New Delhi: The Cabinet Committee on Investment has cleared the proposal of the Ministry of Power for setting up of the North Karanpura Super Thermal Power Plant (NKSTPP) (3 x 660 MW) by the National Thermal Power Corporation (NTPC) in the vicinity of Tandwa town, district Chatra in Jharkhand. Safeguards according to the recommendation of the Chaturvedi Committee and accepted by the Group of Ministers (GoM) under the chairmanship of Finance Minister will apply.
The Cabinet Committee on Investment also agreed to restore the original coal linkage for the project. The coal supply would be made available in the 13th Plan.
The project to be set up by NTPC will be on a pit-head with environment friendly super-critical technology. The power will be generated by NTPC for about 35 years of plant life.
Execution of the project would lead to generation of 1980 MW of power. This is the first project of NTPC in Jharkhand which will benefit the state and people of Jharkhand where about 26 percent of the population is tribal.
Success in my Habit
Saturday, February 23, 2013
Wednesday, February 20, 2013
5 Chennai auto-parts makers forge alliance for solar power
Chennai: Five auto component companies in Chennai are getting together to set up a solar power plant in Tamil Nadu.
The Rane group, MM Forgings, Super Auto Forge, Natesan Industries, and Auto Parts have formed a consortium and are scouting for land in Sivaganga and Tuticorin. The solar farm, with an installed capacity of 7 MW, could entail a total investment of Rs 70 crore.
With Tamil Nadu reeling under a severe power shortage, many companies are increasingly investing on other sources of power to reduce dependence on grid feed. MM Forgings, for instance, has invested in 20 wind mills in Theni and Tirunelveli in southern Tamil Nadu.
“Each company today has to be more power independent, and green power is the best alternative. A common power facility will help bring down individual company costs,” says Vidyashankar Krishnan, Managing Director, MM Forgings.
The annual power generation from the common plant will be 105-125 lakh units. A plant of this nature and size requires around 25 acres.
Each company in the consortium will individually own specific assets, depending on its energy requirement. MM Forgings, for instance, is looking at harnessing 2 MW, while Super Auto is looking at 1 MW.
Keen on More Partners
The consortium is scouting for more partners and suppliers. “If more players join in, we could even look at 10 MW generation,” says Krishnan.
Initially, the consortium had looked at a coal-based power plant. “But that has a three-year gestation period. We also don’t know what the price of coal would be at that point of time. So, we decided to go for solar power,” says Krishnan. The gestation time for a solar power plant is five months; solar panels are also available locally, he adds.
The consortium is set to approach the Tamil Nadu Government for clarity on power pricing and the policy on wheeling power to respective plants, particularly during the load-shedding hours. These are expected to be sorted out by end-March. The plant is expected to be commissioned by September.
The Rane group, MM Forgings, Super Auto Forge, Natesan Industries, and Auto Parts have formed a consortium and are scouting for land in Sivaganga and Tuticorin. The solar farm, with an installed capacity of 7 MW, could entail a total investment of Rs 70 crore.
With Tamil Nadu reeling under a severe power shortage, many companies are increasingly investing on other sources of power to reduce dependence on grid feed. MM Forgings, for instance, has invested in 20 wind mills in Theni and Tirunelveli in southern Tamil Nadu.
“Each company today has to be more power independent, and green power is the best alternative. A common power facility will help bring down individual company costs,” says Vidyashankar Krishnan, Managing Director, MM Forgings.
The annual power generation from the common plant will be 105-125 lakh units. A plant of this nature and size requires around 25 acres.
Each company in the consortium will individually own specific assets, depending on its energy requirement. MM Forgings, for instance, is looking at harnessing 2 MW, while Super Auto is looking at 1 MW.
Keen on More Partners
The consortium is scouting for more partners and suppliers. “If more players join in, we could even look at 10 MW generation,” says Krishnan.
