Telecommunication Infrastructure Company of I.R.Iran (TIC) and Gulf Bridge International Agree to land GBI’s submarine cable in Iran

April 26, 2010 By Leave a Comment

DOHA, Qatar–(Business Wire)–
Gulf Bridge International (GBI), the newly established submarine cable operator
in the region, and TIC in the Islamic Republic of Iran, have agreed to land
GBI’s submarine telecom cable in Iran and signed the Landing Party Agreement on
21st of April 2010.

GBI’s plan to land its telecom submarine cable in Iran aligns with the strategic
plans of TIC of Iran. In addition, this agreement will facilitate onward
connectivity to many central Asian countries including Pakistan, Afghanistan,
Turkmenistan, Azarbaijan, Armenia and Turkey.

The Gulf Bridge International Cable Network is planned to connect Iran with the
Gulf region and the rest of the world, via a reliable, high capacity submarine
fiber optic cable linking the region to India and the Far East via the East
Route and to Europe via the West Route.

Commenting on the landing of GBI’s cable in Iran, Mr. Hamad Almannai, GBI’s
Executive Vice Chairman said “Landing our cable in Iran is part of GBI’s plan
and full commitment toward connecting the Gulf to the whole world with a
reliable cable infrastructure.

Commenting on the landing of GBICS with TIC in Iran, Mr. Mahmoud Khosravi, TIC
Managing Director and member of the Board said “TIC is happy to land GBICS in
Iran which will be a great addition and expansion to Iran`s international
connectivity”.

Designed to operate for 25 years and enter service during 2011, GBI`s cable will
exploit the commercial opportunity provided by the increasing demand for
reliable high-speed telecommunications capacity in the Gulf region. In order to
achieve this, GBI`s cable is designed to meet all current and anticipated future
capacity demands across the Gulf Region, incorporating a design capacity of 5
Terabits per second on certain cable sections.

*Source: ME NewsWire

View this release online: http://www.me-newswire.com/news/1751

About Gulf Bridge International

Gulf Bridge International (GBI) is a private company dedicated to connecting all
the nations of the Gulf region to one another and to the rest of the world,
using the latest fiber optic technologies. The GBI cable will be developed and
owned by GCC investors who are building this strategic infrastructure to serve
the entire region.

For more information visit www.GBIinc.Com

About TIC

TIC is the sole provider of Telecommunication infrastructure to all private and
public operators in the Islamic Republic of Iran. TIC is also the sole
responsible party for all international gateways and IP capacity and
connectivity services in the country.

For more information visit www.TIC.IR

Cohn & Wolfe Public Relations, Doha, Qatar
Krikor Khatchikian, + 974 576 3965
Krikor.Khatchikian@cohnwolfeqatar.com
Media@GBIinc.Com

Copyright Business Wire 2010

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Punj Lloyd gets ”Infrastructure Company of the year” award

March 24, 2010 By Leave a Comment

New Delhi, March 24 (ANI): Punj Lloyd, the global engineering, procurement, construction conglomerate has been conferred the coveted ”Infrastructure Company of the year” award at the Essar Steel Infrastructure Excellence Awards 2010 in association with CNBC TV 18.

The awards aim to capture the spectacular performance of the company and individuals alike.

Speaking on the occasion, Chairman Atul Punj said, “We are delighted to receive the ”Infrastructure Company of the year” award. This is a collective achievement of our entire team. We will continue to build a better world while adopting international construction practices, high standards of safety, and bringing satisfaction to our clients worldwide.”
Punj Lloyd, which has seen robust growth over two decades to emerge as 2.6 billion dollars global conglomerate, has offices in 16 countries and a diversified business portfolio.

Owning a huge fleet of equipment which can be readily mobilized for its global projects, the company recently launched, Kuber, its new pipelay barge capable of laying pipelines in water depths of 150 m.

Kuber is the only Indian flag pipelay vessel, 100 per cent owned and operated by Punj Lloyd.

Maintaining high safety standards at all its project sites, Punj Lloyd was the only Indian company to have been awarded five star rating from British Safety Council for the BTC pipeline. It has received Gold Award for both Environment and Safety from Greentech Foundation, New Delhi. (ANI)

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Fears QR sale may hamper inland rail plans

March 20, 2010 By Leave a Comment

Infrastructure company ATEC says the proposed sale of Queensland Rail (QR) could disrupt plans to build an inland railway.

ATEC and QR are part of a consortium that is finalising plans to build the railway linking the Surat Basin to the Port of Gladstone in the state’s central region.

