streams, clinker cooler, kiln preheater and pre-calciner.

The manufacturing process in Gagal releases about 1,000

tph of waste hot flue gases at temperatures well above 300

°C that are exhausted into the environment. Waste kiln gases exit at about 260-400 °C depending on the number of preheater stages in the plant. The cooler generates hot air of about 200-300 °C and 80-130 kcal per kg.

S o m e o f t h e hot air is used as combustion air in kiln furnaces and elsewhere; the rest of the hot gases are expelled as exhaust into the atmosphere.

All these waste gases contain useful energy

that can be gainful ly

August 18-24, 2014 6proJeCts update

Prime Minister Narendra Modi laid the foundation stone for the Rs 4,000-crore port-based multi-product special economic zone at Jawaharlal Nehru Port Trust (JNPT) at Sheva, Navi Mumbai, on August 16.

“ T h e p r o p o s e d i n d u s t r i a l infrastructure in 277 hectares with a total public and private investment of Rs 4,000 crore is planned as a self-sustainable integrated development p ro jec t hav ing a po ten t ia l o f generating 1.5 lakh direct and indirect jobs,” said an official statement.

T h e a m b i t i o u s S e z , t o b e deve loped th rough JNPT-SPV (special purpose vehicle) under the engineering, procurement and construction (EPC) mode, will be completed in three years.

With a focus on the collaborating upcoming sectors of India, the Sez will develop a free trade warehousing zone, the engineering goods sector, electronics and hardware sectors, the non-conventional energy sector, multi services (IT and healthcare) sectors, etc.

Modi also laid the foundation stone for a port connectivity highway project at the JNPT and allotted land to JNPT project-affected persons (PAPs) under the 12.5 per cent scheme. The statement said the projects have been expedited by Nitin Gadkari, Minister of Road Transport, Highways & Shipping &

Rural Development, in the past two months.

The port connectivity highway project with a cost of Rs 1,926.57 crore will be completed by December 2017. The Ministry of Shipping has decided to execute this project in the EPC mode through an SPV. The project has been undertaken under the National Highway Development and Port Connectivity Programme.

The statement said due to rapid development in the area on account of development of the Jawaharlal Nehru Port, JNPT-Sez, and the proposed international airport, etc, it was felt necessary to augment the carrying capacity of the existing road network to a 6/8 lane configuration by providing improved facil it ies comprising flyovers, railway over br idges and in te rchanges fo r uninterrupted flow of traffic on the road network connecting the port and the national highways (NHs).

Accordingly, it has been proposed to develop the road network to 6/8 lane configuration with service roads. The NH-4B, Amra Marg and state highway (SH)-54 was developed to a four-lane facility by the National Highways Authority of India (NHAI) through the SPV comprising NHAI, JNPT and City & Industrial Development Corp of Maharashtra Ltd (Cidco).

Adani-GSPC to build ̀ 4,500 cr import terminal

Adani Group and the Gujarat State Petroleum Corp (GSPC) will set up Rs 4,500 crore LNG import terminal at Mundra Sez in Gujarat by December 2016.

GSPC LNG Ltd, a unit of Gujarat government-owned GSPC, on July 24 won approval to become a co-developer of the multi-product Special Economic Zone (Sez), being developed by Adani Ports at Mundra, a move that will help trim cost by Rs 700-800 crore, said an official.

Commerce Ministry’s Board of Approvals (BoA) gave nod to GSPC LNG’s proposal to 5 million tons a year LNG terminal together with storage and re-gasification facilities over an area of 28 hectares.

“By becoming co-developer, the project will now be entitled to duty-free imports which will help cut costs down by Rs 700-800 crore from the previous estimate of Rs 5,200 crore,” he said, adding that the terminal will be ready by 2016 end. Once they avail duty-free imports, the developers are required to sell a threshold of the produce to units within Sez.

The official said the LNG import terminal had previously got environment

clearance and will now proceed to finalize a joint venture partner.

India Gas Solutions Pvt Ltd, the equal joint venture between the Mukesh Ambani-led RIL and Europe’s second largest oil firm BP, ONGC and the Indian Oil Corp (IOC) have been shortlisted to pick up 25 per cent stake in the project.

“Essentially, GSPC is looking at a partner which can bring in LNG or can consume the imported liquid gas,” he said.

While BP is a producer and trader of LNG, RIL’s twin refineries at Jamnagar in Gujarat as well as its large petrochemical plants are huge consumers of gas. ONGC also is a big consumer of the fuel. Besides the three, other firms which had expressed interest included Petronet LNG Ltd, Torrent Energy, Japan’s Mitsui & Co and Toyota Tsusho, said the official.

GSPC would hold 50 per cent stake in the project while Adani Group would take 25 per cent. The project is to be financed in a debt to equity ratio of 70:30. The terminal capacity would be expandable up to 10 million tons per annum.

PM unveils package of `8k cr for roads in J&K

Prime Minister Narendra Modi announced a package of Rs 8,000 crore for building of roads in Jammu and Kashmir. Chief Minister Omar Abdullah had flagged the issue during his recent meetings with the Central leadership and the Prime Minister, who was in the state on a day-long visit, announced he will push for the proposal in the Union Cabinet for granting Rs 8,000 crore to the state.

Modi said at a public rally, “I assure you that I will soon push in the Union Cabinet Rs 8,000 crore project needed for four important roads in the state.”

Omar had last month met Road & Surface Transport Minister Nitin Gadkari and pressed for ear ly completion of Batote-Kishtwar road, Kargil-Zanskar, Domail-Katra road, besides fast tracking the four-laning of Srinagar-Jammu national highway.

All these roads of vital importance were in bad shape at some places due to lack of proper maintenance.

O m a r h a d a l s o s o u g h t construction of four tunnels in Jammu and Kashmir to link important roads, which included a tunnel at Peer Ki Gali on Mughal Road, a tunnel to connect Singhpora in Kishtwar to Vailoo in Anantnag and two tunnels between Lolab-Bandipora and Sudh Mahadev-Marmat.

