Analysts feel that the recent cut in iron ore price by NMDC may not benefit steelmakers in a big way because the former reduced the price of only iron ore lump. The prices for the majority of product mix (iron ore fines contributing to 75 per cent of total output) remains unchanged at Rs 2,610 a tonne. Therefore, the reduction in iron ore lump prices by NMDC may not bene
Author: admin (Infratructure Today)
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OVL finds oil in Colombia block
ONGC Videsh (OVL), which has 70 per cent participating interest in an onshore oil block at llanos basin of Colombia, said it discovered oil in the block. The firm secured the block in the 2008 bidding round in Colombia with 100 per cent participating interest. Later in 2010, OVL divested the 30 per cent participating interest to Petrodorado
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AAI look for foreign players for Kolkata, Chennai airports
For operating and maintaining Kolkata and Chennai airports, the Airports Authority of India (AAI) has finally initiated the process to rope in foreign companies in line with the recommendations of a Planning Commission task force.
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Policy changes to boost investment in wind energy
To give a fillip to investment in India's wind energy sector the Union Ministry for New and Renewable Energy has suggested certain policy changes. The Ministry wants to reintroduce ‘accelerated depreciation mechanism’ which had earlier helped grow the wind energy industry.
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NHAI feels cost overrun as reason for exit from projects
RP Singh, Chairman of the National Highway Authority of India (NHAI) claimed that the change in the economic scenario and escalation of cost prompted two highway developers to exit mega projects recently. It may be recalled that GMR Infrastructure terminated the contract for the Rs 5,700 crore Kishangarh-Udaipur-Ahmedabad Expressway with NHAI on g
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Achieving 20 km/a day is not sustainable: NHAI
Due to delays in environment clearance and issues of land acquisition building 20 km of highways a day is not sustainable, National Highways Authority of India (NHAI) has said on January 17.
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MSRTC starts on-board catering to its Pune passengers
The Maharashtra State Road Transport Corporation (MSRTC) has planned to start on-board catering services in five buses plying on the Pune-Dadar-Pune route by next month. Passengers will soon be able to purchase snacks, fruit juices, cold drinks, tea/coffee during the journey. So the journey for passengers on board of Shivneri (Volvo) buses would got more comfortable.
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Set realistic road building targets: NHAI chief tells govt
National Highways Authority of India (NHAI) Chairman RP Singh said in Delhi on January 17 that there is not enough capacity in the system to construct 7,000-8,000 km of highways every year, that too on public-private partnership (PPP) basis. He said that the government should set a more realistic target on road construction of about 3,000-4,000 km a year.
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GMR, GVK cancelling projects due to unviability: NHAI
GMR and GVK infrastructure companies are walking out of mega road contracts as they are unable to arrange funding for those projects, the National Highways Authority of India (NHAI) has said.
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MoEF should decide over green nod for projects: NHAI
With the Prime MinisterÂ’s Office stepping in to resolve the row between the National Highways Authority of India (NHAI) and the Ministry of Environment and Forests (MoEF) over forest clearances to highway projects, the NHAI has communicated that the ball is now in the ministryÂ’s court.