Steel Authority of India (SAIL)witnessed 5.1 percent growth in total sales and 1.8 percent growth in the production of saleable steel during October-December 2012 compared to the year-ago period.
Author: admin (Infratructure Today)
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3,000 km of highways to be built via EPC deals
The Union Road Transport Ministry is confident of meeting the government's Budget proposal to develop 3,000 km of highways in the first six months of 2013-14, a sharp scale-down from this year's target of 8,880 km target, around one-sixth of which has been met so far.
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Govt’s fiscal moves may influence RBI rate decision
In an interview to a news agency, Finance Minister P Chidambaram remarked that Reserve Bank of India (RBI) would take a decision on reducing policy rate after taking into consideration the fiscal moves of government. On March 19, the central bank would release mid-quarter review of monetary policy. Shifting its focus from infla
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Kolkata Port awaits centre’s nod for Rs 78 bn project
Kolkata Port Trust Chairman RPS Kahlon informed that the port was awaiting cabinet approval from the centre for the Rs 7851 crore Sagar port project in West Bengal. The West Bengal cabinet had approved the project and Kahlon expects the union cabinet to clear it soon
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Govt’s Rs 1.9 trillion debt recast scheme fails to enthuse SEBs
Reports indicate that the Rs 1.9 lakh crore debt restructuring package announced by the central government for state electricity boards (SEBs) has not received much response. It is learnt that no major state has yet entered into a memorandum of undertaking (MoU) with the centre for debt recast. states such as Rajasthan are negotiating with ban
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Pace of execution of highway projects slows down
Minister of State for Road Transport and Highways Sarvey Sathyanarayana informed Lok Sabha that the pace of execution of national highway projects has slowed because of various hurdles. The hurdles include delay in land acquisition, shifting of utilities, environmental and forest clearances, the minister informed. He also pointed to the shortage of skilled and semi-skilled manpower and economic slowdown as further road
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Union budget may boost growth in infra sector
Union Budget 2013-14 is expected to boost growth in the infrastructure sector as it has announced several new initiatives. For example, the budget proposed taking up two new cities -" Dholera in Maharashtra and Shendra Bidkin in Gujarat -" under the Delhi Mumbai Industrial Corridor Project. Finance Minister P Chidambaram said the government will provide additional funds for the project in 20
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Regulatory body to remove hurdles in road projects
Union Minister for Road Transport and Highways CP Joshi has said that to sort out the challenges, including financial stress, enhanced construction risk and contract management issues, the Finance Minister P Chidambaram has proposed to set up a road regulatory authority.
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Govt to improve rail-road link upto border areas
The Union Government has identified strategically important border roads and railway lines for development for improving the operational capabilities of the forces in phased manner. The Government is aware of the infrastructure development activities of China and Pakistan along the borders and reviews the threat perception regularly.
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Construction of Balipara-Tawang road to be ready by 2016
The road from Tezpur to Balipara (20 Km) in Assam is already double-laned and double laning of the stretch from Balipara to Tawang (317.52 Km) is under progress by Border Roads Organisation (BRO), said the Union Defence Minister AK Antony in the Lok Sabha recently. The probable date of completion of the road Balipara-Charduwar-Tawang to National Highway Double Lane (NHDL) specifications is March 2016, he added.