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August 18-24, 2014 1 
An MMR, Braj Binani Group Publication Volume 3 l Issue No 33 l August 18 - 24, 2014 l Price: Rs 100 
Sebi’s nod to Reits, infra 
investment trust 
India’s capital markets regulator, 
the Securities & Exchange Board of 
India (Sebi), approved rules for the 
creation of real estate investment 
trusts and infrastructure investment 
trusts in the country. The move will 
give cash-strapped developers easier 
access to funds and create a new 
investment avenue for institutions 
and high net-worth individuals, and 
eventually ordinary investors. 
The approval comes a month after 
Finance Minister Arun Jaitley said 
that these trusts would be given a tax 
pass-through status, meaning they 
wouldn’t have to pay any federal taxes 
as long as they pass most of their 
income to shareholders in the form of 
a dividend. 
Welcoming the rules issued by 
the Sebi, the industry experts said 
that that real estate and infrastructure 
trusts will help provide a new source of 
funding for developers and investors 
in infrastructure projects. 
All Reit schemes, to begin with, will 
be close-ended real estate investment 
schemes that will invest in property 
with the aim of providing returns to 
unit holders. The returns will be derived 
mainly from rental income or capital 
gains from real estate. 
The Sebi said that Reits will be 
allowed to invest in commercial real 
estate assets, either directly or through 
special purpose vehicles (SPVs). 
In such SPVs, a Reit must have a 
controlling interest of at least 50 
per cent of the equity share capital. 
Moreover, such SPVs have to hold at 
least 80 per cent of their assets directly 
in properties. 
The Reits will be allowed to raise 
funds only through an initial offering and 
units of Reits have to be mandatorily 
listed on a stock exchange, similar to 
initial public offering (IPO) and listing 
for equity shares. An Reit will be 
required to have assets worth at least 
Rs 500 crore at the time of an initial 
offer and the minimum issue size has 
to be Rs 250 crore. 
The minimum subscription size 
for units of an Reit on offer will be Rs 
2 lakh and at least 25 per cent of the 
units have to be offered to the public. 
Subsequently, Reits can raise money 
through follow-on offers, rights issues 
or qualified institutional placements 
and the trading lot for such units 
will be Rs 1 lakh, said the Sebi in a 
statement. 
As per estimates by property broker 
Cushman & Wakefield, the assets that 
may qualify to be included in Reits may 
reach $20 billion by 2020, In the first 
three to five years, as much as $12 
billion could be raised. 
In order to develop the trusts, 
the BSE has set up an 11-member 
advisory group of experts, bankers, 
legal professionals and consultants 
in the real estate industry, according 
to a statement on July 10. 
The Sebi had said in its October 
consultation paper that although a 
Reit may raise funds from any type 
of investors, resident or foreign, 
initially only wealthy individuals 
and institutions will be allowed to 
subscribe to Reit unit offers. 
The market regulator said a Reit 
may have up to three sponsors, with 
each holding at least 5 per cent and 
collectively holding at least 25 per 
cent for a period of at least three years 
from the date of listing. Subsequently, 
the sponsors’ combined holding has 
to be at least 15 per cent throughout 
the life of the Reit. 
The Sebi has decided to allow 
these trusts to invest primarily in 
completed revenue-generating 
properties. To ensure that Reits 
generate continuous returns, the 
Sebi said at least 80 per cent of the 
Reit’s assets has to be invested in 
completed and revenue generating 
properties. 
And, only up to 20 per cent assets 
can be invested in properties that are 
being developed, mortgage-backed 
securities, debt of companies in the 
real estate sector, equity shares of 
listed companies that derive at least 
75 per cent of their income from real 
estate, government securities, or 
money market instruments. 
However, no Reit can invest more 
than 10 per cent in properties which 
are under construction. 
Lanco sells Udupi plant to 
Adani for `6000 cr 
‘Prime Minister Modi 
has done terrific job’: 
Donald Trump 
Donald Trump, American real 
estate mogul after adding two Indian 
projects to his kitty – Panchshil 
Realty group in Pune and Lodhas in 
Mumbai – was in India for exploring 
deals in India’s luxury residential and 
hospitality market across cities such 
as Delhi, Bengaluru, Hyderabad, 
Chennai and Goa. He was in Mumbai 
for the formal launch of the Trump 
Tower Mumbai with the Lodha 
Group. 
His son, Donald Trump Jr, said, 
”With Modi’s election as Prime 
Minister, we have someone with a 
pragmatic, pro-business approach 
who is regulating the market in a way 
that isn’t filled with corruption. That is 
a mindset which can solve and bridge 
a lot of (India’s) infrastructure.” 
“India is a great place to invest, 
especially after the elections, and this 
project (Trump Tower) speaks well 
about the prospects for the country,” 
said Donald Trump. 
Besides Lodha’s Trump Tower in 
Worli, he has licensed his name to 
a 22-storey residential complex in 
Pune, which is being developed by 
Panchshil Realty. 
Trump said that he has been 
looking at India for many years but 
it is only now that he found the right 
partner and the right opportunity. The 
75-plus-storey Trump Tower, which 
entails an investment of Rs 2,300 
crore, comprises 3-, 4- and 6-BHK 
apartments, priced between Rs 9 
crore and Rs 18 crore. 
Already 100 units out of the 300 
have been sold, said Abhishek 
Lodha, MD of the Rs 8,700-crore 
Lodha Developers. Non-resident 
Indians from Hong Kong and the 
Middle East form a good chunk of 
the buyers. Lodha expects to earn 
revenues of up to Rs 5,000 crore from 
the Worli project. 
“The percept ion on what i s 
happening in India is terrific. The 
whole world is keenly watching India. 
The new Prime Minister has done a 
terrific job, and people all over are 
speaking high of India. I am very 
excited about the opportunities here,” 
said Donald Trump. 
Adani Power has bought Lanco 
Infratech’s 1,200 mw Udupi thermal 
power plant in a Rs 6,000 crore 
transaction, marking the second mega 
deal in two and-a-half weeks for the 
sector that is seeing a spurt of fund-raising 
and M&A activity. 
While Adani will take over the 
plant’s Rs 4,000 crore worth of debt, 
Lanco will receive Rs 2,000 crore in 
cash, which it plans to use for lowering 
its debt. 
Adani Power pipped JSW Energy 
in the negotiations and announced 
the transaction within two weeks of 
starting talks. 
The Udupi plant acquisition is 
Adani Group’s second big takeover 
since it became clear that a Narendra 
Modi-led government was coming to 
power at the Centre. Udupi is India’s 
first independent power project in 
the country based on 100 per cent 
imported coal with a captive jetty of 4 
million ton per annum and an external 
coal-handling system located at 
Mangalore Port. The capacity can be 
expanded to handle another 4 million 
ton, Lanco said. 
The Udupi project has power sale 
agreements with Karnataka to sell 90 
per cent of generated power and with 
Punjab for 10 per cent. But the unit has 
been facing operational issues that 
even led to stoppage of production 
in June, as Rs 1,800 crore of arrears 
from the Karnataka Electricity Board 
piled up. Also, Lanco, which was 
importing Indonesian coal to run the 
power station via New Mangalore Port, 
failed to lift the fuel from a ship berthed 
at the port. 
Lanco had put the power plant 
on the block two years ago, aiming 
to use the proceeds to lower its 
consolidated debt (Rs 35,000 crore 
as of March this year). The company 
went for a Rs 7,000-crore corporate 
debt restructuring in December last 
year, with Rs 2,500 crore as priority 
loan from lenders. 
For Adani Group, this is a major 
step forward in power sector. In April 
this year, the group announced it had 
become the largest private power 
producer in India, with an overall 
installed capacity of 8,620 Mw. 
Controlled by billionaire Gautam 
Adani, the group is planning to 
concentrate on the Indian infrastructure 
sector and has put its loss-making 
coal terminal in Australia for sale at a 
reported valuation of $2 billion. 
Trump Tower Mumbai
Building materials August 18-24, 2014 2 
Export: Cement, Cement Products & Building Materials 
Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate 
Lime Stone/ Marble/ Granite stone 
4/1/2014 NATURAL PROCESSED STONE GUR NETHERLANDS 26000 168776.08 6.49 
4/6/2014 NATURAL LIME STONE CHN FRANCE 100000 710921.36 7.1 
4/9/2014 UNPOLISHED GRANITE STONES CHN DENMARK 10000 85107.59 8.51 
4/11/2014 COBBLE STONES CHN USA 14400000 51150540.56 3.6 
4/12/2014 TRIMMED GRANITE CHN SRI LANKA 22000 274493.9 12.48 
4/16/2014 NATURAL STONE CHN JAPAN 84000 1180975 14.1 
4/16/2014 UNPOLISHED GRANITE STONES CHN UAE 220000 1176621.28 5.3 
4/16/2014 ROUGH GRANITE BLOCKS KAN CHINA 335532 8698667.1 25.9 
4/17/2014 ALUMINIUM SILICATE MUN SPAIN 49000 395398.46 8.1 
4/17/2014 GRANITE BLOCKS KRI HONGKONG 2438000 19972827.4 8.2 
4/20/2014 MARBLE TILES PET BANGLADESH 21000 205251.14 9.77 
4/22/2014 LIMESTONE CHN BELGIUM 57200 1086281.84 19.0 
4/22/2014 NATURAL LIMESTONE CHN U K 252000 1859244 7.4 
4/25/2014 NATURAL LIME STONE CHN CANADA 20250 388663.72 19.19 
4/25/2014 NATURAL LIMESTONE CHN ECUADOR 100000 1210461.12 12.1 
4/25/2014 UNPOLISHED GRANITE STONES CHN NORWAY 438000 995838.5 2.3 
Total 18572982 89560069.05 4.8 
Marble 
4/5/2014 GREEN MARBLE MUN PAKISTAN 267220 2222222.62 8.32 
4/5/2014 MARBLE BLOCKS KNA CHINA 11554730 90006866.24 7.8 
4/8/2014 MARBLE BLOCKS KAN HONGKONG 5894720 38095839.04 6.5 
4/16/2014 MARBLE BLOCKS MUN TAIWAN 3508920 40247516.16 11.5 
4/20/2014 ROUGH MARBLE BLOCKS MUN THAILAND 51450 694611.5 13.5 
4/22/2014 MARBLE BLOCKS MUN BANGLADESH 603510 2237039.2 3.7 
4/22/2014 ROUGH MARBLE BLOCKS MUN ITALY 1345662 13424415.96 10.0 
4/22/2014 MARBLE BLOCKS MUN EGYPT 3001660 17884323.84 6.0 
Total 26227872 204812834.6 7.8 
Natural Manganese 
4/18/2014 NATURAL MANGANESE DIOXIDE POWDER MUM NETHERLANDS 0.2 22 110 
4/25/2014 NATURAL MINERAL POWDER MICA MUM JAPAN 0.1 2 20 
Total 0.3 24 80 
Mica 
4/1/2014 MICA FLAKES KOL EGYPT 160000 617373.9 3.9 
4/1/2014 MICA POWDER CHN UAE 14000 681296 48.66 
4/3/2014 MICA BLOCKS KOL GREECE 315 774605.5 2459.07 
4/3/2014 MICA FLAKES KOL NETHERLANDS 725492 16590695.08 22.9 
4/3/2014 MICA FINE CHN LIBYA 36000 370832 10.3 
4/1/2014 MICA FLAKES CHN BELGIUM 2000 63517.97 31.76 
4/1/2014 WET GROUND MICA POWDER CHN INDONESIA 9000 702694.3 78.08 
4/5/2014 MICA ROUND KOL KOREA 40000 1345128.4 33.6 
4/5/2014 MICA KOL AUSTRALIA 108000 1564609.2 14.5 
4/6/2014 MICA BLOCKS CHN USA 10361.6 1627370.5 157.1 
4/6/2014 MICRONISED MICA POWDER CHN MALAYSIA 17000 542247.48 31.9 
4/8/2014 MICA BLOCKS KOL GERMANY 5740 670923.56 116.9 
4/8/2014 MICA (WET GROUND MICA) CHN JAPAN 16000 1013760 63.36 
4/8/2014 RUBY MICA SCRAP KOL ESTONIA 144000 4824000 33.5 
4/10/2014 MICA BLOCKS KOL RUSSIA FED. 120 712451 5937.09 
4/11/2014 MICA POWDERDETL KOL IRAN 200000 1116800 5.58 
4/11/2014 MICA SCRAP MUN CHINA 162700 3898175.3 24.0 
4/12/2014 MINERAL POWDER MUN MYANMAR 1000 19651.14 19.65 
4/12/2014 MICA FLAKE KOL U K 308760 2933798.56 9.5 
4/13/2014 MICA BLOCKS KOL TAIWAN 50 8536.33 170.73 
4/13/2014 MICA BLOCKS PET BANGLADESH 520 11364.58 21.85 
4/16/2014 MICA FLAKES MUN OMAN 153000 1892251.2 12.4 
4/17/2014 MICA POWDER KOL S. ARABIA 18000 92293 5.13 
4/17/2014 MICA KOL THAILAND 17000 49464.9 2.91 
4/17/2014 MICA POWDER KOL POLAND 20000 225410.3 11.27 
4/17/2014 MICA SCRAPASPER KOL ROMANIA 25000 894412.5 35.78 
4/22/2014 MICA BLOCK CHN BRAZIL 88000 2903600 33.0 
4/25/2014 MICA ROUND MUN KENYA 70 30850.77 440.73 
4/25/2014 MICA BLOCKS KOL SLOVAKIA 1000 785527.5 785.53 
4/25/2014 MICA POWDER JNP PAKISTAN 2000 166155 83.08 
Total 2285128.6 47129795.97 20.6 
Quartz (other than natural sands) 
4/1/2014 QUARTZ GRITS MUN VIETNAM 450000 3362512.5 7.5 
4/1/2014 SILICON DIOXIDE (QUARTZ) VIZ MALAYSIA 1369000 11180182.88 8.2 
4/1/2014 QUARTZ POWDER MUN VIETNAM 383200 2220062.66 5.8 
4/1/2014 QUARTZ SILICA KAN UAE 12000 47486.68 4.0 
4/3/2014 QUARTZ POWDER CHN THAILAND 264000 5410442.1 20.5 
4/1/2014 QUARTZ POWDER CHN S. ARABIA 5000 14323.87 2.86 
4/1/2014 QUARTZ POWDER CHN UAE 5000 14323.87 2.86 
4/1/2014 QUARTZ GRITS MUN ITALY 162000 1397088 8.6 
4/5/2014 QUARTZ GRITZ MUN BANGLADESH 165000 1378492.5 8.35 
4/5/2014 QUARTZ GRITZ MUN IRAN 165000 1378492.5 8.35 
4/8/2014 SILICA RAMMING MASS KNA S. ARABIA 1264000 7231619.6 5.7 
4/10/2014 QUARTZ LUMPS CHN MALAYSIA 1754000 5852008.7 3.3 
4/10/2014 QUARTZ KRI USA 1134000 3769868.8 3.3 
4/10/2014 QUARTZ POWDER KOL NIGERIA 1026000 6275971.7 6.1 
4/11/2014 QUARTZ SAND MUN UAE 268000 1020264.9 3.8 
4/11/2014 QUARTZ POWDER MUN TANZANIA 54000 240791.4 4.46 
4/11/2014 QUARTZ POWDER MUN USA 54000 240791.4 4.46 
4/11/2014 QUARTZ SILICA MUN UAE 3176000 12655464.72 4.0 
4/11/2014 SILICA QUARTZ POWDER MUN MALAYSIA 222000 1503716 6.8 
4/12/2014 QUARTZ POWDER KOL KENYA 172000 2401890.72 14.0 
4/12/2014 SILICA RAMMING MASS KOL SRI LANKA 54000 340136 6.3 
4/12/2014 SILICA RAMMING MASS KOL KENYA 54000 340136 6.3 
4/15/2014 QUARTZ LUMPS CHN OMAN 172800 1443918.8 8.4 
4/16/2014 QUARTZ POWDER CHN ITALY 40000 605089.5 15.13 
4/16/2014 QUARTZ POWDER CHN JAPAN 40000 605089.5 15.13 
4/16/2014 QUARTZ POWDER (SILICA POWDER) PET BANGLADESH 800000 3099330 3.9 
4/18/2014 BUFF GREY QUARTZITE MUN ITALY 46900 390735.63 8.33 
4/18/2014 QUARTZITE MUN ITALY 46900 390735.63 8.33 
4/20/2014 QUARTZ POWDER KNA VIETNAM 27650 180785 6.54 
4/20/2014 QUARTZ POWDER KNA BANGLADESH 27650 180785 6.54 
4/20/2014 QUARTZ MUN OMAN 650000 4619835.02 7.1 
4/20/2014 QUARTZ POWDER - MICRON SILICA PET BANGLADESH 512000 2328032.3 4.5 
4/20/2014 QUARTZ POWDER CHN KOREA 20000 364609.2 18.23 
4/20/2014 QUARTZ POWER CHN KOREA 20000 364609.2 18.23 
4/23/2014 ARFURANE C POWDER AHM TUNISIA 19500 1274573.02 65.36 
4/23/2014 ARFURANE C POWDER AHM MAURITIUS 19500 1274573.02 65.36 
4/23/2014 QUARTZ POWDER MUN INDONESIA 216000 1126256.56 5.2 
4/23/2014 SILICA SAND MUN MAURITIUS 212000 1950596.92 9.2 
4/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.68 
4/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.68 
4/28/2014 QUARTZ GRITS VIZ VIETNAM 1104000 9192575.52 8.3 
4/28/2014 ARFURANE C POWDER AHM MOROCCO 29600 522155.98 17.6 
4/28/2014 QUARTZ GRITS MUN OMAN 736000 3752805.64 5.1 
4/28/2014 QUARTZITE GRAINS & POWDER REX NEPAL 206000 1146599.98 5.6 
4/28/2014 QUARTZ GRITS CHN KOREA 376000 3232624.3 8.6 
4/28/2014 QUARTZ CHN JAPAN 3994000 39992520.38 10.0 
Total 21530700 146346253.6 6.8 
Kaolin and other kaolinic clays 
4/1/2014 KAOLIN CLAY/ CHINA CLAY POWDER /KAOLIN POWDER MUN UAE 72216000 78152774.4 1.1 
4/1/2014 CALCINED KAOLIN MUN NIGERIA 80000 2134440 26.68 
4/1/2014 CALCINED KAOLIN MUN GERMANY 80000 2134440 26.68 
4/1/2014 KAOLIN COC NETHERLANDS 24200 313990.68 12.97 
4/1/2014 KAOLIN BCK POWDER COC TURKEY 24200 313990.68 12.97 
4/8/2014 CHINA CLAY MUN KUWAIT 1008000 6108379.2 6.1 
4/8/2014 KAOLIN LUMPS MUN TAIWAN 300000 1384187.6 4.6 
4/8/2014 BENEFITS COC CHINA 1000 31006.3 31.01 
4/8/2014 CHINA CLAY COC TURKEY 1000 31006.3 31.01 
4/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC PHILIPPINES 25000 654476.63 26.18 
Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate 
4/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 25000 654476.63 26.18 
4/9/2014 KAOLIN / CHINA CLAY KAN UAE 20000 80574.9 4.03 
4/9/2014 KAOLIN / CHINA CLAY KAN KENYA 20000 80574.9 4.03 
4/10/2014 KAOLIN CLAY MUN IRAN 175000 1363250 7.79 
4/10/2014 KAOLIN CLAY MUN GERMANY 175000 1363250 7.79 
4/10/2014 KAOLIN MUN KOREA 32000 193177.6 6.0 
4/11/2014 CERAMIC INDUSTRIES ( KAOLIN LUMPS) MUN IRAN 350000 2329621.5 6.7 
4/13/2014 KAOLENE - CHINA CLAY PET BANGLADESH 200530 1915968.1 9.6 
4/13/2014 LIGHT KAOLIN JNP MAURITIUS 238325 5618029.92 23.6 
4/16/2014 KAOLINIC CLAYS PET BANGLADESH 328000 2597391.3 7.9 
4/18/2014 KAOLIN MUN ANGOLA 1120000 10374896 9.3 
4/23/2014 KAOLIN PAN JORDAN 40000 416328 10.41 
4/23/2014 KAOLIN PAN GERMANY 40000 416328 10.41 
4/23/2014 KAOLIN POWDER MUN CHINA 144000 1017978.5 7.1 
4/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC OMAN 28000 347966.71 12.43 
4/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 28000 347966.71 12.43 
4/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC TURKEY 5000 94703.12 18.94 
4/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GUATEMALA 5000 94703.12 18.94 
4/26/2014 CHINA CLAY MUN KOREA 480000 3146449.9 6.6 
4/26/2014 KAOLINIC CLAYS PET BANGLADESH 254000 1633589.8 6.4 
4/26/2014 HYDROUS ALUMINIUM SILICATE COC SRI LANKA 58000 681084.44 11.7 
4/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GERMANY 775800 10977641.92 14.2 
4/26/2014 HYDRO CHLORIDE MUM CANADA 100 522.5 5.23 
4/26/2014 HYDRO CHLORIDE MUM GERMANY 100 522.5 5.23 
4/26/2014 KAOLIN- (PROCESSED CHINA CLAY) MUN S. AFRICA 532000 4144676.8 7.8 
4/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC INDONESIA 240000 4261407.1 17.8 
Total 79073255 145411771.8 1.8 
Clay 
4/1/2014 CHINA CLAY MUN S. ARABIA 236000 1974780.2 8.4 
4/1/2014 CHINA CLAY MUN UAE 23000 118389.73 5.15 
4/1/2014 CHINA CLAY MUN CHINA 23000 118389.73 5.15 
4/1/2014 REFINED CLAY JNP U K 2304 118332.29 51.36 
4/1/2014 REFINED CLAY JNP IRAN 2304 118332.29 51.36 
4/9/2014 CHINA CLAY PET BANGLADESH 156000 1609939.74 10.3 
4/11/2014 FULLERS EARTH POWDER REX NEPAL 80000 364800 4.6 
4/15/2014 CALCINED CHINA CLAY POWDER MUN YEMEN 17000 323025.5 19 
4/15/2014 CALCINED CHINA CLAY POWDER MUN GHANA 17000 323025.5 19 
4/18/2014 CLAY JNP GERMANY 600 1555.52 2.6 
4/18/2014 PROCESSED CHINA CLAY COC GUINEA 16000 169736.16 10.61 
4/18/2014 PROCESSED CHINA CLAY COC USA 16000 169736.16 10.61 
4/23/2014 HYDROUS KAOLIN MUN KOREA 160000 1128280.3 7.1 
3/27/2014 CHINA CLAY JNP SRI LANKA 228000 1398488 6.1 
4/28/2014 CLAY/EARTH JNP KENYA 120000 1933244.56 16.1 
Total 1097208 9870055.68 9.0 
Natural Garnet 
4/5/2014 GARNET VIZ JAPAN 40000 401555 10.04 
4/26/2014 GARNET VIZ MALAYSIA 840000 8275260 9.9 
4/16/2014 GARNET VIZ UKRAINE 54000 232702.8 4.31 
4/16/2014 GARNET VIZ USA 612000 5947195 9.7 
4/16/2014 GARNET VIZ CEI (BALTIC SEA) 784000 5699766.8 7.3 
4/22/2014 GARNET VIZ QATAR 840000 8239483.5 9.8 
4/22/2014 GARNET VIZ THAILAND 24000 292600 12.19 
4/22/2014 GARNET VIZ AUSTRALIA 2122000 20792633.5 9.8 
4/23/2014 GARNET VIZ ISRAEL 56000 574750 10.3 
4/25/2014 GARNET VIZ UAE 4200000 34596293.8 8.2 
4/26/2014 GARNET VIZ CANADA 56000 526680 9.41 
4/28/2014 GARNET VIZ EGYPT 224000 2054888 9.17 
Total 9852000 87633808.4 8.9 
Fly Ash 
4/2/2014 PROCESSED FLYASH JNP BAHARAIN 623340 1862761.36 3.0 
4/6/2014 FLY ASH MUN UAE 485280 627758.21 1.29 
4/15/2014 FLY ASH MUN QATAR 4872000 11865076.48 2.4 
4/16/2014 SYNTHETIC ORGANIC MUM BRAZIL 2000 8192.31 4.1 
4/16/2014 INSULATING POWDER LUD POLAND 25000 297878.25 11.92 
4/17/2014 DRY FLY ASH MUN S. ARABIA 24132120 68803939.8 2.9 
4/17/2014 FLY ASH MUN JORDAN 112000 432872.84 3.86 
4/20/2014 FLY ASH PIP USA 224050 1101760.54 4.9 
4/23/2014 ALUMINA AND SILICA - CERAMIC NAG KOREA 144000 8964288 62.3 
4/25/2014 FLY ASH POZZOCRETE JNP EGYPT 2223480 8050149.38 3.6 
4/28/2014 FLY ASH MUN BAHARAIN 2016000 5025713.96 2.5 
4/28/2014 PROCESSED FLY ASH JNP OMAN 3638780 11636082.64 3.2 
4/28/2014 FLY ASH VIZ MALAYSIA 22400 41841.8 1.87 
4/28/2014 FLY ASH JNP THAILAND 1000 26799.39 26.8 
Total 38521450 118745115 3.1 
Alumina 
4/3/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP THAILAND 40000 1192429.7 29.81 