Held up highway projects worth `50k cr get big push

Kerala ready to develop Vizhinjam as central project

The Centre on August 12 decided to empower states to give forest and mining clearances for road projects, a move set to give stalled highway projects worth Rs 50,000 crore a big push.

Government officials said some of the big ticket projects that would benefit include the Rs 2,848 crore six-lane Varanasi-Aurangabad stretch; Rs 2,016 crore six-lane Dhankuni-Kharagpur stretch in West Bengal; Rs 2,388 crore Beawar-Pali-Pindwara stretch and Rs 1,008 crore four-lane Sambalpur-Baragarh stretch in Orissa, among others.

Kerala Chief Minister Oommen Chandy said the state was ready to extend full support for the Vizhinjam International Seaport project if it is developed as a central project. The state government has brought the matter to the attention of the Prime Minister. The matter was recently detailed in a letter sent to the Prime Minister on August 6.

The state has written three letters to PM Narendra Modi on Vizhinjam project, said the Chief Minister.

At an inter-ministerial meeting chaired by Highways Minister Nitin Gadkari, it was decided that states would soon be able to give permission for mining of sand from dry river beds spread up to 20 hectares. Currently, this limit was five hectares beyond which projects had to be cleared by the Centre. The move would help in addressing the shortage of raw material and fast implementation of projects.

The meeting was also attended by Railways Minister DV Sadananda Gowda and Environment Minister Prakash Javadekar.

The state government wishes to complete the project within three to four years with the support of the Centre. The Chief Minister in his letter pointed out if the Centre had interest in developing a big port along the south-west coast under the jurisdiction of the Ministry of Shipping, Kerala is ready to extend all support in the best possible manner and all possibilities of the Centre’s involvement in the project would be discussed, he said.

Adani Ports and Sez Ltd, Srei-OHL

“It was also proposed that states will be empowered to clear highway projects spread in forest areas of up to 40 hectareS. Till now such projects had to be cleared by the Centre which more often than not resulted in delays. So far, 80 per cent projects belonged to this category,” said a government official.

The Railways Ministry on its part decided that it will waive off land-lease agreement, maintenance and supervision charges that it levies on highway projects coming up on railway land.

consortium, Essar Ports Ltd had already bought the forms for participating in the project price bidding and the last date for submission is September 10.

The expected cost for the first phase of the Vizhinjam project is Rs 6,647 crore. The empowered institution has recommended sanctioning a viability gap fund for the project; however, the sanction amount has not yet been materialised. Chandy said the project should have a concession period for 10 years.

Modi lays foundation for `4,000-cr JNPT Sez

August 18-24, 2014 7

Imagine a city that operates so efficiently that it improves the quality of life of its citizens, who then work in parallel to boost local economy. A city that comprises a smart economy, smart environmental practices, smart governance, smart l iving, smart mobility and smart people. A city that gives its citizens access to civic amenities like security, healthcare, transport and cost-effective power supply in real time. Imagine a city so smart that it can enable sustainable development. Seems like a dream doesn’t it?

While the idea of a smart city may have been a dream in India a few years ago, today they are a possibility due to resource enhancement, government awareness and active c i t i zen pa r t i c ipa t ion . Va r ious city projects are being planned and some are even underway to offer better quality of life in urban environments.

Safety infrastructureBut the foundation of any smart

city is ‘safety’ of its citizens and resources. Components of a smart city can only work tandem if its social and physical infrastructure is safeguarded from any threats, be it personal or natural.

inFrastruCture

Ultimately, all public safety systems – including human

operators, technologies and organisations –

have to work seamlessly together for a smart,

safer city to function well

Making smart cities saferAs cities expand and populations

grow, they lead to anonymity and prevalence of high threat targets, presenting anti-social groups with several opportunities. Therefore, new infrastructure is required not only to support the growing population, but also to manage the increased pressure they add to the city’s natural resources. The 26/11 terror attack and 2005 mega floods in Mumbai highlighted some key loopholes in the security and safety infrastructure of the city.

Thus there is stringent need for emergency services, law enforcers, corporations and individuals alike to cooperate and address the ever-growing need for security and safety. Further, intell igent management integrated with information and communication technology (ICT) and active citizen participation can also drive the creation of smart and safe cities.

Smart cities can enhance public security by deploying networked security systems across several entities, to optimise the necessary response from detection to action. Vast communication and sensor networks across cities, enable law enforcement and other government agencies related to citizen safety to gather greater quantities of data; interpret them and react effectively.

Greater interoperability allows technologies and networks to be l inked and advanced analyt ics provides departments with the data they need to make effective decisions on time. This is driving change to the way major cit ies across the world evaluate their security requirements.

Further, natural disasters are a major threat to safety and first response is critical to the success of smart and safe c i t ies. With cities being susceptible to natural disasters, advanced information and communication systems must be deployed in order to minimize casualt ies and economic loss. Ultimately, all public safety systems – inc lud ing human operators , technologies and organisations – have to work seamlessly together for a smart, safer city to function well.

Part of sustainable societyNEC, one of the world’s leaders

in the integration of IT and network technologies, envisions smart cities as part of a sustainable society in which people live, work, and play in safety and comfort while also coexist ing in harmony with the environment.

NEC has been working with governments across the globe to design and rol l out systems that take advantage of info com technologies to transform the lives of citizens. With solutions ranging from immigration control to emergency and disaster management, NEC has established safer cities for more than 480 customers in over 30 countries, in Asia-Pacific, Latin America, Europe and the United States.

I n I n d i a , N E C i s w o r k i n g closely with the Central and state governments to understand the need of utilizing technology for tackling governance challenges and making a smart city safe. Today, NEC offers a variety of solutions including the biometrics, fingerprinting technology for police and forensics departments in India.

Security formatIn terms of personal security,

NEC offers Automatic Fingerprint Identification System solutions to the SCRB (State Crime Records Bureau) of three states. The technology helps the police collect, digitize and match criminal records faster.

