Tata Realty targeting an order book of Rs.30,000 crore by 2015 in construction

Tata Realty and Infrastructure Ltd (TRIL) is targeting an order book of Rs.30,000 crore by 2015, building logistics parks, roads, airports, rapid transport systems,TRIL, a wholly owned subsidiary of Tata Sons, is currently executing around Rs.8,000 crore worth of realty projects all over India.

TRIL would soon set up a logistics park at Guwahati and was in talks with a foreign partner who would bring in the technology.The company has budgeted Rs.1,400 crore for building 14 logistics parks with some cities having multiple parks.TRIL is now executing the Pune-Sholapur road project with an outlay of Rs.1,500 crore.It has floated a subsidiary to execute road projects investing $122.5 million and private equity firm Actis putting in $77.5 million.


Tril target is to do $2 billion worth of road projects in four years time frame.Planning to bid for two greenfield airport projects at Nagpur and Pune, the company will be building a private airport at steel city Jamshedpur.In the area of urban transportation, TRIL is in the process finalising the joint venture partner for mono rail business and would start bidding for projects in Bangalore, Delhi, Mumbai and Ahmedabad,.Seeing the rush from corporates to set up units in SEZs before Dec 2011, TRIL has tweaked its strategy to lease out space to multiple companies at its upcoming Ramanujam IT SEZ here, instead of leasing out to a single player."It is a derisking strategy. As and when a company wants to expand we would provide the needed space. The probability of some tenants expanding operations is higher when their number is higher than hoping on couple of big tenants to expand.

the Rs.3500-crore, 4.5 million square feet project will be completed in three phases. The first phase of 700,000 sq ft will be ready by this December and by next March another facility of similar size will be completed.The project consists of IT SEZ, high end residential apartments and serviced apartments, convention centre and retail complex.

Environment Ministry's notice shocks Lavasa Corp.

Pune-based Lavasa Corporation , a subsidiary of HCC , today expressed shock over the Environment Ministry .s showcause notice to it for allegedly carrying out construction activities without approval.

"Lavasa Corporation Ltd is shocked at the receipt of a 'stop work' notice from the Ministry of External Affairs on November 26," a spokesperson from the company said in a statement.

Lavasa, engaged in the building and management of a hill-city near Pune, also said it has already responded to issues raised by the Environment Ministry.

"In an earlier communication to the government of Maharashtra, issues raised by the MoEF had already been responded to," the spokesperson said.

The MoEF had on November 25 slapped a showcause notice on Lavasa, a unit of Hindustan Construction Company (HCC), for carrying out construction activities without its approval in 25,000 hectares.

The ministry has given 15 days to the company, asking as to why the unauthorised structures erected by it, without any environmental clearance, between March 2003 and September 2006 in Mulshi and Velhe Talukas in Pune should not be demolished in their entirety.

The constructions, it said, were in violation of the Environment Impact Assessment Notification, 2006.

Delhi Metro Debars Gammon For Zamrudpur Mishap...

Delhi Metro has debarred Gammon India , the construction company which is responsible for the Zamrudpur mishap that killed seven people, from participating in its projects for the next two years after finding its reply to the show-cause notice unsatisfactory.

The contractor has also been imposed a fine of Rs 5 crore by the Delhi Metro in an order issued on October 20.Gammon was issued a show-cause notice by Delhi Metro last year after it found that "design deficiency" was responsible for collapse of an under-construction bridge in the wee hours of July 12, 2009 at Zamrudpur in south Delhi.

The construction was part of the Central Secretariat-Badarpur corridor, which was partly opened to the public last month.In the notice issued to Gammon last July, Delhi Metro had asked the contracting company to explain why it should not be blacklisted for two years in the wake of the incident.

"The reply to the notice was found unsatisfactory, so the decision to debar the company was taken," a DMRC spokesman said.A four-member panel that went into the mishap fixed responsibility on Gammon for the accident and recommended the reconstruction or modification of four pier caps near the site.

In a 11-page report, the panel headed by IIT Professor A K Nagpal said there was a departure at site from the requirements of the design in the application of grout to the interface between the end plates of the steel strut and the face of the pier/pier cap to which the plates are attached.

"The drawings followed on site for construction of Pier 67 were advance copies and not authenticated by DMRC's design section. On enquiry, it was found that on occasions work commences without 'Good for Construction' signed drawings to avoid delayed construction," the report had said.