4/1/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP KOREA 20000 1897280 94.86 
4/6/2014 ALUMINIUM OXIDE AHM USA 400 313174 782.9 
3/7/2014 ALUMINA TRIHYDRATE ALUMINIUM HYDROXIDE JNP S. ARABIA 968000 17852237 18.4 
4/8/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP URUGUAY 22000 391314 17.79 
4/9/2014 ALUMINIUM HYDROXIDE AMORPHOUS MUM INDONESIA 110400 4977582 45.1 
4/10/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP PAKISTAN 511000 7687384.7 15.0 
4/11/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP KOREA 160000 4739146.1 29.6 
4/12/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP MEXICO 100000 3482660.8 34.83 
4/13/2014 DRIED ALUMINIUM HYDROXIDE JNP GHANA 24750 2237586.79 90.4 
4/26/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP JAPAN 160000 3239363 20.2 
4/15/2014 ALUMINIUM HYDROXIDE JNP GHANA 3000 371764.5 123.92 
4/16/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP SRI LANKA 48000 2181733.8 45.5 
4/17/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA) CHN PHILIPPINES 660000 8213040 12.4 
4/18/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) JNP MALAYSIA 2068000 26928110 13.0 
4/19/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP PAKISTAN 50000 4013503.34 80.3 
4/20/2014 ALUMINIUM HYDROXIDE HYD IRELAND 20000 1091200 54.56 
4/21/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP MEXICO 45200 6035904.04 133.5 
4/22/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN TAIWAN 2156000 25881428 12.0 
4/23/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP AUSTRALIA 76000 7028550 92.5 
4/24/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP OMAN 40000 790333.5 19.76 
4/25/2014 ALUMINA COC SLOVAKIA 400 305196.42 763.0 
4/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN INDONESIA 1408000 19036325 13.5 
4/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN KOREA 2800000 40535952.5 14.5 
4/25/2014 ALUMINA COC GERMANY 150 160201.8 1068.01 
Total 11491300 190583401 16.59 
Barytes 
4/1/2014 MINERAL POWDER MICRON BARYTES CHN MAURITIUS 20400 604758 29.65 
4/3/2014 BARITE POWDER - API CHN U K 540000 5110798 9.46 
4/1/2014 BARITE ORE KRI USA 98800000 342580952 3.5 
4/1/2014 BARITE POWDER CHN NETHERLANDS 7 75.46 10.78 
4/8/2014 BARIUM SULPHATE BARYTES CHN SINGAPORE 588000 5618104 9.6 
4/9/2014 BARYTES POWDER CHN S. ARABIA 9455000 71367413.1 7.5 
4/12/2014 MINERAL POWDER MUN MYANMAR 5000 148550.26 29.71 
4/13/2014 MINERAL POWDER MUN TANZANIA 4009000 32037947 8.0 
4/15/2014 BARITE POWDER API CHN UAE 810000 4291624.5 5.3 
4/16/2014 BARIUM SULPHATE BARYTES CHN INDONESIA 24000 476760.75 19.87 
4/17/2014 BARRITE POWDER CHN KUWAIT 1890000 8693214.22 4.6 
4/19/2014 MICRON BARYTE BAR SPAIN 2000 77447.3 38.72 
4/21/2014 BARITE POWDER CHN BANGLADESH 400000 3961547.4 9.9 
4/22/2014 BARITE POWDER CHN VENEZUELA 756000 7257305.66 9.6 
4/25/2014 BARITE POWDER CHN MOZAMBIQUE 1125000 8938680.75 7.95 
4/26/2014 BARITE POWDER CHN OMAN 3240000 27288976 8.4 
4/26/2014 MICRON BARYTER BAR AUSTRALIA 5000 153876.26 30.78 
4/26/2014 BARITE POWDER - API CHN THAILAND 5130000 42501623 8.3 
4/26/2014 MINERAL POWDER MICRON BARYTE CHN SRI LANKA 27000 715250.25 26.49 
4/26/2014 BARITE POWDER TON KENYA 468000 8746650 18.69 
Total 127294407 570571553.9 4.5
in person August 18-24, 2014 3 
‘Well-constructed, maintained green 
buildings have many benefits’ 
What is the objective of Godrej Green 
Building Consultancy Services? Is it 
similar to IGBC services? 
With India witnessing tremendous 
growth in infrastructure development, 
the construction sector needs to play a 
responsible role towards preservation 
of the environment and move towards 
sustainable development. This is 
the main objective of Godrej Green 
Building Consultancy Services. 
Green concepts and techniques 
encompassed in green buildings 
can help address global issues like 
handling of consumer waste, water 
efficiency, and reduction in fossil 
fuel usage, energy efficiency and 
conserving natural resources along 
with enhancing occupants’ health, 
happiness and wellbeing. 
Godrej as a corporate has always 
led by example in environmental 
domain. Environment management 
is an integral aspect of the business 
strategy. We have pioneered the 
green building movement in India, a 
unique public-private partnership of 
the CII, the government of Andhra 
Pradesh, USAID and the Pirojsha 
Godrej Foundation. 
GGBCS has been set up with 
the vision to serve as a single point 
solution provider and to facilitate real 
estate developers and corporates with 
green building activities in India. For 
all types of building projects (green 
as well as non-green), we provide 
engineering (Mep) design services, 
green building consulting and third 
party audit services. 
The Indian Green Building Council 
(IGBC) is one of the green building 
certifying bodies available in India. 
It provides clients with certification 
services whereas we provide clients 
with consulting services in order to 
achieve the certification. 
Why is certification more important? 
How can modern construction 
methods implement sustainable 
standards in eco-friendly way? 
The certifications are based on a set 
of performance standards for design 
and construction phases and provide 
guidelines for design and construction 
of green buildings. Certificates are an 
evaluation of all the possible points 
to apply under the rating system 
using a suitable checklist and are the 
most authentic way of ensuring that a 
building is truly green and sustainable. 
It is the best way to demonstrate the 
design efforts and initiatives taken in a 
project which are truly green. 
There have been increasing 
demands for structures that are 
sustainable, and meet safety, security 
and environmental considerations. 
Currently, developers are adopting 
modern const ruct ion methods 
like brickless technology and pre-fabricated 
construction, to name a few. 
The use of such technologies 
reduces construction time and costs, 
and makes projects viable both for 
the buyer and developer. It further 
ensures hassle-free construction and 
replaces commodities like timber, 
steel, wood, aluminum, etc with 
specially designed plastic spacers 
and composite cement boards, and 
results in rapid construction and more 
carpet area. They would be 8-10 per 
cent more expensive compared with 
conventional technology. But future 
savings could be higher. 
What recommendations are made 
to clients? 
We advise clients with various 
cost-effective and innovative strategies 
Once the GGBCS team is hired, the 
following steps are involved in getting 
a building certified: 
To begin with we conduct a 
feasibility study for the project with all 
stakeholders involved with the project 
to understand the level of rating we 
can achieve. 
A roadmap is established for 
the project team, wherein each 
team member is assigned different 
responsibiities and a tentative schedule 
of deliverables is prepared. 
Templates are shared with the team 
members for capturing data. 
Design inputs with green rating 
system are provided to architects and 
the engineering team. 
Energy simulation is performed 
to study energy consumptions 
patterns and select the best possible 
combination of building materials and 
equipment for the project. 
Detailed review every week/ 
fortnight/month with respective team 
members for deliverables. 
Al l the ini t iat i ves are wel l 
documented, compiled and sent to 
the certifying body for their review. 
The certifying body would either 
grant the certification or ask for more 
clarifications. Once the clarifications 
are provided, the certifying body 
hands out the certification. 
What is the difference between 
green and smart buildings? 
Smart buildings are fundamentally 
those involving automation that makes 
managing different tasks hassle-free 
for people. A smart building is the 
integration of technologies available 
for air-conditioning, lighting, fire safety, 
telecommunications, entertainment, 
metering, surveillance, access control, 
etc with various control devices in 
order to automate them and make life 
much simpler for the consumer as well 
as for facility manager. 
Now a smlart building does not 
Godrej Green Building Consultancy Services has been set up with the 
vision to serve as a single point solution provider and facilitate real estate 
developers and corporates with green building activities in India. Rumi 
Engineer, Business Head, Green Building Consultancy Services 
Godrej & Boyce Ltd, in this interview with Remona Divekar, discusses 
various cost-effective and innovative strategies that help them in meeting 
green building requirements 
that help them in not only meeting 
green building requirements, but also 
to exceed them. Our expertise has 
been developed over many years 
of consulting clients in their journey 
towards green building certification 
as well as managing sustainability 
and energy conservation initiatives 
at Godrej. 
Our recommendations to clients 
include but not restricted to strategies 
for soil erosion and sedimentation 
control on site, construction waste 
management, good thermal insulation 
for building envelope (façade 
& glazing), energy efficient air-conditioning 
and lighting equipment, 
rain water harvesting, waste water 
treatment, fresh air ventilation, and 
many more such strategies that can 
be adopted in a project. 
How does GGBCS facilitate with 
green building certification? 
We provide consulting services 
under the IGBC, USGBC (Leed) and 
Griha rating systems. We do not have 
any reservations for a particular rating 
system and use the one that our client 
wishes to opt for his project. 
directly imply being an energy-efficient 
building. Clients may or may not adopt 
energy conservation measures for a 
smart building. 
A green building is one which uses 
less water, optimizes energy efficiency, 
conserves natural resources, generates 
less waste and provides healthier 
spaces for occupants, as compared 
to a conventional building. The green 
building concept is much broader than 
the concept of smart buildings. 
How many projects in India have 
so far adopted the green building 
concept? How have you ensured 
compliance and efficiency in 190 
such projects? 
As per the latest figures, the IGBC 
has 2,570 registered green buildings 
out of which 493 buildings have been 
already rated as green. We have been 
involved with 191 projects out of these 
493 are rated projects. 
As a mandate from our management 
all Godrej projects go for green 
building certification. Till date we have 
received certification for 15 of our 
projects (includes Godrej Properties 
projects), and many more are in the 
pipeline. 
Regarding compliance to the rating 
system post certification, it is entirely 
the client’s call to voluntarily report 
the savings achieved by the project 
to the IGBC. 
Tell us about the cost-effective 
solutions offered by you that clients 
can benefit from? 
Well-designed, constructed, 
operated and maintained green 
buildings can have many benefits, 
reduced costs for energy, water, 
operat ions and maintenance, 
improved occupant health and 
productivity, and the potential for 
greater occupant satisfaction than 
standard developments. 
A green building may cost more 
up front, but can save money over 
the life of the building through lower 
operating costs. These savings may 
be more apparent through lifecycle 
assessment (LCA). 
Cost savings are most likely to be 
fully realized when incorporated at the 
project’s conceptual design phase 
with the assistance of an integrated 
team of building professionals.
INFARRSTUCERTU August 18-24, 2014 4 
Rlys to install solar power 
plants at 200 stations 
GoI creates panel to examine 
NHAI note 
The Border Roads Organization 
has received forest and environment 
clearance for constructing 11-km long 
main tunnel at Baltal on Srinagar-Leh 
national highway. This assurance was 
given by the chief engineer BRO at a 
meeting chaired by Minister for Forests 
& Environment Mian Altaf Ahmad. 
The spokesman said the meeting 
was convened to review the status 
Centre to build road, rail 
tunnels in NE, J&K 
The Indian Railways proposes to 
install solar power plants of about 
8.8 mw capacity at railway stations, 
railway office buildings and level 
crossing gates throughout the country 
under railway funding, said Minister of 
State for Railways Manoj Sinha. 
These include provision of 10 KWp 
solar PV modules each at 200 stations 
The Ministry of Road Transport & 
Highways has decided to constitute 
an inter-ministerial committee to 
review the note prepared by the 
National Highways Authority of 
India (NHAI) seeking an overhaul 
of the existing model concession 
agreement to revive private sector 
interest in the road sector. The model 
concession agreement is the contract 
that sets the terms of execution of a 
project and is signed between the 
concessionaire and the government, 
in this case the NHAI. 
The ministry has decided to 
In a move to push integrated 
and comprehensive approach for 
developing transport network, the 
Centre wants its agencies to ‘pool’ 
resources for constructing rail and 
road tunnels concurrently. 
This would be the approach for 
three strategic railway projects in the 
North-East, which have been identified 
as top priority projects where key 
railway project fall in Jammu & Kashmir 
and Himachal Pradesh. 
There is also a proposal to 
synchronize road and rail projects and 
share studies by both the departments 
in Uttarakhand. A detailed project 
under various zonal railways, provision 
of total 4.05 mwp solar photo voltaic 
(SPV) on the roof tops of 21 railway 
office buildings and provision of total 
1.3 mwp capacity SPV plants at 2000 
level crossing gates. 
The Railways is also mulling 
harnessing solar energy by utilizing 
rooftop space of railway stations, 
constitute a committee with secretary-level 
officials from the Road Ministry, 
the NHAI, the Planning Commission, 
the Department of Economic Affairs 
and representatives from a builders’ 
lobby, said a road ministry official. 
Vijay Chhibber, secretary in the Road 
Ministry, will head this panel. The 
NHAI, which has been working on 
the draft for a new model concession 
agreement, made a presentation 
at the road ministry this week, the 
officials said. 
The note prepared by the NHAI 
has proposed 50-60 changes in 
report (DPR) is under preparation 
for nearly 180 km stretch between 
Rishikesh and Karnprayag in the hill 
state by Rail Vikas Nigam Ltd. 
Three out of these four projects 
fall in the North-East and would 
cover areas, which have not yet been 
connected with railways. The fourth 
project, Bilaspur-Mandi-Manali-Leh 
stretch, would connect Himachal 
Pradesh and J&K. 
The Narendra Modi government 
has already made it clear to push 
infrastructure projects in the North- 
Eastern states and other untouched 
regions to accelerate development. 
other railway buildings and land 
including through the PPP mode. 
Solar power plants have been 
provided on top of two narrow 
gauge trains plying on Pathankot- 
Jogindernagar route in Kangra Valley 
section and Kalka-Shimla section on 
a trial basis, the minister said. 
the existing model concession 
agreement. “Provision for revising 
total project cost jointly with the 
lenders at the time of financial 
closure from what was estimated 
at the time of bidding, withdrawing 
any waiver of pre-conditions for 
bidding like getting clearances and 
providing for specific evaluation of 
the compensation for developer in 
case of any change in law affecting 
income from project are some of the 
changes that have been proposed,” 
said an official. 
Centre identifies 
3 projects under Rurban 
Mission 
The Rural Development Ministry 
has identified three projects under the 
NDA government’s flagship Shyama 
Prasad Mukherji Rurban Mission, 
which envisages strengthening rural 
infrastructure. 
Earlier, delivering his address, 
Finance Secretary Arvind Mayaram 
stressed the need for urbanization of 
rural areas. Rurban Mission addresses 
one of the biggest challenges the 
country is facing – people migrating 
from rural areas to urban areas. 
Citing a report, he said, “By 2032, 
if the rate of migration continues at 
this rate and the number of cities 
remains the same, cities would 
become unbearable because there 
will be no infrastructure.” 
He further stated that urbanization 
of rural areas will protect people 
from disasters in the next three 
decades. Rurban Mission aiming 
to deliver integrated project based 
infrastructure in rural areas was 
announced in this year’s Union 
Budget. The preferred mode of 
delivery would be through public-private 
partnership (PPP) while using 
funds of various schemes. 
BRO gets eco nod 
for tunnel project at Baltal 
Modi dedicates two hydel projects to J&K 
Centre to pump in 10,000 mw 
to lift wind energy sector 
Prime Minister Narendra Modi 
dedicated to the nation two hydel 
power projects in Leh and Kargil in 
Jammu & Kashmir last week. These 
projects are 44 mw Chutak hydro-electric 
project in Kargil district and 
45 mw Nimoo Bazgo project in Leh 
district. 
Modi would also lay foundation 
stone for the first power transmission 
line from Leh to Kargil and Kargil to 
The government plans to rapidly 
accelerate wind energy generation, 
adding an ambitious 10,000 mw 
every year, or five times the total new 
capacity that came up in the last fiscal, 
as the Modi government takes steps 
to reduce India’s dependence on 
costly energy imports. 
Wind energy, which had been 
overshadowed by solar projects 
in recent years, got a big boost as 
the government has restored key 
tax incentives that had helped India 
emerge as one of the top countries 
in the world in generating electricity 
from wind. 
The government feels that tax 
incentives coupled with conducive 
environment will rapidly accelerate 
wind energy. Originally, the country 
of the tunnel project and remove 
impediments affecting its progress. 
Various aspects of the project and 
measures needed to be taken to 
ensure early commencement of work 
on this prestigious project, which will 
provide all-weather road connectivity 
between the valley and Ladakh 
region, were discussed during the 
meeting. 
Srinagar. The 45 mw Nimoo-Bazgo 
hydro-electric projects is a run-of- the-river 
scheme to harness the potential 
of river Indus in the state. 
The project is designed to generate 
239 million units of energy. The Nimoo 
Bazgo power station is located on 
river Indus in Leh district of the state 
and has an installed capacity of 45 
mw(3x15 mw). 
The approval for the project was 
planned to install 18,500 mw during 
the 12th Plan period. However, the new 
government is keen to go faster in wind 
power capacity addition, to reduce its 
dependence on imported fuels and 
increase the share of environment 
friendly energy resources. 
Like other power gear makers, 
Indian wind turbine makers too are 
facing competition from Chinese 
counterparts that also offer cheaper 
finance to the investors in wind 
energy. With installed capacity of 
over 21,000 mw, India is the fifth-largest 
wind power producer in the 
world after China, US, Germany and 
Spain. According to the Centre for 
Wind Energy Technology, India has 
potential to install over 1 lakh mw of 
wind turbines. 
accorded at an estimated cost of 
Rs 611 crore. However, on account 
of escalation, statutory charges and 
higher cost of award, project cost has 
now been revised to Rs 985 crore. 
