India has signed a deal with the United Arab Emirates, allowing the Gulf nation to fill the countryÂ’s strategic storage facility in southern India.
Author: admin (Infratructure Today)
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Maharashtra forms new firm for state rail projects
Maharashtra has passed a Government Resolution declaring the formation of the Maharashtra Railway Infrastructure Development Company Limited (MRIDC), a joint partnership between the state government and the railway ministry.
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ReNew Power plans to raise $450 million through bonds sale
ReNew Power Ventures has launched a sale of bonds to overseas investors to raise $450 million. This will be a uniquely structured deal, where dollar-denominated bonds will be issued by an offshore entity unrelated to the company that will in turn invest in masala bonds issued by ReNew Power of the same value.
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SCC roundtable on technology modernisation for safer and smarter city
With Prime Minister Narendra Modi’s vision of ‘Smart Cities’, the role of data and IT, especially video surveillance in enhancing security will become vital. Under the flagship “Safe City” project, the Union Ministry has proposed $333 million to make seven big cities—Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Bengaluru and Hyderabad—focus on technological advancement.
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Coal Ministry to move Cabinet for fuel linkages to power sector
The Coal Ministry will soon seek Cabinet approval for the auction of coal linkages for the power sector.
“It is broadly finalised. We will take it to the Cabinet soon,” said Coal and Power Minister Piyush Goyal. “We will soon go for inter-ministerial consultations. The whole process has been finalised.”
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PMAY approvals cross 15 lakh with investment of Rs 82,708 cr
The Ministry of Housing & Urban Poverty Alleviation has asked all states and Union Territories to submit proposals for construction of affordable houses for the urban poor at the earliest so that the ‘Housing for All’ target in urban areas could be met by 2022 as envisaged.
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Minister of Railways unveils ‘Mission 41k’
Minister of Railways Suresh Prabhu unveiled ‘Mission 41k’ during a roundtable discussion with external stakeholders on energy initiatives taken up by the Indian Railways. Prabhu said that the Ministry of Railways had come up with Mission 41k to save Rs 41,000 crore in the next decade in Railways’ energy costs.
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Iron ore shipments up 154percent through Major Ports
Iron ore cargo through Major Ports has logged the sharpest growth among all commodities in the April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonnes (MT) to 32.4 MT, a rise of 154 per cent.
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Cairn India gets nod for drilling 64 exploratory and appraisal wells
A committee under the Ministry of Environment, Forests and Climate Change has given the green signal to Cairn India for undertaking drilling works of 64 exploratory and appraisal wells in KG-OSN-2009/3 block in KG basin at Prakasam and Guntur districts of Andhra Pradesh.
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NTPC’s 250 MW unit at Bihar begins commercial operations
NTPC has announced that its commercial capacity has increased to 46,178 MW after its subsidiaryÂ’s 250 MW unit became operational at Nabinagar in Biharcommercially