During Jan-Mar 2013, NMDC plans to increase its iron ore production in order to make for the shortage of output in the Apr-Dec 2012 period. Between Apr-Dec 2012, the firm produced 175.56 lakh tonne, which is down from 202.79 lakh tonne a year ago.
Author: admin (Infratructure Today)
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Govt gets request for payment of Rs 500 bn subsidy
Government received a written request from the state-run oil marketing companies (OMCs) to pay Rs 25,000 crore for the first six months and Rs 25,000 crore for the third quarter of 2012-13. The compensation is towards the under-recovery incurred by the OMCs during the year for selling petroleum products below cost. So far, the companies have
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Oil ministry proposes to adopt new gas price formula
Media reports suggest that the union petroleum ministry wants the government to adopt the pricing formula for natural gas proposed by the Rangarajan Committee. Specifically, the ministry wants the pricing formula to apply to all forms of natural gas - conventional, shale and coal-bed methane (CBM). Also, the ministry prop
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Ministry sends plan to set up Rs 43 bm LNG project
Union shipping ministry has reportedly sent a proposal to set up a Rs 4,320-crore integrated liquefied natural gas (LNG) terminal at Ennore, near Chennai to the cabinet for approval. It may be learnt that the project was approved by the shipping ministry recently. Indian Oil Corporation, which plans to construct the terminal, would receive a letter of award from the Ennore Port once the cabinet clears the proposal. Tamil Nadu
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Cargo handling project to be awarded soon
In another one month, Kolkata Port Trust (KoPT) plans to award the contract for mechanised dry bulk cargo handling operations at berths 2 and 8 of Haldia docks to new concessionaires. The port authority is in the process of re-tendering the contract after the exit of ABG-LDA promoted Haldia Bulk
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J&K govt cracks whip on road building firms for delays
Jammu and Kashmir Minister for Roads and Buildings Abdul Majid Wani on January 24 has cracked whip on construction agencies in the state. The Minister said that cost overruns due to undue and unnecessary delays in works shall have to be their exclusive liability.
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Maharashtra govt mulls law on intergrated urbanisation
Pointing to the need to go for integrated urbanization, Maharashtra Chief minister Prithviraj Chavan said his government plans a new legislation to set new rules in this regard. He said this while addressing a gathering after inaugurating a conference. He said over 50 percent of the
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TN’s policy boosts solar energy units in Coimbatore
In Coimbatore, manufacturing of solar energy-related products is set to get a boost with the State unveiling a new solar energy policy and the solar energy equipment manufacturers in the city expect to clock a 15-20 per cent annual growth, say organisers of the ĆāRenergy Coimbatore 2013Ćā show.
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TN’s streetlights to be replaced with solar lamps
The Tamil Nadu government, as part of its efforts to tide over the current power crisis, has been implementing various steps to conserve electricity. Recently, the State Chief Minister J Jayalalithaa unveiled a solar power policy aimed at tapping 3,000 mw of power in the next three years (details in box).
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RBI suggests alignment of existing debt recast pacts with scheme
The existing bilateral debt recast schemes between banks and some power distribution companies may be aligned with the government-introduced debt restructuring scheme, Reserve Bank of India (RBI) suggested. Last year, lenders entered into a debt restructuring agreement with power distribution firms in Uttar Pradesh, Rajasthan and Haryana Ćā who together owe
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