State-run Power Grid Corporation of 
India is implementing the Leh-Kargil- 
Srinagar Transmission System for 
connectivity with Northern Region Grid 
for meeting demands of the Ladakh 
region.
August 18-24, 2014 5 
TECHNOLOGY 
Waste heat control thru WHR 
The number of preheater 
stages in a cement plant 
has a significant bearing 
on the overall thermal 
energy consumption 
and waste heat recovery 
potential 
Waste heat recovery plants offer a 
reliable supplement to captive power 
generation in an energy-intensive 
industry like cement, particularly in 
an energy-deficient country such 
as India. 
ACC Ltd, part of the Holcim 
group, recently launched its first 
Waste Heat Recovery (WHR) system 
at the Gagal cement plant in the north 
Indian state of Himachal Pradesh. 
The WHR system harnesses waste 
heat discharged in the cement 
manufacturing process as exhaust 
gases, channelling them into a 
boiler that runs a steam turbine 
and converts it into useful electrical 
energy. 
The new WHR project generates 
electricity at a cost that is significantly 
lower than that of a captive power 
plant and only a fraction of the 
cost of grid power. ACC sees the 
project as an important step in 
energy conservation and is exploring 
the possibility of installing similar 
systems at a few of its other cement 
plants. 
High standard sustainable 
development 
ACC’s Gagal cement plant 
i s nestled i n the picturesque 
mountainous state of Himachal 
P r a d e s h i n n o r t h e r n I n d i a . 
Commissioned in 1985, it is the 
major cement plant in the state, with 
two production lines – Gagal I and 
Gagal II – representing a total cement 
capacity of some 4.4 million tpa. 
Gagal utilizes power from the 
state’s grid and from a standby 
captive DG power plant. The plant 
pursues a wide-ranging agenda that 
aspires to achieve high standards 
o f s u s t a i n a b l e de v e l opme n t 
in all aspects of its operations – 
beginning with meticulous hill mining 
techniques and extending to efficient 
manufacturing, sound environment 
management, afforestation and tree 
ACC Gagal Waste Heat Recovery system control 
a heat recovery boiler, or heater, and 
then passed into a turbine that drives 
a generator. 
Thermodynamic cycle 
This is a thermodynamic cycle that 
converts heat into work (power in this 
case). Hot exhaust gases are directed 
into a waste heat recovery boiler where 
they exchange heat with the working 
fluid (water) that is converted into high 
pressure steam, which then expands 
in the turbine causing it to rotate and 
produce electricity. 
The expanded vapor is condensed 
into a low pressure liquid in the water-cooled 
condenser and then is recycled 
back into the boiler to continue the 
cycle. The system consists of a 
suspension preheater boiler, air 
quenching cooler boiler, steam turbine 
generator, distributed control system, 
water-circulation system and dust 
removal system. This is the most 
common type of WHR system in 
cement plants and was chosen for the 
Gagal plant. 
Organic Rankine cycle 
This process uses organic fluids. 
Their inherent ability to evaporate at 
low temperature and yield good levels 
of condensation allows these fluids to 
deliver considerable energy during 
their expansion in the turbine. 
Rankine Kalina cycle 
This is a relatively new concept in 
heat recovery and power generation, 
which is a thermodynamic process 
for converting thermal energy into 
usable mechanical power. It uses a 
working fluid mixture, made up of 70 
per cent ammonia with 30 per cent 
water. This process offers the potential 
of significant efficiency gains as 
compared to the conventional Rankine 
cycle. It is usually more suitable for 
medium to low gas temperature heat 
recovery systems. 
Eco benefits 
WHR u n i t s s c o r e h i g h l y 
i n environmental terms and 
s imul taneous l y of fer several 
advantages. The primary environmental 
room 
energy conservation as they utilize 
waste heat and do not need any 
additional fuels to generate electricity. 
They help conserve fuels and reduce 
overall carbon emissions. 
Where they substitute power from 
an external grid or a captive power 
plant, there is an additional advantage 
of reduced fuel consumption and lower 
CO2 emissions. Since it is based on 
waste heat, the energy produced is 
green energy that is equivalent to 
renewable energy. 
The WHR at Gagal is expected to 
lead directly to a reduction of over 44 
000 tpa of CO2 emissions. By a rough 
rule of thumb, it can be said that such 
units can help reduce up to 25 kg of 
CO2 per ton of clinker produced. 
The investment involved in setting 
up a WHR plant is reasonable. On 
average, the cost of a waste heat-based 
power generation plant would 
fall in the range of $2–2.5 million per mw. 
Fast expanding market 
As experienced by ACC at Gagal, 
the cost of electricity generated by 
WHR units is cheaper than both captive 
power and power purchased from an 
external grid. Encouraged by the Gagal 
WHR project, ACC has plans to set up 
similar systems at its other major 
cement plants in the country in a move 
towards enhancing energy security. 
India’s cement sector already 
has several working WHR plants and 
undoubtedly such plants will become 
a feature in this fast expanding 
market. Waste heat recovery can 
compr ise an economical and 
reliable supplement to captive power 
generation in an energy-intensive 
industry like cement, particularly in 
an energy-deficient country like India. 
In addition, this practice comprises 
energy conservation and efficiency 
that helps the cement industry meet 
its low carbon technology roadmap 
for the future. 
exploited. This is the basis of the 
WHR system deployed at Gagal. 
Thermal energy 
consumption 
Apart from a cement plant’s 
capacity, the availability of waste 
heat is directly influenced by process 
efficiency parameters and other 
factors. The number of preheater 
stages in a cement plant has a 
significant bearing on the overall 
thermal energy consumption and 
waste heat recovery potential. 
The highe r the number of 
stages, the better the thermal energy 
consumption, and hence lower the 
WHR potential. Similarly, the moisture 
content in limestone, coal, fly ash, 
slag and other materials used in a 
plant affect the potential for waste heat 
recovery as considerable heat would 
be required to dry raw materials. Again, 
improvements in plant and machinery 
efficiencies would offer lower potential 
for generation of waste heat. 
Conversion into electricity 
Wa s t e h e a t g e n e r a t e d i n 
cement manufacture has proven 
to be amenable to conversion into 
electrical energy, provided it is 
tapped in adequate measure and the 
temperature is sufficiently high to make 
the project viable. 
In a typical Indian cement plant, 
the potential generation of power from 
waste heat is estimated at roughly 20- 
25 kWh/t of clinker. The process goes 
through four basic stages: 
• Heat tapping and extraction 
• Heat conversion 
• Heat dissipation 
• Electricity feed and control 
Three technologies are recognized 
as being well developed and effective in 
the conversion of heat into electricity – 
using a steam Rankine cycle, an organic 
Rankine cycle, or the Kalina process. 
All these technologies involve a 
pressurized working fluid (water in 
the case of the steam cycle or an 
organic compound for the organic 
Rankine cycle) to be vaporized by the 
hot exhaust gases channeled through 
benefit of the WHR power plant is to 
produce electric power without burning 
any additional fossil fuel or contributing 
any additional greenhouse gas (GHG) 
emissions. 
These systems play a vital role in 
K N Rao 
Director, Environment 
& Energy 
Conservation 
R Nand Kumar 
Vice President, 
Corporate 
Communications, 
ACC Ltd 
(Inputs: Navneet Chauhan, Sr. General 
Manager Operations, ACC Gagal, and 
Dominic Fernandes, General Manager 
Energy & Environment, ACC Ltd.) 
Waste Heat Recovery system turbine of 7 5 mw capacity 
plantation, waste water treatment, 
as well as an array of community 
development and social volunteering 
activities. 
Most of the cement that Gagal 
manufactures comprises fly ash-based 
Portland pozzolana cement 
which reduces carbon emissions. 
Gagal also promotes the use of 
alternative fuels and raw materials. 
Useful electrical energy 
A few months ago, ACC Ltd 
launched its first WHR system 
at the Gagal cement plant. This 
marks an important step in energy 
conservation for the company, as it 
is the company’s first WHR plant and 
also the first such project in the state 
of Himachal Pradesh to deploy WHR 
technology. 
To put it briefly, a WHR system 
harnesses waste heat discharged 
in the manufacturing process as 
exhaust gases, and channels these 
gases into a waste heat boiler that 
runs a steam turbine and converts it 
into useful electrical energy. 
The newly commissioned WHR 
unit, set up at a cost of about $16 
million, can generate about 7.5 mw 
of electricity. This supplements the 
output of Gagal’s captive power 
plant. Nantong Wanda supplied 
the boilers for the project, while the 
turbine and generator were supplied 
by Qingdao Jieneng and Shangdong 
Jinan, respectively. 
WHR energy at Gagal has proved 
to be remarkable in several ways – 
the first of which is that it requires 
no additional fuel. The cost of 
generating such energy has turned 
out to be significantly lower than that 
of the captive power plant and only 
a fraction of the cost of purchasing 
grid power. 
Energy-intensive process 
The cement manufactur ing 
process is energy intensive, requiring 
very high temperatures in the order of 
1400 °C in the kilns. Thermal energy 
is also used in other stages of the 
process, including the preheater, 
during grinding in the coal mill and 
raw mill and for drying additives such 
as fly ash and slag. 
Significant amounts of heat 
energy are released as exhaust 
streams in different stages of the 
cement manufacturing process, 
chiefly from the kiln exhaust streams, 
clinker cooler, kiln preheater and 
pre-calciner. 
The manufacturing process 
in Gagal releases about 1,000 
tph of waste hot flue gases at 
temperatures well above 300 
°C that are exhausted into 
the environment. Waste 
kiln gases exit at about 
260-400 °C depending 
on the number of 
preheater stages in 
the plant. The cooler 
generates hot air of 
about 200-300 °C 
and 80-130 kcal 
per kg. 
Some o f t h e 
hot air is used as 
combustion air in 
kiln furnaces and 
elsewhere; the rest 
of the hot gases are 
expelled as exhaust 
into the atmosphere. 
All these waste gases 
contain useful energy 
that can be gainfully 
ACC commissioned its first Waste 
Heat Recovery-based power plant 
at Gagal. Seen here is one of its air 
quenching chamber boilers.
OPRJECST ADEPTU August 18-24, 2014 6 
Prime Minister Narendra Modi 
laid the foundation stone for the Rs 
4,000-crore port-based multi-product 
special economic zone at Jawaharlal 
Nehru Port Trust (JNPT) at Sheva, 
Navi Mumbai, on August 16. 
“ T h e p r o p o s e d i n d u s t r i a l 
infrastructure in 277 hectares with a 
total public and private investment of 
Rs 4,000 crore is planned as a self-sustainable 
integrated development 
project hav ing a potent ial of 
generating 1.5 lakh direct and indirect 
jobs,” said an official statement. 
The ambi t ious Se z , to be 
developed through JNPT-SPV 
(special purpose vehicle) under 
the engineering, procurement and 
construction (EPC) mode, will be 
completed in three years. 
With a focus on the collaborating 
upcoming sectors of India, the Sez 
will develop a free trade warehousing 
zone, the engineering goods sector, 
electronics and hardware sectors, 
the non-conventional energy sector, 
multi services (IT and healthcare) 
sectors, etc. 
Modi also laid the foundation 
stone for a port connectivity highway 
project at the JNPT and allotted land 
to JNPT project-affected persons 
(PAPs) under the 12.5 per cent 
scheme. The statement said the 
projects have been expedited by 
Nitin Gadkari, Minister of Road 
Transport, Highways & Shipping & 
Rural Development, in the past two 
months. 
The port connectivity highway 
project with a cost of Rs 1,926.57 
crore will be completed by December 
2017. The Ministry of Shipping has 
decided to execute this project in 
the EPC mode through an SPV. The 
project has been undertaken under 
the National Highway Development 
and Port Connectivity Programme. 
The statement said due to rapid 
development in the area on account 
of development of the Jawaharlal 
Nehru Port, JNPT-Sez, and the 
proposed international airport, etc, 
it was felt necessary to augment the 
carrying capacity of the existing road 
network to a 6/8 lane configuration 
by providing improved facilities 
comprising flyovers, railway over 
bridges and interchanges for 
uninterrupted flow of traffic on the 
road network connecting the port 
and the national highways (NHs). 
Accordingly, it has been proposed 
to develop the road network to 
6/8 lane configuration with service 
roads. The NH-4B, Amra Marg 
and state highway (SH)-54 was 
developed to a four-lane facility by 
the National Highways Authority 
of India (NHAI) through the SPV 
comprising NHAI, JNPT and City 
& Industrial Development Corp of 
Maharashtra Ltd (Cidco). 
Adani-GSPC to build `4,500 cr 
import terminal 
Adani Group and the Gujarat State 
Petroleum Corp (GSPC) will set up Rs 
4,500 crore LNG import terminal at 
Mundra Sez in Gujarat by December 
2016. 
GSPC LNG Ltd, a unit of Gujarat 
government-owned GSPC, on July 
24 won approval to become a co-developer 
of the multi-product Special 
Economic Zone (Sez), being developed 
by Adani Ports at Mundra, a move that 
will help trim cost by Rs 700-800 crore, 
said an official. 
Commerce Ministry’s Board of 
Approvals (BoA) gave nod to GSPC 
LNG’s proposal to 5 million tons a year 
LNG terminal together with storage 
and re-gasification facilities over an 
area of 28 hectares. 
“By becoming co-developer, the 
project will now be entitled to duty-free 
imports which will help cut costs down 
by Rs 700-800 crore from the previous 
estimate of Rs 5,200 crore,” he said, 
adding that the terminal will be ready 
by 2016 end. Once they avail duty-free 
imports, the developers are required 
to sell a threshold of the produce to 
units within Sez. 
The official said the LNG import 
terminal had previously got environment 
clearance and will now proceed to 
finalize a joint venture partner. 
India Gas Solutions Pvt Ltd, the 
equal joint venture between the 
Mukesh Ambani-led RIL and Europe’s 
second largest oil firm BP, ONGC and 
the Indian Oil Corp (IOC) have been 
shortlisted to pick up 25 per cent 
stake in the project. 
“Essentially, GSPC is looking at 
a partner which can bring in LNG 
or can consume the imported liquid 
gas,” he said. 
While BP is a producer and trader 
of LNG, RIL’s twin refineries at 
Jamnagar in Gujarat as well as its 
large petrochemical plants are huge 
consumers of gas. ONGC also is a 
big consumer of the fuel. Besides 
the three, other firms which had 
expressed interest included Petronet 
LNG Ltd, Torrent Energy, Japan’s 
Mitsui & Co and Toyota Tsusho, said 
the official. 
GSPC would hold 50 per cent 
stake in the project while Adani Group 
would take 25 per cent. The project 
is to be financed in a debt to equity 
ratio of 70:30. The terminal capacity 
would be expandable up to 10 million 
tons per annum. 
PM unveils package of 
`8k cr for roads in J&K 
Prime Minister Narendra Modi 
announced a package of Rs 8,000 
crore for building of roads in Jammu 
and Kashmir. Chief Minister Omar 
Abdullah had flagged the issue 
during his recent meetings with the 
Central leadership and the Prime 
Minister, who was in the state on 
a day-long visit, announced he will 
push for the proposal in the Union 
Cabinet for granting Rs 8,000 crore 
to the state. 
Modi said at a public rally, “I 
assure you that I will soon push in the 
Union Cabinet Rs 8,000 crore project 
needed for four important roads in 
the state.” 
Omar had last month met Road 
& Surface Transport Minister Nitin 
Gadkari and pressed for early 
completion of Batote-Kishtwar road, 
Kargil-Zanskar, Domail-Katra road, 
besides fast tracking the four-laning of 
Srinagar-Jammu national highway. 
All these roads of vital importance 
were in bad shape at some places 
due to lack of proper maintenance. 
Oma r h a d a l s o s o u g h t 
construction of four tunnels in Jammu 
and Kashmir to link important roads, 
which included a tunnel at Peer Ki 
Gali on Mughal Road, a tunnel to 
connect Singhpora in Kishtwar to 
Vailoo in Anantnag and two tunnels 
between Lolab-Bandipora and Sudh 
Mahadev-Marmat. 
Held up highway projects worth 
`50k cr get big push 
The Centre on August 12 decided 
to empower states to give forest and 
mining clearances for road projects, 
a move set to give stalled highway 
projects worth Rs 50,000 crore a big 
push. 
Government officials said some 
of the big ticket projects that would 
benefit include the Rs 2,848 crore 
six-lane Varanasi-Aurangabad stretch; 
Rs 2,016 crore six-lane Dhankuni- 
Kharagpur stretch in West Bengal; 
Rs 2,388 crore Beawar-Pali-Pindwara 
stretch and Rs 1,008 crore four-lane 
Sambalpur-Baragarh stretch in Orissa, 
among others. 
Kerala ready to develop Vizhinjam 
as central project 
Kerala Chief Minister Oommen 
Chandy said the state was ready to 
extend full support for the Vizhinjam 
International Seaport project if it is 
developed as a central project. The 
state government has brought the 
matter to the attention of the Prime 
Minister. The matter was recently 
detailed in a letter sent to the Prime 
Minister on August 6. 
The state has written three letters 
to PM Narendra Modi on Vizhinjam 
project, said the Chief Minister. 
At an inter-ministerial meeting 
chaired by Highways Minister Nitin 
Gadkari, it was decided that states 
would soon be able to give permission 
for mining of sand from dry river beds 
spread up to 20 hectares. Currently, 
this limit was five hectares beyond 
which projects had to be cleared by 
the Centre. The move would help 
in addressing the shortage of raw 
material and fast implementation of 
projects. 
The meeting was also attended 
by Railways Minister DV Sadananda 
Gowda and Environment Minister 
Prakash Javadekar. 
The state government wishes to 
complete the project within three to 
four years with the support of the 
Centre. The Chief Minister in his letter 
pointed out if the Centre had interest 
in developing a big port along the 
south-west coast under the jurisdiction 
of the Ministry of Shipping, Kerala is 
ready to extend all support in the best 
possible manner and all possibilities of 
the Centre’s involvement in the project 
would be discussed, he said. 
Adani Ports and Sez Ltd, Srei-OHL 
“It was also proposed that states 
will be empowered to clear highway 
projects spread in forest areas of up 
to 40 hectareS. Till now such projects 
had to be cleared by the Centre which 
more often than not resulted in delays. 
So far, 80 per cent projects belonged 
to this category,” said a government 
official. 
The Railways Ministry on its part 
decided that it will waive off land-lease 
agreement, maintenance and 
supervision charges that it levies 
on highway projects coming up on 
railway land. 
consortium, Essar Ports Ltd had already 
bought the forms for participating in the 
project price bidding and the last date 
for submission is September 10. 
The expected cost for the first 
phase of the Vizhinjam project is Rs 
6,647 crore. The empowered institution 
has recommended sanctioning a 
viability gap fund for the project; 
however, the sanction amount has not 
yet been materialised. Chandy said 
the project should have a concession 
period for 10 years. 
Modi lays foundation 
for `4,000-cr JNPT Sez
August 18-24, 2014 7 
INFRASTRUCTURE 
Making smart cities safer 
Ultimately, all public 
safety systems – 
including human 
operators, technologies 
and organisations – 
have to work seamlessly 
together for a smart, 
safer city to function well 
Imagine a city that operates so 
efficiently that it improves the quality 
of life of its citizens, who then work 
in parallel to boost local economy. A 
city that comprises a smart economy, 
smart environmental practices, smart 
governance, smart living, smart 
mobility and smart people. A city 
that gives its citizens access to civic 
amenities like security, healthcare, 
transport and cost-effective power 
supply in real time. Imagine a city so 
smart that it can enable sustainable 
development. Seems like a dream 
doesn’t it? 
While the idea of a smart city may 
have been a dream in India a few 
years ago, today they are a possibility 
due to resource enhancement, 
government awareness and active 
ci t i zen par t icipat ion. Var ious 
city projects are being planned 
and some are even underway to 
offer better quality of life in urban 
environments. 
Safety infrastructure 
But the foundation of any smart 
city is ‘safety’ of its citizens and 
resources. Components of a smart 
city can only work tandem if its 
social and physical infrastructure is 
safeguarded from any threats, be it 
personal or natural. 
As cities expand and populations 
grow, they lead to anonymity and 
prevalence of high threat targets, 
presenting anti-social groups with 
several opportunities. Therefore, new 
infrastructure is required not only 
to support the growing population, 
but also to manage the increased 
pressure they add to the city’s natural 
resources. The 26/11 terror attack 
and 2005 mega floods in Mumbai 
highlighted some key loopholes in 
the security and safety infrastructure 
of the city. 
Thus there is stringent need for 
emergency services, law enforcers, 
corporations and individuals alike 
to cooperate and address the ever-growing 
need for security and safety. 
Further, intelligent management 
integrated with information and 
communication technology (ICT) 
and active citizen participation can 
also drive the creation of smart and 
safe cities. 
Smart cities can enhance public 
security by deploying networked 
security systems across several 
entities, to optimise the necessary 
response from detection to action. 
Vast communication and sensor 
networks across cities, enable law 
enforcement and other government 
agencies related to citizen safety to 
gather greater quantities of data; 
interpret them and react effectively. 
Greater interoperability allows 
technologies and networks to be 
linked and advanced analytics 
provides departments with the 
data they need to make effective 
decisions on time. This is driving 
change to the way major cities 
across the world evaluate their 
security requirements. 
Further, natural disasters are 
a major threat to safety and first 
response is critical to the success 
of smart and safe cities. With 
cities being susceptible to natural 
disasters, advanced information 
and communication systems must 
be deployed in order to minimize 
casualties and economic loss. 
