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Steel & Construction Update: March 2018

Metals: Realizations drive profitability In the December quarter, product prices maintained their uptrend but higher realizations saved the day Real estate: Home sales turn positive though traction is in office space With the implementation of RERA, the emerging clarity and transparency in registered projects is slow but surely leading to an uptick in home sales Infrastructure: Order flows in...

Steel & Construction Update: February 2018

Real estate, natural gas may soon be brought under GST, says Arun Jaitley Arun Jaitley hints at the possibility that the govt may bring cooking gas and real estate under the ambit of GST, to be followed by a similar move with regard to petrol, diesel and potable alcohol Tax implications of circle rate relaxation Currently, property transactions are never valued below their circle rates. Now, if...

Glass Fiber Reinforced Polymer (GFRP) Rebar

Steel reinforcing bars have long been used as a building material for its high tensile strength and durability. However, it has one weakness; susceptibility to corrosion (oxidation) when exposed to water and chemicals that enter into the concrete. As the steel rebar corrodes, it makes the concrete to crack and break, thus leading to openings which initiates further and faster deterioration of...

Steel & Construction Update: January 2018

Steel exports rise 53% on govt measures in April-December 2017 Global trends of steel prices along with steps taken by the government led to a rise in steel exports by 52.9% during April–December 2017, the Economic Survey notes India’s crude steel output hits record 100 million tonnes in 2017 India’s crude steel production rose nearly 6% to hit an all-time high of 101.28 million tonnes (MT) in...

Steel & Construction Update: December 2017

Steel minister asks NMDC to increase iron ore production Union steel minister says in order to achieve a production capacity of 67 million tons of iron ore by 2021-22, the NMDC needs a visible incremental increase in production in consecutive years RERA will rebalance the builder-buyer equation Introduced with the intent of bringing in more transparency in the sector and rebalancing the lopsided...

Steel & Construction Update: November 2017

Govt hikes carpet area for affordable housing, higher demand seen Higher carpet area under the affordable housing scheme could help buyers access bigger, ready-to-move-in houses at lower costs Cement: little relief from GST rate cut on fly ash GST rate on fly ash and fly ash aggregate with 90% or more of fly ash content was reduced from 18% to 5% Govt planning ‘rent a roof’ policy in solar power...

Tunneling Techniques

A tunnel is an underground passage beneath the earth surface. They are built for pedestrians, vehicular traffic, Metro Rail and long distance railways to overcome congestion or shorten long and circuitous overland routes. Tunnels are also built for supply of water or transport of sewerage for treatment. In some engineering structures, tunnels may be needed for transportation of steam, chilled...

Efficient Construction: Need of the Hour

The Economist recently pointed out that the construction industry has not seen much increase in efficiency over a long period of time (). The article highlighted that most construction projects are delayed or go over budget. Even a leading technology firm like Apple saw a delay in construction of its new headquarters in Silicon Valley. The article focuses on many long term solutions, such as...

Steel & Construction Update: October 2017

Steel ministry proposes scrap-based steel plants The steel minister Chaudhary Birender Singh says the govt proposes to set up steel plants with scrap as the raw material, the initiative would result in saving of 65% of iron ore External, infrastructure development charges There are some charges that have to be compulsorily paid by all the home buyers. These include EDC and IDC Renting may not be...

Steel & Construction Update: September 2017

Pre-GST goods can be sold till 31 December: Ram Vilas Paswan As several companies and traders have huge unsold stocks of pre-GST goods, the government extended the deadline to sell them by three months till December-end Govt mulls Rs10 trillion public financing for infrastructure projects Transport minister Nitin Gadkari says the government plans to raise the money in tranches of Rs10,000 crores...

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