Another key project that NEC is working on in India is the biometric de-duplication of records for Aadhar -- a unique identity card that has been provided to every citizen in the country. The card has key data pertaining to the individual user and is slated to become the sole card to identify them. Currently, there are no means to identify an individual because of various cards that are provided by the government.

These include PAN card, ration card, LPG card, driver’s license card, etc, which differ from state to state. NEC’s technology used in Aadhar programme has provided a standardized identification format for all individuals throughout the country.

The card also has biometric templates of the user, which will eventual ly be used for logical and physical access for various facilities across the country. NEC also has a longstanding relationship with the Karnataka state police and has been working with them since 2002, providing them NEC’s Automatic Fingerprint Identification System (AFIS), which has helped increase conviction rate in the state remarkably.

In the banking sector, NEC has been working with a consortium of public sector banks for dual factor authentication. NEC also offers Face Recognition System (FRS) for some states that can not only track movements of people, but also identify and live stream records of criminals who might be creating mischief.

Gathering info in emergencyFor d i sas te r managemen t ,

NEC has solutions that cover the various sensors needed in gathering in fo rmat ion on d isas te rs and emergencies, such as surveillance cameras, water level sensor, rain gauges, and seismometers and provide intell igence to analyse, assess and alert relevant authorities in timely fashion. NEC is pioneering such approach with innovative IAC (Inter-Agency Collaboration) product line.

Political willSurely, technology alone does

not solve problems. Leadership, foresight and pol i t ical wi l l are some of the other key attributes that contribute to a safe city. As technology advances, citizens too have to be comfortable with the privacy issues involved in data being collected, shared and processed by the relevant authorities.

Ultimately, governments and city authorities will have to evolve in their planning and decision-making, as cities become bigger. With the right innovation tools, city planners can build capacity and translate all the information coming through their feeds into action.

Substantial investments made in human and social capital along with technology (communication inf rastructure) wi l l fur ther fuel sustainable economic development and increase the quality of life. This combined with an active participatory governance will hence make a city smarter and safer.

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andrew Chi Head, Public Safety Solutions, NEC India

August 18-24, 2014 8real estate

Buyer’s guide to green homes

The factor of high construction costs continues to be at odds with the new

government’s focus on providing housing for

all by 2022

The overall benefits of green buildings depend on the extent to which sustainable features are included during

the initial planning and design

Challenge to affordable housing

the construction and infrastructure sectors with additional allocation to infrastructure projects in the recent budget. However, sizeable budgetary allocations are nothing new in the Indian context.

Everything looks good on paper until the funds for large projects hit bureaucratic hurdles on the road to implementation. Considering its complexity, clearing the opaque jungle of red tape that has been created in India over the decades is in any case not an easy task even for

emission of greenhouse gases during the lifecycle of resultant buildings. On an average, buildings consume about 20 per cent of the total energy available in a country, and this trend is increasing with every passing day.

Sustainable solutionsMounting concern for environmental

impact of real estate has necessitated formulation of sustainable solutions. This has led to the advent of sustainable real estate and related ‘green homes’ concepts. At its basis, sustainable real estate is all about using resources sustainably and addressing demands of the present without compromising the ability of future generations to meet their own needs.

Green housing or eco-friendly homes are an integrated approach towards minimizing adverse effects of construction and its operation on the environment and promoting healthier living for people. It has been

the most determined government.

FDI aspectIf viewed from a market-level

perspective, Budget 2014 has in fact not delivered any tangible means to reduce construction costs. The cost of construction materials has been increasing at a rate of 15-16 per cent over the past three years, and this has seriously impeded developers’ ability to generate sufficient profits to launch new projects.

While this does not significantly impact larger developers who tend

Over the past decade, the construction industry has been hit hard by economic slowdowns and extreme market fluctuations. Construction and infrastructure play a significant role in a country’s economy, but r igid contractual policies and very high construction costs (among other factors) have been constricting the growth of this sector in India.

Needless to say, growth in construction and infrastructure will not only result in more connected, streamlined and future-ready cities -- it also means the creation of millions of new jobs and overall growth of the economy.

The new government did attempt to provide increased impetus to

The tremendous rate of real estate development across the globe, and especially young, emerging nations, is imposing immense pressure on the environment and its natural resources. With such a rapid development, there is a lot at stake when we look at important factors such as energy availability and environmental sustainability.

The real estate sector is one of the major contributors to global warming due to extensive pollution during the construction process as well as

to launch residential projects for the mid-income and high-income segments of buyers, it is a challenge to smaller developers who typically cater to the needs of home buyers with smaller budgets. In other words, the high cost of construction remains a serious challenge to the affordable housing sector.

The factor of high construction costs continues to be at odds with the new government’s focus on providing housing for all by 2022. National-level developers will doubtlessly benefit from the recent budget loosening the norms of foreign direct investment into the affordable housing sector.

This is because, thanks to their larger land holdings and financial positioning, they will be able to meet the minimum area norms and capitalization criteria required by the FDI policy. The FDI aspect for affordable housing is more or less geared towards large-scale development undertakings, often involving slum rehabilitation in larger cities.

However, the biggest suppliers of budget housing in India have always been smaller players. Because of high land costs, projects launched by these developers tend to be small and therefore of no interest to foreign institutional investors. These low-key developers will therefore not benefit from the relaxation of FDI norms into affordable housing projects,

sachin agarwal CMD, Maple Shelters

and continue to suffer from ever-escalating construction costs.

Glimmer of hopeThe one glimmer of hope on the

horizon is the budget’s allocation of Rs 40 billion towards low-cost housing schemes. However, no clarity has so far been offered on what categories of developers will be benefited, and what the qualification parameters are.

Th is a l locat ion is bas ica l l y compensation to the NHAI for the loss it incurs in the process of providing incentives and developers of affordable housing. However, incentivization takes place at a local level and depends on locally-decided parameters.

For example, in a state like Gujarat (which already has very proactive policies for affordable housing) the benefits of this allocation will be more uniformly spread across stakeholders. This does not mean that all developers of affordable housing in other states will be equally benefited.

extensively documented that living in conventional buildings has been working against residents, both in terms of living standards and the cost of excessive energy consumption.

