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Granite, the US-based infrastructure company has landed a $160m contract from Upper Trinity Regional Water District for work on the Leon Hurse Dam project in Ladonia, Texas. The project, a part of Lake Ralph Hall project is claimed to be one of the state’s biggest water projects in the last 30 years. Upon completion, the project is expected to supply 45 million gallons of water per day to people in Collin, Denton and Fannin counties. Granite has a long history of collaboration and experience working on complex dam projects in Texas and across the U.S. “Granite’s work on the Leon Hurse Dam will continue our role of constructing important dam structures and water resource projects in Texas.” Granite regional Vice President, Matt Shepherd said.
NBCC (India) Ltd., a state owned construction firm, issues a statement saying it has bagged a contract worth about ₹597 crore in Uttarakhand. The work order has been awarded for comprehensive design, engineering and project management consultancy (PMC) services for construction and development of infrastructural facilities in the main campus of National Institute of Technology, Uttarakhand at Sumari (Pauri Garhwal). “NBCC is the Project Management Consultant for this project of the value ₹596.75 crore,” the company said in a regulatory filing.
The mining and construction equipment industry is likely to grow by 15-20% in the calendar year 2021, said ICRA. The first quarter of 2021 is estimated to have reported a strong equipment demand growth of 45-50%, ICRA said in a statement. “Following a 10-12% contraction in CY2020, dragged down primarily by the 39 % decline in H1 CY2020, the mining and construction equipment (MCE) industry is poised to grow by 15-20 % in CY2021 (5-10% in FY2022),” it further added. Support to ICRA’s equipment demand estimates originates from the GoI (Government of India) continuing its Build India’ momentum to counter the economic slowdown and the ample liquidity in the ecosystem. Tailwinds from any pick up in state capex, compared to the pullback in FY2021, and strong construction activity picking up in other sectors like ports, metros, and airports, could aid demand.
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