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A legendary estate in Holmby Hills, previously owned by Rod Stewart, has fetched an impressive $86 million. The sprawling six-acre property was split into two parcels, with television producer David Zander acquiring the main mansion for $57 million. Meanwhile, Nick Kaiser purchased a smaller parcel complete with a historic cabin for $29 million. This notable sale underscores the ongoing allure of grand historic properties. View More
A legendary estate in Holmby Hills, previously owned by Rod Stewart, has fetched an impressive $86 million. The sprawling six-acre property was split into two parcels, with television producer David Zander acquiring the main mansion for $57 million. Meanwhile, Nick Kaiser purchased a smaller parcel complete with a historic cabin for $29 million. This notable sale underscores the ongoing allure of grand historic properties. View More
A legendary estate in Holmby Hills, previously owned by Rod Stewart, has fetched an impressive $86 million. The sprawling six-acre property was split into two parcels, with television producer David Zander acquiring the main mansion for $57 million. Meanwhile, Nick Kaiser purchased a smaller parcel complete with a historic cabin for $29 million. This notable sale underscores the ongoing allure of grand historic properties. View More
Modularization refers to a project delivery method where entire process units are prefabricated in controlled off-site factories and then transported for rapid on-site assembly. View More
Mumbai: EPC major Larsen & Toubro (L&T) sees the company cornering a 20% or upto $30 billion share of the $150 billion dollar modularization market in the next five years, company executives said on Friday. “Modularisation is a game changer in the delivery of large and complex energy projects," said Subramanian Sarma, Deputy Managing Director & President, Larsen & Toubro. He added that by shifting substantial construction, integration, testing and pre-commissioning activities from the project site to a controlled fabrication environment, it enables parallel execution, strengthens safety and quality oversight, improves predictability and reduces complexity at site. This, Sarma added will allow L&T to tide over the labour shortage issues as well. Also read | The big winners from India coffee craze may not sell coffee at all Live Events S N Subrahmanyan, Chairman & Managing Director, Larsen & Toubro, said the company is facing shortage of 60,000 labourers as of today. Modularization refers to a project delivery method where entire process units are prefabricated in controlled off-site factories and then transported for rapid on-site assembly. On Friday L&T announced that it has completed fabrication and delivery of 110 modules weighing approximately 64,000 metric tonnes,for Project CERES, Australia’s largest urea manufacturing plant with a capacity of 2.3 MTPA. The project is being developed by Perdaman Chemicals & Fertilisers in Karratha, Western Australia, under the Saipem-Clough joint venture. L&T’s pre-assembled 47 units and 63 Pre-assembled racks, fabricated at the Company’s modular fabrication facility at Kattupalli, near Chennai, India. Also read | India’s Apple iPhone obsession grows and grows The modules were shipped from India to Karratha across 23 marine shipments in fully tested, pre-commissioned and ready-to-install condition, the company said. "We continue to explore new modularization ideas and data centers, prefabricated bridges, precast columns and other industrial constructed solutions," said Subrahmanyan, adding that the company has also started a cell for doing small modules. "We believe we can do it even further and take on even more complex projects. The aim has always been simple, faster execution, higher quality, superior safety and on time delivery through construction that is standardized, industrialized and predictable," he added. The company added that with modularization coming in there is a very high probability of addressing the risks of cost and time over runs. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Mike Love, the iconic singer of the Beach Boys, has put his stunning Lake Tahoe estate on the market for an impressive forty-three million dollars. This beautiful property has been cherished by his family for over 40 years. Originally purchased as undeveloped land, this expansive estate now showcases breathtaking lake and mountain views, providing a serene retreat. View More
Mike Love, the iconic singer of the Beach Boys, has put his stunning Lake Tahoe estate on the market for an impressive forty-three million dollars. This beautiful property has been cherished by his family for over 40 years. Originally purchased as undeveloped land, this expansive estate now showcases breathtaking lake and mountain views, providing a serene retreat. View More
