Media reports suggest that public sector trading firm MSTC plans to set up a automotive and white goods steel scrap shredding unit in Dahej at a cost of Rs 120 crore. The plant, to be located at Dahej, may be operationalised in the first half of 2013-14. For installing the unit, to be built on a 20-acre plot, selection of an EPC contractor would be done through a global tendering
Author: admin (Infratructure Today)
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Govt to make public bidding norms for CGD projects
S Krishnan, Chairman of Petroleum and Natural Gas Regulatory Board (PNGRB) informed that the government would make public the fresh guidelines on bidding for the city gas distribution networks in the country for public feedback in 12 weeks. Krishnan informed this on the sidelines of a seminar on natural gas. He also said that the board would then issue the f
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Multiple pricing discourages private investment
Experts argue that the multiplicity of price points in the natural gas and petroleum sector in the country discouraged private investment.Multiplicity of price points has created market distortions in sectors such as city gas distribution, as it led to considerable differences in prices for end-consumers. There are multiple price points, depending on the source and
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Rise in world oil prices dents margin of OMCs
Owing to the recent rise in the international petrol price and depreciation of rupee, the marketing margin of Oil marketing companies (OMCs) on every litre of petrol declined considerably. During the second fortnight of November, the average international price rose to $118.64 a barrel from $113.74 a barrel in the first fortnight. The dollar-rupee exchange has
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Govt plans to link Faridabad and Gurgaon with mono rail
Addressing a rally in Faridabad, Haryana Chief Minister Bhupinder Singh Hooda said he plans to set up mono-rail between the city and Gurgaon in order to give a fillip to the development of the area. He said the government would work out the modalities of the project. Meanwhile, he said that under Jawaharlal Nehru National Urban Renewable Mission, developmental work
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Ministry officials to discuss EPFO investment in IDF
Reports suggest that the officials of labour ministry and the finance ministry may soon discuss the issue of allowing EmployeesĆā Provident Fund Organisation to invest in infrastructure debt funds (IDF). Presently, EPFO is not allowed to invest a part of its Rs 5 lakh crore corpus in the IDF. It is learnt that the organisation, through the labour ministry, has already begu
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Primary mkt fund raising declines 41%
Data released by Sebi shows that fund raising by Indian companies through issue of equities and bonds in the primary market declined 41 per cent to Rs 9,483 crore in April-October 2012. During the year-ago period, the number was Rs 16,131 crore. Data shows that companies raised Rs 9,483.2 crore through 30 issues during Apr-Oct 2012 as against Rs 16,1
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Firms seek debt recast for 2nd time
More and more companies are applying for second round of corporate debt restructuring (CDR) because of their inability to service loans, a report by brokerage firm Prabhudas Lilladhar shows. The report shows that not only is the number of debt-restructuring proposals reaching CDR cell on the rise, the quality of cases is
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PE firms offload stakes in realty projects
Reports suggest that private equity funds that invested in IndiaĆās real estate sector during its best years in 2006 and 2007 are offloading their stakes in the projects. These funds are now looking to exit and return money to investors as they had an investment horizon of around five years. The latest to join the trend is Indiareit Fund Advisors whic
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Govt to take early decision on NIB
Finance Minister P Chidambaram informed Rajya Sabha that the government would take an early decision on the proposal to set up a National Investment Board (NIB) under Prime Minister Manmohan Singh. The board is intended to expedite clearances for mega projects. A proposal is under consideration for constitution of a Cabinet committee with Prime Minister as ch