The Maharashtra Airport Development Company (MADC) on October 10 stated that the construction of airport near Shirdi may be completed by this year-end.
Author: admin (Infratructure Today)
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Ennore Port to build coal berth for TANGEDCO
A coal loading facility will be set up at Rs 250 crore by Ennore Port, being run by the Union government in Tamil Nadu. It is the third facility for the State-owned power utility Tamil Nadu Generation and Distribution Corporation to tap rising demand for coal used for generating electricity.
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Adani’s Australian port firm to raise $1.2 bn to cut debt
To reduce its debt burden, Adani Abbot Point Terminal Pty Ltd, which owns a coal terminal in Australia, is planning to raise $1.2 billion through multiple debt instruments to refinance the port companyĂâs borrowings. The port company, owned by Adani Group, has a debt of nearly $2 billion.
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Hyd mosque gets 2.81 cr to part with land for road widining
The Greater Hyderagbad Municipal Corporation (GHMC) has paid Rs Rs 2.81 crore to the Green Mosque or Masjid-e-Hussaini to acquire its 333 square yards at the rate of Rs 84,500 per square yard, which is the highest rate of compensation paid for land acquired for the purpose of road widening in Hyderabad.
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Kanpur roads repaired for CMs visit
Thanks to the scheduled visit of Uttar Pradesh Chief Minister Akhilesh Yadav to Kanpur on October 18, the district authorities were seen busy in preparations including road repairs. The potholed roads were levelled and the areas through which the CM is to pass were cleaned up.
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Muthoot to raise Rs 1,200 cr via listed NCDs
Through public non-convertible debentures (NCDs) Muthoot Finance will be raising around Rs 1,200 crore this year. The company will be issuing listed NCDs every month till the end of the financial year. The company's move follows the Reserve Bank of India restrictions on privately placed NCDs.
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India’s housing finance sector looks for growth
With an increase in the demand and supply of housing projects in the country, the housing finance sector is set to see higher growth in the next few years. As on last June 30, 2013 the total housing credit outstanding in India was over Rs 7.99 lakh crore, against Rs 7.59 lakh crore on March 31, 2013.
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Cargo traffic up at three ports in south
Except Chennai Port Trust (ChPT), other ports in the vicinity-Ennore Port, Krishnapatnam Port and Karaikal Port Ăâ have handled cargo well for the 1st half of the present year, say media reports. During the period under review (April to September 2013), Ennore Port (EPL) registered 59 per cent boost in total cargo at 12.68 million tonne (mt) against 8 mt for the corresponding period.
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TN’s 4,000-mw UMPP comes with captive port
A chance to operate a minor captive port at Panaiyur village in Tamil Nadu will go to the winner of the tender of the 4,000-mw ultra mega power project (UMPP) contract in the state.
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Ennore port to run as a corporate firm
As the Ennore port is being run as a company by the government, management of the port will not follow federal shipping ministry guidelines to set rates for cargo services. Last week, the port management informed prospective bidders for a container-loading facility that it will not follow federal shipping ministry guidelines to set rates for cargo services.