Steel makers in the country are complaining about lack of sufficient supply of iron ore, the key raw material for steel production, and also the increase in price by NMDC. Media reports suggest that steel firms are reducing their scale of operation and hence their capacity utilisation has declined because of shortage of iron ore. These firms
Author: admin (Infratructure Today)
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Ramayapatnam port project faces land issue
Andhra Pradesh government has reportedly rejected the claim made by Krishnapatnam Port that the proposed Ramayapatnam port project cannot be set up at an exclusive zone of 100 km radius. Sunil Sharma, Ports Secretary of Andhra Pradesh is quoted as saying by a leading media that there was no such thing as an exclusive zone of 100 km radius for Krishnapatnam Port. He clarified that the proposal to set up R
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UP has highest road projects worth Rs 55k cr: Assocham
As on August this year, Uttar Pradesh, with the highest share of over 33 per cent roads among states, has 15 road projects worth over Rs 55,000 crore under construction in the public-private partnership (PPP) model, says a study by trade body Assocham.
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Maharashtra has most operational toll roads: Study
The Associated Chambers of Commerce and Industry of India (Assocham) has stated that Maharashtra has 21 road projects worth over Rs 4,800 crore under operation in public-private partnership (PPP) mode as of August.
Uttar Pradesh has over 15 road projects (33 per cent) worth over Rs 55,000 crore under construction and Karnataka has 53 road projects (49 per cent) worth over Rs 25,000 crore under bidding, the apex industry body added.
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Highest PPP road projects are in Karnataka: Assocham
The Associated Chambers of Commerce and Industry of India (Assocham) has stated that Karnataka has the highest share of over 49 per cent with 53 road projects worth over Rs 25,000 crore under bidding in the public-private partnership (PPP) model.
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Kochi to become Air India Express’ headquarters from Jan
The Uniion Minister of State for Civil Aviation KC Venugopal has stated that the headquarters of Air India Express (AIE) will start functioning from Kochi from January 1.
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Banks admin offices allowed in Tier-I cities sans RBI nod
The Reserve Bank of India has stated on November 20 that banks need not seek permission from it to open administrative offices in large cities (Tier-I).
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Chidambaram predicts high growth in a year or two
Indian economy will be back in high-growth trajectory in a couple of years, Union Finance Minister P Chidambaram expressed confidence on November 20.
He said that there was no scope for gloom or despair.
Chidambaram said that the world economy slowed down in 2008 and the crisis continues and it is not clear if it would pick up in 2013.
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RBI tells banks to restrict financing of gold purchases
The Reserve Bank of India has asked banks in the country to restrict financing of purchases of gold in the form of bullion, jewellery and coins or units of exchange traded funds, in the latest of the measure to restrict gold imports to counter ballooning fiscal deficit.
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BP Plc’s plea for market price for natural gas
Europe's second-biggest oil company, BP Plc has demanded a market price for natural gas to enable immediate development of a huge 10 Trillion cubic feet of discoveries to help unlock up to 100-150 billion value.