Maharashtra Chief Minister Prithviraj Chavan is to discuss about infrastructure projects worth Rs 11,000 crore on October 30. The projects include passenger water transport sysytem. The CM is to discuss the projects with the Maharashtra State Road Development Corporation (MSRDC).
Author: admin (Infratructure Today)
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Otis bags Rs 400-cr contract from L&T Metro
Otis Elevator Company (India), a subsidiary of United Technologies Corporation India, has bagged a Rs 400-crore contract from L&T Metro Rail (Hyderabad) this year. The order is termed as the largest-ever to be bagged by any elevator company in India.
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Adani criticises Shipping Ministry over cabotage relaxation to DP World port
Adani Port slams Shipping ministry for allowing cabotage relaxation only to DP world run Vallarpadam Port. The Vallarpadam port had received cabotage relaxation in the year 2012, since then not a single port (including private ports) have not received such facility from the ministry.
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Banks borrowed Rs 33,829 cr via RBI’s MSF
Media reports indicate that Indian banks borrowed Rs 33,829 crore ($5.5 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on October 22, lower than the Rs 451.26 crore on October 21.
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YES Bank’s profit up 21.3%
Aided by higher interest income and growth in non-interest income, YES Bank's net profit for the quarter ended September increased 21.3 per cent to Rs 371.1 crore, against the corresponding period last year, the bank said on October 22.
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Cairn India net profit jumps to Rs 3,385.08 cr
On the back of record oil and gas production and high oil prices, Cairn India on October 22 reported a 46 per cent jump in its September quarter profit.
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Gujarat Pipavav Port Q3 profit up at Rs 44.1 cr
The Nikhil Gandhi-promoted Gujarat Pipavav Port on October 22 reported an over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30. The company had recorded a net profit of Rs 8.2 crore in the corresponding July-September period last year.
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Mlore port users’ plea for fitness certificates
Demanding the Mangalore port authorities to streamline the annual checking of deep sea fishing trawlers, the Old Port Users Union staged a protest at the dock in the city on October 22. The protestors urged appointment of new incumbent officer at the port immediately.
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Workers’ stir hits Nhava Sheva port operations
Due to wage disagreements between workers and the management at Nhava Sheva International Container Terminal (NSICT) shipping operations at Nhava Sheva port near Mumbai were badly hit on October 22. This comes at a time when the government is trying to push exports to address the problem of an expanding current account deficit.
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Work on INS Vikrant 2nd phase to get under way in Kochi
For the second phase construction work on INS Vikrant ship carrier it has now been taken to the repair dock of the Cochin Ship Yard. For the first phase of the carrier construction the Cabinet Committee on Security (CCS) has sanctioned Rs 3,261 crore.