As 86 blocks, including 54 recently cleared by the Forest Survey Institute, go under the hammer, they become the largest number of blocks to be auctioned in a single financial year after 1998. These blocks, likely to be put on auction this month, are likely to garner investment worth $15 billion. Rahul Kamat presents reports on the basis of his interaction with M Veerappa Moily, Union Minister for Petroleum and Natural Gas.
Author: admin (Infratructure Today)
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Infra sector will regain momentum only in medium-to-long term
It seems controllable and uncontrollable factors have converged on the infrastructure sector, causing lenders and investors to step back in their plans. Ranjit Manjarekar, COO Infrastructure Finance, Tata Capital, tells Infrastructure Today that lack of visibility of returns, stemming from uncertainties, is a big dampener, but tells us how his firm is manoeuvring around the roadblocks to identify the right segments to go after.
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Lifting solutions from Konecranes
Konecranes introduces lifting solutions that provide high levels of flexibility, performance, and safety. They have been developed to meet the needs of the steel industry -from the raw material handling to the steelmaking, rolling and refining processes. Konecranes supplies all types of cranes, such as ladle, charging, billet, slab, coil, bar and plate handling, and scrap yard.
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HCC gets IRCON contract
Hindustan Construction Company (HCC) has been awarded a contract worth Rs 442.52 crore by IRCON International to construct one tunnel and two bridges between Aprinchala and Sumber stations on Dharam and Qazigund Section of the Udhampur-Srinagar-Baramulla New Broad Gauge Railway Line Project. The project will be completed in 48 months.
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The slip between the cup and the lip
India wastes one out of every six sacks of fruits and vegetables ever year due to a cold chain system that fulfils less than half the requirement. Investment of Rs 55,000 crore is needed to catch up, an industry report says.
Although report after report has pointed out how India wastes its produce whether it is foodgrains or cash crops the logistics and ware¡housing industry in India remains woefully inadequate and of poor quality. A new report on the world´s second largest producer of fruits
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Lanco unit wins energy conservation award
Lanco Kondapalli Power Plant situated at Kondapalli Industrial Development Area near Vijayawada, has been awarded the National Energy Conservation Award 2013 in the award function held recently at Vigyan Bhavan, New Delhi. President Pranab Mukherjee presented the award to the Director & CEO of Lanco Kondapalli Power, P Panduranga Rao. Lanco Kondapalli Power Plant won the National level first prize among gas-based power plants in the thermal power sector.
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Warehousing: The truck stops here
How do you organise a largely unorganised industry? India´s storage industry has lagged behind the transportation industry that it so heavily depends on. With cold chains now being an industry and FDI in retail entailing huge investments in storage, can we expect some movement?
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Spearheading localisation
In his more than 32 years of service with Siemens, RK Chugh has a diverse set of business experiences, across verticals in the power transmission and distribution (T and D) and the Automation and Drives (A and D) industry. Chugh is currently the Division Cluster Lead, Smart Grid Division of Infrastructure and Cities Sector, South Asia Cluster. He is the driving force behind the success of the diverse and growing portfolio of the Siemens Smart Grid products, systems and solutions across the indus
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Exit policy faces hurdles
The Union Government, which had announced the exit policy for highway projects in last July, has now said that the policy does not require any reworking. With this, the exit policy to release the much-needed equity into the sector, has hit a fresh hurdle. As per the policy of the National Highway Authority of India (NHAI), concessionaires could be substituted after approval from lenders and a new special purpose vehicle (SPV) would be formed to take over the project.
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CCI nod sought
Approval of Cabinet Committee on Investment (CCI) is being sought by the Ministry of Coal to expedite development of allocated mining blocks where no cases or FIRs have been filed by the CBI. Since May 2012, the CBI has registered three preliminary enquiries regarding alleged irregularities in coal block allocation and has filed 14 FIRs. Forty seven coal blocks have been deallocated out of 218 coal blocks allocated to public and private firms, holding estimated geological reserves of about 50 bi