According to analysts, the movement of rupee against the dollar holds key for the future price movement of petrol in the domestic market. Recently, the price of petrol was reduced by oil marketing companies (OMCs) for the second time since 9 October 2012 because of the decline in crude oil prices in the international market
Author: admin (Infratructure Today)
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Thales group firms bag contracts for metro rail project
Some of the group companies of French conglomerate Thales group bagged contracts for signalling and train control, and communication systems for Hyderabad metro rail project. While the contract for signalling is bagged by Thales Canada along with Thales India, that for communication is se
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Slowdown hits NHAI’s projects in this fiscal
The National Highways Authority of India (NHAI) awarded a whopping 49 projects totalling 7,500 km last financial year. but this fiscal, in the first six months, the authority has managed to award just four projects measuring 560 km. NHAI attributes this situation to economic slowdown.
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Bhopal city roads to be renovated: Minister
Madhya Pradesh Urban Administration and Development (UAD) Minister Babulal Gaur has said that various roads of Bhopal city measuring 200 kilometres will be renovated for the convenience of citizens. As the people of Kolar area in the city demanded, steps will be taken to merge the Kolar Municipality into Bhopal Municipal Corporation, Gaur added.
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Maha spends Rs 2,368 cr on its roads
Maharashtra has a road network of 2,41,000 km. The stateĆ¢ā¬ā¢s expenditure on roads has increased from Rs 539 crore in 2005 to Rs 2,368 crore. In 1996, the state government decided to formulate a private-public-partnership (PPP) policy to finance its Road Development Plan (1981Ć¢ā¬ā2001), which in turn called for about Rs 26,000 crore of investments.
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Pimpri civic body to build 18 meter road in Kiwale
An 18 meter wide road will be constructed in Kiwale in Pimpri Chinchwad city at an expenditure of Rs 2.21 crore by the Pimpri Chinchwad Municipal Corporation (PCMC). A proposal seeking approval for the work will be tabled before the standing committee meeting to be held on November 20, said Makrand Nikam, Executive Engineer, PCMC.
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Rajasthan to get nod for Rs 4,355 cr road project
For Rajasthan, the Union Government is likely to approve a Rs 4,355 crore project for construction of 1,300 km roads, Union Minister for Road Transport and Highways C P Joshi said on November 18. The construction of 1,869-km long roads in the state was completed at a cost of Rs 12,000 crore and work on an additional 1,243-km is underway, he said at a function in Jaipur.
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Govt inspects road repair works in Senapati district
In Manipur, the civil organisations based in Senapati district have inspected the ongoing repairing works along National Highway 2 from the Manipur-Nagaland border at Mao Gate to Senapati district headquarters on November 17. The civil authorities witnessed that considerable progress has been made.
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Work to restart soon on Trichy’s road overbridge
Construction of the road overbridge across the railway level-crossing on the Oyamari road in Tiruchirapalli city, which had come to a halt over the past few months, is set to resume soon. The bridge project was sanctioned at a cost of Rs.28.50 crore. It will connect Chinthamani area of the city with the Chennai Bypass Road.
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KPMG to work on pricing plan for NMDC
Consulting firm KPMG would work on the pricing mechanism for iron ore supplied by NMDC to steel companies in the country. The country's largest iron-ore producer has hired KPMG to devise a pricing mechanism following complaints by steel companies that NMDC is overcharging them. Media reports suggest that the new pricing mechanism may be implemented