The process that governs eco-friendly homes is limiting the use of scarce resources such as water, energy and materials used during construction and occupation. The idea is to incorporate features that make the most of natural resources such as light and water, while reducing heat gain and improving the quality of indoor air. Green buildings not only enhance quality of life but also reduce the cost of living, as these buildings involve significantly lower consumption of energy, water and other resources.

Constraints to faster growthThe first and foremost constraint

for the proliferation of green buildings in India is the lack of information and incorrect perceptions. It is generally

believed that green buildings cost more and take a long time to pay back in tangible energy savings.

Such a perception leads to lower demand levels from the larger buyer base. In fact, the additional cost factor is rapidly reducing as more and more developers get into the ‘green homes’ arena, since there is increased competition. Also, green homes result in significantly reduced utilities bills right from the start.

Also, many developers are deterred from adopting the ‘green mantra’ in their projects because green buildings may involve increased construction costs. They may also find it challenging to obtain necessary technologies, source green building materials and find appropriately qualified architects and contractors in India.

Nevertheless, developers are aware that the ‘green wave’ is catching the fancy of more and more home buyers in India and want to get on the bandwagon. Unfortunately, this has resulted in a lot of residential projects which define themselves as ‘green’ without adhering to all mandatory parameters or having obtained necessary certification.

The overall benefits of green buildings depend on the extent to which sustainable features are included during the initial planning and design. In some cases, such features can also

be incorporated after the building is complete. But the point is that a few green features do not qualify a building as environmentally sustainable.

Genuine or wannabe project Because of the increasing interest

in this concept by home buyers, many developers have begun promoting projects under the banner of ‘eco-friendly homes’. While many of these projects are indeed accordingly certified by competent authorities, others are merely seeking to get on a popular bandwagon without actually delivering the goods.

To ensure that a genuinely ‘green’ residential project is not mistaken for one of the many wannabes, it is important for their developer to obtain accreditation from the green rating systems followed in India. Griha (Green Rating for Integrated Habitat Assessment) is one such system which verifies whether a building has adhered to all the prescribed parameters, and that materials and processes have been used at every stage of construction. Once all the requirements are met, the project is credited as a ‘Green Building’.

Check list for green home buyers:

Does the project offer ready access to public transportation to reduce the need for private transport?

Does it have fixtures that facilitate lower water consumption, and are the systems and fixtures used in common area lighting systems certified as energy-efficient?

Does it use solar water heaters and has sewage treatment plants, rain water harvesting and water recycling/reuse features?

Does it feature natural ventilation to reduce the need for air-conditioning?

Does it have adequate open spaces and green areas?

Does it offer covered car parking?Does it have sustainable waste

disposal features?

Juggy marwaha Managing Director, South, JLL India

August 18-24, 2014 9eQuipment

SDLG fleet goes beyondexpectations at Indian seaport

“T imbe r comes i n va r i ous categories and can be hard or soft,” explains Keyur Thakrar, the company’s director. “Delicate handling is essential to ensure no damage is caused to the logs. Previously we were using big machines that were cumbersome and it took a long time to load and unload a vessel carefully. So when it came to changing our fleet, we took advice from our local dealer – Sarvajit Construction Equipment (CE) Services – to find a solution.”

R Narasimhan, dealer principal at Sarvajit CE Services, advised Thakrar to use a smaller wheel loader and introduced him to the 3 ton SDLG LG938L fitted with a locally sourced log grappler attachment. “It’s as though the machine was perfectly engineered for our site,” Thakrar continues. “It’s able to handle both soft and hard timbers delicately – but importantly, the machines are still quick, reliable and efficient.”

Swayam Shipping Services Pvt Ltd handles over 2 million tons of cargo each year at four ports across the state of Gujarat. At the country’s biggest private docks, Mundra Port, the cargo-handling specialist uses a fleet of 10 SDLG wheel loaders to load and unload precious wood shipments.

The western state of Gujarat expe r i ences d i ve rse wea the r conditions with mild, dry winters, extremely hot summers (reaching over 49°C) and a wet and humid monsoon season. The climate provides perfect conditions for over 400 species of trees to grow – including the most abundant, neem.

Swayam Sh ipp ing Serv ices specializes in handling, storing and transporting pine, neem and hardwood timber logs at four ports along the 1,600 km Gujarat coastline using a fleet of five SDLG LG938L and five SDLG LG958 wheel loaders to move cargo for 10 hours a day.

The company was founded 20 years ago and has since grown to be one of the region’s major players. And over the years, careful handling of timber has become more important.

Atlas Copco cements its position with Oman’s OCC

The Oman Cement Company (OCC) and equipment major Atlas Copco have released details of how their long-standing strategic relationship helps to maintain self-reliant nature of the Sultanate’s cement industry. OCC employs an array of Atlas Copco equipment to supply air for its plant and instruments, and to aerate its cement silos.

At present, the Omani cement manufacturer uses 16 Atlas Copco GA 160 oil-injected screw compressors; two ZA 6 single-stage, oil-free screw compressors; and a number of ZS 30 rotary screw blowers.

Ziad Al Siyabi, Maintenance Manager at OCC, said, “In order to meet our quality commitment, we need committed business partners who are geared to deliver the highest performance and 24/7 support.”

“Atlas Copco, over the years, has been able to deliver this through its huge compressed air equipment product portfolio and high-quality service support through its distributor, Bin Salim Enterprises,” he added.

Since its establishment in 1983, OCC has formed an important part of Oman’s drive for self-reliance within its core industries. In order to maintain this situation, the company requires equipment that is both reliable and efficient.

To this end, OCC has installed the GA 160 units at key locations across its plant. The compressors are able to operate continuously in the toughest conditions and at ambient temperatures of up to 55°C.

With screw technology, stainless steel coolers, and AGMA A4/DIN 5 gears, the ZA 6 units have also proven adept at operating in OCC’s dusty cement plant.

