Hindustan Copper announced a net profit of Rs 188 crore for the quarter ended March 31, 2013 as compared to Rs 137.4 cr in the year-ago period. Total Income declined from Rs 622 cr during Jan-Mar 2012 quarter to Rs 550 cr.For the year ended March 2013, the company posted a net profit of Rs 355.6 cr compared to Rs 323.4 cr. Total income rose from Rs 157.24 cr for the year ended March 31,
Author: admin (Infratructure Today)
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Net profit of OVL rises 44% in FY13
Net profit of ONGC Videsh rose 44.4 per cent to Rs 3,929 crore during 2012-13 from Rs 2,721 crore in the earlier year owing to higher realisation from natural gas sales. The company currently has 32 projects in 16 countries, of which 11 are producing, five are under deve
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GMB to attract bidders for dredging project
Following poor response from bidders in the initial global tender, the Gujarat Maritime Board (GMB) plans to conduct a road show for the Rs 115 crore dredging project in the Gulf of Khambhat. The board wants to dredge the area in order to facilitate the proposed ro-ro ferry service linking Ghogha in Bhavnagar to Dahej. An official statement from the GMB shows that the channel's length will be about 4,30
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Bidders submit high quotes for Haldia port contract
Kolkata Port Trust (KoPT) intends to examine why
interested bidders are offering higher quotes for the mechanised cargo handling at Haldia port. Speaking to media persons, Manish Jain, Deputy Chairman, Haldia Port, KoPT, said the port authorities must examine why no interested bidders could match the tariffs charged by ABG-LDA run previous contractor Haldia Bulk Terminals (HBT
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Cargo volume of minor ports in Gujarat rises 11%
During 2012-13, cargo volume at minor and intermediate ports under Gujarat Maritime Board (GMB)
expanded 11 percent to 288 million tonne (mn t) from from 259 mn t in the previous year. There are around 21 functional minor ports under the direct control of the GMB. Cargo handling at APSEZ's Mundra port rose 21 percent to over 82 mn t during 2012-13 compared to the volumes handled a year ago. Simi
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CCI asks agencies to stick to timeline
At a recent meeting, the Cabinet Committee on Investments (CCI) urged security agencies to stick to the 12-week timeline, prescribed by the Cabinet Committee on Security. It may be recalled that earlier, the Cabinet Committee on Security decided to adhere to a 12-week timeline for
providing inputs on port development projects that are delayed owing to pending clearances. Following this, the shipp
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Power plants yet to lift coal from Navlakhi port
Power plants in the states of Rajasthan, Gujarat, Punjab and Madhya Pradesh who imported coal from Navlakhi port in Gujarat are having an issue of vacating the cargo lying in the port. With the Gujarat Pollution Control Board (GPCB) serving a closure notice to the port for violation of envir
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Ranchi-Delhi direct rail track to be ready by 2014
The Ranchi-Lohardaga-Tori railway line would be completed by 2014, says the Railways. The project has been delayed by a year. Once the rail tracks are laid completely it would facilitate faster route between Ranchi and New Delhi. The newly-laid railway tracks between Ranchi and Tori would shorten the route to Delhi, said General Manager of South Eastern Railway (SER), Abhay Kumar Verma. Currently the trains need to undertake a circuitous journey to Delhi via Ramgarh and Barkakana.
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Work on Kochi’s Edappally flyover to begin in 4 months
In Kerala's Kochi city, work on the Edappally flyover will begin in four months, the State Chief Minister Oommen Chandy has said. All the paper work would be ready in two weeksĂâ time. The State government would formulate a special package to overcome hurdles in acquiring land for infrastructure projects, Chandy said. The package will include relaxing of building rules for those who surrender land free of cost.
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Govt okays 4-laning of Dimapur-Kohima h’way in Nagaland
The Union government on May 23 approved the 4-laning of Dimapur-Kohima National Highway in Nagaland at a total cost of Rs 1,089.87 crore. The Cabinet Committee on Economic Affairs approved the implementation of the project of 4-laning of the Dimapur-Kohima section from 124.1 km to 172.9 km of NH-39, Finance Minister P Chidambaram said in Delhi. This project is under the special Accelerated Road Development Programme (SARDP-NE) in North Eastern Region, he said.