Initially, the consortium had looked at a coal-based power plant. “But that has a three-year gestation period. We also don’t know what the price of coal would be at that point of time. So, we decided to go for solar power,” says Krishnan. The gestation time for a solar power plant is five months; solar panels are also available locally, he adds.
The consortium is set to approach the Tamil Nadu Government for clarity on power pricing and the policy on wheeling power to respective plants, particularly during the load-shedding hours. These are expected to be sorted out by end-March. The plant is expected to be commissioned by September.
Japanese MNC KYB Corporation acquires 50% stake in Conmat Systems
Ahmedabad: Japanese company, KYB Corporation acquired 50% stake in Vadodara-based Conmat Systems Pvt Ltd. KYB which made slightly above Rs 100 crore investments to acquire the stake, is investing for the first in India targeting India's Rs 30,000 crore construction equipments market.
Talking to ET, Premraj Kashyap, managing director of Conmat Systems, "The Japanese company not only wants to target domestic market, but also make India its global export hub for construction equipments". Conmat Systems has 60% domestic market share in Canal Concrete Machine and holds 15% market share in Ready Mix Concrete Plant in India.
The Japanese company plans to bring in technology of Truck Concrete Mixer in India, which would be manufactured by Conmat's facility in India. According the company, KYB Corporation is one of the largest shock absorber manufacturers in the world. The 94 year old Japanese company is listed on the Tokyo Stock Exchange, has 34 manufacturing units, 26 sales locations and over 12,000 employees worldwide. It has annual turnover of more than Rs 20,000 crore.
KYB is also the largest truck mixer producer in Japan, having 85 % market share, and has entered into this strategic partnership with Conmat to become a major player in the Global Construction Equipment market, says the Conmant official. According to the company, this strategic partnership will also accelerate Conmat's growth in term of market position, brand building and product portfolio, well supported by Japanese technology, quality and production systems. The new Joint Venture will be used as a global sourcing hub for construction equipment.
Talking to ET, Premraj Kashyap, managing director of Conmat Systems, "The Japanese company not only wants to target domestic market, but also make India its global export hub for construction equipments". Conmat Systems has 60% domestic market share in Canal Concrete Machine and holds 15% market share in Ready Mix Concrete Plant in India.
The Japanese company plans to bring in technology of Truck Concrete Mixer in India, which would be manufactured by Conmat's facility in India. According the company, KYB Corporation is one of the largest shock absorber manufacturers in the world. The 94 year old Japanese company is listed on the Tokyo Stock Exchange, has 34 manufacturing units, 26 sales locations and over 12,000 employees worldwide. It has annual turnover of more than Rs 20,000 crore.
KYB is also the largest truck mixer producer in Japan, having 85 % market share, and has entered into this strategic partnership with Conmat to become a major player in the Global Construction Equipment market, says the Conmant official. According to the company, this strategic partnership will also accelerate Conmat's growth in term of market position, brand building and product portfolio, well supported by Japanese technology, quality and production systems. The new Joint Venture will be used as a global sourcing hub for construction equipment.
RIL, BP to invest Rs 27k crore in KG-D6 block
New Delhi: Reliance Industries Ltd (RIL) and two partners, BP and Niko Resources, plan to invest Rs 27,127 crore ($5 billion) over the next three to five years in the KG-D6 block to develop four trillion cubic feet (tcf) of discovered natural gas reserves.
In a joint statement issued after a meeting between BP Group CEO Bob Dudley, RIL’s Chairman and Managing Director Mukesh Ambani and Petroleum Minister M Veerappa Moily in Delhi today, the two companies said they have promised to speed up the projects, provided the necessary clearance from the government is in place.
The investment includes field optimisation through compression and water handling, which will augment production starting 2014. Natural gas production from the block has now touched a low of 30 million standard cubic metres a day (mscmd).
RIL has a running dispute with the Comptroller and Auditor General of India (CAG) on the scope of its audit of investment made by the partners. CAG had earlier recommended that clearances for making investment should not be granted till RIL provides required access to the statutory auditor.