Moreover, OCC’s ZS 30 blowers, wh ich a re used fo r ae ra t i on applications inside the plant’s silos, have been shown to reduce energy costs by an average of 30 per cent, compared to conventional methods.

OCC has even constructed a dedicated compressor room with dual-filtration screeds to combat the problem of dust; a measure that has helped to increase reliability and reduce maintenance and energy costs, according to Al Siyabi and his colleagues.

Commenting on the partnership, Tony Van Herbruggen, Atlas Copco’s Country Manager for Oman, said, “With the success obtained so far at OCC, the Atlas Copco oil-free air team is quite confident about supporting OCC and meeting its high expectations with new, innovative solutions that deliver reliability and energy efficiency.”

Beyond the call of dutyThe 3 t LG938L wheel loader is designed to be agile, productive and

fuel efficient, featuring the powerful and reliable German-designed Deutz 6.1 l tier IVi certified engine. The air-conditioned cab with AM/FM radio and USB interface is designed for operator comfort, whatever the weather. The hydraulic quick coupler and in-cab activation switch allows the operator to switch easily and quickly from one attachment to another.

While some customers perceive Chinese-made construction equipment to be lower in quality – because of a lower purchase price – Shandong Lingong Machinery Co Ltd (the manufacturer of SDLG equipment) is changing these perceptions by ensuring its manufacturing and design processes are benchmarked against the world’s best to eliminate waste, improve efficiency and deliver the best quality.

In addition, SDLG has strategically located parts depots – including a parts warehouse in Bengaluru to shorten lead times as well as an established global dealer network that offers qualified technical support on site, even in the most remote locations.

“Sarvajit CE Services really does go beyond the call of duty to ensure our machines are kept up and running,” Thakrar explains. “Our first challenge we presented to them was our requirement for a full fuel tank to last 24 hours at a time – but this was no problem as Sarvajit ensured we

had a fuel tank extension fitted. The company listens keenly and takes time to understand our business needs. But best of all, they live up to – and even exceed – our expectations

in terms of sales and service support.”The five LG938L wheel loaders have been in

operation at the Swayam Shipping Services’ site for 16 months and have racked up over 16,000

operational hours between them. Thakrar confirms that they’ve experienced zero defects – whereas other brands of equipment have frequent faults. In fact, he has been so impressed with the performance of the SDLG wheel loaders, he’s taken delivery of five more SDLG 5 ton LG958 wheel loaders.

MAN to showcase efficiency technologies at IAA 2014

MAN Truck & Bus has announced it will showcase its latest efficiency technologies at IAA Commercial Vehicles 2014, Hannover, Germany.

The German vehicle manufacturer will use the Hanover event as a platform to unveil its latest engines, with top-of-the-range 640 hp TGX D38 truck as its centrepiece.

With 19 trucks on its stand and

on display, MAN will be the second-largest exhibitor at this year’s show.

“Consumption efficiency goes hand in hand with our goal of reducing CO2 emissions,” commented MAN in a press release detailing its plans.

“The new TGX EfficientLine has all of the efficiency technologies on board, most notably the EfficientCruise GPS Tempomat and the TopTorque

torque enhancer for fuel economy. In the TGX EfficientLine, designed with consistent fuel economy in mind, MAN has the most successful model on the market. Since its market launch in 2010, more than 27,000 customers have chosen the EfficientLine models and packages,” added the manufacturer.

Terex Environmental Equipment (TEE) has revealed details of the units that it intends to showcase at this year’s Recycling & Waste Management Exhibition (RWM 2014).

The TEE products to be displayed at the event include TRS 550 recycling screen and TDS 825 low-speed shredder. It will also use the show to provide further details of its move away from a North American-based distribution system towards global strategy.

TEE’s business line director, Martin Dummigan, said, “As part of the TEE business development, we have focused on expanding our distribution and product strategy into what we believe is a position of strength in the current marketplace.”

“We have made, and continue to make, significant investment in Terex Environmental Equipment, which includes product development, investment in facilities globally, and team-member resource,” he added.

The TRS 550, which features Spaleck technology, is a two-deck, high-performance recycling waste

screen designed and manufactured in Germany. The TDS 825 shredder, meanwhile, can be used for a diverse range of tasks, including applications within the fields of bio waste, municipal solid waste (MSW), construction, and demolition.

According to Dummigan, TEE has received renewed interest from the market of late, and the manufacturer hopes to capitalize on this momentum with its new products.

“Since the appointment of our international sales director, Conor Hegarty, we have received significant interest in our products from the rest of the world,” he explained.

“This is from both potential dealers and prospective new customers. We are delighted with our current aggressive product development strategy, which will see TEE taking a truly global approach in the wood processing, biomass, and recycling industries.”

RWM 2014 will take place at the National Exhibition Centre (NEC) in Birmingham, UK, from September 16 to 18.

TEE to unveil recycling kit at RWM 2014

SDLG LG958L wheel loader handles timber logs at the Mundra Port in Gujarat

Terex

August 18-24, 2014 10

requisite permissions, particularly the EC, from the competent authority.

The petition had also sought res t r ic t ion on the respondent (Noida) from awarding the tender for the project and a direction to all concerned stakeholders to obtain environmental clearance before commencement of work.

The petition had alleged that “while drafting the proposed scheme of the Sports City, the Noida authority has favoured the builder lobby instead of taking care of the environment and thus the claim of the Noida authority to provide world -class Sports City is nothing but an eyewash.

real estate

Noida Sports City told to get green nod

The National Green Tr ibunal has directed developers of an upcoming project, Sports City, in Sector 150 of Noida, to obtain Environmental Clearance (EC) before commencement of work. A green bench headed by Justice Swatanter Kumar disposed of a petition filed by Mahendra Pandey, which had sought to restrain New Okhla Industrial Development Authority (Noida) and others from awarding tender for the project on grounds that it has no jurisdiction in the matter. The project proponent to whom the tender is awarded, before he commences any part of the project, has to obtain

Dubai keen to partner with Gujarat’s Gift City

Godrej Properties to develop townhomes in Bengaluru

S e v e r a l D u b a i - b a s e d organizations are keen to develop the Gujarat International Finance Tec-City (Gift City) project near Gandhinagar, said state Finance Minister Saurabh Patel. During the visit they met authorities of Dubai International Finance Centre (DIFC), Dubai Mult i Commodity Centre (DMCC) and Dubai Metro, with a view to develop Gift City as a global financial hub, he said.

