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Hyderabad metro: L&T cites cost overruns, seeks Rs 16k-cr aid from TRS

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The first phase comprises 30 km and 24 stations LATEST NEWS  : Larsen&Toubro has sought "additional financial support" from Telangana to cover cost overruns in the Rs 16,000-crore metro rail project that stemmed from delays in its implementation, sources privy to the development said. Prime Minister Narendra Modi is scheduled to inaugurate the first phase of the 72-km project tomorrow, touted to be the world's largest such project on public-private partnership in the sector. L&T Metro Rail (Hyderabad) Ltd, the developer of the project, has sought "additional financial support" from the Telangana government to cover the cost overruns due to delays in projects, leading to an extension of time, the sources said. The cost overruns work out to over Rs 3,000 crore, the sources added. "The company is also learnt to have sought an extension period of two years," an industry source said, adding that any decision is likely afte...

BHEL bags Rs 233 crore order for steam and power generation from RFCL

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State-owned power equipment maker BHEL on Tuesday said it has won Rs 233 crore order for a steam and power generation package from Ramagundam Fertilizers and Chemicals Ltd (RFCL). "Valued at Rs 233 crore, the order has been placed on BHEL for setting up the package at RFCL's fertilizer plant at Ramagundam in Telangana," BHEL said in a press statement. The scope of the contract includes design, manufacture and commissioning of a 32.5 MW Gas Turbine, 125 TPH Heat Recovery Steam Generator, 85 TPH Utility Boiler and Balance of Plant (BoP) Package along with associated auxiliaries on Lumpsum Turnkey (LSTK) basis. Read this: CPEC master plan revealed: It's all about Chinese penetration into Pakistan The equipment for this package will be supplied by the BHEL's manufacturing units at Hyderabad, Vizag, Bhopal, Jhansi, Bengaluru, Trichy and Chennai. The erection and commissioning of the project will be undertaken by the company's Power Sector...

Hyerabad beat Bangalore in IPL opener

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Defending champions Sunrisers  Hyderabad  rode on a solid top order contribution and some disciplined bowling to defeat Royal Challengers Bangalore (RCB) by 35 runs in the opening match of the 2017 Indian Premier League (IPL) here on Wednesday. Asked to bat first by the visitors, Hyderabad posted a commanding 207/4 in their allotted 20 overs at the Rajiv Gandhi International Stadium. In reply, RCB were bowled out for 172 runs in 19.4 overs. RCB  started their chase in explosive fashion as Chris Gayle and Mandeep Singh scored around 10 runs an over in the first five overs. The visitors suffered their first blow when a Rashid Khan delivery found an inside edge off Mandeep's bat before hitting the stumps. They suffered a bigger blow in the next over when Gayle slightly mistimed a shot off Deepak Hooda only to offer a skier to David Warner at long-off. Kedar Jadhav and Travis Head gave RCB a glimmer of hope with a 56-run stand off 31 balls but Ben Cutting prod...