In Chennai, another road that provides connectivity to places in north Chennai is expected to be ready by February end. The 17.4 km-long Minjur-Kattur-Thirupalaivanam Road that is being strengthened and widened at a cost of Rs 36.64 crore, will help residents of villages including Neidavoyal, Thiruvallavoyal and Thathamanji.
Author: admin (Infratructure Today)
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Gujarat takes up road broadening work on 3 highways
In Gujarat, as the Adipur-Mundra highway, Bhuj-Anjar highway and Bhachau-Rapar highway have been taken up for broadening work, traveling to Kutch from Saurashtra and Ahmedabad will be quicker. A five meter wide Adipur-Mundra highway will be converted to 10 meter, while Bhuj-Anjar and Bhachau-Rapar both 7-meter wide highways will be converted to 10 meter status.
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CCI to discuss clearance for infra projects today
Media reports suggest that the Prime Minister-led Cabinet Committee on Investment (CCI) would meet today for the first time after it was set up to provide single window clearance to mega industrial and infrastructure projects. It may be recalled that several projects in the road, power, steel, oil and gas and other sectors are delayed beca
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Net profit of Bank of India rises 12% in Dec quarter
During October-December 2012, the net profit of state-run Bank of India rose 12 per cent to Rs 803 crore from Rs 716 crore in the year-ago period. The bank said it could not achieve a higher growth in net profit because of rise in provisioning and modest growth in advances
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Econ adviser stresses on more pvt investment in infrastructure
HAC Prasad, Senior Economic Adviser to the Union Ministry of Finance stressed on the need to raise the share of private and PPP sector in the total investment in infrastructure to 50 per cent in the 12th five-year Plan. The share of private and PPP sector in the total infrastructure investment was a little over 30 per cent in the 11th Plan
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India continues to rank 4th in steel output
Data from World Steel Association (WSA) reveals that India continues to rank fourth in the global steel production after China, Japan and the US in 2012. Even in 2011 and 2010, the country was the worldĆās fourth largest steel maker with a total production of 73.6 mn t and 69 mn t steel output respectively. In 2012, India
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JSW Steel, JSW Ispat convene shareholders meet
Following the directive by the Bombay High Court, JSW Ispat and JSW Steel convened a separate shareholder meetings in Mumbai to seek their approval for the proposed merger of both these firms. According to the merger proposal, every 72 shares of JSW Ispat would be exchanged for one equity share of JSW Steel. Institutional Investor Advisory Services advised shar
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HPCL mulls LPG storage facility for Rs 700 cr
Media reports suggest that Hindustan Petroleum Corp (HPCL) is discussing the feasibility of a Rs 600-700 crore project to set up underground storage facility for liquefied petroleum gas (LPG). The company proposes to set up the facility, which would be its second one, in Mangalore and it is expected to arrive at a decision on the project in the next six
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APSEZ to use stake sale proceeds for east coast project
Media reports suggest that Adani Ports and Special Economic Zone (APSEZ) would divest its stake in the Australia's Abbot Point port and use the sale proceeds to invest in its venture in the east coast of India. It is learnt that the Board of Adani Ports has in-principle decided to divest its significant stake in entities cont
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ChPT renegotiates revenue share
Chennai Port Trust (ChPT) is reportedly renegotiating the revenue share with Adani Group for the proposed Rs 3,500-crore mega container terminal project. It is learnt that the port trust is not satisfied with the revenue share offered by the group for the contract and hence is seeking