Fear of Reliance Infrastructure exiting Haryana's maiden toll road project - the Gurgaon-Faridabad highway Ćā looms large as the company has been incurring a daily revenue loss of at least Rs 10-Rs 12 lakh since trucks are not paying toll charges and also damaging toll plazas.
Author: admin (Infratructure Today)
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Lane-changing zones to come up on 674 roads in Delhi
To improve lane driving in Delhi, the State PWD will create 'lane changing zones' well before a flyover or a cut comes up on a road. This will be done by painting arrow signs on the lanes and putting up road signs well ahead to avoid last-minute cross-weaving of traffic.
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Aranmula airport project gets nod from Centre
In Kerala, the private sector KGS Aranmula International Airport has received the crucial Ćāin-principle approvalĆā of the Union Ministry of Civil Aviation. The approval is effective from September 4, 2012. PT Nandakumar, Executive Director of the airport company, said that this is the final clearance granted by the steering committee of the Ministry chaired by Secretary, Civil Aviation.
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Bhushan Steel about to complete expansion project
Bhushan Steel is reportedly nearing completion of its 3 million tonne (mn t) capacity expansion project at its Odisha plant and the firm expects to begin hot metal production from the new blast furnace by March. Presently, the firm has a production capacity of 2.5 mn tpa (million tonne per annum) and it produces secondary steel products like cold-rolled coils, galvanised coils
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JSW Steel announced 8% rise in output
In October-December 2012, production of crude steel at JSW Steel expanded only 8 per cent to 20.94 lakh tonne because of impediments like shortages of iron ore. In Oct-Dec 2011, the company produced 19.39 lakh tonne (l t) crude steel. But production declined nearly 3.60 per cent from the preceding quarter, when it had produced 21.72 lakh tonne (l t) crude steel
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Uttam Galvas Steels sees recovery in export
Uttam Galva Steels has reportedly witnessed recovery in the sale of its products in the European and US markets. The company, which is an associate of ArcelorMittal, realised 40 per cent of its Rs 5,475 crore total turnover from exports in the last financial year. ArcelorMittal holds 34.42 per cent stake in the firm.The firm
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Prime Minerals exports 72,892 t ore to China
Recently, around 72,892 tonne of iron ore fines mined in Maharashtra was exported to China from a port in Goa by Prime Minerals Exports. Reports suggest that this is the first shipment of iron ore to China from India since a ban on mining in Goa took effect in October 2012. In October last year, Supreme Court banned mining in Goa after allegations of illegal mining from a federal gove
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NMDC board may revise price or ore next month
Agency reports suggest that the board of NMDC would meet on in the first week of February in order to review the price of iron ore. Industry sources expect the firm to raise prices for February given that ore price at the international market is rising considerably. From $90 a tonne in last September, iron ore price has
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OIL in the process of drilling wells in KG basin
Reports suggest that by the middle of 2013, Oil India (OIL) may start work on drilling wells in the KG Basin. OIL is said to be in advance stage of mobilising the rigs to the exploration site and the work is expected to by June-end or early July 2013. As part of its plan, the firm would drill three shallow wells and three deep water wells at a total cost of aro
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Adani Group eyes port in eastern India
Expecting tremendous potential for the port sector, Adani Group plans to spend around $1 billion to acquire a private sea port on the country's eastern coast before March 31. Gautam Adani, Chairman of the firm said this in an interview. Adani Group, which runs one of India's largest ports, at Mundra in western India, is also developing ports in Da