In an official statement, Jindal Steel and Power (JSPL) said it does not want to buy Afferro mines iron ore in Canada because of several drawbacks with the mine. According to JSPL, The deal with Afferro Mining did not materialise, because much of the proven iron ore reserve at the Afferro site in Cameroon has low-grade magnetite for which beneficiation reports have not been
Author: admin (Infratructure Today)
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Prithvi Steels to set up steel tube plant in Rajasthan
Prithvi Steels, which makes steel pipes, agreed to set up a steel tube manufacturing facility on 2 acre land in Rajasthan for Mahindra World City, Jaipur. Prithvi Steels would set up the plant at a cost of Rs 20 crore. Mahindra World City, which is an integrated business city, expects the plant to be ready by mid-2014 and also plans to set up a strip mill in the future.
It e
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Assocham suggests exclusion of Japan, Korea from FTA
Industry body Assocham said that companies in Japan and Korea are flooding the Indian market with their steel products and hence these products must be excluded from the ambit of FTA with these nations. The body alleges that the companies from these two nations are taking advantage of concessional duty rates at the cost of
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ONGC lines up 44 mega projects for 2012-17
Sudhir Vasudeva, Chairman and Managing Director of ONGC informed that the state-run oil and gas explorer would execute 44 mega projects worth about Rs 86,862 crore between 2012-17. Of these projects, 16 would be on-land projects and 28 offshore. Most of the projects are lump-sum turnkey contracts (LSTK)
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Essar Oil to meet demand of villagers
According to media reports, the meeting between the agitating villagers of Dhabani in West Bengal and Essar Oil officials on the firm's coal-bed methane (CBM) project ended successfully. The villagers committed that they will not disturb work on the project. In exchange for this commitment, the officials of the firm agreed to meet some of the demands of the
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NHAI and concessionaires must iron out issues keeping the spirit of PPP in mind
Recently, GMR Infrastructure and GVK Power & Infrastructure exited from two mega road projects (that they agreed to set up under public private partnership [PPP] model) citing delay in environmental clearances. While GVK withdrew from an around Rs 3,000-croreShivpuri-Dewas project in Madhya Pradesh, GMR abandoned its over Rs 6,000-croreKishangarh-Udaipur-Ahmedabad project.
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Odisha to build concrete roads in villages at Rs 1,870 cr
The Odisha Panchayati Raj Minister Kalpataru Das has stated that the State government will spend about Rs 1,870 crore on construction of concrete roads in all gram panchayats in the next three years. The government will spend Rs 623.60 crore per annum for the next three years for making pucca roads in all gram panchayats.
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Mangalore airport to get a cargo complex
Now, Mangalore airport is all set to get an air cargo complex. In a notification dated January 31, the Department of Customs has notified the air cargo complex at Mangalore airport. Mohammed Ameen, president of the Kanara Chamber of Commerce and Industry, said KCCI has been demanding this facility at Mangalore airport for a long time.
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CM reviews progress on Navi Mumbai airport project
Reiterating that the Maharashtra government is committed to complete the Navi Mumbai international project on priority basis, the State Chief Minister Prithviraj Chavan reviewed the progress of work on the project on February 6.
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Minister suggests lenders to offload loans to IDF
Banks must hand over their loan for infrastructure projects to Infrastructure Debt Funds (IDFs) once the projects are completed so that banks can get funds to lend to fresh projects. Finance Minister P Chidambaram suggested this to banks recently. IDF provides long term finance through the lif