Total budgetary allocation for the sector (including PMGSY) raised by 6.7 per cent to Rs 89,544 crore from Rs 83,900 crore in the previous year.
Author: admin (Infratructure Today)
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Post Budget Analysis | Infrastructure: Railway
Higher capital expenditure outlay for the railways (increased by 11.8 per cent from 2017v18 and 22.1 per cent from 2017v18) at Rs 1.46 lakh crore to support infrastructure projects. Of this, the budgetary allocation from the government stands at Rs 53,060 crore (up from Rs 40,000 crore in 2017v18, and marginally lower than 2017v18).
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Post Budget Analysis | Metals: Iron and Steel
The government's thrust on infrastructure, which is one of the key end-user industries for the steel business, is an encouraging trend for steel demand. Within infrastructure, significantly higher capital expenditure earmarked for affordable housing, power transmission and railways is likely to augment steel demand.
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Post Budget Analysis | OIL & GAS
Provision of revenue expenditure/subsidy for sensitive petroleum products of ~Rs 217 billion for FY2019 and 2018v19 (BE), excluding allocation of new LPG connections to poor families.
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Momentum = Mass X Velocity
As I write this, our Prime Minister is already in the UAE, making his second trip in less than three years, to accelerate the infrastructure thrust that the two countries have agreed upon.
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EOSIL awarded contract by ONGC
Essar Oilfields Services India Limited (EOSIL) announced that it has been awarded a one-year, Rs 32-crore contract by ONGC to drill 30 wells at the latter's coal bed methane (CBM) block in Bokaro, Jharkhand. The Company will be deploying the MR#11 land rig for the job.
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India to get its first grid-scale energy storage system
AES India, a subsidiary of The AES Corporation, and Mitsubishi Corporation started construction on India's first utility-scale energy storage system, a 10 MW solution that will serve the electric grid operated by Tata Power Delhi Distribution Limited (Tata Power-DDL).
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ABB factory to manufacture power distribution products
The facility was inaugurated by Sanjeev Sharma, Managing Director of ABB in India in the presence of other dignitaries and customers from various sectors. ABB has been present in Nashik since 1978 manufacturing state of the art medium-voltage power products.
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Ambuja among top 10 in Global DJSI ranking
Ambuja Cements, a part of the global conglomerate LafargeHolcim and one of the leading cement manufacturing companies in India, has set new sustainable development benchmarks with the internationally renowned Dow Jones Sustainability Index (DJSI) 2017 ranking the Company at No. 7 in the Construction Material category.
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Siemens electrify Gujarat Metro Link Express
In a massive infrastructure boost to Gujarat, the Indian mass-transit operator Metro Link Express for Gandhinagar and Ahmedabad (MEGA) Company Limited has awarded an order of approximately Rs 579 crore to the consortium of Siemens Limited India and Siemens AG, Germany for electrification of the 39.2-kilometer Metro Express Link in Ahmedabad.