IL&FS Transportation Networks India hopes to increase its daily collection by way of annuity and toll from Rs.2 crore a day now to Rs 12 crore a day by 2015-16, Executive Director Mukund Gajanan Sapre told a newspaper. IL&FS Transportation Networks India is devising a multi-pronged approach to work around the road blocks.
Author: admin (Infratructure Today)
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Chandigarh to have a concrete road soon
In Chandigarh, the drive to Postgraduate Institute of Medical Education & Research (PGI) and Punjab Engineering College (PEC) will no longer be a bumpy ride as the Chandigarh civic body has given the road analysis project to Punjab Engineering College (PEC).
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Work on key road grade separator in Delhi to begin soon
In Delhi, work on Rani Jhansi grade separator is expected to start soon, after a delay of four years. The North Municipal Corporation has approved the commissionerÂ’s proposal of giving Delhi government land in exchange for the land that will be acquired from private property owners in Azad Market and Model Basti.
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REC to sell Rs 15 bn worth 5-year bonds
Rural Electrification Corp is in the process of issuing Rs 1,500 crore worth five-year bonds in order to raise capital for funding power projects. The state-run lender has fixed an annual coupon of 8.70 per cent for the bonds. It may be noted that the financial institution scrapped the plans of raising funds in the s
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ASSOCHAM warns against cut in export duty on ore
ASSOCHAM warned the government against reducing the export duty on iron ore as the industry body feels that such an action would encourage export and deprive the domestic steel firms of the crucial raw material. The warning from the industry body comes amidst demand from a section of the mining industry to review its e
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SAIL chief calls for focus on rural market
CS Verma, Chairman of SAIL remarked that there is tremendous scope for sale of steel in rural India given that per capita consumption of the alloy is at a level of only 15 kg in rural areas. Verma said this while reviewing the performance of the eastern region sales force of the company's Central Marketing Organisation (CMO) recently
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China depends less on India for iron ore
China's dependence on India for iron ore has been declining in recent years. The ban on mining in Karnataka and Goa have exacerbated the decline of iron ore export from India to China. Following this, China started relying more and more on South Africa and Australia for ore supply. In 2012, South Africa overtook India to become China's third-bigg
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Industry body calls for cut in import duty
Metal Container Manufacturers' Association suggested the union finance ministry to reduce the import duty on prime tinplate from 7.5 per cent to 5 per cent. The association said this in a pre-Budget memorandum. It argues that the industry has not been able to make major investments for modernisation as the fund
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EAC clears Cairn’s plan to raise output
The Expert Appraisal Committee (EAC) under the union environment ministry gave conditional clearance to the plan of Cairn India to raise crude oil output capacity from its Mangala Processing Terminal in Rajasthan. The approval would enable Cairn India to raise oil production from 175,000 barrels per day (bpd) to 200,000 bpd and associated gas from 35 to 40 million stan
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Govt may restart IOC stake sale
Reports suggest that the government may restart the process of divesting its stake in Indian Oil Corporation following the considerable rise in the share price of oil companies in recent trading sessions. In 2010, the government deferred its plan to offload 10 percent (of its 78.92 percent) stake in Indian Oil because of poor market condition