Ultimately, all public safety systems 
– including human operators, 
technologies and organisations – 
have to work seamlessly together for 
a smart, safer city to function well. 
Part of sustainable society 
NEC, one of the world’s leaders 
in the integration of IT and network 
technologies, envisions smart cities 
as part of a sustainable society in 
which people live, work, and play 
in safety and comfort while also 
coexisting in harmony with the 
environment. 
NEC has been working with 
governments across the globe 
to design and roll out systems 
that take advantage of info com 
technologies to transform the lives of 
citizens. With solutions ranging from 
immigration control to emergency 
and disaster management, NEC has 
established safer cities for more than 
480 customers in over 30 countries, 
in Asia-Pacific, Latin America, Europe 
and the United States. 
I n I n d i a , NEC i s wo r k i n g 
closely with the Central and state 
governments to understand the need 
of utilizing technology for tackling 
governance challenges and making 
a smart city safe. Today, NEC offers 
a variety of solutions including the 
biometrics, fingerprinting technology 
for police and forensics departments 
in India. 
Security format 
In terms of personal security, 
NEC offers Automatic Fingerprint 
Identification System solutions to the 
SCRB (State Crime Records Bureau) 
of three states. The technology helps 
the police collect, digitize and match 
criminal records faster. 
Another key project that NEC is 
working on in India is the biometric 
de-duplication of records for Aadhar 
-- a unique identity card that has 
been provided to every citizen in 
the country. The card has key data 
pertaining to the individual user and 
is slated to become the sole card 
to identify them. Currently, there are 
no means to identify an individual 
because of various cards that are 
provided by the government. 
These include PAN card, ration 
card, LPG card, driver’s license 
card, etc, which differ from state 
to state. NEC’s technology used in 
Aadhar programme has provided a 
standardized identification format 
for all individuals throughout the 
country. 
The card also has biometric 
templates of the user, which will 
eventually be used for logical 
and physical access for various 
facilities across the country. NEC 
also has a longstanding relationship 
with the Karnataka state police 
and has been working with them 
since 2002, providing them NEC’s 
Automatic Fingerprint Identification 
System (AFIS), which has helped 
increase conviction rate in the state 
remarkably. 
In the banking sector, NEC has 
been working with a consortium of 
public sector banks for dual factor 
authentication. NEC also offers 
Face Recognition System (FRS) for 
some states that can not only track 
movements of people, but also 
identify and live stream records of 
criminals who might be creating 
mischief. 
Gathering info in emergency 
For di sas ter management , 
NEC has solutions that cover the 
various sensors needed in gathering 
information on disasters and 
emergencies, such as surveillance 
cameras, water level sensor, rain 
gauges, and seismometers and 
provide intelligence to analyse, 
assess and alert relevant authorities 
in timely fashion. NEC is pioneering 
such approach with innovative IAC 
(Inter-Agency Collaboration) product 
line. 
Political will 
Surely, technology alone does 
not solve problems. Leadership, 
foresight and political will are 
some of the other key attributes 
that contribute to a safe city. As 
technology advances, citizens too 
have to be comfortable with the 
privacy issues involved in data being 
collected, shared and processed by 
the relevant authorities. 
Ultimately, governments and city 
authorities will have to evolve in their 
planning and decision-making, as 
cities become bigger. With the right 
innovation tools, city planners can 
build capacity and translate all the 
information coming through their 
feeds into action. 
Substantial investments made 
in human and social capital along 
with technology (communication 
inf rast ructure) wi l l fur ther fuel 
sustainable economic development 
and increase the quality of life. This 
combined with an active participatory 
governance will hence make a city 
smarter and safer. 
November 25–28, Shanghai 
SHANGHAI 
NEW INTERNATIONAL 
EXPO CENTRE 
Andrew Chi 
Head, Public Safety 
Solutions, NEC India 
Save money – 
register online 
7TH INTERNATIONAL TRADE FAIR FOR 
CONSTRUCTION MACHINERY, 
BUILDING MATERIAL MACHINES, 
CONSTRUCTION VEHICLES 
AND EQUIPMENT 
www.bauma-china.com 
baumaCH14_Besucher_260x180_E.indd 1 29.07.14 13:49
real estate August 18-24, 2014 8 
Buyer’s guide to 
green homes 
The overall benefits of 
green buildings depend 
on the extent to which 
sustainable features 
are included during 
the initial planning and 
design 
emission of greenhouse gases during 
the lifecycle of resultant buildings. 
On an average, buildings consume 
about 20 per cent of the total energy 
available in a country, and this trend is 
increasing with every passing day. 
Sustainable solutions 
Mounting concern for environmental 
impact of real estate has necessitated 
formulation of sustainable solutions. 
This has led to the advent of sustainable 
real estate and related ‘green homes’ 
concepts. At its basis, sustainable real 
estate is all about using resources 
sustainably and addressing demands 
of the present without compromising 
the ability of future generations to meet 
their own needs. 
Green housing or eco-friendly 
homes are an integrated approach 
towards minimizing adverse effects 
of construction and its operation 
on the environment and promoting 
healthier living for people. It has been 
The tremendous rate of real estate 
development across the globe, and 
especially young, emerging nations, 
is imposing immense pressure on the 
environment and its natural resources. 
With such a rapid development, there is 
a lot at stake when we look at important 
factors such as energy availability and 
environmental sustainability. 
The real estate sector is one of the 
major contributors to global warming 
due to extensive pollution during 
the construction process as well as 
Challenge to affordable 
The factor of high 
construction costs 
continues to be at 
odds with the new 
government’s focus on 
providing housing for 
all by 2022 
housing 
the construction and infrastructure 
sectors with additional allocation to 
infrastructure projects in the recent 
budget. However, sizeable budgetary 
allocations are nothing new in the 
Indian context. 
Everything looks good on paper 
until the funds for large projects hit 
bureaucratic hurdles on the road 
to implementation. Considering its 
complexity, clearing the opaque 
jungle of red tape that has been 
created in India over the decades is 
in any case not an easy task even for 
the most determined government. 
FDI aspect 
If viewed from a market-level 
perspective, Budget 2014 has in fact 
not delivered any tangible means to 
reduce construction costs. The cost 
of construction materials has been 
increasing at a rate of 15-16 per cent 
over the past three years, and this 
has seriously impeded developers’ 
ability to generate sufficient profits 
to launch new projects. 
While this does not significantly 
impact larger developers who tend 
Over the past decade, the 
construction industry has been 
hit hard by economic slowdowns 
and extreme market fluctuations. 
Construction and infrastructure 
play a significant role in a country’s 
economy, but rigid contractual 
policies and very high construction 
costs (among other factors) have 
been constricting the growth of this 
sector in India. 
Needless to say, growth i n 
construction and infrastructure will 
not only result in more connected, 
streamlined and future-ready cities -- 
it also means the creation of millions 
of new jobs and overall growth of the 
economy. 
The new government did attempt 
to provide increased impetus to 
to launch residential projects for 
the mid-income and high-income 
segments of buyers, it is a challenge 
to smaller developers who typically 
cater to the needs of home buyers 
with smaller budgets. In other words, 
the high cost of construction remains 
a serious challenge to the affordable 
housing sector. 
The factor of high construction 
costs continues to be at odds 
with the new government’s focus 
on providing housing for all by 
2022. National-level developers will 
doubtlessly benefit from the recent 
budget loosening the norms of 
foreign direct investment into the 
affordable housing sector. 
This is because, thanks to their 
larger land holdings and financial 
positioning, they will be able to 
meet the minimum area norms 
and capitalization criteria required 
by the FDI policy. The FDI aspect 
for affordable housing is more or 
less geared towards large-scale 
development undertakings, often 
involving slum rehabilitation in larger 
cities. 
However, the biggest suppliers of 
budget housing in India have always 
been smaller players. Because of 
high land costs, projects launched 
by these developers tend to be small 
and therefore of no interest to foreign 
institutional investors. These low-key 
developers will therefore not benefit 
from the relaxation of FDI norms 
into affordable housing projects, 
and continue to suffer from ever-escalating 
construction costs. 
Glimmer of hope 
The one glimmer of hope on the 
horizon is the budget’s allocation 
of Rs 40 billion towards low-cost 
housing schemes. However, no 
clarity has so far been offered on 
what categories of developers will be 
benefited, and what the qualification 
parameters are. 
This allocation i s basically 
compensation to the NHAI for the 
loss it incurs in the process of 
providing incentives and developers 
of affordable housing. However, 
incentivization takes place at a local 
level and depends on locally-decided 
parameters. 
For example, in a state like Gujarat 
(which already has very proactive 
policies for affordable housing) 
the benefits of this allocation will 
be more uniformly spread across 
stakeholders. This does not mean 
that all developers of affordable 
housing in other states will be equally 
benefited. 
Sachin 
Agarwal 
CMD, Maple Shelters 
extensively documented that living 
in conventional buildings has been 
working against residents, both in 
terms of living standards and the cost 
of excessive energy consumption. 
The process that governs eco-friendly 
homes is limiting the use 
of scarce resources such as water, 
energy and materials used during 
construction and occupation. The idea 
is to incorporate features that make the 
most of natural resources such as light 
and water, while reducing heat gain 
and improving the quality of indoor 
air. Green buildings not only enhance 
quality of life but also reduce the cost 
of living, as these buildings involve 
significantly lower consumption of 
energy, water and other resources. 
Constraints to faster growth 
The first and foremost constraint 
for the proliferation of green buildings 
in India is the lack of information and 
incorrect perceptions. It is generally 
believed that green buildings cost 
more and take a long time to pay back 
in tangible energy savings. 
Such a perception leads to lower 
demand levels from the larger buyer 
base. In fact, the additional cost 
factor is rapidly reducing as more and 
more developers get into the ‘green 
homes’ arena, since there is increased 
competition. Also, green homes result 
in significantly reduced utilities bills 
right from the start. 
Also, many developers are deterred 
from adopting the ‘green mantra’ in 
their projects because green buildings 
may involve increased construction 
costs. They may also find it challenging 
to obtain necessary technologies, 
source green building materials and 
find appropriately qualified architects 
and contractors in India. 
Nevertheless, developers are 
aware that the ‘green wave’ is catching 
the fancy of more and more home 
buyers in India and want to get on 
the bandwagon. Unfortunately, this 
has resulted in a lot of residential 
projects which define themselves 
as ‘green’ without adhering to all 
mandatory parameters or having 
obtained necessary certification. 
The overall benefits of green 
buildings depend on the extent to 
which sustainable features are included 
during the initial planning and design. 
In some cases, such features can also 
be incorporated after the building is 
complete. But the point is that a few 
green features do not qualify a building 
as environmentally sustainable. 
Genuine or wannabe project 
Because of the increasing interest 
in this concept by home buyers, many 
developers have begun promoting 
projects under the banner of ‘eco-friendly 
homes’. While many of these 
projects are indeed accordingly 
certified by competent authorities, 
others are merely seeking to get on a 
popular bandwagon without actually 
delivering the goods. 
To ensure that a genuinely ‘green’ 
residential project is not mistaken 
for one of the many wannabes, it is 
important for their developer to obtain 
accreditation from the green rating 
systems followed in India. Griha 
(Green Rating for Integrated Habitat 
Assessment) is one such system 
which verifies whether a building 
has adhered to all the prescribed 
parameters, and that materials and 
processes have been used at every 
stage of construction. Once all the 
requirements are met, the project is 
credited as a ‘Green Building’. 
Check list for green home 
buyers: 
Does the project offer ready access 
to public transportation to reduce the 
need for private transport? 
Does it have fixtures that facilitate 
lower water consumption, and are the 
systems and fixtures used in common 
area lighting systems certified as 
energy-efficient? 
Does it use solar water heaters 
and has sewage treatment plants, rain 
water harvesting and water recycling/ 
reuse features? 
Does it feature natural ventilation to 
reduce the need for air-conditioning? 
Does it have adequate open spaces 
and green areas? 
Does it offer covered car parking? 
Does it have sustainable waste 
disposal features? 
Juggy 
Marwaha 
Managing Director, 
South, JLL India
EQEIMNPTU August 18-24, 2014 9 
SDLG fleet goes beyond 
expectations at Indian seaport 
“Timber comes in var ious 
categories and can be hard or soft,” 
explains Keyur Thakrar, the company’s 
director. “Delicate handling is essential 
to ensure no damage is caused to the 
logs. Previously we were using big 
machines that were cumbersome 
and it took a long time to load and 
unload a vessel carefully. So when 
it came to changing our fleet, we 
took advice from our local dealer – 
Sarvajit Construction Equipment (CE) 
Services – to find a solution.” 
R Narasimhan, dealer principal at 
Sarvajit CE Services, advised Thakrar 
to use a smaller wheel loader and 
introduced him to the 3 ton SDLG 
LG938L fitted with a locally sourced 
log grappler attachment. “It’s as 
though the machine was perfectly 
engineered for our site,” Thakrar 
continues. “It’s able to handle both 
soft and hard timbers delicately – but 
importantly, the machines are still 
quick, reliable and efficient.” 
Swayam Shipping Services Pvt 
Ltd handles over 2 million tons of 
cargo each year at four ports across 
the state of Gujarat. At the country’s 
biggest private docks, Mundra Port, 
the cargo-handling specialist uses 
a fleet of 10 SDLG wheel loaders 
to load and unload precious wood 
shipments. 
The western state of Gujarat 
exper iences di ver se weather 
conditions with mild, dry winters, 
extremely hot summers (reaching over 
49°C) and a wet and humid monsoon 
season. The climate provides perfect 
conditions for over 400 species of 
trees to grow – including the most 
abundant, neem. 
Swayam Shipping Services 
specializes in handling, storing 
and transporting pine, neem and 
hardwood timber logs at four ports 
along the 1,600 km Gujarat coastline 
using a fleet of five SDLG LG938L and 
five SDLG LG958 wheel loaders to 
move cargo for 10 hours a day. 
The company was founded 20 
years ago and has since grown to be 
one of the region’s major players. And 
over the years, careful handling of 
timber has become more important. 
Atlas Copco cements its 
position with Oman’s OCC 
The Oman Cement Company 
(OCC) and equipment major Atlas 
Copco have released details of 
how their long-standing strategic 
relationship helps to maintain self-reliant 
nature of the Sultanate’s 
cement industry. OCC employs an 
array of Atlas Copco equipment to 
supply air for its plant and instruments, 
and to aerate its cement silos. 
At present, the Omani cement 
manufacturer uses 16 Atlas Copco GA 
160 oil-injected screw compressors; 
two ZA 6 single-stage, oil-free screw 
compressors; and a number of ZS 30 
rotary screw blowers. 
Ziad Al Siyabi, Maintenance 
Manager at OCC, said, “In order to 
meet our quality commitment, we 
need committed business partners 
who are geared to deliver the highest 
performance and 24/7 support.” 
“Atlas Copco, over the years, has 
been able to deliver this through its 
huge compressed air equipment 
product portfolio and high-quality 
service support through its distributor, 
Bin Salim Enterprises,” he added. 
Since its establishment in 1983, 
OCC has formed an important part 
of Oman’s drive for self-reliance 
within its core industries. In order to 
maintain this situation, the company 
requires equipment that is both 
reliable and efficient. 
To this end, OCC has installed 
the GA 160 units at key locations 
across its plant. The compressors are 
able to operate continuously in the 
toughest conditions and at ambient 
temperatures of up to 55°C. 
With screw technology, stainless 
steel coolers, and AGMA A4/DIN 
5 gears, the ZA 6 units have also 
proven adept at operating in OCC’s 
dusty cement plant. 
Moreover, OCC’s ZS 30 blowers, 
whi ch are used for aerat ion 
applications inside the plant’s silos, 
have been shown to reduce energy 
costs by an average of 30 per 
cent, compared to conventional 
methods. 
OCC has even constructed a 
dedicated compressor room with 
dual-filtration screeds to combat 
the problem of dust; a measure that 
has helped to increase reliability and 
reduce maintenance and energy 
costs, according to Al Siyabi and his 
colleagues. 
Commenting on the partnership, 
Tony Van Herbruggen, Atlas Copco’s 
Country Manager for Oman, said, 
“With the success obtained so far 
at OCC, the Atlas Copco oil-free 
air team is quite confident about 
supporting OCC and meeting its high 
expectations with new, innovative 
solutions that deliver reliability and 
energy efficiency.” 
Beyond the call of duty 
The 3 t LG938L wheel loader is designed to be agile, productive and 
fuel efficient, featuring the powerful and reliable German-designed Deutz 
6.1 l tier IVi certified engine. The air-conditioned cab with AM/FM radio and 
USB interface is designed for operator comfort, whatever the weather. The 
hydraulic quick coupler and in-cab activation switch allows the operator 
to switch easily and quickly from one attachment to another. 
While some customers perceive Chinese-made construction 
equipment to be lower in quality – because of a lower purchase price 
– Shandong Lingong Machinery Co Ltd (the manufacturer of SDLG 
equipment) is changing these perceptions by ensuring its manufacturing 
and design processes are benchmarked against the world’s best to 
eliminate waste, improve efficiency and deliver the best quality. 
In addition, SDLG has strategically located parts depots – including 
a parts warehouse in Bengaluru to shorten lead times as well as an 
established global dealer network that offers qualified technical support 
on site, even in the most remote locations. 
“Sarvajit CE Services really does go beyond the call of duty to ensure 
our machines are kept up and running,” Thakrar explains. “Our first 
challenge we presented to them was our requirement for a full fuel tank to 
last 24 hours at a time – but this was no problem as Sarvajit ensured we 
had a fuel tank extension fitted. The company listens keenly 
and takes time to understand our business needs. But best 
of all, they live up to – and even exceed – our expectations 
in terms of sales and service support.” 
The five LG938L wheel loaders have been in 
operation at the Swayam Shipping Services’ site 
for 16 months and have racked up over 16,000 
operational hours between them. Thakrar 
confirms that they’ve experienced zero 
defects – whereas other brands of equipment 
have frequent faults. In fact, he has been so 
impressed with the performance of the SDLG 
wheel loaders, he’s taken delivery of five more 
SDLG 5 ton LG958 wheel loaders. 
MAN to showcase efficiency 
technologies at IAA 2014 
MAN Truck & Bus has announced 
it will showcase its latest efficiency 
technologies at IAA Commercial 
Vehicles 2014, Hannover, Germany. 
The German vehicle manufacturer 
will use the Hanover event as a 
platform to unveil its latest engines, 
with top-of-the-range 640 hp TGX 
D38 truck as its centrepiece. 
With 19 trucks on its stand and 
on display, MAN will be the second-largest 
exhibitor at this year’s show. 
“Consumption efficiency goes 
hand in hand with our goal of reducing 
CO2 emissions,” commented MAN in 
a press release detailing its plans. 
“The new TGX EfficientLine has 
all of the efficiency technologies on 
board, most notably the EfficientCruise 
GPS Tempomat and the TopTorque 
torque enhancer for fuel economy. 
In the TGX EfficientLine, designed 
with consistent fuel economy in 
mind, MAN has the most successful 
model on the market. Since its 
market launch in 2010, more than 
27,000 customers have chosen the 
EfficientLine models and packages,” 
added the manufacturer. 
TEE to unveil recycling kit 
at RWM 2014 
Terex Environmental Equipment 
(TEE) has revealed details of the units 
that it intends to showcase at this 
year’s Recycling & Waste Management 
Exhibition (RWM 2014). 
The TEE products to be displayed 
at the event include TRS 550 recycling 
screen and TDS 825 low-speed 
shredder. It will also use the show 
to provide further details of its move 
away from a North American-based 
distribution system towards global 
strategy. 
TEE’s business line director, Martin 
Dummigan, said, “As part of the TEE 
business development, we have 
focused on expanding our distribution 
and product strategy into what we 
believe is a position of strength in the 
current marketplace.” 
“We have made, and continue 
to make, significant investment in 
Terex Environmental Equipment, 
which includes product development, 
investment in facilities globally, and 
team-member resource,” he added. 
The TRS 550, which features 
Spaleck technology, is a two-deck, 
high-performance recycling waste 
screen designed and manufactured 
in Germany. The TDS 825 shredder, 
meanwhile, can be used for a diverse 
range of tasks, including applications 
within the fields of bio waste, municipal 
solid waste (MSW), construction, and 
demolition. 
According to Dummigan, TEE has 
received renewed interest from the 
market of late, and the manufacturer 
hopes to capitalize on this momentum 
with its new products. 
“Since the appointment of our 
international sales director, Conor 
Hegarty, we have received significant 
interest in our products from the rest 
of the world,” he explained. 
“This is from both potential dealers 
and prospective new customers. 
We are delighted with our current 
aggressive product development 
strategy, which will see TEE taking 
a truly global approach in the wood 
processing, biomass, and recycling 
industries.” 
RWM 2014 will take place at the 
National Exhibition Centre (NEC) in 
Birmingham, UK, from September 
16 to 18. 
SDLG LG958L wheel loader handles 
timber logs at the Mundra Port in Gujarat 
Terex
August 18-24, 2014 10 
requisite permissions, particularly the 
EC, from the competent authority. 
The petition had also sought 
rest r ict ion on the respondent 
(Noida) from awarding the tender 
for the project and a direction to all 
concerned stakeholders to obtain 
environmental clearance before 
commencement of work. 
