Project News Details
Rural Housing targets in 2016-17 absolutely doable-MoRD
Department of Rural Development was given a target to complete 33 lakh houses in 2016-17. These included houses that were taken up under the Indira AwaasYojana (IAY) and were incomplete on 1st April 2016. Many of them were incomplete for many years. Of these, 21.57 lakh houses have been completed so far. This is nearly double of what was being completed each year in the 2012-13 to 2014-15 period.
In the current financial year, on 20th November, 2016, Hon’ble Prime Minister formally launched Pradhan MantriAwaasYojana (Gramin) - PMAY(G), with an original approval for33 lakhs new PMAY Gramin houses, which has now been increased to 44 lakhs.
The targets have been communicated to the States and after following an intensive process of beneficiary selection using SECC ( Socio-Economic Caste Census-2011) and Gram Sabha, housing design typology finalization, finalization of training programme of rural masons and geo tagging of all currently occupied houses to establish that only poor households have been selected, States have started the registration process for construction and over 14.23 lakh beneficiaries have already been registered so far.
16.53 lakh images of current dwellings are uploaded on the AwaasSoftwebsite. The work on all these houses are expected to be started over the next one month, and completion period for these houses has been brought down to only 12 months with efforts to complete more than 50 per cent of houses in six months. Most of these 44 lakh houses are expected to be completed before December, 2017. Altogether one crore and 33 lakh houses will be completed in three years from 2016-17 to 2018-19.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.