Aban Offshore's joint venture, Venture Drilling, decided to redeliver its idle drillship Deep Venture so that it may reduce the maintenance cost on it and benefit from the resultant cash flow.
Author: admin (Infratructure Today)
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Centre mulls OVER terminal
The government plans to build a mega container terminal that can handle four million twenty feet equivalent units (TEUs) of containers per annum at Chennai.
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Mosmetrostroy, Gammon JV to build tunnels, stations
Chennai Metro Rail has decided to award the last big construction contract of tunnels and seven underground stations along Anna Salai, to a joint venture company of Gammon India and Mosmetrostroy of Moscow.
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Min okays Rs 50,000 cr electric fund
In a move to help quicken the flagging pace of distribution reforms in the power sector, the Union Finance Ministry has approved the creation of a Rs 50,000 crore National Electricity Fund for attracting investment in this area.
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Siemens wins equipment contract
Siemens AG, Germany, and Siemens India consortium were awarded a Rs 305 crore contract for power supply and overhead equipment by Chennai Metro Rail.
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River sea: Seamless navigation
River-sea shipping is non-existent in India despite a change in the MS Act to that effect two years back. Captain Philip Mathew explains why seamless navigation between sea and rivers has a transformational capability.
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Expertspeak: The case of the missing treasure map
Has the map gone missing? The targets that the MA 2020 has set are aggressive, but a sense of realism does not set in when a commendable effort to define the 'what' is not followed by a systematic 'how-to'.
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Budget Analysis: Thumbs up … well, almost
The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.
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Budget Reactions 2011
Service tax exemption of 25 per cent from taxable value is being provided to services of transport of coastal goods and goods transported through national waterways or inland water with no CENVAT credit of taxes paid on inputs, input services and capital goods. The effective service tax rate is 7.725 per cent.
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All that shines
As it has been reported in the media, more than half of our country’s infrastructure projects are running overtime, and PPP projects are delayed more than EPC projects.