The petition had alleged that “while 
drafting the proposed scheme of the 
Sports City, the Noida authority has 
favoured the builder lobby instead of 
taking care of the environment and 
thus the claim of the Noida authority 
to provide world -class Sports City is 
nothing but an eyewash. 
real estate 
Noida Sports City told 
to get green nod 
The National Green Tribunal 
has directed developers of an 
upcoming project, Sports City, 
in Sector 150 of Noida, to obtain 
Environmental Clearance (EC) before 
commencement of work. A green 
bench headed by Justice Swatanter 
Kumar disposed of a petition filed by 
Mahendra Pandey, which had sought 
to restrain New Okhla Industrial 
Development Authority (Noida) and 
others from awarding tender for the 
project on grounds that it has no 
jurisdiction in the matter. The project 
proponent to whom the tender is 
awarded, before he commences 
any part of the project, has to obtain 
Dubai keen to partner 
with Gujarat’s Gift City 
S e v e r a l D u b a i - b a s e d 
organizations are keen to develop 
the Gujarat International Finance 
Tec-City (Gift City) project near 
Gandhinagar, said state Finance 
Minister Saurabh Patel. During the 
visit they met authorities of Dubai 
International Finance Centre (DIFC), 
Dubai Multi Commodity Centre 
(DMCC) and Dubai Metro, with a 
view to develop Gift City as a global 
financial hub, he said. 
An overwhelming response to 
participate in the development of 
Gift City, and Gujarat in particular 
Godrej Properties to develop 
townhomes in Bengaluru 
Realty firm Godrej Properties 
said it will develop townhomes in its 
township project Godrej Gold Country 
in Bengaluru. Spread across 1.6 
acres, the Mumbai-based company 
will develop 22 exclusive townhomes, 
which will be available in sizes from 
2,616 sq ft to 3,816 sq ft and at prices 
starting from Rs 1.7 crore. 
Godrej Gold Country is a joint 
development township project, which 
Godrej Properties is developing in 
shows the confidence being posed 
in India by Dubai. The authorities 
of these organizations shared their 
experience of developing DIFC 
and DMCC and they also agreed 
to exchange information with Gift 
officials. 
It said the organizations also 
agreed to enter into MoU t o 
collaborate in the development and 
promotion of Gift and has shown 
keen interest in the International 
Financial Services Centre (IFSC) in 
Gift City. 
Koramangala realty sector 
bracing for ‘achche din’ 
Stabilisation in property prices and 
slew of initiatives announced for real 
estate sector in Union Budget have 
given a boost to the sector, reports 
Shivendra Kumar Singh. 
Koromangala real estate market 
is bracing up for a favourable period 
with expectations of market picking 
up both in residential and commercial 
space. Koramangala, which has 
always been a prime real estate 
market in Bengaluru, is beginning to 
generate a lot of response, especially 
in the residential sector, said experts. 
The reasons being cited are the 
stabilization in property prices and a 
slew of initiatives that were announced 
for the real estate sector in this year’s 
budget. 
Dinesh Reddy, a Bengaluru-based 
developer, said, “There is a lot of 
inventory in Koramangala which has 
brought down prices because the 
demand was not that great till some 
time back. But it is a prime market 
and a lot of development has already 
taken place. Many projects have 
completed or are nearing completion, 
so an investment there would be 
a good buy.” Reddy is proprietor 
of Prodaacon Promoters and has 
projects in north and north-east 
Bengaluru. 
The situation is improving in entire 
Bengaluru, maintained the players 
and that it will have a trickledown 
effect in Koramangla. Rajiv Talwar, 
MD at DLF said, “The situation will 
improve now. Bengaluru overall has 
been a very important real estate 
market in the country. DLF has two 
projects in here.” 
Aadhar Housing to disburse 
`600 cr loans in FY15 
Mumbai-based Aadhar Housing 
Finance is looking at fresh loan 
disbursements to the tune of Rs 600 
crore this fiscal for affordable housing, 
including to those from lower income 
group across Gujarat. 
These plans are in accordance 
with the state government’s plans to 
construct 22 lakh new homes in the 
next four years. Harshil Mehta, MD & 
CEO, said the company’s loan portfolio 
is expected to grow to over Rs 1,000 
crore by the end of this fiscal. 
“While new loans will be to the 
tune of Rs 600 crore, our portfolio 
size would be over Rs 1,000 crore,” 
he added. 
“Gujarat is a high-potential state 
for low-cost housing with the state 
government recently introducing the 
affordable housing policy and that is 
why we decided on moving this van 
office to give freedom to common man 
from rented homes,” he said. 
Top real estate firms vie for 
Crompton plot in Mumbai 
Several top real estate developers 
are in the hunt for a 24.5-acre parcel of 
land in suburban Mumbai being sold 
by its owners, Crompton Greaves Ltd, 
for around Rs 1,000 crore. Runwal 
Group, Lodha Group, Oberoi Realty, 
Mahindra Lifespace and Kalpataru 
have been shortlisted as potential 
buyers, with Runwal Group leading 
the deal. 
There is no formal bidding and 
the deal is happening through private 
negotiations. All the parties have 
submitted their prices and conditions. 
The board (Crompton Greaves) 
will take a call on the buyer, said a 
source. 
The land, which is used for 
industrial purpose, is located in 
Kanjurmarg that is dotted with 
residential projects, but is also an 
upcoming commercial office area. As 
of March 2014, Crompton Greaves’ 
total consolidated debt was Rs 2, 
partnership with former actor Fardeen 
Khan and Laila Khan Furniturewalla. 
These townhomes are designed on 
the principles of sustainability. 
The project w i l l use eco-friendly 
materials and will integrate 
envi ronment-sensi t ive passive 
architectural solutions to minimize 
carbon emission associated with 
development. These homes are 
designed to offer residents a world-class 
lifestyle. 
395.99 crore. The Crompton Greaves 
deal is only the latest of several such 
acquisitions this year in Mumbai. 
Oberoi Realty bought Tata Steel’s 
25-acre land parcel in suburban 
Borivli for Rs 1,155 crore this year. 
In June, the late nuclear physicist 
Homi Bhabha’s iconic bungalow in 
south Mumbai’s Malabar Hill was 
auctioned by the National Centre for 
the Performing Arts (NCPA) for Rs 
372 crore.
Cir  33 2014
Cir  33 2014

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Cir 33 2014

  • 1. August 18-24, 2014 1 An MMR, Braj Binani Group Publication Volume 3 l Issue No 33 l August 18 - 24, 2014 l Price: Rs 100 Sebi’s nod to Reits, infra investment trust India’s capital markets regulator, the Securities & Exchange Board of India (Sebi), approved rules for the creation of real estate investment trusts and infrastructure investment trusts in the country. The move will give cash-strapped developers easier access to funds and create a new investment avenue for institutions and high net-worth individuals, and eventually ordinary investors. The approval comes a month after Finance Minister Arun Jaitley said that these trusts would be given a tax pass-through status, meaning they wouldn’t have to pay any federal taxes as long as they pass most of their income to shareholders in the form of a dividend. Welcoming the rules issued by the Sebi, the industry experts said that that real estate and infrastructure trusts will help provide a new source of funding for developers and investors in infrastructure projects. All Reit schemes, to begin with, will be close-ended real estate investment schemes that will invest in property with the aim of providing returns to unit holders. The returns will be derived mainly from rental income or capital gains from real estate. The Sebi said that Reits will be allowed to invest in commercial real estate assets, either directly or through special purpose vehicles (SPVs). In such SPVs, a Reit must have a controlling interest of at least 50 per cent of the equity share capital. Moreover, such SPVs have to hold at least 80 per cent of their assets directly in properties. The Reits will be allowed to raise funds only through an initial offering and units of Reits have to be mandatorily listed on a stock exchange, similar to initial public offering (IPO) and listing for equity shares. An Reit will be required to have assets worth at least Rs 500 crore at the time of an initial offer and the minimum issue size has to be Rs 250 crore. The minimum subscription size for units of an Reit on offer will be Rs 2 lakh and at least 25 per cent of the units have to be offered to the public. Subsequently, Reits can raise money through follow-on offers, rights issues or qualified institutional placements and the trading lot for such units will be Rs 1 lakh, said the Sebi in a statement. As per estimates by property broker Cushman & Wakefield, the assets that may qualify to be included in Reits may reach $20 billion by 2020, In the first three to five years, as much as $12 billion could be raised. In order to develop the trusts, the BSE has set up an 11-member advisory group of experts, bankers, legal professionals and consultants in the real estate industry, according to a statement on July 10. The Sebi had said in its October consultation paper that although a Reit may raise funds from any type of investors, resident or foreign, initially only wealthy individuals and institutions will be allowed to subscribe to Reit unit offers. The market regulator said a Reit may have up to three sponsors, with each holding at least 5 per cent and collectively holding at least 25 per cent for a period of at least three years from the date of listing. Subsequently, the sponsors’ combined holding has to be at least 15 per cent throughout the life of the Reit. The Sebi has decided to allow these trusts to invest primarily in completed revenue-generating properties. To ensure that Reits generate continuous returns, the Sebi said at least 80 per cent of the Reit’s assets has to be invested in completed and revenue generating properties. And, only up to 20 per cent assets can be invested in properties that are being developed, mortgage-backed securities, debt of companies in the real estate sector, equity shares of listed companies that derive at least 75 per cent of their income from real estate, government securities, or money market instruments. However, no Reit can invest more than 10 per cent in properties which are under construction. Lanco sells Udupi plant to Adani for `6000 cr ‘Prime Minister Modi has done terrific job’: Donald Trump Donald Trump, American real estate mogul after adding two Indian projects to his kitty – Panchshil Realty group in Pune and Lodhas in Mumbai – was in India for exploring deals in India’s luxury residential and hospitality market across cities such as Delhi, Bengaluru, Hyderabad, Chennai and Goa. He was in Mumbai for the formal launch of the Trump Tower Mumbai with the Lodha Group. His son, Donald Trump Jr, said, ”With Modi’s election as Prime Minister, we have someone with a pragmatic, pro-business approach who is regulating the market in a way that isn’t filled with corruption. That is a mindset which can solve and bridge a lot of (India’s) infrastructure.” “India is a great place to invest, especially after the elections, and this project (Trump Tower) speaks well about the prospects for the country,” said Donald Trump. Besides Lodha’s Trump Tower in Worli, he has licensed his name to a 22-storey residential complex in Pune, which is being developed by Panchshil Realty. Trump said that he has been looking at India for many years but it is only now that he found the right partner and the right opportunity. The 75-plus-storey Trump Tower, which entails an investment of Rs 2,300 crore, comprises 3-, 4- and 6-BHK apartments, priced between Rs 9 crore and Rs 18 crore. Already 100 units out of the 300 have been sold, said Abhishek Lodha, MD of the Rs 8,700-crore Lodha Developers. Non-resident Indians from Hong Kong and the Middle East form a good chunk of the buyers. Lodha expects to earn revenues of up to Rs 5,000 crore from the Worli project. “The percept ion on what i s happening in India is terrific. The whole world is keenly watching India. The new Prime Minister has done a terrific job, and people all over are speaking high of India. I am very excited about the opportunities here,” said Donald Trump. Adani Power has bought Lanco Infratech’s 1,200 mw Udupi thermal power plant in a Rs 6,000 crore transaction, marking the second mega deal in two and-a-half weeks for the sector that is seeing a spurt of fund-raising and M&A activity. While Adani will take over the plant’s Rs 4,000 crore worth of debt, Lanco will receive Rs 2,000 crore in cash, which it plans to use for lowering its debt. Adani Power pipped JSW Energy in the negotiations and announced the transaction within two weeks of starting talks. The Udupi plant acquisition is Adani Group’s second big takeover since it became clear that a Narendra Modi-led government was coming to power at the Centre. Udupi is India’s first independent power project in the country based on 100 per cent imported coal with a captive jetty of 4 million ton per annum and an external coal-handling system located at Mangalore Port. The capacity can be expanded to handle another 4 million ton, Lanco said. The Udupi project has power sale agreements with Karnataka to sell 90 per cent of generated power and with Punjab for 10 per cent. But the unit has been facing operational issues that even led to stoppage of production in June, as Rs 1,800 crore of arrears from the Karnataka Electricity Board piled up. Also, Lanco, which was importing Indonesian coal to run the power station via New Mangalore Port, failed to lift the fuel from a ship berthed at the port. Lanco had put the power plant on the block two years ago, aiming to use the proceeds to lower its consolidated debt (Rs 35,000 crore as of March this year). The company went for a Rs 7,000-crore corporate debt restructuring in December last year, with Rs 2,500 crore as priority loan from lenders. For Adani Group, this is a major step forward in power sector. In April this year, the group announced it had become the largest private power producer in India, with an overall installed capacity of 8,620 Mw. Controlled by billionaire Gautam Adani, the group is planning to concentrate on the Indian infrastructure sector and has put its loss-making coal terminal in Australia for sale at a reported valuation of $2 billion. Trump Tower Mumbai
  • 2. Building materials August 18-24, 2014 2 Export: Cement, Cement Products & Building Materials Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate Lime Stone/ Marble/ Granite stone 4/1/2014 NATURAL PROCESSED STONE GUR NETHERLANDS 26000 168776.08 6.49 4/6/2014 NATURAL LIME STONE CHN FRANCE 100000 710921.36 7.1 4/9/2014 UNPOLISHED GRANITE STONES CHN DENMARK 10000 85107.59 8.51 4/11/2014 COBBLE STONES CHN USA 14400000 51150540.56 3.6 4/12/2014 TRIMMED GRANITE CHN SRI LANKA 22000 274493.9 12.48 4/16/2014 NATURAL STONE CHN JAPAN 84000 1180975 14.1 4/16/2014 UNPOLISHED GRANITE STONES CHN UAE 220000 1176621.28 5.3 4/16/2014 ROUGH GRANITE BLOCKS KAN CHINA 335532 8698667.1 25.9 4/17/2014 ALUMINIUM SILICATE MUN SPAIN 49000 395398.46 8.1 4/17/2014 GRANITE BLOCKS KRI HONGKONG 2438000 19972827.4 8.2 4/20/2014 MARBLE TILES PET BANGLADESH 21000 205251.14 9.77 4/22/2014 LIMESTONE CHN BELGIUM 57200 1086281.84 19.0 4/22/2014 NATURAL LIMESTONE CHN U K 252000 1859244 7.4 4/25/2014 NATURAL LIME STONE CHN CANADA 20250 388663.72 19.19 4/25/2014 NATURAL LIMESTONE CHN ECUADOR 100000 1210461.12 12.1 4/25/2014 UNPOLISHED GRANITE STONES CHN NORWAY 438000 995838.5 2.3 Total 18572982 89560069.05 4.8 Marble 4/5/2014 GREEN MARBLE MUN PAKISTAN 267220 2222222.62 8.32 4/5/2014 MARBLE BLOCKS KNA CHINA 11554730 90006866.24 7.8 4/8/2014 MARBLE BLOCKS KAN HONGKONG 5894720 38095839.04 6.5 4/16/2014 MARBLE BLOCKS MUN TAIWAN 3508920 40247516.16 11.5 4/20/2014 ROUGH MARBLE BLOCKS MUN THAILAND 51450 694611.5 13.5 4/22/2014 MARBLE BLOCKS MUN BANGLADESH 603510 2237039.2 3.7 4/22/2014 ROUGH MARBLE BLOCKS MUN ITALY 1345662 13424415.96 10.0 4/22/2014 MARBLE BLOCKS MUN EGYPT 3001660 17884323.84 6.0 Total 26227872 204812834.6 7.8 Natural Manganese 4/18/2014 NATURAL MANGANESE DIOXIDE POWDER MUM NETHERLANDS 0.2 22 110 4/25/2014 NATURAL MINERAL POWDER MICA MUM JAPAN 0.1 2 20 Total 0.3 24 80 Mica 4/1/2014 MICA FLAKES KOL EGYPT 160000 617373.9 3.9 4/1/2014 MICA POWDER CHN UAE 14000 681296 48.66 4/3/2014 MICA BLOCKS KOL GREECE 315 774605.5 2459.07 4/3/2014 MICA FLAKES KOL NETHERLANDS 725492 16590695.08 22.9 4/3/2014 MICA FINE CHN LIBYA 36000 370832 10.3 4/1/2014 MICA FLAKES CHN BELGIUM 2000 63517.97 31.76 4/1/2014 WET GROUND MICA POWDER CHN INDONESIA 9000 702694.3 78.08 4/5/2014 MICA ROUND KOL KOREA 40000 1345128.4 33.6 4/5/2014 MICA KOL AUSTRALIA 108000 1564609.2 14.5 4/6/2014 MICA BLOCKS CHN USA 10361.6 1627370.5 157.1 4/6/2014 MICRONISED MICA POWDER CHN MALAYSIA 17000 542247.48 31.9 4/8/2014 MICA BLOCKS KOL GERMANY 5740 670923.56 116.9 4/8/2014 MICA (WET GROUND MICA) CHN JAPAN 16000 1013760 63.36 4/8/2014 RUBY MICA SCRAP KOL ESTONIA 144000 4824000 33.5 4/10/2014 MICA BLOCKS KOL RUSSIA FED. 120 712451 5937.09 4/11/2014 MICA POWDERDETL KOL IRAN 200000 1116800 5.58 4/11/2014 MICA SCRAP MUN CHINA 162700 3898175.3 24.0 4/12/2014 MINERAL POWDER MUN MYANMAR 1000 19651.14 19.65 4/12/2014 MICA FLAKE KOL U K 308760 2933798.56 9.5 4/13/2014 MICA BLOCKS KOL TAIWAN 50 8536.33 170.73 4/13/2014 MICA BLOCKS PET BANGLADESH 520 11364.58 21.85 4/16/2014 MICA FLAKES MUN OMAN 153000 1892251.2 12.4 4/17/2014 MICA POWDER KOL S. ARABIA 18000 92293 5.13 4/17/2014 MICA KOL THAILAND 17000 49464.9 2.91 4/17/2014 MICA POWDER KOL POLAND 20000 225410.3 11.27 4/17/2014 MICA SCRAPASPER KOL ROMANIA 25000 894412.5 35.78 4/22/2014 MICA BLOCK CHN BRAZIL 88000 2903600 33.0 4/25/2014 MICA ROUND MUN KENYA 70 30850.77 440.73 4/25/2014 MICA BLOCKS KOL SLOVAKIA 1000 785527.5 785.53 4/25/2014 MICA POWDER JNP PAKISTAN 2000 166155 83.08 Total 2285128.6 47129795.97 20.6 Quartz (other than natural sands) 4/1/2014 QUARTZ GRITS MUN VIETNAM 450000 3362512.5 7.5 4/1/2014 SILICON DIOXIDE (QUARTZ) VIZ MALAYSIA 1369000 11180182.88 8.2 4/1/2014 QUARTZ POWDER MUN VIETNAM 383200 2220062.66 5.8 4/1/2014 QUARTZ SILICA KAN UAE 12000 47486.68 4.0 4/3/2014 QUARTZ POWDER CHN THAILAND 264000 5410442.1 20.5 4/1/2014 QUARTZ POWDER CHN S. ARABIA 5000 14323.87 2.86 4/1/2014 QUARTZ POWDER CHN UAE 5000 14323.87 2.86 4/1/2014 QUARTZ GRITS MUN ITALY 162000 1397088 8.6 4/5/2014 QUARTZ GRITZ MUN BANGLADESH 165000 1378492.5 8.35 4/5/2014 QUARTZ GRITZ MUN IRAN 165000 1378492.5 8.35 4/8/2014 SILICA RAMMING MASS KNA S. ARABIA 1264000 7231619.6 5.7 4/10/2014 QUARTZ LUMPS CHN MALAYSIA 1754000 5852008.7 3.3 4/10/2014 QUARTZ KRI USA 1134000 3769868.8 3.3 4/10/2014 QUARTZ POWDER KOL NIGERIA 1026000 6275971.7 6.1 4/11/2014 QUARTZ SAND MUN UAE 268000 1020264.9 3.8 4/11/2014 QUARTZ POWDER MUN TANZANIA 54000 240791.4 4.46 4/11/2014 QUARTZ POWDER MUN USA 54000 240791.4 4.46 4/11/2014 QUARTZ SILICA MUN UAE 3176000 12655464.72 4.0 4/11/2014 SILICA QUARTZ POWDER MUN MALAYSIA 222000 1503716 6.8 4/12/2014 QUARTZ POWDER KOL KENYA 172000 2401890.72 14.0 4/12/2014 SILICA RAMMING MASS KOL SRI LANKA 54000 340136 6.3 4/12/2014 SILICA RAMMING MASS KOL KENYA 54000 340136 6.3 4/15/2014 QUARTZ LUMPS CHN OMAN 172800 1443918.8 8.4 4/16/2014 QUARTZ POWDER CHN ITALY 40000 605089.5 15.13 4/16/2014 QUARTZ POWDER CHN JAPAN 40000 605089.5 15.13 4/16/2014 QUARTZ POWDER (SILICA POWDER) PET BANGLADESH 800000 3099330 3.9 4/18/2014 BUFF GREY QUARTZITE MUN ITALY 46900 390735.63 8.33 4/18/2014 QUARTZITE MUN ITALY 46900 390735.63 8.33 4/20/2014 QUARTZ POWDER KNA VIETNAM 27650 180785 6.54 4/20/2014 QUARTZ POWDER KNA BANGLADESH 27650 180785 6.54 4/20/2014 QUARTZ MUN OMAN 650000 4619835.02 7.1 4/20/2014 QUARTZ POWDER - MICRON SILICA PET BANGLADESH 512000 2328032.3 4.5 4/20/2014 QUARTZ POWDER CHN KOREA 20000 364609.2 18.23 4/20/2014 QUARTZ POWER CHN KOREA 20000 364609.2 18.23 4/23/2014 ARFURANE C POWDER AHM TUNISIA 19500 1274573.02 65.36 4/23/2014 ARFURANE C POWDER AHM MAURITIUS 19500 1274573.02 65.36 4/23/2014 QUARTZ POWDER MUN INDONESIA 216000 1126256.56 5.2 4/23/2014 SILICA SAND MUN MAURITIUS 212000 1950596.92 9.2 4/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.68 4/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.68 4/28/2014 QUARTZ GRITS VIZ VIETNAM 1104000 9192575.52 8.3 4/28/2014 ARFURANE C POWDER AHM MOROCCO 29600 522155.98 17.6 4/28/2014 QUARTZ GRITS MUN OMAN 736000 3752805.64 5.1 4/28/2014 QUARTZITE GRAINS & POWDER REX NEPAL 206000 1146599.98 5.6 4/28/2014 QUARTZ GRITS CHN KOREA 376000 3232624.3 8.6 4/28/2014 QUARTZ CHN JAPAN 3994000 39992520.38 10.0 Total 21530700 146346253.6 6.8 Kaolin and other kaolinic clays 4/1/2014 KAOLIN CLAY/ CHINA CLAY POWDER /KAOLIN POWDER MUN UAE 72216000 78152774.4 1.1 4/1/2014 CALCINED KAOLIN MUN NIGERIA 80000 2134440 26.68 4/1/2014 CALCINED KAOLIN MUN GERMANY 80000 2134440 26.68 4/1/2014 KAOLIN COC NETHERLANDS 24200 313990.68 12.97 4/1/2014 KAOLIN BCK POWDER COC TURKEY 24200 313990.68 12.97 4/8/2014 CHINA CLAY MUN KUWAIT 1008000 6108379.2 6.1 4/8/2014 KAOLIN LUMPS MUN TAIWAN 300000 1384187.6 4.6 4/8/2014 BENEFITS COC CHINA 1000 31006.3 31.01 4/8/2014 CHINA CLAY COC TURKEY 1000 31006.3 31.01 4/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC PHILIPPINES 25000 654476.63 26.18 Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate 4/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 25000 654476.63 26.18 4/9/2014 KAOLIN / CHINA CLAY KAN UAE 20000 80574.9 4.03 4/9/2014 KAOLIN / CHINA CLAY KAN KENYA 20000 80574.9 4.03 4/10/2014 KAOLIN CLAY MUN IRAN 175000 1363250 7.79 4/10/2014 KAOLIN CLAY MUN GERMANY 175000 1363250 7.79 4/10/2014 KAOLIN MUN KOREA 32000 193177.6 6.0 4/11/2014 CERAMIC INDUSTRIES ( KAOLIN LUMPS) MUN IRAN 350000 2329621.5 6.7 4/13/2014 KAOLENE - CHINA CLAY PET BANGLADESH 200530 1915968.1 9.6 4/13/2014 LIGHT KAOLIN JNP MAURITIUS 238325 5618029.92 23.6 4/16/2014 KAOLINIC CLAYS PET BANGLADESH 328000 2597391.3 7.9 4/18/2014 KAOLIN MUN ANGOLA 1120000 10374896 9.3 4/23/2014 KAOLIN PAN JORDAN 40000 416328 10.41 4/23/2014 KAOLIN PAN GERMANY 40000 416328 10.41 4/23/2014 KAOLIN POWDER MUN CHINA 144000 1017978.5 7.1 4/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC