To modernise their set up and expand their operations, metal and mining PSUs-SAIL, NMDC and RINL plan to invest nearly Rs 15,000 crore next fiscal. Steel Authority of India (SAIL) will spend Rs 9,000 crore next fiscal, followed by iron ore miner NMDC Rs 4,345 crore and Rashtriya Ispat Nigam (RINL) Rs 1,600 crore to expand and modernise their operations.
Author: admin (Infratructure Today)
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Jharkhand to get another 3,000 km rural roads
The Union government has agreed to sanction another 3,000 km rural roads to Jharkhand under the central scheme, Pradhanmantri Gram Sadak Yojana (PMGSY) in the next financial year.
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Stir demands to pace up repairs to bridge
In Mumbai, residents of Kalina-Kurla area staged a road blockade (rasta roko) and demanded the authorities concerned to complete work immediately on the Kalina-Kurla bridge over Mithi river. The protesters blocked traffic on LBS Road to a standstill for close to half an hour.
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IRB’s traffic growth slow on State h’ways
For the second quarter ended September, IRB Infrastructure's traffic growth has been slower due to traffic at its state highway road projects shrank when compared to last year. The company stated that traffic at three of the company's state highway projects shrank two to three per cent.
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A Disconcerting Year For PPP Ends
This year was truly a vortex of a perfect storm, yet it has been a year of contrasts. The Indian industry is in dire need of political stability and the strength of leadership at the Centre, but at the same time, India recently overtook China as the most attractive investment destination in the world. This year, foreign institutional investment (FII) is at its peak, having crossed Rs 1 lakh crore.
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ExpertspeakTowards independent governance
Arguing that PSUs must be made more independent, UD Choubey explains how better vigilance can make institutions more transparent and ensure they are the custodians of public money that they are meant to be.
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It is good to be under RBI regulations as an NBFC
India Infrastructure Finance Company Ltd (IIFCL) may not see a paradigm shift because it was recently bestowed the NBFC status. Yet the company now hopes that regulation will help define its processes and growth better, Harsh Kr Bhanwala, Executive Director, IIFCL, tells Shashidhar an undaiah.
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Diversification and innovation are essentials
PSUs now believe in diversification a railside warehousing PSU is now expanding into cold chains, SEZs and FTZs. Vinod Asthana, MD, CRWC, tells Garima P and Shashidhar Nanjundaiah why this is a natural progression in the competitive world of logistics.
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CPSUs the cash machines
As the government prepares to divest PSUs and raise Rs 54,000 crore, it will simultaneously urge PSUs to invest in infrastructure projects. While this is a smart move to reinvigorate the stranded sector, the irony of public sector investment in private side of equity is not lost. While they stare at a disappointing year for PSUs on the stock exchanges, what has galvanised many of these mammoth organisations that have transformed these custodians of public money into vibrant, corporate and profit
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Expansion joints a must in every construction
The term expansion joints, refer to the isolation joints provided within a structure to permit the separate segment of the structural frame to expand and contract in response to temperature changes without adversely affecting the structural integrity or serviceability. The need for expansion joints in buildings may be determined initially on an empirical basis.