In a move that signifies the early inauguration of the Rs 4,000-crore L&T port-cum-shipyard at Kattupalli in North Chennai, Tamil Nadu government held talks with the firm on the issue of jobs. Reports suggest that officials from various ministries of the state government held discussions with the c
Author: admin (Infratructure Today)
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Odisha govt takes steps to develop minor ports
Odisha government is taking various steps to develop minor ports in the state. It may be noted that the state government received clearance from the centre for such projects. Consequently, the state government wants to engage Rail India Technical and Economic Services (Rites), which is the engineering and consultancy arm of India
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KoPT demands import duty from HBT
ABG Haldia Bulk Terminals (HBT) is said to have received a notice from the customs department of the Kolkata Port Trust (KoPT) demanding import duty on equipments. It is learnt that equipment of Rs 75-80 crore was imported without paying duty for operations at berth num
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Centre upgrades 6 highways in AP to national highways
Andhra Pradesh Chief Minister N Kiran Kumar Reddy thanked the central government for upgrading six state highways in the state into national highways. The six highways are Naidupeta-Renigunta; Sangareddy-Nanded-Akola; Mydukur-Gooty; Rayachoti-Kurabalakota; Hyderabad-Srisailam-Thokapalle and a stret
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Ten major firms race to build 3,300-km freight corridor
For the 3,300-km Dedicated Freight Corridor (DFC) project, Indian and global construction companies are vying for around Rs 12,000 crore worth of civil works for two stretches. Among these are not only the Tatas, Essar and IVRCL Infrastructures Projects Ltd, but also Chinese, Russian and Spanish firms. The eastern corridor of the DFC is from Ludhiana to Dankuni (West Bengal). The western one is from Dadri, close to Delhi, till Navi Mumbai.
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RBI allows infra finance firms to borrow more via EBCs
Infrastructure finance companies can raise funds upto 75 per cent of their net worth through external commercial borrowing (ECB) without seeking clearance from the Reserve Bank of India (RBI). This is because the central bank liberalised the norm in or
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Odisha govt targets Rs 50 bn worth PPP projects
During the 12th Five-year Plan period (2012-17), Odisha government plans to commission Rs 5,000 crore worth PPP (public private partnership) projects. The state government has already operationalised 12 projects while nine are under various stages of construction. These are part of the 54 projects identified by the state government for implementation on the PPP mode
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India steel demand may grow faster than global growth
According to industry players, steel demand in India would grow faster than the demand growth across the globe during 2013 because of better economic growth in the country. According to Chandra Shekhar Verma, Chairman of Steel Authority of India (SAIL), India is a "demand centre where steel growth would rise in multiples of 1.2 of gros
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Brokerage expects mixed profitability of oil and gas firms
In its recent report on earnings of oil and gas sector, Angel Broking said it expected mixed profitability performance of the companies in this sector during Oct-Dec 2012 quarter. The brokerage expects the top-line of Reliance Industries (RIL) to rise 5.7 percent yoy on account of higher prices of petrochemicals. However, its operating profi
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Brokerage expects mixed profitability of oil and gas firms
In its recent report on earnings of oil and gas sector, Angel Broking said it expected mixed profitability performance of the companies in this sector during Oct-Dec 2012 quarter. The brokerage expects the top-line of Reliance Industries (RIL) to rise 5.7 percent yoy on account of higher prices of petrochemicals. However, its operating profi