The company had recorded provisional production of 12 MT against a target of 11.70 MT as of February 2016, according to a BSE filing by parent company Coal India Ltd. Coal India Ltd is looking at a production target of 1 billion tonnes of coal by 2020.
Author: admin (Infratructure Today)
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IRB to raise Rs 4,300 crore through InvIT Fund
IRB InvIT Fund will become IndiaÂ’s first such fund. Currently, IRB has road assets close to Rs 30,000 crore (Rs 19,000 crore are operational; Rs 11,000 crore is under construction).
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Key private airports need Rs 27,000 crore for capacity expansion, says CRISIL
The four major private airports would require an investment of Rs 27,000 crore for expanding their existing capacities — which has reached saturation point, by 2021, according to a recent report. New Delhi, Mumbai, Hyderabad and Bengaluru cater to nearly 55 per cent of the country’s total air traffic.
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HDFC Bank to raise Rs 50,000 crore via infra bonds, debt securities
HDFC Bank has said that it will raise up to Rs 50,000 crore through debt securities and infrastructure bonds over the next 12 months. In a filing to the BSE, the institution said the Board has approved the issue of debt instruments, Tier-II bonds and long-term infrastructure bonds of up to Rs 50,000 crore.
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SCCL to supply 1 million tonnes of coal to NTECL
The Singareni Collieries Company Limited (SCCL) will supply one million tonnes of coal a year to the NTPC Tamil Nadu Energy Company Limited (NTECL), a joint venture thermal power project of NTPC and TANGEDCO at Vallur (Tamil Nadu).
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Jain Irrigation bags Rs 569-cr Karnataka project contract
Jain Irrigation Systems has bagged a Rs 569-crore contract from the Karnataka government for the Poorigali Integrated Micro Irrigation Project. The company said in a BSE filing that it has been awarded the Poorigali Integrated Micro Irrigation Project by Cauvery Neeravari Nigam Ltd, Government of Karnataka, through national competitive bidding.
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CREDAI protests cement price hike, seeks Centre’s intervention
The Confederation of Real Estate Developers’ Association of India (CREDAI) has sought government intervention to check rising cement prices. The entity said that the spike could “create unnecessary roadblocks and impediments” in achieving the goal of ‘Housing for All’ by 2022. Cement prices have witnessed a sudden jump of 20-40 per cent over the past two months across the country, says CREDAI.
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MEP Infrastructure signs MoU with CIDB’s Malaysian arm
MEP Infrastructure Developers has signed an agreement with an arm of the Construction Industry Development Board (CIDB Malaysia) for joint development of projects in India. “The company has entered into a Memorandum of Understanding with CIDB Holdings SDN BHD to promote and develop their cooperation by knowledge sharing and introducing best practices towards joint development of highways and expressways projects in India and related investment,” the company said in a regulatory filing.
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Build green corridors to meet clean energy target of 175 GW, says CII
Major Renewable Energy players have called for state-level policies and green corridors to achieve the national target of ‘175 GW by 2022’ at the 4th CII Renewable Energy Summit which was recently held at New Delhi.
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Minister wants Big Data analytics & application centre for steel producers
Chaudhary Birender Singh, Minister for Steel, Government of India, has called for primary and secondary steel producers to “come together” to establish a ‘Big-data Analytics & Application Centre for Steel’ with the objective of pooling resources and information available with all steel companies and analysing the collated data. He was addressing a gathering of top executives from the steel industry at the ‘India Steel 2017’ conference which was recently organised by FICCI in Mumbai.