London based metals and minerals research house Roskill Information Services expects prices to remain above $120 per tonne for 63.5 percent Fe content India
Author: admin (Infratructure Today)
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Ramky achieves financial closure for Hospet road project
For the Rs 1,103-crore Hospet-Chitradurga tollway road project in Karnataka, Ramky Infrastructure has achieved financial closure. The company closed finances through debt syndication of Rs 830 crore to execute the road project.
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BBMP may cancel contractor of Mysore Road work
The Bruhat Bangalore Mahanagara Palike (BBMP) is planning to cancel the agreement with the contractor of Mysore Road widening work as the BBMP is not at all happy with the tardy progress in the work. Presently Mysore Road in Bengaluru is causing inconvenience to road users.
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NHAI to let firms to start projects after land acquisition
The National Highways Authority of India ( NHAI) has decided on rolling out projects only after the contract companies have substantial land required for the project and are given environmental clearance.
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NHAI to secure land, nod before starting road projects
In view of delay in several road projects owing to land acquisition issues, National Highways Authority of India (NHAI) henceforth decided to start road projects only after acquiring substantial land. The authority would also ensure that environmental clearance is in place before starting projects. Through this move, NHAI wants to ensure that once a project starts on ground there is no brake and the objective is timely com
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Road sector’s slowdown hits construction equipment sales
Construction equipment market in India has been shrunken due to the slowdown in road projects and delays in environment clearances. The present construction equipment market in the country is valued at $3.5 billion. A ban on quarry activities in many States has also impacted the sector.
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JICA agrees to lend Rs 200 bn for mega corridor project
Japan International Cooperation Agency (JICA) agreed to lend JPY 295 billion (about Rs 20,000 crore) for the two routes in the proposed Dedicated Freight Corridor (DFC
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AP govt to resolve issues related to metro project
Andhra Pradesh Chief Minister N Kiran Kumar Reddy assured L&T Metro Rail Hyderabad, which implements metro rail project in the city, that the state government would resolve issues related to the project. During a meeting with L&T Metro Rail Hyderabad Chairman YM Deosthalee and Managing Director VB Gadgil, Reddy said the special task force headed by the Chief Secretary would meet more frequently and r
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Bankers to lend Rs 8.3 bn for Rs 11 bn road project
A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karn
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State discusses share transfer in metro project
At a recent meeting, the West Bengal government discussed with the Indian Railways the process of initiating the transfer of its 50 per cent share in the Rs 4,87