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Archive for the 'Others' Category

Bharat Biotech of Hyderabad selected to develop the Biotech-Pharma-IT Park in Bhubaneswar under PPP

Bhubaneswar- Cuttack- Puri, BioTech, Pharma, IDCO, Investment Regions, IT, IT, Back office, BPO, Khordha, Odisha govt. action, Others, PPP chitta 1 Comment »

Following is from a report in livemint.

… Bharat Biotech International Ltd, a producer of vaccines and biotherapeutics announced that the Orissa government has selected the company as the developer for its ‘Biotech-Pharma-IT Park’ project under public-private-partnership (PPP) mode.

The proposed industrial park is coming up on a 54.86 acre land located at Mouza-Andharua in Bhubaneswar.

BBIL will promote a Special Purpose Vehicle (SPV) to undertake the integrated industrial park. The project is estimated to cost Rs100 crore and is slated to be complete in eight years, a press release issued here stated.

“Our task is to focus on rapid development of this park by developing core infrastructure and technology to enable establishment of new companies whereby new local entrepreneurs in the biotechnology field will be created,” BBIL Chairman and Managing Director Krishna Ella said in the release.

About 10 acre land, within the park, is earmarked for development of biotechnology incubation centre, which will be funded by Department of Biotechnology, Government of India, for the equipment or instrumentation.

A formal lease-cum-development agreement will be signed between the SPV and Orissa Industrial Infrastructure Development Corporation (IDCO).

The Orissa government and IDCO, in principle, have agreed to provide all the external infrastructure facilities like power supply, water supply among others, the release added.

Maytas and Orissa

Aluminium, Anil Agarwal, Jharsugurha, Jharsugurha- Brajarajnagar- Belpahar, Others, Satellite and Residential townships, Thermal, Vedanta chitta Comments Off

Following is extracted from a report in sify.com.

Maytas Infra Ltd (MIL) is an infrastructure development, construction and project management company with more than two decades of experience in execution of complex & challenging landmark projects across the country. The company recently forayed into segments such as airports, seaports, oil and gas pipelines. MIL plans to diversify into new verticals like mining and related activities, manufacture of construction material and providing advisory & consultancy services.

… MIL’s new projects include railway siding project for Vedanta Industries in Orissa, Chennai MT Project & Hyderabad MRTS project.

… Its current projects include Vedanta Aluminium’s, Residential Township in Orissa worth Rs. 232.7 crore …

… MIL in JV with other firms is currently working on setting up 464MW Gas based Gautami Power project in AP, 100MW Sorang Hydro Power Project in Himachal Pradesh, 300MW KVK Nilachal thermal power project in Orissa and 56MW coal washery reject based SV Power project.

Sarovar Premiere 4-5 star hotel to come up in Bhubaneswar: Vipul infrastructure to build it

Bhubaneswar- Cuttack- Puri, Hotels and resorts, Khordha, Others chitta Comments Off

Update on March 25 2009: Pioneer reports:

The Sarovar Hotels and Resorts announced the signing of a hotel in the 4-5-star category at the Sarovar Premiere here. The hotel with 150 guest rooms and all modern services and facilities will be located at Nayapalli. Commenting on the signing, hotel’s managing director Anil Madhok said, “With the increase in the number of business and leisure travellers in the city, we are pleased to offer accommodation of international quality for them.” The hotel will have five star services, multiple dining options, extensive meeting and banquet areas as well as a health club and spa.

Following is an excerpt from a news report in dnaindia.com.

Gurgaon-based Vipul Infrastructure Group is set to board the hospitality train. The company’s hotels division, Vipul Hospitality, has signed a memorandum of understanding with leading operator Sarovar Hotels and Resorts to open five new hotels, to start with.

Vipul Hospitality will invest and own the hotels, while Sarovar will provide technical assistance right from inception to completion besides managing and marketing the hotel operations.

The overall investment in the initial five projects is estimated at over Rs 500 crore.

Ajay K Bakaya, executive director, Sarovar Hotels and Resorts told DNA Money that a number of these hotel projects will also have retailing component.

“Out of the five sites being identified jointly, at least four will be mall-o-tels. Going forward, we will be working together with the realty partners in identifying more locations. All the current and future projects will be operated and managed under Sarovar’s bouquet of brands,” said Bakaya.

The upcoming hotels in Amritsar, Bhubaneswar and Raipur will be branded under Sarovar Premiere, the Mohali property will be a Sarovar Portico and the one in Siliguri will be branded as Park Inn.

Each hotel will have a room inventory of 100-150 rooms in addition to food and beverage, banqueting and conferencing facilities.

One of the pioneers in the Indian mid-market hospitality segment, Sarovar Hotels has grown rapidly since its first hotel opened in 1994.

The hospitality company currently manages 35 hotels across the country under the brands Sarovar Premiere, Sarovar Portico and Hometel, besides Park Plaza and Park Inn, which are operated under master franchise pact with Carlson Hospitality for India.