In a big relief to investors, the Union government has cleared big-ticket investment projects worth Rs 1.1 lakh crore. The projects were held up for years for want of several government clearances. The clearances relate to 18 power projects with a generation capacity of 15,500 mw, four highway projects worth Rs 4,400 crore, and a Rs 1,200-crore steel plant in Odisha.
Author: admin (Infratructure Today)
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Supreme Infra bags Rs 1,111 cr orders
Supreme Infrastructure India has bagged orders worth Rs 1,111.90 crore. In West India, in Mumbai, Supreme Infra has secured Rs 150 crore contract for a Sewage Treatment Plant at Bhayendar and Rs 145.4 crore contract from MSEDCL in joint venture with Patwari Electricals.
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Poor quality iron ore affects steel makers in Karnataka
Due to supply of poor quality iron ore, steel manufacturers in Karnataka have been facing several difficulties like sharp rise in cost of operations, maintenance shutdowns. The supply of low-grade and sub-grade iron ore has also resulted in higher consumption of coke in steel making, as well as affecting the life of their blast furnaces, say media reports.
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Power plants may get gas from new fields of ONGC, GSPC
By 2016, natural gas-based power plants may get about 6-10 million standard cubic feet per day (mscmd) of gas from the new fields of ONGC (Oil and Natural Gas Corp) and GSPC (Gujarat State Petroleum Corp). Supply of gas from these new fields may compensate partially the shortage of gas owing to reduction in output from Reliance Industries (RIL)Ćās KG-D6
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RIL, ONGC, Cairn, Oil India beneft from rupee fall
While the rupee fall against dollar is a bad news to oil and gas consumers in the country, the same is a boost to the earnings of ONGC, Cairn India, Reliance Industries and Oil India. The dollar-linked price of oil and gas has risen about 17 per cent in four months. This is a bad news for oil and gas consumers in the country as they have to pay more for the essential petro products. India imports 80 per cent of crude oil, it processes and pays in dollars.
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Locals complain against Vizhinjam port project
Fishermen in the adjacent areas of the Vizhinjam port project in Kerala complained that the proposed project would threaten their livelihood. Fishermen raised their concerns at the recent public hearing of the environmental impact assessment report. Besides the concerns of the fishermen, complaints were also raised about the possible adverse impact or chan
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Dighi Port to set up 3 more berths
Vijay Kalantri, Chairman and Managing Director of Dighi Port informed that the port would set up the remaining three berths as part of the phase one of the project by December 2014. The green field port is being developed in Raigad district of Maharashtra. It may be recalled that the port auth
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Major ports handle 184.53 mn tonne cargo
The government-owned 12 major ports in the country totally handled 47.38 million tonne cargo in the last July. In the month, the volume of iron ore and containers handled at these ports registered a decline. Major ports register 0.5 per cent growth for April-July period this year against the same period last year. During the period from April-July, the major ports handled 184.53 million tonne of cargo.
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Rs 76 cr to repair damaged roads in Ernakulam district
To repair roads within three weeks in Ernakulam district in Kerala, which were damaged in the recent heavy rains, the State government has decided to provide Rs 76.15 crore, said the State Works Minister VK Ebrahim Kunju on August 19 in Kochi.
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BMC to concretise major roads in Mumbai
The master plan of the Brihanmumbai Municipal Corporation (BMC) to concretise major roads in the city and then lay asphalt on them is under preparation. This will involve road tendering contracts worth Rs 7,000 crore over the next four years. The size of each road contract is likely to be raised to Rs 300 crore from Rs 165 crore so far.