OMAN 28000 347966.71 12.43 4/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 28000 347966.71 12.43 4/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC TURKEY 5000 94703.12 18.94 4/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GUATEMALA 5000 94703.12 18.94 4/26/2014 CHINA CLAY MUN KOREA 480000 3146449.9 6.6 4/26/2014 KAOLINIC CLAYS PET BANGLADESH 254000 1633589.8 6.4 4/26/2014 HYDROUS ALUMINIUM SILICATE COC SRI LANKA 58000 681084.44 11.7 4/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GERMANY 775800 10977641.92 14.2 4/26/2014 HYDRO CHLORIDE MUM CANADA 100 522.5 5.23 4/26/2014 HYDRO CHLORIDE MUM GERMANY 100 522.5 5.23 4/26/2014 KAOLIN- (PROCESSED CHINA CLAY) MUN S. AFRICA 532000 4144676.8 7.8 4/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC INDONESIA 240000 4261407.1 17.8 Total 79073255 145411771.8 1.8 Clay 4/1/2014 CHINA CLAY MUN S. ARABIA 236000 1974780.2 8.4 4/1/2014 CHINA CLAY MUN UAE 23000 118389.73 5.15 4/1/2014 CHINA CLAY MUN CHINA 23000 118389.73 5.15 4/1/2014 REFINED CLAY JNP U K 2304 118332.29 51.36 4/1/2014 REFINED CLAY JNP IRAN 2304 118332.29 51.36 4/9/2014 CHINA CLAY PET BANGLADESH 156000 1609939.74 10.3 4/11/2014 FULLERS EARTH POWDER REX NEPAL 80000 364800 4.6 4/15/2014 CALCINED CHINA CLAY POWDER MUN YEMEN 17000 323025.5 19 4/15/2014 CALCINED CHINA CLAY POWDER MUN GHANA 17000 323025.5 19 4/18/2014 CLAY JNP GERMANY 600 1555.52 2.6 4/18/2014 PROCESSED CHINA CLAY COC GUINEA 16000 169736.16 10.61 4/18/2014 PROCESSED CHINA CLAY COC USA 16000 169736.16 10.61 4/23/2014 HYDROUS KAOLIN MUN KOREA 160000 1128280.3 7.1 3/27/2014 CHINA CLAY JNP SRI LANKA 228000 1398488 6.1 4/28/2014 CLAY/EARTH JNP KENYA 120000 1933244.56 16.1 Total 1097208 9870055.68 9.0 Natural Garnet 4/5/2014 GARNET VIZ JAPAN 40000 401555 10.04 4/26/2014 GARNET VIZ MALAYSIA 840000 8275260 9.9 4/16/2014 GARNET VIZ UKRAINE 54000 232702.8 4.31 4/16/2014 GARNET VIZ USA 612000 5947195 9.7 4/16/2014 GARNET VIZ CEI (BALTIC SEA) 784000 5699766.8 7.3 4/22/2014 GARNET VIZ QATAR 840000 8239483.5 9.8 4/22/2014 GARNET VIZ THAILAND 24000 292600 12.19 4/22/2014 GARNET VIZ AUSTRALIA 2122000 20792633.5 9.8 4/23/2014 GARNET VIZ ISRAEL 56000 574750 10.3 4/25/2014 GARNET VIZ UAE 4200000 34596293.8 8.2 4/26/2014 GARNET VIZ CANADA 56000 526680 9.41 4/28/2014 GARNET VIZ EGYPT 224000 2054888 9.17 Total 9852000 87633808.4 8.9 Fly Ash 4/2/2014 PROCESSED FLYASH JNP BAHARAIN 623340 1862761.36 3.0 4/6/2014 FLY ASH MUN UAE 485280 627758.21 1.29 4/15/2014 FLY ASH MUN QATAR 4872000 11865076.48 2.4 4/16/2014 SYNTHETIC ORGANIC MUM BRAZIL 2000 8192.31 4.1 4/16/2014 INSULATING POWDER LUD POLAND 25000 297878.25 11.92 4/17/2014 DRY FLY ASH MUN S. ARABIA 24132120 68803939.8 2.9 4/17/2014 FLY ASH MUN JORDAN 112000 432872.84 3.86 4/20/2014 FLY ASH PIP USA 224050 1101760.54 4.9 4/23/2014 ALUMINA AND SILICA - CERAMIC NAG KOREA 144000 8964288 62.3 4/25/2014 FLY ASH POZZOCRETE JNP EGYPT 2223480 8050149.38 3.6 4/28/2014 FLY ASH MUN BAHARAIN 2016000 5025713.96 2.5 4/28/2014 PROCESSED FLY ASH JNP OMAN 3638780 11636082.64 3.2 4/28/2014 FLY ASH VIZ MALAYSIA 22400 41841.8 1.87 4/28/2014 FLY ASH JNP THAILAND 1000 26799.39 26.8 Total 38521450 118745115 3.1 Alumina 4/3/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP THAILAND 40000 1192429.7 29.81 4/1/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP KOREA 20000 1897280 94.86 4/6/2014 ALUMINIUM OXIDE AHM USA 400 313174 782.9 3/7/2014 ALUMINA TRIHYDRATE ALUMINIUM HYDROXIDE JNP S. ARABIA 968000 17852237 18.4 4/8/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP URUGUAY 22000 391314 17.79 4/9/2014 ALUMINIUM HYDROXIDE AMORPHOUS MUM INDONESIA 110400 4977582 45.1 4/10/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP PAKISTAN 511000 7687384.7 15.0 4/11/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP KOREA 160000 4739146.1 29.6 4/12/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP MEXICO 100000 3482660.8 34.83 4/13/2014 DRIED ALUMINIUM HYDROXIDE JNP GHANA 24750 2237586.79 90.4 4/26/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP JAPAN 160000 3239363 20.2 4/15/2014 ALUMINIUM HYDROXIDE JNP GHANA 3000 371764.5 123.92 4/16/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP SRI LANKA 48000 2181733.8 45.5 4/17/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA) CHN PHILIPPINES 660000 8213040 12.4 4/18/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) JNP MALAYSIA 2068000 26928110 13.0 4/19/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP PAKISTAN 50000 4013503.34 80.3 4/20/2014 ALUMINIUM HYDROXIDE HYD IRELAND 20000 1091200 54.56 4/21/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP MEXICO 45200 6035904.04 133.5 4/22/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN TAIWAN 2156000 25881428 12.0 4/23/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP AUSTRALIA 76000 7028550 92.5 4/24/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP OMAN 40000 790333.5 19.76 4/25/2014 ALUMINA COC SLOVAKIA 400 305196.42 763.0 4/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN INDONESIA 1408000 19036325 13.5 4/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN KOREA 2800000 40535952.5 14.5 4/25/2014 ALUMINA COC GERMANY 150 160201.8 1068.01 Total 11491300 190583401 16.59 Barytes 4/1/2014 MINERAL POWDER MICRON BARYTES CHN MAURITIUS 20400 604758 29.65 4/3/2014 BARITE POWDER - API CHN U K 540000 5110798 9.46 4/1/2014 BARITE ORE KRI USA 98800000 342580952 3.5 4/1/2014 BARITE POWDER CHN NETHERLANDS 7 75.46 10.78 4/8/2014 BARIUM SULPHATE BARYTES CHN SINGAPORE 588000 5618104 9.6 4/9/2014 BARYTES POWDER CHN S. ARABIA 9455000 71367413.1 7.5 4/12/2014 MINERAL POWDER MUN MYANMAR 5000 148550.26 29.71 4/13/2014 MINERAL POWDER MUN TANZANIA 4009000 32037947 8.0 4/15/2014 BARITE POWDER API CHN UAE 810000 4291624.5 5.3 4/16/2014 BARIUM SULPHATE BARYTES CHN INDONESIA 24000 476760.75 19.87 4/17/2014 BARRITE POWDER CHN KUWAIT 1890000 8693214.22 4.6 4/19/2014 MICRON BARYTE BAR SPAIN 2000 77447.3 38.72 4/21/2014 BARITE POWDER CHN BANGLADESH 400000 3961547.4 9.9 4/22/2014 BARITE POWDER CHN VENEZUELA 756000 7257305.66 9.6 4/25/2014 BARITE POWDER CHN MOZAMBIQUE 1125000 8938680.75 7.95 4/26/2014 BARITE POWDER CHN OMAN 3240000 27288976 8.4 4/26/2014 MICRON BARYTER BAR AUSTRALIA 5000 153876.26 30.78 4/26/2014 BARITE POWDER - API CHN THAILAND 5130000 42501623 8.3 4/26/2014 MINERAL POWDER MICRON BARYTE CHN SRI LANKA 27000 715250.25 26.49 4/26/2014 BARITE POWDER TON KENYA 468000 8746650 18.69 Total 127294407 570571553.9 4.5
  • 3. in person August 18-24, 2014 3 ‘Well-constructed, maintained green buildings have many benefits’ What is the objective of Godrej Green Building Consultancy Services? Is it similar to IGBC services? With India witnessing tremendous growth in infrastructure development, the construction sector needs to play a responsible role towards preservation of the environment and move towards sustainable development. This is the main objective of Godrej Green Building Consultancy Services. Green concepts and techniques encompassed in green buildings can help address global issues like handling of consumer waste, water efficiency, and reduction in fossil fuel usage, energy efficiency and conserving natural resources along with enhancing occupants’ health, happiness and wellbeing. Godrej as a corporate has always led by example in environmental domain. Environment management is an integral aspect of the business strategy. We have pioneered the green building movement in India, a unique public-private partnership of the CII, the government of Andhra Pradesh, USAID and the Pirojsha Godrej Foundation. GGBCS has been set up with the vision to serve as a single point solution provider and to facilitate real estate developers and corporates with green building activities in India. For all types of building projects (green as well as non-green), we provide engineering (Mep) design services, green building consulting and third party audit services. The Indian Green Building Council (IGBC) is one of the green building certifying bodies available in India. It provides clients with certification services whereas we provide clients with consulting services in order to achieve the certification. Why is certification more important? How can modern construction methods implement sustainable standards in eco-friendly way? The certifications are based on a set of performance standards for design and construction phases and provide guidelines for design and construction of green buildings. Certificates are an evaluation of all the possible points to apply under the rating system using a suitable checklist and are the most authentic way of ensuring that a building is truly green and sustainable. It is the best way to demonstrate the design efforts and initiatives taken in a project which are truly green. There have been increasing demands for structures that are sustainable, and meet safety, security and environmental considerations. Currently, developers are adopting modern const ruct ion methods like brickless technology and pre-fabricated construction, to name a few. The use of such technologies reduces construction time and costs, and makes projects viable both for the buyer and developer. It further ensures hassle-free construction and replaces commodities like timber, steel, wood, aluminum, etc with specially designed plastic spacers and composite cement boards, and results in rapid construction and more carpet area. They would be 8-10 per cent more expensive compared with conventional technology. But future savings could be higher. What recommendations are made to clients? We advise clients with various cost-effective and innovative strategies Once the GGBCS team is hired, the following steps are involved in getting a building certified: To begin with we conduct a feasibility study for the project with all stakeholders involved with the project to understand the level of rating we can achieve. A roadmap is established for the project team, wherein each team member is assigned different responsibiities and a tentative schedule of deliverables is prepared. Templates are shared with the team members for capturing data. Design inputs with green rating system are provided to architects and the engineering team. Energy simulation is performed to study energy consumptions patterns and select the best possible combination of building materials and equipment for the project. Detailed review every week/ fortnight/month with respective team members for deliverables. Al l the ini t iat i ves are wel l documented, compiled and sent to the certifying body for their review. The certifying body would either grant the certification or ask for more clarifications. Once the clarifications are provided, the certifying body hands out the certification. What is the difference between green and smart buildings? Smart buildings are fundamentally those involving automation that makes managing different tasks hassle-free for people. A smart building is the integration of technologies available for air-conditioning, lighting, fire safety, telecommunications, entertainment, metering, surveillance, access control, etc with various control devices in order to automate them and make life much simpler for the consumer as well as for facility manager. Now a smlart building does not Godrej Green Building Consultancy Services has been set up with the vision to serve as a single point solution provider and facilitate real estate developers and corporates with green building activities in India. Rumi Engineer, Business Head, Green Building Consultancy Services Godrej & Boyce Ltd, in this interview with Remona Divekar, discusses various cost-effective and innovative strategies that help them in meeting green building requirements that help them in not only meeting green building requirements, but also to exceed them. Our expertise has been developed over many years of consulting clients in their journey towards green building certification as well as managing sustainability and energy conservation initiatives at Godrej. Our recommendations to clients include but not restricted to strategies for soil erosion and sedimentation control on site, construction waste management, good thermal insulation for building envelope (façade & glazing), energy efficient air-conditioning and lighting equipment, rain water harvesting, waste water treatment, fresh air ventilation, and many more such strategies that can be adopted in a project. How does GGBCS facilitate with green building certification? We provide consulting services under the IGBC, USGBC (Leed) and Griha rating systems. We do not have any reservations for a particular rating system and use the one that our client wishes to opt for his project. directly imply being an energy-efficient building. Clients may or may not adopt energy conservation measures for a smart building. A green building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier spaces for occupants, as compared to a conventional building. The green building concept is much broader than the concept of smart buildings. How many projects in India have so far adopted the green building concept? How have you ensured compliance and efficiency in 190 such projects? As per the latest figures, the IGBC has 2,570 registered green buildings out of which 493 buildings have been already rated as green. We have been involved with 191 projects out of these 493 are rated projects. As a mandate from our management all Godrej projects go for green building certification. Till date we have received certification for 15 of our projects (includes Godrej Properties projects), and many more are in the pipeline. Regarding compliance to the rating system post certification, it is entirely the client’s call to voluntarily report the savings achieved by the project to the IGBC. Tell us about the cost-effective solutions offered by you that clients can benefit from? Well-designed, constructed, operated and maintained green buildings can have many benefits, reduced costs for energy, water, operat ions and maintenance, improved occupant health and productivity, and the potential for greater occupant satisfaction than standard developments. A green building may cost more up front, but can save money over the life of the building through lower operating costs. These savings may be more apparent through lifecycle assessment (LCA). Cost savings are most likely to be fully realized when incorporated at the project’s conceptual design phase with the assistance of an integrated team of building professionals.
  • 4. INFARRSTUCERTU August 18-24, 2014 4 Rlys to install solar power plants at 200 stations GoI creates panel to examine NHAI note The Border Roads Organization has received forest and environment clearance for constructing 11-km long main tunnel at Baltal on Srinagar-Leh national highway. This assurance was given by the chief engineer BRO at a meeting chaired by Minister for Forests & Environment Mian Altaf Ahmad. The spokesman said the meeting was convened to review the status Centre to build road, rail tunnels in NE, J&K The Indian Railways proposes to install solar power plants of about 8.8 mw capacity at railway stations, railway office buildings and level crossing gates throughout the country under railway funding, said Minister of State for Railways Manoj Sinha. These include provision of 10 KWp solar PV modules each at 200 stations The Ministry of Road Transport & Highways has decided to constitute an inter-ministerial committee to review the note prepared by the National Highways Authority of India (NHAI) seeking an overhaul of the existing model concession agreement to revive private sector interest in the road sector. The model concession agreement is the contract that sets the terms of execution of a project and is signed between the concessionaire and the government, in this case the NHAI. The ministry has decided to In a move to push integrated and comprehensive approach for developing transport network, the Centre wants its agencies to ‘pool’ resources for constructing rail and road tunnels concurrently. This would be the approach for three strategic railway projects in the North-East, which have been identified as top priority projects where key railway project fall in Jammu & Kashmir and Himachal Pradesh. There is also a proposal to synchronize road and rail projects and share studies by both the departments in Uttarakhand. A detailed project under various zonal railways, provision of total 4.05 mwp solar photo voltaic (SPV) on the roof tops of 21 railway office buildings and provision of total 1.3 mwp capacity SPV plants at 2000 level crossing gates. The Railways is also mulling harnessing solar energy by utilizing rooftop space of railway stations, constitute a committee with secretary-level officials from the Road Ministry, the NHAI, the Planning Commission, the Department of Economic Affairs and representatives from a builders’ lobby, said a road ministry official. Vijay Chhibber, secretary in the Road Ministry, will head this panel. The NHAI, which has been working on the draft for a new model concession agreement, made a presentation at the road ministry this week, the officials said. The note prepared by the NHAI has proposed 50-60 changes in report (DPR) is under preparation for nearly 180 km stretch between Rishikesh and Karnprayag in the hill state by Rail Vikas Nigam Ltd. Three out of these four projects fall in the North-East and would cover areas, which have not yet been connected with railways. The fourth project, Bilaspur-Mandi-Manali-Leh stretch, would connect Himachal Pradesh and J&K. The Narendra Modi government has already made it clear to push infrastructure projects in the North- Eastern states and other untouched regions to accelerate development. other railway buildings and land including through the PPP mode. Solar power plants have been provided on top of two narrow gauge trains plying on Pathankot- Jogindernagar route in Kangra Valley section and Kalka-Shimla section on a trial basis, the minister said. the existing model concession agreement. “Provision for revising total project cost jointly with the lenders at the time of financial closure from what was estimated at the time of bidding, withdrawing any waiver of pre-conditions for bidding like getting clearances and providing for specific evaluation of the compensation for developer in case of any change in law affecting income from project are some of the changes that have been proposed,” said an official. Centre identifies 3 projects under Rurban Mission The Rural Development Ministry has identified three projects under the NDA government’s flagship Shyama Prasad Mukherji Rurban Mission, which envisages strengthening rural infrastructure. Earlier, delivering his address, Finance Secretary Arvind Mayaram stressed the need for urbanization of rural areas. Rurban Mission addresses one of the biggest challenges the country is facing – people migrating from rural areas to urban areas. Citing a report, he said, “By 2032, if the rate of migration continues at this rate and the number of cities remains the same, cities would become unbearable because there will be no infrastructure.” He further stated that urbanization of rural areas will protect people from disasters in the next three decades. Rurban Mission aiming to deliver integrated project based infrastructure in rural areas was announced in this year’s Union Budget. The preferred mode of delivery would be through public-private partnership (PPP) while using funds of various schemes. BRO gets eco nod for tunnel project at Baltal Modi dedicates two hydel projects to J&K Centre to pump in 10,000 mw to lift wind energy sector Prime Minister Narendra Modi dedicated to the nation two hydel power projects in Leh and Kargil in Jammu & Kashmir last week. These projects are 44 mw Chutak hydro-electric project in Kargil district and 45 mw Nimoo Bazgo project in Leh district. Modi would also lay foundation stone for the first power transmission line from Leh to Kargil and Kargil to The government plans to rapidly accelerate wind energy generation, adding an ambitious 10,000 mw every year, or five times the total new capacity that came up in the last fiscal, as the Modi government takes steps to reduce India’s dependence on costly energy imports. Wind energy, which had been overshadowed by solar projects in recent years, got a big boost as the government has restored key tax incentives that had helped India emerge as one of the top countries in the world in generating electricity from wind. The government feels that tax incentives coupled with conducive environment will rapidly accelerate wind energy. Originally, the country of the tunnel project and remove impediments affecting its progress. Various aspects of the project and measures needed to be taken to ensure early commencement of work on this prestigious project, which will provide all-weather road connectivity between the valley and Ladakh region, were discussed during the meeting. Srinagar. The 45 mw Nimoo-Bazgo hydro-electric projects is a run-of- the-river scheme to harness the potential of river Indus in the state. The project is designed to generate 239 million units of energy. The Nimoo Bazgo power station is located on river Indus in Leh district of the state and has an installed capacity of 45 mw(3x15 mw). The approval for the project was planned to install 18,500 mw during the 12th Plan period. However, the new government is keen to go faster in wind power capacity addition, to reduce its dependence on imported fuels and increase the share of environment friendly energy resources. Like other power gear makers, Indian wind turbine makers too are facing competition from Chinese counterparts that also offer cheaper finance to the investors in wind energy. With installed capacity of over 21,000 mw, India is the fifth-largest wind power producer in the world after China, US, Germany and Spain. According to the Centre for Wind Energy Technology, India has potential to install over 1 lakh mw of wind turbines. accorded at an estimated cost of Rs 611 crore. However, on account of escalation, statutory charges and higher cost of award, project cost has now been revised to Rs 985 crore. State-run Power Grid Corporation of India is implementing the Leh-Kargil- Srinagar Transmission System for connectivity with Northern Region Grid for meeting demands of the Ladakh region.