An overwhelming response to participate in the development of Gift City, and Gujarat in particular

Realty firm Godrej Properties said it will develop townhomes in its township project Godrej Gold Country in Bengaluru. Spread across 1.6 acres, the Mumbai-based company will develop 22 exclusive townhomes, which will be available in sizes from 2,616 sq ft to 3,816 sq ft and at prices starting from Rs 1.7 crore.

Godrej Gold Country is a joint development township project, which Godrej Properties is developing in

shows the confidence being posed in India by Dubai. The authorities of these organizations shared their experience of developing DIFC and DMCC and they also agreed to exchange information with Gift officials.

It said the organizations also agreed to en te r i n to MoU to collaborate in the development and promotion of Gift and has shown keen interest in the International Financial Services Centre (IFSC) in Gift City.

Aadhar Housing to disburse `600 cr loans in FY15

Mumbai-based Aadhar Housing Finance is looking at fresh loan disbursements to the tune of Rs 600 crore this fiscal for affordable housing, including to those from lower income group across Gujarat.

These plans are in accordance with the state government’s plans to

construct 22 lakh new homes in the next four years. Harshil Mehta, MD & CEO, said the company’s loan portfolio is expected to grow to over Rs 1,000 crore by the end of this fiscal.

“While new loans will be to the tune of Rs 600 crore, our portfolio size would be over Rs 1,000 crore,”

he added. “Gujarat is a high-potential state

for low-cost housing with the state government recently introducing the affordable housing policy and that is why we decided on moving this van office to give freedom to common man from rented homes,” he said.

Top real estate firms vie for Crompton plot in Mumbai

Koramangala realty sector bracing for ‘achche din’

Several top real estate developers are in the hunt for a 24.5-acre parcel of land in suburban Mumbai being sold by its owners, Crompton Greaves Ltd, for around Rs 1,000 crore. Runwal Group, Lodha Group, Oberoi Realty, Mahindra Lifespace and Kalpataru have been shortlisted as potential buyers, with Runwal Group leading the deal.

There is no formal bidding and the deal is happening through private

Stabilisation in property prices and slew of initiatives announced for real estate sector in Union Budget have given a boost to the sector, reports Shivendra Kumar Singh.

Koromangala real estate market is bracing up for a favourable period with expectations of market picking up both in residential and commercial space. Koramangala, which has always been a prime real estate market in Bengaluru, is beginning to generate a lot of response, especially in the residential sector, said experts.

negotiations. All the parties have submitted their prices and conditions. The board (Crompton Greaves) will take a call on the buyer, said a source.

The land, which is used for industrial purpose, is located in Kanjurmarg that is dotted with residential projects, but is also an upcoming commercial office area. As of March 2014, Crompton Greaves’ total consolidated debt was Rs 2,

The reasons being cited are the stabilization in property prices and a slew of initiatives that were announced for the real estate sector in this year’s budget.

Dinesh Reddy, a Bengaluru-based developer, said, “There is a lot of inventory in Koramangala which has brought down prices because the demand was not that great till some time back. But it is a prime market and a lot of development has already taken place. Many projects have completed or are nearing completion,

partnership with former actor Fardeen Khan and Laila Khan Furniturewalla. These townhomes are designed on the principles of sustainability.

T he p ro j ec t w i l l use eco -friendly materials and will integrate env i ronment-sensi t ive passive architectural solutions to minimize carbon emission associated with development. These homes are designed to offer residents a world-class lifestyle.

395.99 crore. The Crompton Greaves deal is only the latest of several such acquisitions this year in Mumbai.

Oberoi Realty bought Tata Steel’s 25-acre land parcel in suburban Borivli for Rs 1,155 crore this year. In June, the late nuclear physicist Homi Bhabha’s iconic bungalow in south Mumbai’s Malabar Hill was auctioned by the National Centre for the Performing Arts (NCPA) for Rs 372 crore.

so an investment there would be a good buy.” Reddy is proprietor of Prodaacon Promoters and has projects in north and north-east Bengaluru.

The situation is improving in entire Bengaluru, maintained the players and that it will have a trickledown effect in Koramangla. Rajiv Talwar, MD at DLF said, “The situation will improve now. Bengaluru overall has been a very important real estate market in the country. DLF has two projects in here.”

August 18-24, 2014 11international

BAM JV wins contract for new Brussels district

A 50/50 joint venture of Immo BAM and property developer Pargesy has won €95 million (£75.8 million) contract for a sustainable district in Brussels. The project includes development, design and construction of 270 subsidized apartments, 123 social rented housing units, some commercial areas, two nurseries and a small workshop for the Brussels cleaning services. The contract also

includes all road works on site. The organization will be responsible for the urban renewal policies of Brussels.

Tivoli aims to be a sustainable district with features such as a high energy performance of homes and buildings, roads that are designed from the perspective of pedestrians and cyclists, and focus on improving biodiversity, managing water and green spaces.

The project is designed by Adriana joint-venture, formed by architects Atelier 55, Atlante, Cerau, YY and landscape architect Eole. The construction work will be carried out in joint venture by Immo BAM’s parent company, BAM subsidiary CEI-De Meyer (50 per cent), together with Besix (25 per cent) and CFE (25 per cent).

Amey lands first US highways contract

ACC to develop Emaar Square in Jeddah

The £11million contract – Amey’s first American highways contract – is for the Texas Department of Transportation (TxDoT) and is for an initial period of two years, with the potential to be extended for up to four years.