Indicating a positive response from the ministry for the big-ticket investment, the statement quoted Moily promising taking necessary measures "to fast track these projects and help them attain economic viability”. Besides clearances for its investment plan, the companies are looking for higher gas price from the government. The KG-D6 gas price, currently fixed at $4.2 a mBtu, is considered unviable by the private companies for deepwater gas. The price is due for revision in April 2014.
At current international liquefied natural gas (LNG) prices, 4 tcf of natural gas would cost more than $50 billion to import this volume of gas into India, said the statement. “We will bring all our expertise in deep water to explore the prolific gas basins in India and BP looks forward to a rewarding and successful exploration programme in the coming years,” said Dudley in the statement.
Dudley is part of the trade delegation accompanying British Prime Minister David Cameron. “BP is already the largest single British investor in India and the decision to join forces with Reliance Industries to invest $5 billion in the next few years into India’s gas markets reinforces how two of Britain and India’s leading companies can work together to invest in and supply the energy needs of the future, creating jobs and boosting prosperity," the statement quoted Cameron.
In a partnership with RIL, BP in 2011 took a 30 per cent stake in multiple oil and gas blocks in India, including the producing KG D6 block and the formation of a 50:50 joint venture to source and market gas in India – India Gas Solutions Private Limited. According to the companies, by the end of 2012, fields in the KG D6 block had produced 2 tcf of gas and 22 million barrels of oil, which would have cost more than $35 billion to import into India at current imported crude oil and LNG prices.
In a joint statement issued after a meeting between BP Group CEO Bob Dudley, RIL’s Chairman and Managing Director Mukesh Ambani and Petroleum Minister M Veerappa Moily in Delhi today, the two companies said they have promised to speed up the projects, provided the necessary clearance from the government is in place.
The investment includes field optimisation through compression and water handling, which will augment production starting 2014. Natural gas production from the block has now touched a low of 30 million standard cubic metres a day (mscmd).
RIL has a running dispute with the Comptroller and Auditor General of India (CAG) on the scope of its audit of investment made by the partners. CAG had earlier recommended that clearances for making investment should not be granted till RIL provides required access to the statutory auditor.
Indicating a positive response from the ministry for the big-ticket investment, the statement quoted Moily promising taking necessary measures "to fast track these projects and help them attain economic viability”. Besides clearances for its investment plan, the companies are looking for higher gas price from the government. The KG-D6 gas price, currently fixed at $4.2 a mBtu, is considered unviable by the private companies for deepwater gas. The price is due for revision in April 2014.
At current international liquefied natural gas (LNG) prices, 4 tcf of natural gas would cost more than $50 billion to import this volume of gas into India, said the statement. “We will bring all our expertise in deep water to explore the prolific gas basins in India and BP looks forward to a rewarding and successful exploration programme in the coming years,” said Dudley in the statement.
Dudley is part of the trade delegation accompanying British Prime Minister David Cameron. “BP is already the largest single British investor in India and the decision to join forces with Reliance Industries to invest $5 billion in the next few years into India’s gas markets reinforces how two of Britain and India’s leading companies can work together to invest in and supply the energy needs of the future, creating jobs and boosting prosperity," the statement quoted Cameron.
In a partnership with RIL, BP in 2011 took a 30 per cent stake in multiple oil and gas blocks in India, including the producing KG D6 block and the formation of a 50:50 joint venture to source and market gas in India – India Gas Solutions Private Limited. According to the companies, by the end of 2012, fields in the KG D6 block had produced 2 tcf of gas and 22 million barrels of oil, which would have cost more than $35 billion to import into India at current imported crude oil and LNG prices.
BSE ties up with S&P Dow Jones Indices
Mumbai: The BSE and the S&P Dow Jones indices are now partners. Every index on the BSE, including the BSE Sensex, BSE 200 and BSE 100 will be co-branded ‘S&P’.
S&P Dow Jones Indices is a global leader in providing investable and benchmark indices to the financial markets.
With this, S&P can now calculate, disseminate and licence the whole suite of BSE’s indices.