  • 5. August 18-24, 2014 5 TECHNOLOGY Waste heat control thru WHR The number of preheater stages in a cement plant has a significant bearing on the overall thermal energy consumption and waste heat recovery potential Waste heat recovery plants offer a reliable supplement to captive power generation in an energy-intensive industry like cement, particularly in an energy-deficient country such as India. ACC Ltd, part of the Holcim group, recently launched its first Waste Heat Recovery (WHR) system at the Gagal cement plant in the north Indian state of Himachal Pradesh. The WHR system harnesses waste heat discharged in the cement manufacturing process as exhaust gases, channelling them into a boiler that runs a steam turbine and converts it into useful electrical energy. The new WHR project generates electricity at a cost that is significantly lower than that of a captive power plant and only a fraction of the cost of grid power. ACC sees the project as an important step in energy conservation and is exploring the possibility of installing similar systems at a few of its other cement plants. High standard sustainable development ACC’s Gagal cement plant i s nestled i n the picturesque mountainous state of Himachal P r a d e s h i n n o r t h e r n I n d i a . Commissioned in 1985, it is the major cement plant in the state, with two production lines – Gagal I and Gagal II – representing a total cement capacity of some 4.4 million tpa. Gagal utilizes power from the state’s grid and from a standby captive DG power plant. The plant pursues a wide-ranging agenda that aspires to achieve high standards o f s u s t a i n a b l e de v e l opme n t in all aspects of its operations – beginning with meticulous hill mining techniques and extending to efficient manufacturing, sound environment management, afforestation and tree ACC Gagal Waste Heat Recovery system control a heat recovery boiler, or heater, and then passed into a turbine that drives a generator. Thermodynamic cycle This is a thermodynamic cycle that converts heat into work (power in this case). Hot exhaust gases are directed into a waste heat recovery boiler where they exchange heat with the working fluid (water) that is converted into high pressure steam, which then expands in the turbine causing it to rotate and produce electricity. The expanded vapor is condensed into a low pressure liquid in the water-cooled condenser and then is recycled back into the boiler to continue the cycle. The system consists of a suspension preheater boiler, air quenching cooler boiler, steam turbine generator, distributed control system, water-circulation system and dust removal system. This is the most common type of WHR system in cement plants and was chosen for the Gagal plant. Organic Rankine cycle This process uses organic fluids. Their inherent ability to evaporate at low temperature and yield good levels of condensation allows these fluids to deliver considerable energy during their expansion in the turbine. Rankine Kalina cycle This is a relatively new concept in heat recovery and power generation, which is a thermodynamic process for converting thermal energy into usable mechanical power. It uses a working fluid mixture, made up of 70 per cent ammonia with 30 per cent water. This process offers the potential of significant efficiency gains as compared to the conventional Rankine cycle. It is usually more suitable for medium to low gas temperature heat recovery systems. Eco benefits WHR u n i t s s c o r e h i g h l y i n environmental terms and s imul taneous l y of fer several advantages. The primary environmental room energy conservation as they utilize waste heat and do not need any additional fuels to generate electricity. They help conserve fuels and reduce overall carbon emissions. Where they substitute power from an external grid or a captive power plant, there is an additional advantage of reduced fuel consumption and lower CO2 emissions. Since it is based on waste heat, the energy produced is green energy that is equivalent to renewable energy. The WHR at Gagal is expected to lead directly to a reduction of over 44 000 tpa of CO2 emissions. By a rough rule of thumb, it can be said that such units can help reduce up to 25 kg of CO2 per ton of clinker produced. The investment involved in setting up a WHR plant is reasonable. On average, the cost of a waste heat-based power generation plant would fall in the range of $2–2.5 million per mw. Fast expanding market As experienced by ACC at Gagal, the cost of electricity generated by WHR units is cheaper than both captive power and power purchased from an external grid. Encouraged by the Gagal WHR project, ACC has plans to set up similar systems at its other major cement plants in the country in a move towards enhancing energy security. India’s cement sector already has several working WHR plants and undoubtedly such plants will become a feature in this fast expanding market. Waste heat recovery can compr ise an economical and reliable supplement to captive power generation in an energy-intensive industry like cement, particularly in an energy-deficient country like India. In addition, this practice comprises energy conservation and efficiency that helps the cement industry meet its low carbon technology roadmap for the future. exploited. This is the basis of the WHR system deployed at Gagal. Thermal energy consumption Apart from a cement plant’s capacity, the availability of waste heat is directly influenced by process efficiency parameters and other factors. The number of preheater stages in a cement plant has a significant bearing on the overall thermal energy consumption and waste heat recovery potential. The highe r the number of stages, the better the thermal energy consumption, and hence lower the WHR potential. Similarly, the moisture content in limestone, coal, fly ash, slag and other materials used in a plant affect the potential for waste heat recovery as considerable heat would be required to dry raw materials. Again, improvements in plant and machinery efficiencies would offer lower potential for generation of waste heat. Conversion into electricity Wa s t e h e a t g e n e r a t e d i n cement manufacture has proven to be amenable to conversion into electrical energy, provided it is tapped in adequate measure and the temperature is sufficiently high to make the project viable. In a typical Indian cement plant, the potential generation of power from waste heat is estimated at roughly 20- 25 kWh/t of clinker. The process goes through four basic stages: • Heat tapping and extraction • Heat conversion • Heat dissipation • Electricity feed and control Three technologies are recognized as being well developed and effective in the conversion of heat into electricity – using a steam Rankine cycle, an organic Rankine cycle, or the Kalina process. All these technologies involve a pressurized working fluid (water in the case of the steam cycle or an organic compound for the organic Rankine cycle) to be vaporized by the hot exhaust gases channeled through benefit of the WHR power plant is to produce electric power without burning any additional fossil fuel or contributing any additional greenhouse gas (GHG) emissions. These systems play a vital role in K N Rao Director, Environment & Energy Conservation R Nand Kumar Vice President, Corporate Communications, ACC Ltd (Inputs: Navneet Chauhan, Sr. General Manager Operations, ACC Gagal, and Dominic Fernandes, General Manager Energy & Environment, ACC Ltd.) Waste Heat Recovery system turbine of 7 5 mw capacity plantation, waste water treatment, as well as an array of community development and social volunteering activities. Most of the cement that Gagal manufactures comprises fly ash-based Portland pozzolana cement which reduces carbon emissions. Gagal also promotes the use of alternative fuels and raw materials. Useful electrical energy A few months ago, ACC Ltd launched its first WHR system at the Gagal cement plant. This marks an important step in energy conservation for the company, as it is the company’s first WHR plant and also the first such project in the state of Himachal Pradesh to deploy WHR technology. To put it briefly, a WHR system harnesses waste heat discharged in the manufacturing process as exhaust gases, and channels these gases into a waste heat boiler that runs a steam turbine and converts it into useful electrical energy. The newly commissioned WHR unit, set up at a cost of about $16 million, can generate about 7.5 mw of electricity. This supplements the output of Gagal’s captive power plant. Nantong Wanda supplied the boilers for the project, while the turbine and generator were supplied by Qingdao Jieneng and Shangdong Jinan, respectively. WHR energy at Gagal has proved to be remarkable in several ways – the first of which is that it requires no additional fuel. The cost of generating such energy has turned out to be significantly lower than that of the captive power plant and only a fraction of the cost of purchasing grid power. Energy-intensive process The cement manufactur ing process is energy intensive, requiring very high temperatures in the order of 1400 °C in the kilns. Thermal energy is also used in other stages of the process, including the preheater, during grinding in the coal mill and raw mill and for drying additives such as fly ash and slag. Significant amounts of heat energy are released as exhaust streams in different stages of the cement manufacturing process, chiefly from the kiln exhaust streams, clinker cooler, kiln preheater and pre-calciner. The manufacturing process in Gagal releases about 1,000 tph of waste hot flue gases at temperatures well above 300 °C that are exhausted into the environment. Waste kiln gases exit at about 260-400 °C depending on the number of preheater stages in the plant. The cooler generates hot air of about 200-300 °C and 80-130 kcal per kg. Some o f t h e hot air is used as combustion air in kiln furnaces and elsewhere; the rest of the hot gases are expelled as exhaust into the atmosphere. All these waste gases contain useful energy that can be gainfully ACC commissioned its first Waste Heat Recovery-based power plant at Gagal. Seen here is one of its air quenching chamber boilers.
  • 6. OPRJECST ADEPTU August 18-24, 2014 6 Prime Minister Narendra Modi laid the foundation stone for the Rs 4,000-crore port-based multi-product special economic zone at Jawaharlal Nehru Port Trust (JNPT) at Sheva, Navi Mumbai, on August 16. “ T h e p r o p o s e d i n d u s t r i a l infrastructure in 277 hectares with a total public and private investment of Rs 4,000 crore is planned as a self-sustainable integrated development project hav ing a potent ial of generating 1.5 lakh direct and indirect jobs,” said an official statement. The ambi t ious Se z , to be developed through JNPT-SPV (special purpose vehicle) under the engineering, procurement and construction (EPC) mode, will be completed in three years. With a focus on the collaborating upcoming sectors of India, the Sez will develop a free trade warehousing zone, the engineering goods sector, electronics and hardware sectors, the non-conventional energy sector, multi services (IT and healthcare) sectors, etc. Modi also laid the foundation stone for a port connectivity highway project at the JNPT and allotted land to JNPT project-affected persons (PAPs) under the 12.5 per cent scheme. The statement said the projects have been expedited by Nitin Gadkari, Minister of Road Transport, Highways & Shipping & Rural Development, in the past two months. The port connectivity highway project with a cost of Rs 1,926.57 crore will be completed by December 2017. The Ministry of Shipping has decided to execute this project in the EPC mode through an SPV. The project has been undertaken under the National Highway Development and Port Connectivity Programme. The statement said due to rapid development in the area on account of development of the Jawaharlal Nehru Port, JNPT-Sez, and the proposed international airport, etc, it was felt necessary to augment the carrying capacity of the existing road network to a 6/8 lane configuration by providing improved facilities comprising flyovers, railway over bridges and interchanges for uninterrupted flow of traffic on the road network connecting the port and the national highways (NHs). Accordingly, it has been proposed to develop the road network to 6/8 lane configuration with service roads. The NH-4B, Amra Marg and state highway (SH)-54 was developed to a four-lane facility by the National Highways Authority of India (NHAI) through the SPV comprising NHAI, JNPT and City & Industrial Development Corp of Maharashtra Ltd (Cidco). Adani-GSPC to build `4,500 cr import terminal Adani Group and the Gujarat State Petroleum Corp (GSPC) will set up Rs 4,500 crore LNG import terminal at Mundra Sez in Gujarat by December 2016. GSPC LNG Ltd, a unit of Gujarat government-owned GSPC, on July 24 won approval to become a co-developer of the multi-product Special Economic Zone (Sez), being developed by Adani Ports at Mundra, a move that will help trim cost by Rs 700-800 crore, said an official. Commerce Ministry’s Board of Approvals (BoA) gave nod to GSPC LNG’s proposal to 5 million tons a year LNG terminal together with storage and re-gasification facilities over an area of 28 hectares. “By becoming co-developer, the project will now be entitled to duty-free imports which will help cut costs down by Rs 700-800 crore from the previous estimate of Rs 5,200 crore,” he said, adding that the terminal will be ready by 2016 end. Once they avail duty-free imports, the developers are required to sell a threshold of the produce to units within Sez. The official said the LNG import terminal had previously got environment clearance and will now proceed to finalize a joint venture partner. India Gas Solutions Pvt Ltd, the equal joint venture between the Mukesh Ambani-led RIL and Europe’s second largest oil firm BP, ONGC and the Indian Oil Corp (IOC) have been shortlisted to pick up 25 per cent stake in the project. “Essentially, GSPC is looking at a partner which can bring in LNG or can consume the imported liquid gas,” he said. While BP is a producer and trader of LNG, RIL’s twin refineries at Jamnagar in Gujarat as well as its large petrochemical plants are huge consumers of gas. ONGC also is a big consumer of the fuel. Besides the three, other firms which had expressed interest included Petronet LNG Ltd, Torrent Energy, Japan’s Mitsui & Co and Toyota Tsusho, said the official. GSPC would hold 50 per cent stake in the project while Adani Group would take 25 per cent. The project is to be financed in a debt to equity ratio of 70:30. The terminal capacity would be expandable up to 10 million tons per annum. PM unveils package of `8k cr for roads in J&K Prime Minister Narendra Modi announced a package of Rs 8,000 crore for building of roads in Jammu and Kashmir. Chief Minister Omar Abdullah had flagged the issue during his recent meetings with the Central leadership and the Prime Minister, who was in the state on a day-long visit, announced he will push for the proposal in the Union Cabinet for granting Rs 8,000 crore to the state. Modi said at a public rally, “I assure you that I will soon push in the Union Cabinet Rs 8,000 crore project needed for four important roads in the state.” Omar had last month met Road & Surface Transport Minister Nitin Gadkari and pressed for early completion of Batote-Kishtwar road, Kargil-Zanskar, Domail-Katra road, besides fast tracking the four-laning of Srinagar-Jammu national highway. All these roads of vital importance were in bad shape at some places due to lack of proper maintenance. Oma r h a d a l s o s o u g h t construction of four tunnels in Jammu and Kashmir to link important roads, which included a tunnel at Peer Ki Gali on Mughal Road, a tunnel to connect Singhpora in Kishtwar to Vailoo in Anantnag and two tunnels between Lolab-Bandipora and Sudh Mahadev-Marmat. Held up highway projects worth `50k cr get big push The Centre on August 12 decided to empower states to give forest and mining clearances for road projects, a move set to give stalled highway projects worth Rs 50,000 crore a big push. Government officials said some of the big ticket projects that would benefit include the Rs 2,848 crore six-lane Varanasi-Aurangabad stretch; Rs 2,016 crore six-lane Dhankuni- Kharagpur stretch in West Bengal; Rs 2,388 crore Beawar-Pali-Pindwara stretch and Rs 1,008 crore four-lane Sambalpur-Baragarh stretch in Orissa, among others. Kerala ready to develop Vizhinjam as central project Kerala Chief Minister Oommen Chandy said the state was ready to extend full support for the Vizhinjam International Seaport project if it is developed as a central project. The state government has brought the matter to the attention of the Prime Minister. The matter was recently detailed in a letter sent to the Prime Minister on August 6. The state has written three letters to PM Narendra Modi on Vizhinjam project, said the Chief Minister. At an inter-ministerial meeting chaired by Highways Minister Nitin Gadkari, it was decided that states would soon be able to give permission for mining of sand from dry river beds spread up to 20 hectares. Currently, this limit was five hectares beyond which projects had to be cleared by the Centre. The move would help in addressing the shortage of raw material and fast implementation of projects. The meeting was also attended by Railways Minister DV Sadananda Gowda and Environment Minister Prakash Javadekar. The state government wishes to complete the project within three to four years with the support of the Centre. The Chief Minister in his letter pointed out if the Centre had interest in developing a big port along the south-west coast under the jurisdiction of the Ministry of Shipping, Kerala is ready to extend all support in the best possible manner and all possibilities of the Centre’s involvement in the project would be discussed, he said. Adani Ports and Sez Ltd, Srei-OHL “It was also proposed that states will be empowered to clear highway projects spread in forest areas of up to 40 hectareS. Till now such projects had to be cleared by the Centre which more often than not resulted in delays. So far, 80 per cent projects belonged to this category,” said a government official. The Railways Ministry on its part decided that it will waive off land-lease agreement, maintenance and supervision charges that it levies on highway projects coming up on railway land. consortium, Essar Ports Ltd had already bought the forms for participating in the project price bidding and the last date for submission is September 10. The expected cost for the first phase of the Vizhinjam project is Rs 6,647 crore. The empowered institution has recommended sanctioning a viability gap fund for the project; however, the sanction amount has not yet been materialised. Chandy said the project should have a concession period for 10 years. Modi lays foundation for `4,000-cr JNPT Sez
  • 7. August 18-24, 2014 7 INFRASTRUCTURE Making smart cities safer Ultimately, all public safety systems – including human operators, technologies and organisations – have to work seamlessly together for a smart, safer city to function well Imagine a city that operates so efficiently that it improves the quality of life of its citizens, who then work in parallel to boost local economy. A city that comprises a smart economy, smart environmental practices, smart governance, smart living, smart mobility and smart people. A city that gives its citizens access to civic amenities like security, healthcare, transport and cost-effective power supply in real time. Imagine a city so smart that it can enable sustainable development. Seems like a dream doesn’t it? While the idea of a smart city may have been a dream in India a few years ago, today they are a possibility due to resource enhancement, government awareness and active ci t i zen par t icipat ion. Var ious city projects are being planned and some are even underway to offer better quality of life in urban environments. Safety infrastructure But the foundation of any smart city is ‘safety’ of its citizens and resources. Components of a smart city can only work tandem if its social and physical infrastructure is safeguarded from any threats, be it personal or natural. As cities expand and populations grow, they lead to anonymity and prevalence of high threat targets, presenting anti-social groups with several opportunities. Therefore, new infrastructure is required not only to support the growing population, but also to manage the increased pressure they add to the city’s natural resources. The 26/11 terror attack and 2005 mega floods in Mumbai highlighted some key loopholes in the security and safety infrastructure of the city. Thus there is stringent need for emergency services, law enforcers, corporations and individuals alike to cooperate and address the ever-growing need for security and safety. Further, intelligent management integrated with information and communication technology (ICT) and active citizen participation can also drive the creation of smart and safe cities. Smart cities can enhance public security by deploying networked security systems across several entities, to optimise the necessary response from detection to action. Vast communication and sensor networks across cities, enable law enforcement and other government agencies related to citizen safety to gather greater quantities of data; interpret them and react effectively. Greater interoperability allows technologies and networks to be linked and advanced analytics provides departments with the data they need to make effective decisions on time. This is driving change to the way major cities across the world evaluate their security requirements. Further, natural disasters are a major threat to safety and first response is critical to the success of smart and safe cities. With cities being susceptible to natural disasters, advanced information and communication systems must be deployed in order to minimize casualties and economic loss. Ultimately, all public safety systems – including human operators, technologies and organisations – have to work seamlessly together for a smart, safer city to function well. Part of sustainable society NEC, one of the world’s leaders in the integration of IT and network technologies, envisions smart cities as part of a sustainable society in which people live, work, and play in safety and comfort while also coexisting in harmony with the environment. NEC has been working with governments across the globe to design and roll out systems that take advantage of info com technologies to transform the lives of citizens. With solutions ranging from immigration control to emergency and disaster management, NEC has established safer cities for more than 480 customers in over 30 countries, in Asia-Pacific, Latin America, Europe and the United States. I n I n d i a , NEC i s wo r k i n g closely with the Central and state governments to understand the need of utilizing technology for tackling governance challenges and making a smart city safe. Today, NEC offers a variety of solutions including the biometrics, fingerprinting technology for police and forensics departments in India. Security format In terms of personal security, NEC offers Automatic Fingerprint Identification System solutions to the SCRB (State Crime Records Bureau) of three states. The technology helps the police collect, digitize and match criminal records faster. Another key project that NEC is working on in India is the biometric de-duplication of records for Aadhar -- a unique identity card that has been provided to every citizen in the country. The card has key data pertaining to the individual user and is slated to become the sole card to identify them. Currently, there are no means to identify an individual because of various cards that are provided by the government. These include PAN card, ration card, LPG card, driver’s license card, etc, which differ from state to state. NEC’s technology used in Aadhar programme has provided a standardized identification format for all individuals throughout the country. The card also has biometric templates of the user, which will eventually be used for logical and physical access for various facilities across the country. NEC also has a longstanding relationship with the Karnataka state police and has been working with them since 2002, providing them NEC’s Automatic Fingerprint Identification System (AFIS), which has helped increase conviction rate in the state remarkably. In the banking sector, NEC has been working with a consortium of public sector banks for dual factor authentication. NEC also offers Face Recognition System (FRS) for some states that can not only track movements of people, but also identify and live stream records of criminals who might be creating mischief. Gathering info in emergency For di sas ter management , NEC has solutions that cover the various sensors needed in gathering information on disasters and emergencies, such as surveillance cameras, water level sensor, rain gauges, and seismometers and provide intelligence to analyse, assess and alert relevant authorities in timely fashion. NEC is pioneering such approach with innovative IAC (Inter-Agency Collaboration) product line. Political will Surely, technology alone does not solve problems. Leadership, foresight and political will are some of the other key attributes that contribute to a safe city. As technology advances, citizens too have to be comfortable with the privacy issues involved in data being collected, shared and processed by the relevant authorities. Ultimately, governments and city authorities will have to evolve in their planning and decision-making, as cities become bigger. With the right innovation tools, city planners can build capacity and translate all the information coming through their feeds into action. Substantial investments made in human and social capital along with technology (communication inf rast ructure) wi l l fur ther fuel sustainable economic development and increase the quality of life. This combined with an active participatory governance will hence make a city smarter and safer. November 25–28, Shanghai SHANGHAI NEW INTERNATIONAL EXPO CENTRE Andrew Chi Head, Public Safety Solutions, NEC India Save money – register online 7TH INTERNATIONAL TRADE FAIR FOR CONSTRUCTION MACHINERY, BUILDING MATERIAL MACHINES, CONSTRUCTION VEHICLES AND EQUIPMENT www.bauma-china.com baumaCH14_Besucher_260x180_E.indd 1 29.07.14 13:49