ATEC chairman Everald Compton says speculation about the sale is disrupting plans to build the railway.

“We’ve spent years getting this far with the track – we can’t let it stop,” he said.

“My hope is that the new owners of QR will approach it positively and we can move forward.

“I can’t see any reason why we can’t go ahead, provided there’s cooperation between the three partners and it continues.”

Mr Compton says the new owners of QR’s coal freight arm may decide not to go ahead with the project.

“What we want to make sure of is that whoever winds up owning QR has got the same commitment to complete the line, will make the same investment to do that, will make the time and staff [available] to do that,” he said.

“We’ll still build it, we’ll find another partner and build it, but it’s a bit of an issue.”

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NHPC IPO – NHPC IPO Pirce Band – NHPC IPO price band seen at Rs 30-36

July 25, 2009 By 1 Comment

NHPC IPO – NHPC IPO Pirce Band – NHPC IPO price band seen at Rs 30-36

NEW DELHI: Virtually flagging off the government’s disinvestment effort, the empowered group of ministers (eGoM) on Friday met to finalise the price band for NHPC’s initial public offering (IPO), which will happen simultaneously with the disinvestment process. The eGoM has suggested a price band of Rs 30 to Rs 36.

The lead managers for the offer — Enam Securities Private, Kotak Mahindra Capital Company and SBI capital markets — had suggested a price band of Rs 25 to Rs 30. The disinvestment by the government will piggyback on the IPO, as was the case with NTPC several years ago. The response to this entry into the capital markets will be closely watched as the government’s future disinvestment plans will be determined by it.

The public sector infrastructure company will issue 10% of its new equity shares in the public offer while the government will divest its 5% stake in the company. NHPC plans to raise Rs 1,670 crore fresh equity through the IPO and plans to bring 167 crore shares of face value of Rs 10 each, which would be offered at a premium to be decided through book-building process.

The group, comprising finance minister Pranab Mukherjee, power minister Sushilkumar Shinde and deputy chairman, Planning Commission, Montek Singh Ahluwalia, were constituted to fix the price band. Proceeds from the NHPC issue are expected to be moved to the National Investment Fund (NIF), since it is unlikely that the Cabinet would have taken a decision on the fate of NIF by the time proceeds from the offer come in.

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Andhra industry fears losing Krishna-Godavari basin gas

July 7, 2009 By Leave a Comment

Hyderabad, July 6 (IANS) The national gas grid proposed in the union budget by Finance Minister Pranab Mukherjee Monday triggered fears in the Andhra Pradesh industry that the gas found in the Krishna-Godavari (KG) basin might go out of the state, starving the local units.
An industry leader urged the state government to ensure the requirements of the local industry were met while building a national gas grid.

The finance minister, in his budget speech, said the government proposed to develop a blueprint for long-distance gas highway leading to a national gas grid. “This would facilitate transportation of gas across the length and breadth of the country,” he said.

Y. Harish Chandra Prasad, chairman of the Andhra Pradesh chapter of the Confederation of Indian Industry (CII), said: “We might be starved of the gas found in the KG basin if this gas grid takes shape in next two to three years.

“As an industrialist and an infrastructure company in Andhra Pradesh, I feel that the state government should buck up and do something about this,” he told reporters reacting to the budget.

“We are not opposing the national gas grid but as far as the state industry is concerned we have to think about it. The demand for this gas is here but more demand may be elsewhere and thus the gas might go out. we have to watch out,” said Prasad, who heads Malaxmi Infra Ventures India Private Limited.

“Gas is very important for us. Coal is not very useful as energy. We have underground mining. Coal is going to be very costly here. So what we have is gas. We expected a lot to happen in the state from the gas,” he said.

He pointed out that even the sector wise allocation of gas was in the hands of the central government and the state had to meet requirements for power plants, fertiliser plants and transportation.

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Valecha Engineering wins order worth Rs 136 crores

April 7, 2009 By Leave a Comment

Mumbai-based Valecha Engineering Ltd has informed that it has picked new projects worth Rs 136 crores which includes road resurfacing of runway at Srinagar worth Rs 71 crores and construction of under pass connecting to Dwarka at Delhi worth Rs 65 crores.

Further the company stated in a separate announcement that its Middle-East operations are also progressing well and recently the company has formed a wholly owned subsidiary in the name of Valecha International FZE at Sharjah in UAE.

Valecha Engineering Limited operates as a construction and infrastructure company primarily in India.

Shares of the company gained Rs 0.25, or 0.8%, to settle at Rs 31.55. The total volume of shares traded was 10,946.00 at the BSE (Monday).

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