A survey conducted by industry body Confederation of Indian Industry (CII) highlights the importance of economic reforms in arresting the depreciation of rupee against dollar.Some of the key reforms mentioned by the participants of the survey are relaxing the sectoral cap on foreign direct investment (FDI), controlling fuel and fertiliser subsidies, removing hurdles to infrastructure proje
Author: admin (Infratructure Today)
Post
Post
Ashok Leyland wins order to supply 2,610 buses to TN
Ashok Leyland has bagged an order to supply 2,610 buses for Tamilnadu government. The company, a leader in commercial vehicles and Hinduja Group company, has got the order from Institute of Road Transport (IRT) of the state. The Institute is the nodal organisation that procures buses for all transport corporations in Tamil Nadu.
Post
L&T bags 3,057 cr orders
For the construction of an office space, residential building and a hospital from customers across the country L&T's building & factories division has bagged orders worth Rs 1,808 crore. In the water & renewable energy business segment, it has bagged various orders worth Rs 628 crore.
Post
Experts favour renegotiation of PPP contracts
Some experts of the public-private partnership (PPP) model feel that the government must make provision for tweaking the contractual agreements in the course of a contract for mega infrastructure projects with a fairly long concession period. They argue that the initial projections or assumptions made by the concessionaire in case of a road or metro rail project may go wrong in the course of the concession period
Post
Inkel to rope in private firms for tower project
A Kerala government-led body Inekl is in the process of roping in investors, developers, companies and individuals for setting up a tower on 2.45 acre of land at Angamaly. The proposed tower is very close to Cochin International Airport and 35-km from the seaport at Vallarpdam. A dedicated 750-metre approach road is being laid to the site from NH 47. Angamaly Railway station is only 700-metre from
Post
Odisha govt to get panel report on ore linkage
By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and
Post
Odisha govt to get panel report on ore linkage
By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and
Post
Task force clears steel projects
A task force of the union government has reportedly cleared Rs 100.53 billion (bn) worth investment projects ,involving eight proposals. These projects include one steel plant and numerous pelletisation projects. Of these, Kalinga Steel Tech Pvt Ltd plans to set up a new integrated steel plant with a capacity of a 1.2 million tonne per annum in the Sundargarh district
Post
JSW hopes to operationalise new plant by Dec
Sajjan Jindal, Chairman and Managing Director of JSW Steel informed that the firm would begin production at its upcoming 2.3 million tonne plant in Bellary, Karnataka from December 2013. The company is setting up the plant specifically for the auto-industry and it would produce high-grade automotive steel
Post
Paradip Port handles 3 times more ore cargo
During Apr-Jun 2013, Paradip port handled 1.03 million tonne of iron ore export cargo compared to just 371,000 tonne in the year-ago period. Specifically, the cargo is iron ore fines of 62 grade. The almost three fold rise in ore export cargo is attributed to the depreciation of rupee against the dollar. Federation of Indian Mineral Industries said there is no major rush of importers to book Indian iron ore. The rise in ex