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.
Author: admin (Infratructure Today)
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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
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Kochi likely to get Rs 3,000-cr road project
The Kerala government is considering a Rs 3,000-crore project proposal for construction of new roads in Kochi city, the State PWD Minister VK Ebrahim Kunju has said. This includes construction of new roads connecting Kalamassery, Thrikkakara and the Kochi city.
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SCI posts net profit in Sept quarter
Extraordinary realisation helped Shipping Corporation of India (SCI) post a net profit of Rs 297.26 crore in the quarter ending September 30, 2012 against a net loss of Rs 1
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AAI commissions ILS in Agra airport
Recently, the Instrumental Landing System (ILS) was commissioned in Agra airport enabling it to provide horizontal and vertical guidance to landing and taking off aircra
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RGTIL pipeline capacity fixed at 85 mmscmd
In its November 2 order, the Petroleum and Natural Gas Regulatory Board (PNGRB) declared the capacity of the East-West gas pipeline of Reliance Gas Transportation Infrastructure (RGTIL) at 85 million standard cubic meter per day (mmscmd). One-third of this capacity will be available on common carrier basis
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WBHIDCO to allot vacant land
As part of its second phase development of the proposed financial hub at New Town near Kolkata, the West Bengal Housing Infrastructure Development Corporation (WBHIDCO) plans to allot six vacant plots totalling around 2.5 acre of land. The plots would be allotted on a lease-hold basis (for 99 years) and the cor