Mike Love, the iconic singer of the Beach Boys, has put his stunning Lake Tahoe estate on the market for an impressive forty-three million dollars. This beautiful property has been cherished by his family for over 40 years. Originally purchased as undeveloped land, this expansive estate now showcases breathtaking lake and mountain views, providing a serene retreat. View More
Hi-Tech Flow Solutions has filed its DRHP for a Rs 300 crore IPO comprising a fresh issue and offer-for-sale. The company plans capacity expansion, debt repayment and corporate purposes, while targeting growing demand for HSAW pipes across infrastructure sectors. View More
Hi-Tech Flow Solutions has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of Rs 2, is a fresh issue up to Rs 300 crore and an offer-for-sale by promoters – Ajay Kumar Bansal and Vipul Bansal. Ajay Kumar Bansal is offering shares up to Rs 75 crore and Vipul Bansal up to Rs 25 crore. Investor - The Wealth Company Alternates Trust – India Inflection Opportunity Fund is offering up to 20,268,225 shares. The company, in consultation with the book-running lead managers, may consider a pre-IPO Placement for up to Rs 60 crore. The pre-IPO placement if completed, the fresh issue size will be reduced. The proceeds from its fresh issue worth Rs 125.9 crore will be utilised for funding the proposed expansion by setting up API-grade HSAW pipe manufacturing unit along with a 3LPE coating unit within their existing Nagpur facility, Rs 90 crore in repayment or pre-payment, in part or full of certain borrowings availed by the company from banks, and general corporate purposes. The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively. Live Events Incorporated in 1993, the company provides flow solution products having varied applications by manufacturing and supplying Helical Submerged Arc Welded (HSAW) pipes across 17 states and 2 union territories in India, through its manufacturing facilities at Sanand, Gujarat and Nagpur. It operates on a business-to-business model and primarily caters to private engineering, procurement and construction contractors, engaged in the execution of large-scale pipeline and infrastructure projects. As per the CareEdge Report, its HSAW pipes serve a diverse range of applications, with a primary focus on large-diameter water-transmission pipelines used in bulk water-supply systems, irrigation networks, inter-basin river-link pipelines, municipal water distribution networks, dam-based irrigation systems, transport-linked utility corridors and sewerage and urban-infrastructure projects. The company is also expanding its product portfolio to cater to the growing demand for HSAW pipes in the oil and gas sector. As per the CareEdge Report, HSAW pipes are also supplied for use in various other applications including airport, flyovers, power projects utilities such as HVAC utility networks, where long-distance, high-capacity handling and corrosion-resistant pipeline solutions are required. Further, the CareEdge Report highlights the rapid expansion of data centre infrastructure, particularly hyperscale and artificial intelligence (AI) data centres. The development of such facilities requires supporting water supply and utility infrastructure, which may create additional demand opportunities for HSAW Pipes used in these applications. As on the date of Draft Red Herring Prospectus, the company has a total installed capacity of 160,000 metric tonnes per annum (MTPA), of which 40,000 MTPA is at Sanand Facility and 120,000 MTPA is at its Nagpur Facility. During the last three Fiscals, the company supplied 154,000 MT of HSAW pipes on aggregate basis. Over the past seven years, the company has expanded its annual installed capacity and operational scale to meet the growing demand for its products and to strengthen its presence. The company is currently undertaking an expansion at its Nagpur facility from its internal accruals, which is expected to be completed by June 2027. This expansion will add 30,000 MTPA to its annual installed capacity, for production of HSAW pipes bringing its total annual installed capacity to 190,000 MTPA. The company is also a registered vendor with multiple infrastructure authorities engaged in water supply, sewerage and urban development projects, including state level Public Health Engineering Department, Jal Nigams and state water supply and Sewerage Boards, though its sales are primarily made to EPC contractors, who procure and utilise its products for execution of projects awarded by such government and quasi-government authorities. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! 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Elevate Campuses' three-day IPO, which will open on 23 September, comprises an entirely fresh issue of equity shares, with no offer-for-sale component View More