India now becomes S&P Dow Jones Indices’ fourth major operational hub to support clients globally, after Hong Kong, London and New York.
“We expect our partnership with S&P Dow Jones Indices will help BSE to raise the growing global acceptance of the Sensex and other BSE index benchmarks, and to help BSE achieve a leadership position in the index derivatives space,” said Ashish Chauhan, MD and CEO of BSE.
“This partnership fortifies and expands BSE and S&P Dow Jones Indices’ presence in India and in South Asia, while providing a springboard for our efforts in the ASEAN region with an important exchange partner that understands this critical segment of the market,” said Alexander Matturri, Chief Executive Officer of S&P Dow Jones Indices.
S&P Dow Jones Indices is a global leader in providing investable and benchmark indices to the financial markets.
With this, S&P can now calculate, disseminate and licence the whole suite of BSE’s indices.
India now becomes S&P Dow Jones Indices’ fourth major operational hub to support clients globally, after Hong Kong, London and New York.
“We expect our partnership with S&P Dow Jones Indices will help BSE to raise the growing global acceptance of the Sensex and other BSE index benchmarks, and to help BSE achieve a leadership position in the index derivatives space,” said Ashish Chauhan, MD and CEO of BSE.
“This partnership fortifies and expands BSE and S&P Dow Jones Indices’ presence in India and in South Asia, while providing a springboard for our efforts in the ASEAN region with an important exchange partner that understands this critical segment of the market,” said Alexander Matturri, Chief Executive Officer of S&P Dow Jones Indices.
India-UK CEO forum push for tie-ups in education, infra, defence, power
New Delhi: Corporate big-wigs from top companies in India and the UK on Tuesday had a brain storming session on intensifying cooperation between the two countries. The British side identified infrastructure, education, defence, energy and retail as focus areas.
The India-UK CEO’s Forum led by Tata Group Chairman Ratan Tata and Standard Chartered chief Peter Sands met here to take stock of the current business ties and give proposals to the two governments on how they could be strengthened.
“The CEO’s Forum has made focused, specific, and practical recommendations to enhance partnership between India and UK focusing on trade, institutional linkages in education for research and development and also defence. We will be taking forward its recommendations,” Commerce and Industry Minister Anand Sharma has said.
Other British participants in the forum included Simon Collins from KPMG, Ian Taylor from construction company Balfour Beatty and Mark Walport from charity trust Wellcome.
Indian participants included Adi Godrej from Godrej Group, Sunil Mittal from Bharti Enterprises, Y.C. Deveshwar from ITC and Chanda Kochhar from ICICI Bank.
The UK is India’s third largest trading partner within the EU and the sixteenth largest in the world.
“The British side has shown keen interest to work with India for establishing national manufacturing and industrial zones,” Sharma said.
Two of these investment regions will come along the proposed Bangalore-Mumbai Industrial Corridor which will link up with the Delhi-Mumbai Industrial Corridor.
“We hope that the experience in advanced manufacturing and the technologies that Britain has in diverse sectors, including nanotechnology, aerospace, biotechnology, and life sciences, would be used,” the Minister added.
The CEOs also discussed other areas including education, energy, defence and the retail sector.
“One important sector which I did not mention earlier is energy sector. Those are decisions that would be made (in the energy sector),” Sharma said. A number of British companies in the energy sector including British Petroleum, Cairn and Powergen have made investments in India.
On retail, the Minister said that British companies were interested in entering the segment and while the CEO’s Forum was not a forum to make business propositions, he had fruitful meetings during his recent UK visit.
India liberalised foreign direct investment in the retail sector, both single-brand and multi-brand, recently.
“When I was in Davos, and recently in London, the Chairman of Tesco had met me which was followed by a meeting with the CEO. We hope that there would be proposals, but these will be their decisions,” he said.
The UK-India CEO’s Forum was established two years ago and brings together businesses in both countries.