Amey’s Chief Executive, Mel Ewell said, “This win spearheads Amey’s growth in America and is part of

T h e U A E - b a s e d A r a b i a n Construction Company (ACC) has secured a construction contract to develop Emaar Square, a major commercial project in Jeddah. Awarded by deve loper Emaar Middle East, a subsidiary of Emaar Properties, Emaar Square is touted to become one of the most prestigious commercial real estate developments in the Saudi Arabian city.

Work under the contract involves construct ing three bui ldings in

our continued expansion overseas, complementing recent growth in the Middle East and Australia. We look forward to working with our sister company Webber and with the Texas Department of Transportation bringing UK best practice to manage and improve the road networks around Dallas.”

Jeddah with a total built-up area of 45,000m². Work began this month, and the first offices will be handed over to customers in 2016, said ACC.

Emaar Square, an AED146.9 million ($39.9 million) contract, will be located close to the headquarters of the Jeddah Chamber of Commerce & Industry and is in proximity to the Crescent Plaza, retail and lifestyle hub within Jeddah Gate, the Saudi port city of Jeddah.

Balfour Beatty’s £75 m contract for UK road upgrade

British infrastructure group Balfour Beatty has secured a £75 million contract from the UK’s Highways Agency under the A63 Castle Street Hull Improvement Scheme to improve road access to the Port of Hull.

The 1.5 km scheme will involve the conversion of an interchange

into a split-level junction with a two-lane dual carriageway, which will aim to ease traffic. With a new 400m underpass, the heavy east-west traffic will be carried below the north-south traffic.

Also, two new bridges linking the south and north of the city, which

will be used by pedestrians, cyclists and disabled users, are part of the scheme. Under the contract terms, the company will work on detailed design and development, as well as assist with the statutory consultations for improvements. The construction work is scheduled to start by 2017.

Züblin, Hochtief JV secures €312 m rail tunnel

in Germany

German rail Deutsche Bahn (DB) has awarded €312 million contract to a joint venture of Züblin and Hochtief to deliver the shell construction of 4270 m ‘Rastatt Tunnel’. The tunnel, which forms part of a new route Karlsruhe in Germany and Basle in Switzerland, is part of planning approval section 1.2 of the new railway route between Karlsruhe and Basle.

The twin-bore tunnel wi l l be connected every 500 m by transverse tunnels which pass directly under the city area of Rastatt and will be bored

mechanically with a hydro shield tunnel boring machine over a length of about 3.8 km.

The scheme also includes trough sections to the south and north as well as a supply shaft and an operational building. Hochtief Infrastructure General Manager Wilfried Rammler said, “We are very pleased that, with this project, we will be building an important part of Deutsche Bahn AG’s main north-south railway route.” Work on the project will start in November this year and conclude in mid-2018.

The UK government has launched a study to explore Crossrail extension, which would provide faster rail services for passengers in Hertfordshire and also pave way for the redevelopment of Euston station for HS2. Under the plan, the government is planning to construct a new rail link to connect Old Oak Common and the West Coast Main Line.

London mayor Boris Johnson

said, “Providing a new rail route into the capital for passengers from Hertfordshire will be vital for Euston to be properly redeveloped to accommodate HS2 and to maximize the delivery of new homes and jobs in London and beyond. Crossrail services will be extended to Tring, Hemel Hempstead, Watford Junction, Berkhamstead, Harrow and Wealdstone stations in Hertfordshire.

UK plans Crossrail extension to Hertfordshire

Passengers travelling into London from these locations will be able to complete their journeys within 1km of a Crossrail station, compared to just 10 per cent travellers within 1km of Euston.”

UK Transport Secretary Patrick McLoughlin said, “We are investing record amounts to build a world-class railway, so it is vital we seize every opportunity to make the most of these once in a generation schemes. That is why I have asked HS2 Ltd to work closely with the Crossrail sponsors to look at extending Crossrail services to key destinations in Hertfordshire. “

Skai Holdings to build new hotel in Dubai

Property investment company Skai Holdings unveiled a plan to build AED1.2 billion ($326.9 million) four-star hotel in Dubai’s Jumeirah Village Circle district. The project was launched in June and Skai had already pre-sold all the available hotel rooms and serviced apartments in the 60-storey tower, raising $252.4 million (AED927 million) in the process.

The China State Construction Engineering Corporation (Middle East) has been appointed the main contractor. Located in proximity to Al Khail Road, suites in the Skai will comprise 234-hotel rooms, 234 one-and-two bedroom apartments and 33 penthouses.

It will also feature lush green balcony-gardens and 271 sky-high swimming pools and floating bathtubs within the apartments. Overall, the 60-storey tower will contain five dining venues, a sports bar, lobby cafe’, pool bar and grill and a rooftop Chinese restaurant. The project also features a supermarket located on the podium level.

Work is set to start on the site next month, with an opening due by September 2017. Atkins has been appointed lead consultants and architects while Tokyo-based Nao Taniyama will design interiors and Australia’s Topo Design Studio will provide landscaping services.

SHL designs Copenhagen airport pier C extension

The building of the extension of Pier C in Copenhagen airport, which is designed by Schmidt Hammer Lassen (SHL) Architects, is scheduled to break ground this month. The extension wil l offer services to both passengers and all

intercontinental flights in addition to providing extra space.

Copenhagen is witnessing an increase in passenger growth. Following this, the extension work is believed to manage the increase in passenger growth, including

both non-Schengen passengers and passengers travelling from or to a country outside the European Union.

This demands special measures to manage the handling of entry papers and passports. These trips take place from a specific departure area at the airport called Pier C. Comprising three new gates with individual lounges; the Pier C will get a 5,000m² extension.

The architecture firm says that the aim of the design is not simply an extension but a reinterpretation of the airport structure and an overall improvement in the services. Schmidt Hammer will be working on the extension work in collaboration with contractor MoE. The work is expected to be completed by the end of 2015.

