Tata Steel expects to operationalise three million tonne steel plant in the first phase of its six million tonne greenfield steel project at Kalinga Nagar, by March 2014. This is despite the fact that the company has not been able to get raw material security for the project as allotments of mines are yet to come through. The project is co
Author: admin (Infratructure Today)
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Players can submit bids for pipeline projects on March 21
Media reports suggest that interested parties can submit bids for laying a 300-km gas pipeline connecting Reliance Industries’ coal bed methane production site in Shahdol, Madhya Pradesh, to Phulpur in Uttar Pradesh
on March 21. Reports quoted a Petroleum and Natural Gas Regulatory Board (PNGRB) official as saying that the board would start selling the bid documents on
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Srei Infrastructure sees IDF in 2 months
Having received approval from the Sebi for setting up an infra debt fund (IDF) through the mutual fund route, Srei Infrastructure Finance would begin the process now and hopes to launch it in January 2013. This information was given by Hemant Kanoria, Chairman and Managing Director of Srei to a leading media agency
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Finance dept kept in the dark while clearing projects
Jharkhand state cabinet is accused of approving two mega projects in road and power transmission sectors without engaging the finance department of the state government. The cabinet is said to have cleared a proposal from the road department for construction of the Rs 3,000 crore Ranchi-Bokaro Expressway. Also, it is said to have appr
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Govt to disclose final draft of GAAR in 10 days
The draft rules on general anti-avoidance rules (GAAR) prepared by an expert committee chaired by Parthasarathi Shome is sent to the prime minister and a final decision would be taken in 10 days. This information was given by Finance Minister P Chidambaram. The Shome committee suggested that the controversial rules be deferred until 2016-17 and that safeguards be put in place to ensure that taxpayers are not harassed by the rules that seek to deny tax bene
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Minister hopes to get revenue to control deficit
Speaking to reporters after a meeting of the Group of Ministers (GoM), Finance Minister P Chidambaram expressed hope of getting revenues from somewhere to control fiscal deficit within 5.3 percent of GDP. He remarked that there is still some time left in this financial year for carrying out disinvestment and auctioning of spectrum in the unbid
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Indian domestic air fare touches sky this Diwali
On Diwali eve (November 12, Monday), a one-way ticket for that evening's flight from Delhi to Lucknow, barely an hour's journey, was going over Rs 30,000. A Delhi-Bangalore ticket for Tuesday was between Rs 9,500 and Rs 42,500.
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ILS equipped Agra airport to get regular air connectivity
The Union Civil Aviation Ministry's recent announcement that the Agra airport is to get the service of Instrument Landing System (ILS) was welcomed by the Agra tourism industry. This could pave the way for the city to get regular air connectivity.
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AAI demands Kingfisher to pay dues
The Directorate General of Civil Aviation (DGCA) has been urged not to revoke Kingfisher Airlines licence until the debt-ridden carrier clears dues of Rs 273 crore to the Airports Authority of India (AAI). The DGCA has suspended KFA's licence on grounds of operational inefficiencies.
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Passengers of Coimbatore Airport to get more facilities
Coimbatore Airport Director K Peter Abraham has said that installation of Flight Information Digital System (FIDS) boards, Interactive Voice Response System (IVRS) and SMS facility for passengers are in the final stages at the airport and are likely to be inaugurated within the next seven to 10 days.