Financial Daily from THE HINDU group of publications Tuesday, Mar 02, 2004 |
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Corporate
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Announcements Industry & Economy - Environment Ramky group to build waste management complex in Bangalore M. Somasekhar
Hyderabad , March 1 RAMKY Group, a leading infrastructure and waste management company operating out of Hyderabad, is all set to build the country's first integrated municipal solid waste management complex in Bangalore City. The Bangalore Mahanagar Palika (BMP) has recently awarded the project costing about Rs 40 crore to Ramky, the Group Chairman, Mr A. Ayodhya Rami Reddy, told Business Line here. The company, which has adequate in-house expertise intends to implement the project on a turnkey, build, own, operate (BOO) basis. "Once the 1,000 tonnes per day complex becomes functional by the end of the year, the BMP will just pay us the `tipping fee', while Ramky will manage all other aspects," Mr Reddy said. The Rs 180-crore turnover Ramky group intends to construct the waste management complex totally on scientific lines, by setting up separate facilities for recycling wastes, composting, waste to energy and a landfill. "The entire complex and the neighbourhood would be environmentally well managed," he said. The company has also bagged another project to construct a world-class incinerator for industrial wastes in Hyderabad and Mumbai. Work on these projects, each costing about Rs 13 crore would begin in June, Mr Reddy said. For the Ramky group, which has already built and is operating inorganic waste management (landfill), projects in Hyderabad & Mumbai, the incinerators, which will break up and manage organic wastes is a form of diversification and perhaps the first of its kind in the country managing industrial wastes. The company has sourced technical support to implement the project from Alstom-ABB of US. . It would, however, design and fabricate the required incinerators indigenously, Mr Reddy added. The group has interests in infrastructure, environment, waste management, biomedical wastes, testing and consultancy and pharmaceuticals. It has recently completed the Rs 20-crore Inter State Bus Terminus (ISBT) in Dehradun, Uttaranchal, in a record four months time.
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