During Apr-Jun 2013, output of saleable steel rose 6 percent to 3.2 million tonne (mn t) from the year-ago period for Steel Authority of India (SAIL). Production of value added steel touched the best ever Q1 mark, at 1.28 mn t, a year-on-year growth of 4 percent. Across the company's various units, new projects worth around Rs 2,700 crore commenced operation betw
Author: admin (Infratructure Today)
Post
Post
OIL plans Rs 120 bn investment in North East till FY17
Sunil Kumar Srivastava, Chairman and MD of Oil India (OIL) informed reporters that the firm earmarked Rs 12,000 crore investment for its projects in North East out of the Rs 19,000 crore capital expenditure planned in the 12th Five-Year Plan. The company planned to invest Rs 19,000 crore on expansion of exploration work and diversification of business during 2012-
Post
Import bill for crude oil set to rise
India's import bill for crude oil is expected to rise sharply despite the fall in the international price of the fuel in recent months, because of depreciation in rupee. The global price of crude oil declined almost 10 percent since January 2013. However, the import bill of the country may rise because of depreciation rupee against the dollar, reports indicate
Post
Essar Ports to ask clients to pay in dollars
Essar Ports will gradually ask its port users to pay tariff in US dollar instead of rupee. This means, the company would receive tariff in dollars from customers and convert the same into rupees at the prevailing exchange rate. After Gujarat Pipavav shipyards, Essar Ports would be the second port operator to start moving away from rupees while charging tariff, reports
Post
JV firm to operate new container terminal in Mundra port
The new container loading facility at Mundra port in Gujarat would be run by a joint venture (JV) between Mediterranean Shipping Co SA (MSC) and Adani International Container Terminal Pvt Ltd. Adani Ports and Special Economic Zone (APSEZ) formed the 100 percent subsidiary, Adani International Container Terminal Pvt Ltd, for developing the container terminal and associated facility at the south basin in Mund
Post
Container traffic witnesses negative growth
According to some industry players, container traffic in the country is witnessing a negative growth. In this backdrop, it is not surprising that the Chennai Port Trust (ChPT) failed to get any response from bidders for its much-delayed Rs 3,686-crore mega box terminal project. Some industry players suggested ChPT to set up a multi-purpose berth-cum-cruise terminal instead of the cont
Post
NHAI expects nod from Army for service road in Delhi
In Delhi, the work on the 3-km-long service road between Rajokri flyover and Palam, stalled due to face-off between National Highways Authority of India (NHAI) and the Indian Army, may be completed soon, say media reports. The service lane would end the problems of slow-moving vehicles, which are forced to take the main carriageway of the Gurgaon-Delhi Expressway due to lack of service roads.
Post
Rs 300 cr sought to restore road links in Uttarakhand
The Union Highways Ministry has sought Rs 300 crore from the government for immediate restoration of road network in the flood devastated Uttarakhand. The cost of permanent work will be assessed later. The two worst affected stretches - Rishikesh to Mana and Rudraprayag to Gauri Kund - need Rs 30 crore each for immediate repair, according to an estimate submitted by the Border Roads Organization (BRO) to the highways ministry.
Post
Thammanam-Pulleppady road widening hits bottleneck
As the Kochi Corporation has failed widen Thammanam-Pulleppady road, various stakeholders have demanded to entrust the work to the State Public Works Department (PWD) and include it in the preparatory works for Kochi Metro Rail. The widening of the road is crucial for diverting the traffic during the construction of Kochi Metro.
Post
DAMEPL asked to bear debt till pact is terminated
Sudhir Krishna, Secretary of the union urban development ministry informed that the Delhi Airport Metro Express (DAMEPL) will have to bear the debt till the concession agreement is terminated. DAMPEL is the joint venture between Reliance Infrastructure and Construccionesy Auxiliar de Ferrocarriles, SA (CAF) and it operates the metro rail corridor connecting Delhi airport. The joint venture firm recently submitted termination notice to Delhi Metro Rail Corp