The India-UK CEO’s Forum led by Tata Group Chairman Ratan Tata and Standard Chartered chief Peter Sands met here to take stock of the current business ties and give proposals to the two governments on how they could be strengthened.
“The CEO’s Forum has made focused, specific, and practical recommendations to enhance partnership between India and UK focusing on trade, institutional linkages in education for research and development and also defence. We will be taking forward its recommendations,” Commerce and Industry Minister Anand Sharma has said.
Other British participants in the forum included Simon Collins from KPMG, Ian Taylor from construction company Balfour Beatty and Mark Walport from charity trust Wellcome.
Indian participants included Adi Godrej from Godrej Group, Sunil Mittal from Bharti Enterprises, Y.C. Deveshwar from ITC and Chanda Kochhar from ICICI Bank.
The UK is India’s third largest trading partner within the EU and the sixteenth largest in the world.
“The British side has shown keen interest to work with India for establishing national manufacturing and industrial zones,” Sharma said.
Two of these investment regions will come along the proposed Bangalore-Mumbai Industrial Corridor which will link up with the Delhi-Mumbai Industrial Corridor.
“We hope that the experience in advanced manufacturing and the technologies that Britain has in diverse sectors, including nanotechnology, aerospace, biotechnology, and life sciences, would be used,” the Minister added.
The CEOs also discussed other areas including education, energy, defence and the retail sector.
“One important sector which I did not mention earlier is energy sector. Those are decisions that would be made (in the energy sector),” Sharma said. A number of British companies in the energy sector including British Petroleum, Cairn and Powergen have made investments in India.
On retail, the Minister said that British companies were interested in entering the segment and while the CEO’s Forum was not a forum to make business propositions, he had fruitful meetings during his recent UK visit.
India liberalised foreign direct investment in the retail sector, both single-brand and multi-brand, recently.
“When I was in Davos, and recently in London, the Chairman of Tesco had met me which was followed by a meeting with the CEO. We hope that there would be proposals, but these will be their decisions,” he said.
The UK-India CEO’s Forum was established two years ago and brings together businesses in both countries.
Neyveli Lignite joint venture ties up funds for power project in TN
Chennai: NLC-Tamil Nadu Power Ltd has entered into an Rs 937-crore loan agreement with a Bank of India-led consortium to part fund a 1,000 MW power project, according to a press release from Neyveli Lignite.
The agreement was signed today with the consortium which includes Indian Bank and Central Bank of India.
The NLC-Tamil Nadu Power is a joint venture between Neyveli Lignite Corporation and the Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) for the 2x500 MW power plant in Tuticorin. NLC holds an 89 per cent stake in the project with Tangedco holding the balance 11 per cent.
The Government of India sanctioned the Rs 4,909.54-crore project in May 2008. In 2010, a bank consortium led by Bank of Baroda lent Rs 2,500 crore.
The coal linkage is being tied up with Mahanadhi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd.
Land for the project is taken from VOC Port Trust, Tuticorin, on long-term lease basis.
The power generated from this project will cater to the states in the Southern Region. Power purchase agreements have been signed with Tangedco and other SEBs.
All the major package contracts are awarded and the project under implementation has reached the physical progress of around 70 per cent. The first unit is expected to be commissioned in December 2013, followed by another unit in March 2014.
The agreement was signed today with the consortium which includes Indian Bank and Central Bank of India.
The NLC-Tamil Nadu Power is a joint venture between Neyveli Lignite Corporation and the Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) for the 2x500 MW power plant in Tuticorin. NLC holds an 89 per cent stake in the project with Tangedco holding the balance 11 per cent.
The Government of India sanctioned the Rs 4,909.54-crore project in May 2008. In 2010, a bank consortium led by Bank of Baroda lent Rs 2,500 crore.
The coal linkage is being tied up with Mahanadhi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd.
Land for the project is taken from VOC Port Trust, Tuticorin, on long-term lease basis.
The power generated from this project will cater to the states in the Southern Region. Power purchase agreements have been signed with Tangedco and other SEBs.
