Construction Infrastructure
Tamil Nadu government to offer new cement brand at subsidised rates
The government of Tamil Nadu today launched a low-cost cement called “Amma” to cater to the state’s low- and middle-class customers. The state government price cement at 190 rupees, and these companies sell 50 kilograms of cement in bags at 370-385 rupees.
The state government stated that the plan was launched in Tiruchi and will be extended to other parts of the state before January 10. The state government will purchase approximately 200,000 tons of cement each month from manufacturers and will sell them through 470 inventory locations owned by municipal companies, municipalities, and city hall unions.
Tamil Nadu Cement Company will be the node agency of the plan. On September 29, 2014, the then Chief Minister and Supremo J Jayalalithaa of AIADMK announced the launch of a cement plan under the “Amma” brand. The country has earlier initiated plans under the brands of low-cost canteens, water, salt, pharmacies, fruit and vegetable stores, etc. The schme is named after Jayalalithaa, and her party members generally call her Amma.
Jayalalithaa said in an earlier statement that the plan is to protect ordinary people from the impact of rising cement prices. The state government has decided to purchase 200,000 tons of cement from private companies every month. An official attending the meeting said: “The cement bags that the state government will sell will bear the names of the various manufacturers that supply them.”
News Source : Business Standad
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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