Terex divests its material handling and port solutions business to Konecranes

Terex Corporation announced that it has completed the sale of its Material Handling and Port Solutions business (MHPS) to Konecranes Plc for $595 million and €200 million in cash and 19.6 million newly issued class B shares representing a 25 per cent interest in Konecranes. “We believe that the Konecranes-MHPS combination represents compelling industrial logic

MSRDC invites RFQ for Maharashtra Samruddhi Corridor

Maharashtra State Road Development Corporation (MSRDC) has invited Request for Qualification (RFQ) from global construction majors for the Mumbai-Nagpur Super Communication Expressway project popularly known as the Maharashtra Samruddhi Corridor (MSC). The cost of the project is estimated at Rs 46,000-crore which includes development of new towns along the Expressway as agro prosperity hubs. The

The 2016 crème de la crème

Here’s presenting a sneak peek of Bauma Conexpo India 2016 15th December 2016, curtain comes down on Bauma Conexpo India 2016 – the international trade fair for construction machinery, building material machines, mining machines and construction vehicles held in Gurgaon. The 4-day long extravaganza came to an end after showcasing the best product innovations of

“We are suffering from foreigner mania”

From a private developer to a government official – everyone is giving his/her projects to foreigners. We should curtail this phenomenon. – Architect Hafeez Contractor In an interview with ACE Update, Architect Hafeez Contractor shares a different perspective to the smart cities programme. He also talks on why we do not have any iconic or

Impacts of demonetisation on Indian PEB industry

Analysis on the impacts of demonetisation on Indian PEB industry The government has recently announced demonetisation in the country declaring that the use of Rs 500 and 1000 banknotes would be invalid from 8 November 2016. Simultaneously the government also announced the issuance of new Rs 500 and 2000 banknotes in the exchange of old

Mtandt to invest Rs 70 Cr into manufacturing and rental

The Mtandt Group, one of the pioneers in bringing Aerial Work Platforms (AWP) and portable roads in India, announced investment of Rs 70 crore into setting up manufacturing facility and enhancing rental equipment inventory. Gopal Modi, Group Executive Director, Production and Purchase, Mtandt Limited said, “We will be setting up state-of-the-art production facility for manufacturing

Finance execs at municipal bodies optimistic about smart cities: ACCA

Over 70 per cent of executives from the accounts and finance departments at various municipal corporations across the country are cautiously optimistic about the government’s ambitious plan to build 100 smart cities, says a 40-city survey conducted by UK-headquartered ACCA (Association of Chartered Certified Accountants), the global body for professional accountants. Accounting and finance professionals

GST to help developers shift focus to affordable housing

GST will lower real estate costs for the affordable segment of housing while increasing costs for the premium segment. The Goods and Services Tax (GST) is likely to make real estate developers shift focus of real estate developers towards the high volume, low to medium income segment. Affordable housing costs could fall and those for

Quality construction with speed

First Acotec SEMI wall plant established in India In the past few years, Elematic has put significant effort into serving Indian precast customers. A sales and services unit was established in New Delhi, and a local manufacturing unit focusing on moulds was opened. Recently, BN Precast Pvt Ltd acquired the first Acotec line in India.

HVAC challenges for high-rise

High rise buildings are developing on a rapid base in India. It is a structure that is well equipped and has all the amenities but still it has few challenges like indoor air quality, thermal comfort and the overall energy efficiency and the energy foot print which cannot be overlooked. Therefore it is important the