All the major package contracts are awarded and the project under implementation has reached the physical progress of around 70 per cent. The first unit is expected to be commissioned in December 2013, followed by another unit in March 2014.
TCS sets up new facility in Liverpool
Mumbai: Tata Consultancy Services, the country’s largest software exporter, has set up a new delivery centre in Liverpool, expanding its operations in the UK.
The new facility, which is dedicated to delivering government services, will be fully operational in July and will house over 300 employees, the Tata group company said in a statement.
TCS plans to use the facility to deliver services to the Home Office, following a multi-million, multi-year contract that was awarded in November 2012, to manage the technology needs and support services of the newly-formed Disclosure and Barring Service.
The new facility will provide a secure applications development and maintenance centre for business applications and operational delivery centre for outsourced business process and IT services.
“Our work in the public sector is focused on improving services for the UK citizens and driving greater value for the UK Government. Our investment in a new, secure delivery centre in Liverpool will allow us to effectively meet the business objectives of DBS to modernise and transform its business while supporting our longer term strategy for increased participation in transformation programmes for the U.K. public sector,” said TCS Country Head (UK and Ireland) Shankar Narayanan.
The two organisations, DBS and TCS, will also collaborate to update the organisation’s business processes to help improve decision making, reduce processing times and improve information gathering between disclosures and barring services.
TCS combines government specific domain expertise with a world-class set of delivery capabilities to enable service transformation for some of its key government clients in the UK, such as, National Employment Savings Trust (NEST), Cardiff City Council, Child Maintenance Group (CMG is a division of DWP) and The Big Lottery Fund, amongst others.
The new facility, which is dedicated to delivering government services, will be fully operational in July and will house over 300 employees, the Tata group company said in a statement.
TCS plans to use the facility to deliver services to the Home Office, following a multi-million, multi-year contract that was awarded in November 2012, to manage the technology needs and support services of the newly-formed Disclosure and Barring Service.
The new facility will provide a secure applications development and maintenance centre for business applications and operational delivery centre for outsourced business process and IT services.
“Our work in the public sector is focused on improving services for the UK citizens and driving greater value for the UK Government. Our investment in a new, secure delivery centre in Liverpool will allow us to effectively meet the business objectives of DBS to modernise and transform its business while supporting our longer term strategy for increased participation in transformation programmes for the U.K. public sector,” said TCS Country Head (UK and Ireland) Shankar Narayanan.
The two organisations, DBS and TCS, will also collaborate to update the organisation’s business processes to help improve decision making, reduce processing times and improve information gathering between disclosures and barring services.
TCS combines government specific domain expertise with a world-class set of delivery capabilities to enable service transformation for some of its key government clients in the UK, such as, National Employment Savings Trust (NEST), Cardiff City Council, Child Maintenance Group (CMG is a division of DWP) and The Big Lottery Fund, amongst others.
Samsung SDS gets Rs 220 crore ticketing contract from L&T Metro
Hyderabad: Korean technology firm Samsung SDS Company secured Rs 220 crore order from L&T Metro Rail (Hyderabad), an arm of infrastructure firm L&T, for setting up automatic fare collection (AFC) system for the Hyderabad metro rail project coming up at Rs 14,132 crore.
Samsung has implemented similar AFC projects across several countries including three in India at Delhi metro, Bangalore metro and Jaipur metro.
The contract awarded by L&T Metrorail includes setting up of smart card based ticketing system, automatic gates, cash and card based payment system, ticket vending machines, near field communication technology that enables usage of mobile phones as fare media, among others.
BV Gadgil, chief executive and MD of L&T Metrorail, said, ""We have chosen Sansumg Data Systems based on their technical expertise, international presence and most importantly for their experience of working and implementing AFC projects in the Indian environment.""
Samsung has implemented similar AFC projects across several countries including three in India at Delhi metro, Bangalore metro and Jaipur metro.
