Weekly Insight learns from top government sources that Adani Ports and Essar Ports received approval from the union home ministry to participate in the 4,000-crore mega container terminal project in Chennai Port.Chennai Port plans to set up a mega container terminal, with a capacity of 4 million TEU (Twenty foot-equivalent units). The proposed terminal has been envisaged as the large
Author: admin (Infratructure Today)
Post
Post
Ministry mulls steps to develop corporate bond mkt
In order to develop a vibrant corporate bond market, the union finance ministry is reportedly planning some steps in collaboration with Reserve Bank of India (RBI) and the ministry of corporate affairs (MCA). Media reports suggest that the ministry plans to give statutory liquidity ratio (SLR) status to corporate bonds in order to encourage banks to
Post
Maldivian Airlines, Apollo tie-up to benefit mutually
To benefit mutually Maldivian Airlines and the Chennai-headquartered Apollo Hospitals have got into an agreement to give discounts to each others’ clients. For example, Apollo Hospitals will give a discount on its service charges for those who fly the airline, and the airline will give similar discounts to the hospital’s patients on the airfare.
Post
Air India to repay part of debt by raising funds
In order to reduce its interest outgo on the current dues, Air India plans to repay some of its debt that carry high interest rate. As part of this initiative, the airline plans to borrow Rs 900 crore from banks through issue of bonds. The amount would be used to repay a part of its debt. Air India is said to owe around Rs
Post
Air India’s hangar functioning reviewed
The Joint Secretary of Union Civil Aviation G Ashok Kumar visited the Air India maintenance, repair and overall (MRO) facility at the Trivandrum International Airport on November 19 to review the functioning of the recently installed facility.
Post
Steel Exchange commissions 50 mw plant
In a communication to stock exchange, Steel Exchange India has commissioned a 50 mw boiler and turbines at its Captive Power Plant at Kothavalasa in Andhra Pradesh. This is part of the 60 mw captive power plant being set up by Simhadri Power, a special purpose vehicle (SPV) prom
Post
Nalco to seek temporary permit for bauxite mining
Ansuman Das, Chairman and Managing Director of National Aluminium Co (NALCO) said the firm would
apply for a temporary permit to resume bauxite mining
at Panchpatmali mine in the Koraput district of Odisha. The mining lease expired recently and following this the firm suspended operations at the mine in eastern India, which is its only bauxite mine
Post
Indian firms imported 85.9 mn t oil till Sep
Crude oil imported by Indian refining companies stood at 85.959 million tonne during the April-September 2012. It is learnt that Indian companies are reducing their import from Iran and are instead increasing their dependence on other countries like Iraq, Venezuela, Kuwait for sourcing crude
Post
Section of Congress seek hike in LPG cap
Media reports indicate that some section of the ruling Congress party want the government to raise the cap on the number of subsidised cooking gas per household per year. Recently, the government decided to limit the number of subsidised cooking gas per household per year to six and this has reportedly increased hardships for common man
Post
OVL aims to raise output
In an interview to a leading media, a top official of
ONGC Videsh (OVL) informed that the firm aims to produce 20 million tonne of oil and gas by 2017-18 and 60 million tonne by 2030. If the company achieves this target, its contribution would be 46 percent of ONGC group production by 2030, against existing 15 percent, the official is quoted as sa