Union Minister for Petroleum and Natural Gas Veerappa Moily informed reporters that his ministry is in the process of revising the coal-bed methane policy introduced in 1997 in order to suit present conditions. He said the ministry would discuss with the coal ministry in this regard. Meanwhile, Moily said his ministry would be putting befo
Author: admin (Infratructure Today)
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RBI expected to reduce policy rate
Majority of economists and financial market observers expect Reserve Bank of India (RBI) to cut policy repo rate by 25 basis points on January 29 to 7.75 percent. The decline in inflation gauge based on wholesale price index (WPI) and the government's resolve to reduce fiscal deficit increased expectation that the central bank would redu
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Adani Ports and SEZ Ltd: Q3 Financial Results
Adani Ports & SEZ Ltd, India's largest private port developer and part of Adani Group, today said its total income rose 35% to Rs.2,533 crore for the nine months ended December 31, 2012 compared to Rs.1,870 crore in the corresponding nine months of previous year.
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NHAI blamed for encouraging irresponsible bids
One of the reasons for companies like GMR and GVK walked out of big-ticket road projects is that the companies are over-leveraged, said Gajendra Haldea, Infrastructure Advisor to Planning Commission Deputy chairperson Montek Singh Ahluwalia. The bureaucrat's statement comes in days after infrastructure majors GMR and GVK walked out of road projects.
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Bhubaneswar’s key road project to be completed by 2014
In Bhubaneswar, the much-awaited Integrated Daya West Canal Road Project, covering 7.8 km, is likely to be completed by October 2014. But as work on the project threatens to shrink the width of Daya West Canal, doubts have come up over the possibility of the water body being used for proposed recreational purposes. The road project, which aims to join NH-5 with NH-203 from Palasuni Square to Garage Square, will facilitate smooth flow of traffic between Rasulgarh and Samantarapur as NH-203 remain
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Road repairs delayed in Chennai’s Tiruvottiyur zone
Road repair works in Chennai's Tiruvottiyur zone, which started more than six months back by the Chennai Corporation, are still incomplete. The Corporation started road ĆĀimprovement works for the eight newly-added arĆĀeas.
Traffic congestion and encroachments on the Tiruvottiyur High Road, which connects the city to the northern suburbs, are still a problem for residents and motorists.
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Minister wants easing of norms for road projects
The Union Road Transport and Highways Ministry wants norms to be eased to facilitate midway transfer of contracts by one developer to another as a high number of road projects being stuck for want of equity.
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Elevated corridor on Gurgaon’s MG Road set to get nod
The Gurgaon Municipal CorporationĆās proposed elevated corridor at Maharana Pratap Chowk, MG Road in the city is likely to get government's approval in a weekĆās time. The move is expected after a high level meeting in Chandigarh, recently. The MCG had sent a detailed project report (DPR) for the government's approval three months ago that met some objections from the top brass.
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MMRDA to build flyover to link BKC to Eastern H’way
The Mumbai Metropolitan Region Development Authority (MMRDA) has once again adopted the plan to build a 1.6-km elevated road from Bandra-Kurla Complex to the Eastern Express Highway. MMRDA had abandoning the project three years ago.
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Illegal structures delay road work in Manipur
In Manipur. a lots of structures put up along Tamenglong-Khongsang road by land owners for claiming compensation after the survey is over has led to delay in taking up road construction work by the BRFT. This was disclosed by C Arthur W, IAS, Deputy Commissioner, Tamenglong while speaking as Chief Guest of the 64th Indian Republic day celebration at Tamenglong district HQs on January 26.