The Environment Ministry has allowed a major relaxation for faster execution of all ´linear´projects including roads, rail, power transmission lines, water supply lines and laying of optic fibre cables.
Author: admin (Infratructure Today)
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Telangana for early completion of power projects
Telangana Chief Minister K Chandrasekhar Rao has sought the completion of power projects being taken up by State power generation corporation (Telangana Genco) within a fixed time-frame.
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Abhijeet Group plant up for sale
Banks are making a second attempt to sell Corporate Power Limited (CPL), an Abhijeet Group company, to recover their dues. Adani Group, India Power Corporation and JSW Power have evinced initial interest in the deal. The companies have purchased bid documents, which makes lenders hopeful that they may be taking part in the auction eventually.
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Power Ministry cancels UMPP bids
The Ministry of Power has decided to cancel the two-year-long bidding process for two ultra mega power plants (UMPPs) in Tamil Nadu and Odisha. The decision comes in the wake of private companies pulling out of the process, with public sector units NTPC and NHPC emerging as the only bidders.
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Private power firms may shift to regulated tariff
The government is considering giving a one-time option to private power companies to shift to regulated electricity tariff from tariff discovered through competitive bidding.
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Coal Ministry taking steps to boost coal supplies
The Coal Ministry has said it is working in tandem with the Railway Ministry for expeditious laying of three critical rail lines in three States to transport the dry fuel.
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Govt may slash MAT on SEZs
In what could be a major boost to India´s Special Economic Zones (SEZs), the government is set to reduce the Minimum Alternate Tax (MAT) on Special Economic Zones (SEZ) from 18.5 per cent to 7.5 per cent.
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Duty hike on petrol, diesel to fetch Rs.10,500 crore
The government will get an additional Rs 10,500 crore in the current fiscal from hike in excise duty on petrol and diesel.
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Gas price in India to dip to $5 in 3 years
The new natural gas price of $5.61, which is already among the lowest in Asia Pacific, is likely to drop to around $5 per unit in three years due to the variables included in the formula, Goldman Sachs has said.
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E-toll system to save Rs.88,000 crore
The electronic toll (e-toll) collection system introduced in the country will help save Rs 88,000 crore and cut waiting time at toll plazas significantly, Road Transport and Highways Minister Nitin Gadkari has said.