The contract awarded by L&T Metrorail includes setting up of smart card based ticketing system, automatic gates, cash and card based payment system, ticket vending machines, near field communication technology that enables usage of mobile phones as fare media, among others.
BV Gadgil, chief executive and MD of L&T Metrorail, said, ""We have chosen Sansumg Data Systems based on their technical expertise, international presence and most importantly for their experience of working and implementing AFC projects in the Indian environment.""
MIAL partners Wipro for terminal
Mumbai: Mumbai International Airport Ltd (MIAL), operator of the Chhatrapati Shivaji International Airport (CSIA) here, has entered into a 10-year contract with Wipro Infotech, the India and West Asia IT business unit of Wipro, for the new integrated terminal T2. The financial details of the deal were not disclosed.
Wipro will be responsible for providing managed services across the entire IT landscape at MIAL and deliver high availability and operational efficiency across all critical processes.
Though initially envisaged for T2, Wipro will begin the transition with a takeover of the IT services in the current terminals at CSIA, expected to commence from April 1. As regards to T2, Wipro will assist in the preparation of IT-related standard operating procedures and also work closely with MIAL during the testing and trial phase of the IT systems before managing all the IT services for the iconic new terminal.
MIAL is currently implementing a master plan to build an integrated terminal, T2, designed to cater to 40 million passengers annually. When completed, it will be a state-of-the-art, four-level integrated terminal, with an area of 439,000 sq mt and will include new taxiways and apron areas for aircraft parking.
Rajeev Jain, CEO, MIAL said, “Our vision is to make T2 a global showcase and IT will play the role of a significant business driver. In line with this vision of making CSIA a world-class airport, and T2 an iconic terminal, we plan to invest in best-in-the-class technology and systems and have accordingly decided to partner with an IT company like Wipro to provide the best services.”
IT is a key driver for critical airport operations, including flight and terminal management, ground handling and property management.
The total outsourcing engagement will deliver business IT alignment for T2 by combining airport solutions.
Anand Sankaran, Sr. Vice President - Wipro Infotech and Global Infrastructure Services said, “We are excited that Mumbai International Airport has chosen Wipro as a strategic partner for their IT transformation project. Wipro will leverage its global expertise and strong understanding of the business domain, to deliver a best-in-class experience to MIAL’s stakeholders including customers, employees and airlines. This engagement with MIAL adds strength to our existing Airport and Infrastructure Practice.”
Wipro will be responsible for providing managed services across the entire IT landscape at MIAL and deliver high availability and operational efficiency across all critical processes.
Though initially envisaged for T2, Wipro will begin the transition with a takeover of the IT services in the current terminals at CSIA, expected to commence from April 1. As regards to T2, Wipro will assist in the preparation of IT-related standard operating procedures and also work closely with MIAL during the testing and trial phase of the IT systems before managing all the IT services for the iconic new terminal.
MIAL is currently implementing a master plan to build an integrated terminal, T2, designed to cater to 40 million passengers annually. When completed, it will be a state-of-the-art, four-level integrated terminal, with an area of 439,000 sq mt and will include new taxiways and apron areas for aircraft parking.
Rajeev Jain, CEO, MIAL said, “Our vision is to make T2 a global showcase and IT will play the role of a significant business driver. In line with this vision of making CSIA a world-class airport, and T2 an iconic terminal, we plan to invest in best-in-the-class technology and systems and have accordingly decided to partner with an IT company like Wipro to provide the best services.”
IT is a key driver for critical airport operations, including flight and terminal management, ground handling and property management.
The total outsourcing engagement will deliver business IT alignment for T2 by combining airport solutions.
Anand Sankaran, Sr. Vice President - Wipro Infotech and Global Infrastructure Services said, “We are excited that Mumbai International Airport has chosen Wipro as a strategic partner for their IT transformation project. Wipro will leverage its global expertise and strong understanding of the business domain, to deliver a best-in-class experience to MIAL’s stakeholders including customers, employees and airlines. This engagement with MIAL adds strength to our existing Airport and Infrastructure Practice.”
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