Projects

Large housing projects hit by HC order

Published

12 years ago

November 8, 2012

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The recent judgement of Allahabad high court would affect the housing projects in the areas between Sectors 74 and 79 and Sectors 112 and 119 in Noida.

When thousands of housing units are being developed by at least half a dozen developers in the region, the high court passed a judgment imposing stay on 802 acre of land bringing relief to farmers.

A group of villagers in Noida filed a petition at the court claiming that their lands were wrongly possessed by the administration in 1982. The court asked the district magistrate to appear before it on the next date of hearing.

It is learnt that the court restrained the administration from proceeding in the case. The next date, however, is yet to be fixed and till that time the court has put a stay on 802 acre of land in Noida.

The court also cracked down on the district administration for not complying with the earlier order of categorizing registered and unregistered land in the region.

The court also ordered the administration not to permit anyone to change the nature of the land and also directed it not to interfere in the peaceful possession of land by farmers.

Reports suggest that the case refers to a land deal in which the administration had by mistake acquired the land of farmers who had not sold it.

Projects

Adani Group to invest Rs 55,000 cr in Gujarat projects, including cement plant

Published

3 years ago

October 21, 2021

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Billionaire Gautam Adani announced over Rs 55,000 crore investment in next five years in a clutch of projects in Gujarat including the world’s largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex, envisaging direct employment to 50,000 people.

Adani Group, which operates Mundra port in the state, announced plans to foray into petrochemical business with a Rs 16,000 crore project with German chemical major BASF.

Speaking at the 9th Vibrant Gujarat Summit here, Adani said his group’s investments in Gujarat in the past five years exceed Rs 50,000 crores and “we are further accelerating our investments.”

“Over the next 5 years, our investments will include the world’s largest solar hybrid park in Khavda. The anticipated investment in this park is Rs 30,000 crore. We also plan to establish a 1 GW Data Center Park in Mundra, a one million ton copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated Lithium battery manufacturing complex and expand our Photovoltaic manufacturing capabilities. Overall, we anticipate a total of Rs 55,000 crore of investment in all these projects,” he said.

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Projects

Bangladesh’s Chhatak Cement announces modernisation project

Published

3 years ago

October 21, 2021

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Bangladesh’s Chhatak Cement Co Ltd has announced plans to modernise its facility and convert it from wet process to dry process. The company has begun to prepare a development project proposal, with a schedule to implement the upgrades by 2021.

According to company officials, Chhatak Cement has incurred an accumulated loss of over BDT3.63bn (US$43.25m) between FY13-14 and FY17-18, mainly due to its outdated machinery resulting in loss of production capacity. The plant is currently operating at 70,000 tonnes per annum (tpa).

However, the new project is anticipated to boost production capacity and increase annual company profit to around BDT1bn. The modernisation is expected to be financed by a BDT8.9bn investment from the government, with BDT5.34bn as a loan with a payback period of seven years and the rest as equity, according to The Financial Express.

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Projects

Forced shutdown of Viet-Dung Quat cement plant in Vietnam

Published

3 years ago

October 19, 2021

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The Dai Viet-Dung Quat cement plant has been forced to temporarily shut down in the central province of Quang Ngai due to environmental pollution. Since 26 May, the locals had gathered in front of the plant to call for a shutdown.

Director of Central Region Cement JSC Trinh Van Dien, investor in the Dai Viet-Dung Quat cement plant, said, “We invited an environmental monitoring team to check the dust concentration and the results are safe. The local Department of Natural Resources and Environment hasn?t reached a conclusion on the noise level yet.”

He added, “We?ve had to temporarily close the plant, meaning we”re losing VND300m (US$13,437) and the 100 workers are kicking their heels at home. I don”t know what to do.”

The ground clearance work should have been done this year but the coal-powered plant project was delayed until 2020. As a result, the ground clearance work has also been delayed.

According to the locals, they want to be compensated for the relocation if the plant stays. “We don?t want to stay. We have to move,” local Nguyen Ne said.

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