The process for six laning of Kharar-Ludhiana road has been initiated by the Punjab government. The proposed 6-lane road would prove to be a big push to strengthen the infrastructure in the state.
Author: admin (Infratructure Today)
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Hyd Metro Rail expects Rs 1,000 cr ECBs
By the end of this October the L&T Hyderabad Metro Rail is expecting to get Rs 1,000 crore External Commercial Borrowings (ECBs) from Indian Infrastructure Finance Company (IIFCL) The company's objective for looking at ECBs is to save on interest besides securing long-term debt.
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Govt firms’ Rs 3 lakh cr surplus money to be used for infra
The government-owned companies have a surplus cash of more than Rs 3 lakh crore. Now the Union government is planning to utilise this surplus amount for executing infrastructure projects and investing in expansion of such projects.
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Govt firms’ Rs 3 lakh cr surplus money to be used for infra
The government-owned companies have a surplus cash of more than Rs 3 lakh crore. Now the Union government is planning to utilise this surplus amount for executing infrastructure projects and investing in expansion of such projects.
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Chennai-Blore corridor may link Kerala too
Union Minister of State for Commerce and Industry, EM Sudarsana Natchiappan has said that the possibility of linking Kerala with the Chennai-Bangalore industrial corridor project was being examined by the Japan International Cooperation Agency (JICA).
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ONGC Videsh to buy 12% in Brazil’s BC-10 block
To buy an additional 12 per cent participating interest in block BC-10 in Brazil's Campos Basin, ONGC Videsh has signed definitive agreements. Post the deal, OVLĂâs share in the acreage would increase to 27 per cent, the Indian government firm said on October 14.
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Deep sea exploring ship dedicated to nation
The Rs 650-crore deep sea exploration ship, Samudra Ratnakar, was dedicated to the nation by the Union Minister for Mines Dinsha Patel at Kandla Port in Gujarat on October 12. The ship is currently docked at Kandla Port. The ship is the first of its kind in the south east Asia.
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Phailin-hit ports in Odisha resume operations
The recent Phailin cyclone-hit ports in Odisha are now resuming operations again. The Paradip Port Trust, which had halted cargo operations in its area on October 11 due to Phailin strike, has started its operations partially by allowing small-sized vessels.
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Port in Gopalpur suffers heavy losses
The recent cyclone Phailin has hit a severe blow to the upcoming all-weather port in Gopalpur in Odisha. The port is promised to change the face of this coastal town in southern Odisha, but the Phailin has damaged it a lot.
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Cochin Port Trust may incur losses this fiscal too
The Cochin Port Trust, once a profit making firm, has now accumulated losses of Rs 68 crore at the end of the last financial year due to dredging activity for the Vallarpadom international container transshipment terminal (ICTT), being run by Dubai Port World, say trade union leaders. This financial year the loss is expected to mount further.