In line with Prime Minister Narendra Modi's "Make in India" campaign, Railway Minister Suresh Prabhu has finally given green signal to the
two much awaited big-ticket FDI proposals for setting up diesel and electric locomotive plants in Bihar at a cost of Rs 2,400 crore.
Ending the suspense over the fate of Madhepura electric locomotive plant and Marhora diesel locomotive plant, Railways has finalised the financial bidding for the high-value joint venture projects after considerable delays, re-thinking and prolonged due diligence amid repeated revision of bidding documents.
The Request for Proposals (RFP) containing financial bidding documents for both the plants are ready and the shortlisted bidders have been intimated the same, said a senior Railway Ministry official.
While four global firms -- Alstom, Siemens, GE and Bombardier -- have been shortlisted for the proposed electric locomotive factory at Madhepura, two multinationals -- GE and EMD - are vying to bag the diesel locomotive plant at Marhora.
The estimated cost of the factories is about Rs 1,200 crore each. The financial bidding will be opened on August 31 and there will be two pre-bid meetings held in between, the official said.
With the government allowing 100 per cent FDI in the railway sector, setting up of the two locomotive plants in joint venture model is crucial for Railways to give a boost to its infrastructure. The two projects are among top eight infrastructure projects being monitored by the PMO.
T
he Madhepura plant will manufacture 800 electric locomotives of 12,000 horse power (HP) over 11 years. While five electric locomotives will be imported, 795 will be manufactured at Madhepura, as per the bidding condition.
Marhora plant will produce 4500 HP and 6,000 HP diesel locomotives using state-of-the-art technology.
In the course of about 10 years after commissioning, the proposed Marhora plant is expected to manufacture about 1,000 diesel-electric locomotives, that is 100 locomotives annually.
While 700 diesel locomotives will be equipped with 4,500 horse power (HP), 300 diesel locomotives will be manufactured with 6,000 HP, said the official.
Green signal for two big-ticket FDI proposals in Railways
Govt gets Rs 12.5k cr from 3 coal mines
The third day of coal e-auction ended on Saturday with Hindalco, Jindal Power and Indrajit Power each bagging one block.
The government kitty’s has swelled by Rs 12,591 crore with the sale of three mines–Dumri in Jharkhand, Tara in Chhattisgarh and Nerad Malegaon in Maharashtra.
Amid stiff competition from bidders, Hindalco Industries won Dumri mine in Jharkhand (Rs 2,127 per tonne), Jindal Power grabbed Tara block in Chhattisgarh (Rs 126 per tonne) and Indrajit Power clinched Nerad-Malegaon block in Maharashtra (Rs 660 per tonne). The Tara Block was for power sector while the two others were for unregulated sector like steel or cement.
These three mines would contribute a cumulative Rs 12,591 crore to the state exchequer.
With the three blocks, the government stands to garner over Rs 1.43 lakh core, including over Rs 1 lakh crore from the auction of 19 blocks in the first tranche. In the second trench of auctioning, which started on March 4, the government was able to rise Rs 43,000 lakh by selling eight mines. The amount of proceeds has been calculated based on extractable reserves and highest bid price.
Three more blocks will be put up for auction when the bidding starts on Sunday, said an official from the Ministry of Coal.
In the second leg of the coal block auction, the government has put up 15 blocks for sale, which are under the “ready-for-production” category.
The auctions follow the Supreme Court’s decision last year to cancel the allocation of 204 coal mines.
Govt gets Rs 12.5k cr from 3 coal mines
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@nair Bhai, I remember u showed interest in knowing abt the investments being made in sricity sez rt ?? these are some sme recent developments in sricity..(excerpts from links
The Department of Electronics and IT of the Government of India has given its in-principle approval for the creation of an ‘electronic manufacturing cluster’ in the Sri City industrial township, near Chennai.
An official of Sri City said that the company has received “very serious enquiries” from a couple of Indian companies to set up units in the zone. He didn’t name them, but said they were suppliers to large electronics manufacturers.
The grant will help Sri City’s push to get electronics units to set up units in the township. In the seven years since it began offering developed plots on 99-year lease,
Sri City has attracted 102 units from 26 countries and these units have invested ₹20,000 crore. They include marquee tenants such as Cadbury’s, Kellogs, Pepsi, Alstom, Colgate-Palmolive, Isuzu, Kobelco – “12 companies with global turnover of $12 billion each,” as Sri City’s promoter Ravi Sannareddy puts it.
Sri City gets Govt nod for grant for electronics cluster | Business Line
The new plants, which will initially entail an investment close to
£50 million each, will come up at Sri City in Chittoor district (about 50km from Chennai), and at Mahindra World City in Jaipur, the company said in a statement on Thursday. The company has secured land for the two projects.
The Sri City plant will be operational first—by the second half of 2016, followed by the Jaipur plant. The two plants will generate 150 jobs locally, the company said. Rexam’s Sri City plant will be located in the vicinity of PepsiCo Inc.’s largest beverage manufacturing plant in the country. The beverages and snack maker is investing Rs.1,200 crore in its Sri City plant.
Read more at: http://www.livemint.com/Companies/N1qpNwc2CMUS7RGdYafLUP/UKs-Rexam-to-set-up-plants-in-Andhra-Rajasthan-with-100-m.html?utm_source=copy
Belgium’s Vermeiren Group NV’s facility at Sri City SEZ to attract Rs50 crore investment | Customs Today Newspaper