RSS Feeds Forgot Password | Register
Cement | May 22, 2013
#34803

India Cements sets up arm to execute infra projects

India Cements Infrastructure, the newly formed wholly-owned subsidiary of cement major India Cements (ICL), will focus on water and road related projects, company sources said.

   

ICL set up the subsidiary during Jan-Mar 2013 quarter to carry out various infrastructure projects in the country. The company secured orders worth Rs 120 crore.

   

The order book includes a contract to set up pipeline for a water drainage project in Kerala. This is said to be the first project of the firm. The company has not bid for any project directly, since it has not qualified on its own for now.

   

Earlier, the company was reportedly considering various options including construction works and other infrastructure projects like hydel power project and road construction.

   

In July, 2011, the firm sought the approval of its share holders enable it to explore, execute and manage all types of construction and development works including roads, highways, expressways, subways, harbours, rail, metro systems, inland container depots, power projects and airports among several other projects.    

It wanted share holders' nod for including a subclause to its objects clause of the Memorandum of Association of the Company for foraying into the above operations.

Advertise Here [670 W x 90 H pixels]
Subscribe Project Reporter
  • Sector News

  • Latest News

  • 20 Dec 2014

    NMRC finalises 21 station for Greater Noida metro project

    read more
  • 16 Dec 2014

    Centre approves proposal to ensure quick transfer of land owned by government departments and PSUs for metro rail projects

    read more
  • 05 Dec 2014

    IRB Infrastructure gets provision certificate for Pathankot Amritsar BOT Project

    read more
  • 05 Dec 2014

    MMRDA approves two metro corridor project for Mumbai

    read more
  • 05 Dec 2014

    GOI gives nod to monorail project in Chennai

    read more
  • 18 Nov 2014

    Telangana government plans to take up road development in a big way

    read more
  • 04 Jan 2015

    PM stresses on improving quality of urban governance...

    read more
  • 04 Jan 2015

    Government to build industrial corridors and smart cities...

    read more
  • 04 Jan 2015

    AP to seek Rs 2,000 crore under Swachh Bharat scheme...

    read more
  • 04 Jan 2015

    BHEL gets 1x800 MW Kothagudem power project...

    read more
  • 04 Jan 2015

    BHEL, HSL and Midhani comes together to bid for submarine project...

    read more
  • 04 Jan 2015

    Develop new airports in Arunachal Pradesh: Thangwang Wangham...

    read more
|
Advertise Here [728 W x 90 H pixels]