August 18-24, 2014 12

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eventsSeptember 11-13, 2014

The Big 5 Construct IndiaBombay Convention Centre, MumbaiIt will provide the ideal platform for influential architects, contractors, consultants and engineers to share ideas about innovative construction tools and services. Contact: DMG: Events. PO Box No 33817 Dubai, UAE

October 4, 201419th One Full Day WorkshopThe Institution of Engineers (India), Mahalaxmi, Mumbai Workshop on Jirnoddhara of RCC buildings which contains Structural Audit, Upgrading (House - Keeping, Regular Maintenance, Repairs, Rehabilitation); Fixing Leakage and Waterproofing of existing RCC buildings and a total new concept to construct RCC durable buildings without leakage with practicals on acrylic polymer-based flexible membrane waterproofing system. Contact: Jayakumar Jivraj Shah, Single Faculty Course Conductor, 203, Wing-B, Lakshmi Apartments, Corporation Bank Building, Behind Anand Nagar, Dahisar (East), Mumbai 400068. Cell: 919819242649 Phone: 28483541/9819242649 jjshah123123@rediffmail.com The Institution of Engineers (India), Mahalaxmi, Mumbai Phones: 022-23543650/23542943 Mobile: 09820392726

December 4-6, 2014Ceramics AsiaGujarat University Exhibition Hall, Ahmedabad This event will be organized to enhance that potential by bringing industry professionals from different corners of the world under one roof. Ceramics Asia is going to be organized for three days at the Gujarat University Exhibition Center in Ahmedabad Contact: Unifair Exhibition Service Co. Ltd, Room 802-804, Daxin Building, 538 Dezheng North Road Guangzhou, China

December 15-18, 2014bC India ShowIndia Expo Centre and Mart, Greater Noida The International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles-provides the international construction industry with a professional platform for the construction industry. Contact: B C Expo India Pvt Ltd, Lalani Aura, 5th Floor, 34th Road, Khar (West), Mumbai

Naredco to hold real estate banking conclave ICEMA conference on rural roads

India has one of the highest densities of roads in the world, with 1.42 km of road for every square kilometer of land area. However, the country still lacks high-quality roads, including highways with four or more lanes, which offset the benefits of high road density.

Of the total road length of 4.6 million km, 60 per cent of the roads are rural (by length). National highways account for only 2 per cent of the total length, of which less than a quarter are multilane.

Developing India’s rural roads can provide mobility and connectivity for more than 800 million people living in rural areas. Improving connectivity can reduce alienation of rural India from urban India, increase economic opportunities for rural dwellers, and establish greater permeation of health and educational facilities

Recognizing the critical issue of the rural road sector, the Government of India (GoI) planned to give a boost to rural connectivity. In the year 2000, it launched a nationwide programme, the Pradhan Mantri Gram Sadak Yojna, (PMGSY-- Prime Minister’s Rural Roads Programme) under the Ministry of Rural Development (MoRD).

PMGSY is being implemented as a 100 per cent centrally-funded programme aimed at providing all-weather connectivity to all habitations of above-500 population (250 in case of hills, deserts and tribal areas).

With this backdrop in view and the advancement in technology in construction of rural roads, the Indian Construction Equipment Manufacturers Association (Icema), in collaboration with the Ministry of

Rural Development, is organizing the National Conference on Rural Roads on August 26 in New Delhi. The conference is being organized concurrently with the Annual General Meeting of the Icema.

The conference would focus on PMGSY Road Projects -- present status and future plan, implementation status of ongoing projects, role of equipment manufacturers for bringing in world-class technology, role of banks and financial institutions, equipment financing & leasing, etc.

Upendra Kushwaha, Minister of State for Rural Development, Panchayati Raj, Drinking Water &

T h e N a t i o n a l R e a l E s t a t e Development Council (Naredco) will be organizing a conclave on ‘Banking & Investment Reforms: Housing for all by 2022’ on August 20, 2014 at Hotel Trident, Nariman Point, Mumbai.

The conclave will focus on how real estate can contribute to increase the nation’s GDP and work on all possible hurdles including funding, to achieve the governments vision of Housing for All by 2022. The event organizers said that they have been able to get some really good dignitaries from the government and banking sectors to address the conclave.

The unique platform will address financial concerns in the real estate sector as well as possible reforms required by the country’s banking and financial system, and the government’s perspective on the same.

Over 300 delegates are expected to attend the conclave including CMDs of banks, NBFCs, PE funds and other financial institutions, along with leading real estate developers, finance heads and industry stakeholders.

The organizers have proposed to launch a White Paper & Banking Research Report during the conclave

in association with KPMG which is the ‘Knowledge Partner’ for the event.

The proceedings conducted will be presented to banking and government authorities for their consideration at the time of framing policies.

Important officials who will be present include Niranjan Hiranandani, CMD, Hiranandani Group; Navin Raheja, Chairman, Naredco & CMD Raheja Developers; Sunil Mantri, President, Naredco & Chairman, Mantri Realty Ltd; Neeraj Bansal, Partner & Head, Real Estate & Construction, KPMG in India; Mohammad Mustafa, CMD, National Housing Bank; Rana Kapoor, Chairman, Assocham & MD, CEO, Yes Bank; K R Kamath, Chairman IBA & CMD Punjab National Bankl, etc.

The other dignitaries include Anita Agnihotri, Secretary, Hupa, Governemnt of India; Shankar Aggarwal, Secretary, Ministry of Urban Development, Government of India; S S Mundra, Dy Governor, Reserve Bank of India (RBI); G S Sandhu, Secretary, Ministry of Finance, Government of India; Rajan Bandelkar, VP-Naredco & Director, Raunak Group; R Gandhi, Dy Governor, RBI, etc, among others.

Sanitation, would be the Chief Guest at the programme. L C Goyal, Secretary, Ministry of Rural Development, would be the Guest of Honour. The conference would be attended by representatives from all state governments and concerned s ta te leve l ru ra l deve lopment authorities.

The conference would review rural road projects already completed in various states, implementation status of ongoing projects and upcoming projects. The conference would also deliberate on the plan of action for upgradation of rural road projects and phase-2 of PMGSY plan.