News & Articles from February 2012



MMK Reports 4% Rise in Output

Magnitogorsk Iron and Steel Works (MMK), the Russian steel major reported that finished steel production for the quarter ended Dec 31, 2011 was 10,646,000 tonnes, up four per cent over the comparative period last year. The domestic market is the priority sector accounting for 67 per cent of shipments, a rise of two per cent [...]

Rotating Skyscrapers?

Pre-fabricated elements have helped architects to make taller buildings and even set them up at breakneck speed. And now the same technology is apparently going to be used to create an 80 story building that turns! And not just that; each floor of the proposed structure would rotate independently of the others. The result – [...]

US Real Estate Giant Hines to focus on India, Draws up Rs 1,500 cr Investment Plan

New residential, commercial, warehousing and logistics projects will be at the heart of the Rs 1500 cr investment plan drawn up by US-based real estate giant Hines to expand its presence in India. The company is already developing 865,000 sq ft commercial centre at Gurgaon which has an investment of Rs. 1,000 cr through its [...]

Azerbaijan Building to be World’s Tallest

The increasing use of metal structures in building construction the world over has pushed buildings higher and higher, and not just in the traditional developed economies, or the oil rich countries of the MiddleEast, with the latest entrant being the Central Asian republic of Azerbaijan. Recent reports indicate that Avesta, a company that is developing [...]

Pennar Industries: Q3 Net Sales Rs. 278.7 Crore, EBITDA Rs. 31.1 Crore

Pennar Industries Limited, a specialist in the engineered metal products and pre-engineered buildings segment, has announced Consolidated Net Sales of Rs. 278.7 Crore and EBITDA of Rs. 31.1 Crore for Q3 FY2012. The EBITDA Margins stood at 11.1 per cent. In the PEBS segment, Net Sales stood at Rs. 61.6 Crore, EBITDA at Rs. 6.0 [...]

Twelfth Plan Targets Rs. 3,23,000 cr for Highway sector Spend

The massive investment target of Rs. 3,23,000 cr announced by the government for the 12th Five Year Plan, more than double of the Rs. 1,52,201 cr spent during the previous plan period, is undoubtedly good news for the Indian construction and infrastructure industry. Private sector share in this development is also slated to rise from [...]

Tata Steel Launches Website for Colorcoat Projects

A new project showcase on Tata Steel’s www.colorcoat-online.com is expected to provide those involved in specifying, designing and constructing steel clad buildings, with easy access to the complete range of pre-finished steel products and services offered by the company, as well as expert advice on all aspects of metal envelope design, specification and construction. Emphasising [...]

Steel Bracing Strengthen US Bridges

A number of toll bridges in North California have had their tall piers fitted with steel bracings as part of a seismic makeover, with the Antioch Toll Bridge being one of the last. The seismic retrofit of the bridge consisted of replacing the existing bearings at all 39 piers and at the abutments with seismic [...]

2012 Global Steel Output to Grow by 100 Million Tonnes

An industry body has predicted that world steel production will rise by over 100 mn tones in 2012, with demand coming from new housing and construction projects in the emerging and developing countries, particularly in Asia. According to MEPS (International) Ltd. which published World Steel Outlook, production in 2012 will reach 1670 million tones, a [...]

Funds Crunch Could Hit Pune Growth

The announcement by the central government that it will not commit any further assistance under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to infrastructural projects in Pune because of a funds crunch could affect several key infrastructure projects. Projects that could get hit are the Bus Rapid Transit System, the Mutha river improvement plan [...]