The total number of port projects awarded in 2012-13 may raise capacity of the country's ports by 114 million tonne (mn t) pa. The shipping ministry awarded in all 26 projects so far in 2012-13 and out of this 14 are Public Private Partnership (PPP) projects. The 14 PPP projects would bring in an additional capacity of 80 mn t per annum at an investment of Rs 5,600 crore
Author: admin (Infratructure Today)
Post
Post
IOC’s Rs 98 cr project faces roadblock
Indian Oil Corporation (IOC) faces protest from local farmers for its 114-km oil pipeline project being undertaken at a cost of Rs 98 crore from its refinery located at Narimanam to Tiruchy storage point. The pipeline laying project faces protest from farmers of Kakka Kottur, Sorakkudi, Moongilkudi and Omankulam
villages in Tiruvarur district because they fear loss of livelihood owing
Post
ONGC aims 100% rise in oil, gas output by 2030
Sudhir Vasudev, Chairman and Managing Director of Oil and Natural Gas Corporation (ONGC) informed that the firm plans to double the oil and gas production in India by 2030. Vasudev reasoned that investing in gas fields will benefit the entrepreneurs in view of the demand for gas in the country
Post
DGH proposes stringent conditions for cost recovery
Directorate General of Hydrocarbon (DGH) opined that recovery of cost incurred by companies on exploration activity in the producing oil and gas fields must be allowed only under certain conditions. The upstream oil regulator recommended that the exploration firm must submit a feasible investment plan for producing from the discovery in order to be eligible for cost recovery
Post
Tata Steel to issue dollar bonds to raise $1 bn
Media reports indicate that Tata Steel plans to rise $1 billion through issue of foreign currency bonds mainly to refinance loans. November 2009 was the last time the company raised dollar-denominated bonds. Besides this, the company would raise Rs 130 billion for its 6-million metric-tonne steel plant project in the eastern state of Odisha. The plant would be built in phas
Post
BRICS to set up development bank for infra projects
At the recently concluded BRICS summit in Durban, Brazil, Russia, India, China and South Africa decided to set up a development bank to finance infrastructure projects in these countries. But the countries have not decided the size of the proposed bank, leaving it to finance ministers to nego
Post
DHFL Vysya reduces interest rate on loan
From April 1, DHFL Vysya Housing Finance decided to reduce interest rate on advances across the spectrum for new as well as existing borrowers by 20 basis points. The company is an associate of Dewan Housing Finance and operates in south India. The Bangalore-based lender is the first housing finance company to announce lending rate cut this year, Managing director R Nambirajan said. At present, the company's lowe
Post
FSLRC submits draft Financial Code Bill
Finance Sector Legislative Reforms Commission (FSLRC) recently submitted a draft Indian Financial Code Bill which contains 450 clauses and six schedules. The code was submitted to give effect to its recommendations on the financial architecture of the country. Among various recommendations of the panel, the prominent one is the setting up of a Unified Financial Agency (UFA) by merging several regulators such as Sebi,
Post
KPMG works on revenue model for Mopa airport
Reports indicate that KPMG, the financial consultant for the proposed international airport at Mopa in Goa, is working on the revenue model for the airport. The state government plans to implement the project on the public-private-partnership (PPP) model and it set up a special PPP cell for the purpose of handing such PPP projects
Post
Centre signs 3 MoUs with state govts for rail projects
During the last three years and current year, three Memorandum of Understandings (MoUs) have been signed for construction of new railway lines with State Governments of Chhattisgarh, Jharkhand and Rajasthan. This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in written reply to a question in Lok Sabha