  • 8. real estate August 18-24, 2014 8 Buyer’s guide to green homes The overall benefits of green buildings depend on the extent to which sustainable features are included during the initial planning and design emission of greenhouse gases during the lifecycle of resultant buildings. On an average, buildings consume about 20 per cent of the total energy available in a country, and this trend is increasing with every passing day. Sustainable solutions Mounting concern for environmental impact of real estate has necessitated formulation of sustainable solutions. This has led to the advent of sustainable real estate and related ‘green homes’ concepts. At its basis, sustainable real estate is all about using resources sustainably and addressing demands of the present without compromising the ability of future generations to meet their own needs. Green housing or eco-friendly homes are an integrated approach towards minimizing adverse effects of construction and its operation on the environment and promoting healthier living for people. It has been The tremendous rate of real estate development across the globe, and especially young, emerging nations, is imposing immense pressure on the environment and its natural resources. With such a rapid development, there is a lot at stake when we look at important factors such as energy availability and environmental sustainability. The real estate sector is one of the major contributors to global warming due to extensive pollution during the construction process as well as Challenge to affordable The factor of high construction costs continues to be at odds with the new government’s focus on providing housing for all by 2022 housing the construction and infrastructure sectors with additional allocation to infrastructure projects in the recent budget. However, sizeable budgetary allocations are nothing new in the Indian context. Everything looks good on paper until the funds for large projects hit bureaucratic hurdles on the road to implementation. Considering its complexity, clearing the opaque jungle of red tape that has been created in India over the decades is in any case not an easy task even for the most determined government. FDI aspect If viewed from a market-level perspective, Budget 2014 has in fact not delivered any tangible means to reduce construction costs. The cost of construction materials has been increasing at a rate of 15-16 per cent over the past three years, and this has seriously impeded developers’ ability to generate sufficient profits to launch new projects. While this does not significantly impact larger developers who tend Over the past decade, the construction industry has been hit hard by economic slowdowns and extreme market fluctuations. Construction and infrastructure play a significant role in a country’s economy, but rigid contractual policies and very high construction costs (among other factors) have been constricting the growth of this sector in India. Needless to say, growth i n construction and infrastructure will not only result in more connected, streamlined and future-ready cities -- it also means the creation of millions of new jobs and overall growth of the economy. The new government did attempt to provide increased impetus to to launch residential projects for the mid-income and high-income segments of buyers, it is a challenge to smaller developers who typically cater to the needs of home buyers with smaller budgets. In other words, the high cost of construction remains a serious challenge to the affordable housing sector. The factor of high construction costs continues to be at odds with the new government’s focus on providing housing for all by 2022. National-level developers will doubtlessly benefit from the recent budget loosening the norms of foreign direct investment into the affordable housing sector. This is because, thanks to their larger land holdings and financial positioning, they will be able to meet the minimum area norms and capitalization criteria required by the FDI policy. The FDI aspect for affordable housing is more or less geared towards large-scale development undertakings, often involving slum rehabilitation in larger cities. However, the biggest suppliers of budget housing in India have always been smaller players. Because of high land costs, projects launched by these developers tend to be small and therefore of no interest to foreign institutional investors. These low-key developers will therefore not benefit from the relaxation of FDI norms into affordable housing projects, and continue to suffer from ever-escalating construction costs. Glimmer of hope The one glimmer of hope on the horizon is the budget’s allocation of Rs 40 billion towards low-cost housing schemes. However, no clarity has so far been offered on what categories of developers will be benefited, and what the qualification parameters are. This allocation i s basically compensation to the NHAI for the loss it incurs in the process of providing incentives and developers of affordable housing. However, incentivization takes place at a local level and depends on locally-decided parameters. For example, in a state like Gujarat (which already has very proactive policies for affordable housing) the benefits of this allocation will be more uniformly spread across stakeholders. This does not mean that all developers of affordable housing in other states will be equally benefited. Sachin Agarwal CMD, Maple Shelters extensively documented that living in conventional buildings has been working against residents, both in terms of living standards and the cost of excessive energy consumption. The process that governs eco-friendly homes is limiting the use of scarce resources such as water, energy and materials used during construction and occupation. The idea is to incorporate features that make the most of natural resources such as light and water, while reducing heat gain and improving the quality of indoor air. Green buildings not only enhance quality of life but also reduce the cost of living, as these buildings involve significantly lower consumption of energy, water and other resources. Constraints to faster growth The first and foremost constraint for the proliferation of green buildings in India is the lack of information and incorrect perceptions. It is generally believed that green buildings cost more and take a long time to pay back in tangible energy savings. Such a perception leads to lower demand levels from the larger buyer base. In fact, the additional cost factor is rapidly reducing as more and more developers get into the ‘green homes’ arena, since there is increased competition. Also, green homes result in significantly reduced utilities bills right from the start. Also, many developers are deterred from adopting the ‘green mantra’ in their projects because green buildings may involve increased construction costs. They may also find it challenging to obtain necessary technologies, source green building materials and find appropriately qualified architects and contractors in India. Nevertheless, developers are aware that the ‘green wave’ is catching the fancy of more and more home buyers in India and want to get on the bandwagon. Unfortunately, this has resulted in a lot of residential projects which define themselves as ‘green’ without adhering to all mandatory parameters or having obtained necessary certification. The overall benefits of green buildings depend on the extent to which sustainable features are included during the initial planning and design. In some cases, such features can also be incorporated after the building is complete. But the point is that a few green features do not qualify a building as environmentally sustainable. Genuine or wannabe project Because of the increasing interest in this concept by home buyers, many developers have begun promoting projects under the banner of ‘eco-friendly homes’. While many of these projects are indeed accordingly certified by competent authorities, others are merely seeking to get on a popular bandwagon without actually delivering the goods. To ensure that a genuinely ‘green’ residential project is not mistaken for one of the many wannabes, it is important for their developer to obtain accreditation from the green rating systems followed in India. Griha (Green Rating for Integrated Habitat Assessment) is one such system which verifies whether a building has adhered to all the prescribed parameters, and that materials and processes have been used at every stage of construction. Once all the requirements are met, the project is credited as a ‘Green Building’. Check list for green home buyers: Does the project offer ready access to public transportation to reduce the need for private transport? Does it have fixtures that facilitate lower water consumption, and are the systems and fixtures used in common area lighting systems certified as energy-efficient? Does it use solar water heaters and has sewage treatment plants, rain water harvesting and water recycling/ reuse features? Does it feature natural ventilation to reduce the need for air-conditioning? Does it have adequate open spaces and green areas? Does it offer covered car parking? Does it have sustainable waste disposal features? Juggy Marwaha Managing Director, South, JLL India
  • 9. EQEIMNPTU August 18-24, 2014 9 SDLG fleet goes beyond expectations at Indian seaport “Timber comes in var ious categories and can be hard or soft,” explains Keyur Thakrar, the company’s director. “Delicate handling is essential to ensure no damage is caused to the logs. Previously we were using big machines that were cumbersome and it took a long time to load and unload a vessel carefully. So when it came to changing our fleet, we took advice from our local dealer – Sarvajit Construction Equipment (CE) Services – to find a solution.” R Narasimhan, dealer principal at Sarvajit CE Services, advised Thakrar to use a smaller wheel loader and introduced him to the 3 ton SDLG LG938L fitted with a locally sourced log grappler attachment. “It’s as though the machine was perfectly engineered for our site,” Thakrar continues. “It’s able to handle both soft and hard timbers delicately – but importantly, the machines are still quick, reliable and efficient.” Swayam Shipping Services Pvt Ltd handles over 2 million tons of cargo each year at four ports across the state of Gujarat. At the country’s biggest private docks, Mundra Port, the cargo-handling specialist uses a fleet of 10 SDLG wheel loaders to load and unload precious wood shipments. The western state of Gujarat exper iences di ver se weather conditions with mild, dry winters, extremely hot summers (reaching over 49°C) and a wet and humid monsoon season. The climate provides perfect conditions for over 400 species of trees to grow – including the most abundant, neem. Swayam Shipping Services specializes in handling, storing and transporting pine, neem and hardwood timber logs at four ports along the 1,600 km Gujarat coastline using a fleet of five SDLG LG938L and five SDLG LG958 wheel loaders to move cargo for 10 hours a day. The company was founded 20 years ago and has since grown to be one of the region’s major players. And over the years, careful handling of timber has become more important. Atlas Copco cements its position with Oman’s OCC The Oman Cement Company (OCC) and equipment major Atlas Copco have released details of how their long-standing strategic relationship helps to maintain self-reliant nature of the Sultanate’s cement industry. OCC employs an array of Atlas Copco equipment to supply air for its plant and instruments, and to aerate its cement silos. At present, the Omani cement manufacturer uses 16 Atlas Copco GA 160 oil-injected screw compressors; two ZA 6 single-stage, oil-free screw compressors; and a number of ZS 30 rotary screw blowers. Ziad Al Siyabi, Maintenance Manager at OCC, said, “In order to meet our quality commitment, we need committed business partners who are geared to deliver the highest performance and 24/7 support.” “Atlas Copco, over the years, has been able to deliver this through its huge compressed air equipment product portfolio and high-quality service support through its distributor, Bin Salim Enterprises,” he added. Since its establishment in 1983, OCC has formed an important part of Oman’s drive for self-reliance within its core industries. In order to maintain this situation, the company requires equipment that is both reliable and efficient. To this end, OCC has installed the GA 160 units at key locations across its plant. The compressors are able to operate continuously in the toughest conditions and at ambient temperatures of up to 55°C. With screw technology, stainless steel coolers, and AGMA A4/DIN 5 gears, the ZA 6 units have also proven adept at operating in OCC’s dusty cement plant. Moreover, OCC’s ZS 30 blowers, whi ch are used for aerat ion applications inside the plant’s silos, have been shown to reduce energy costs by an average of 30 per cent, compared to conventional methods. OCC has even constructed a dedicated compressor room with dual-filtration screeds to combat the problem of dust; a measure that has helped to increase reliability and reduce maintenance and energy costs, according to Al Siyabi and his colleagues. Commenting on the partnership, Tony Van Herbruggen, Atlas Copco’s Country Manager for Oman, said, “With the success obtained so far at OCC, the Atlas Copco oil-free air team is quite confident about supporting OCC and meeting its high expectations with new, innovative solutions that deliver reliability and energy efficiency.” Beyond the call of duty The 3 t LG938L wheel loader is designed to be agile, productive and fuel efficient, featuring the powerful and reliable German-designed Deutz 6.1 l tier IVi certified engine. The air-conditioned cab with AM/FM radio and USB interface is designed for operator comfort, whatever the weather. The hydraulic quick coupler and in-cab activation switch allows the operator to switch easily and quickly from one attachment to another. While some customers perceive Chinese-made construction equipment to be lower in quality – because of a lower purchase price – Shandong Lingong Machinery Co Ltd (the manufacturer of SDLG equipment) is changing these perceptions by ensuring its manufacturing and design processes are benchmarked against the world’s best to eliminate waste, improve efficiency and deliver the best quality. In addition, SDLG has strategically located parts depots – including a parts warehouse in Bengaluru to shorten lead times as well as an established global dealer network that offers qualified technical support on site, even in the most remote locations. “Sarvajit CE Services really does go beyond the call of duty to ensure our machines are kept up and running,” Thakrar explains. “Our first challenge we presented to them was our requirement for a full fuel tank to last 24 hours at a time – but this was no problem as Sarvajit ensured we had a fuel tank extension fitted. The company listens keenly and takes time to understand our business needs. But best of all, they live up to – and even exceed – our expectations in terms of sales and service support.” The five LG938L wheel loaders have been in operation at the Swayam Shipping Services’ site for 16 months and have racked up over 16,000 operational hours between them. Thakrar confirms that they’ve experienced zero defects – whereas other brands of equipment have frequent faults. In fact, he has been so impressed with the performance of the SDLG wheel loaders, he’s taken delivery of five more SDLG 5 ton LG958 wheel loaders. MAN to showcase efficiency technologies at IAA 2014 MAN Truck & Bus has announced it will showcase its latest efficiency technologies at IAA Commercial Vehicles 2014, Hannover, Germany. The German vehicle manufacturer will use the Hanover event as a platform to unveil its latest engines, with top-of-the-range 640 hp TGX D38 truck as its centrepiece. With 19 trucks on its stand and on display, MAN will be the second-largest exhibitor at this year’s show. “Consumption efficiency goes hand in hand with our goal of reducing CO2 emissions,” commented MAN in a press release detailing its plans. “The new TGX EfficientLine has all of the efficiency technologies on board, most notably the EfficientCruise GPS Tempomat and the TopTorque torque enhancer for fuel economy. In the TGX EfficientLine, designed with consistent fuel economy in mind, MAN has the most successful model on the market. Since its market launch in 2010, more than 27,000 customers have chosen the EfficientLine models and packages,” added the manufacturer. TEE to unveil recycling kit at RWM 2014 Terex Environmental Equipment (TEE) has revealed details of the units that it intends to showcase at this year’s Recycling & Waste Management Exhibition (RWM 2014). The TEE products to be displayed at the event include TRS 550 recycling screen and TDS 825 low-speed shredder. It will also use the show to provide further details of its move away from a North American-based distribution system towards global strategy. TEE’s business line director, Martin Dummigan, said, “As part of the TEE business development, we have focused on expanding our distribution and product strategy into what we believe is a position of strength in the current marketplace.” “We have made, and continue to make, significant investment in Terex Environmental Equipment, which includes product development, investment in facilities globally, and team-member resource,” he added. The TRS 550, which features Spaleck technology, is a two-deck, high-performance recycling waste screen designed and manufactured in Germany. The TDS 825 shredder, meanwhile, can be used for a diverse range of tasks, including applications within the fields of bio waste, municipal solid waste (MSW), construction, and demolition. According to Dummigan, TEE has received renewed interest from the market of late, and the manufacturer hopes to capitalize on this momentum with its new products. “Since the appointment of our international sales director, Conor Hegarty, we have received significant interest in our products from the rest of the world,” he explained. “This is from both potential dealers and prospective new customers. We are delighted with our current aggressive product development strategy, which will see TEE taking a truly global approach in the wood processing, biomass, and recycling industries.” RWM 2014 will take place at the National Exhibition Centre (NEC) in Birmingham, UK, from September 16 to 18. SDLG LG958L wheel loader handles timber logs at the Mundra Port in Gujarat Terex
  • 10. August 18-24, 2014 10 requisite permissions, particularly the EC, from the competent authority. The petition had also sought rest r ict ion on the respondent (Noida) from awarding the tender for the project and a direction to all concerned stakeholders to obtain environmental clearance before commencement of work. The petition had alleged that “while drafting the proposed scheme of the Sports City, the Noida authority has favoured the builder lobby instead of taking care of the environment and thus the claim of the Noida authority to provide world -class Sports City is nothing but an eyewash. real estate Noida Sports City told to get green nod The National Green Tribunal has directed developers of an upcoming project, Sports City, in Sector 150 of Noida, to obtain Environmental Clearance (EC) before commencement of work. A green bench headed by Justice Swatanter Kumar disposed of a petition filed by Mahendra Pandey, which had sought to restrain New Okhla Industrial Development Authority (Noida) and others from awarding tender for the project on grounds that it has no jurisdiction in the matter. The project proponent to whom the tender is awarded, before he commences any part of the project, has to obtain Dubai keen to partner with Gujarat’s Gift City S e v e r a l D u b a i - b a s e d organizations are keen to develop the Gujarat International Finance Tec-City (Gift City) project near Gandhinagar, said state Finance Minister Saurabh Patel. During the visit they met authorities of Dubai International Finance Centre (DIFC), Dubai Multi Commodity Centre (DMCC) and Dubai Metro, with a view to develop Gift City as a global financial hub, he said. An overwhelming response to participate in the development of Gift City, and Gujarat in particular Godrej Properties to develop townhomes in Bengaluru Realty firm Godrej Properties said it will develop townhomes in its township project Godrej Gold Country in Bengaluru. Spread across 1.6 acres, the Mumbai-based company will develop 22 exclusive townhomes, which will be available in sizes from 2,616 sq ft to 3,816 sq ft and at prices starting from Rs 1.7 crore. Godrej Gold Country is a joint development township project, which Godrej Properties is developing in shows the confidence being posed in India by Dubai. The authorities of these organizations shared their experience of developing DIFC and DMCC and they also agreed to exchange information with Gift officials. It said the organizations also agreed to enter into MoU t o collaborate in the development and promotion of Gift and has shown keen interest in the International Financial Services Centre (IFSC) in Gift City. Koramangala realty sector bracing for ‘achche din’ Stabilisation in property prices and slew of initiatives announced for real estate sector in Union Budget have given a boost to the sector, reports Shivendra Kumar Singh. Koromangala real estate market is bracing up for a favourable period with expectations of market picking up both in residential and commercial space. Koramangala, which has always been a prime real estate market in Bengaluru, is beginning to generate a lot of response, especially in the residential sector, said experts. The reasons being cited are the stabilization in property prices and a slew of initiatives that were announced for the real estate sector in this year’s budget. Dinesh Reddy, a Bengaluru-based developer, said, “There is a lot of inventory in Koramangala which has brought down prices because the demand was not that great till some time back. But it is a prime market and a lot of development has already taken place. Many projects have completed or are nearing completion, so an investment there would be a good buy.” Reddy is proprietor of Prodaacon Promoters and has projects in north and north-east Bengaluru. The situation is improving in entire Bengaluru, maintained the players and that it will have a trickledown effect in Koramangla. Rajiv Talwar, MD at DLF said, “The situation will improve now. Bengaluru overall has been a very important real estate market in the country. DLF has two projects in here.” Aadhar Housing to disburse `600 cr loans in FY15 Mumbai-based Aadhar Housing Finance is looking at fresh loan disbursements to the tune of Rs 600 crore this fiscal for affordable housing, including to those from lower income group across Gujarat. These plans are in accordance with the state government’s plans to construct 22 lakh new homes in the next four years. Harshil Mehta, MD & CEO, said the company’s loan portfolio is expected to grow to over Rs 1,000 crore by the end of this fiscal. “While new loans will be to the tune of Rs 600 crore, our portfolio size would be over Rs 1,000 crore,” he added. “Gujarat is a high-potential state for low-cost housing with the state government recently introducing the affordable housing policy and that is why we decided on moving this van office to give freedom to common man from rented homes,” he said. Top real estate firms vie for Crompton plot in Mumbai Several top real estate developers are in the hunt for a 24.5-acre parcel of land in suburban Mumbai being sold by its owners, Crompton Greaves Ltd, for around Rs 1,000 crore. Runwal Group, Lodha Group, Oberoi Realty, Mahindra Lifespace and Kalpataru have been shortlisted as potential buyers, with Runwal Group leading the deal. There is no formal bidding and the deal is happening through private negotiations. All the parties have submitted their prices and conditions. The board (Crompton Greaves) will take a call on the buyer, said a source. The land, which is used for industrial purpose, is located in Kanjurmarg that is dotted with residential projects, but is also an upcoming commercial office area. As of March 2014, Crompton Greaves’ total consolidated debt was Rs 2, partnership with former actor Fardeen Khan and Laila Khan Furniturewalla. These townhomes are designed on the principles of sustainability. The project w i l l use eco-friendly materials and will integrate envi ronment-sensi t ive passive architectural solutions to minimize carbon emission associated with development. These homes are designed to offer residents a world-class lifestyle. 395.99 crore. The Crompton Greaves deal is only the latest of several such acquisitions this year in Mumbai. Oberoi Realty bought Tata Steel’s 25-acre land parcel in suburban Borivli for Rs 1,155 crore this year. In June, the late nuclear physicist Homi Bhabha’s iconic bungalow in south Mumbai’s Malabar Hill was auctioned by the National Centre for the Performing Arts (NCPA) for Rs 372 crore.