Kolkata's major roads will be named after prominent personalities and luminaries. The road renaming committee of the Kolkata Municipal Corporation has finalised the names which will be announced by Chief Minister Mamata Banerjee. While in the north, the stretch between Chitpore bridge till Cossipore Road (No.56) will be named as Sri Ramakrishna Sarani, Lake Terrace, in the south, will take the name of Debabrata Biswas Sarani. Broad Street and Bardhaman Road in Alipore will be renamed as Ustad Ba
Author: admin (Infratructure Today)
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Developers of 25 highway projects back out, NHAI worried
Road developers of 25 highway projects, which were allotted to them over a year ago, have been backed out. With this, the National Highways Authority of India (NHAI) has appealed to the government to step in and take a call on rescheduling of premium payment to the developers. These road developers state that delays in statutory clearances, fall in traffic density due to adverse economic conditions in the country besides higher costs of raw materials has resulted in them wanting out of these pr
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Rs 1,200 cr for Mumbai’s road reconstruction
This year, the Brihanmumbai Municipal Corporation (BMC) will reconstruct roads in the city at a cost of Rs 1,200 crore. It will invite tenders soon for the same. The civic body has allotted Rs 900 crore to reconstruct major roads and Rs 300 crore for minor roads. In a move to fix responsibility, BMC has appointed one engineer for each road.
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DMRC creates 1,516 m tunnel for metro phase III
A 1,516 metre-long tunnel was excavated between Mandi House and Janpath metro station in Delhi by the Delhi Metro Rail Corporation (DMRC) within 182 working days. The tunnel work is part of the Phase-III metro rail project in the capital city and the tunnel has an internal diameter of 5.8 metre
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Cairn India may upgrade reserve estimate
Some analysts expect Cairn India to upgrade crude oil reserves in its prolific Rajasthan field in the next two-three quarters led by higher exploration and drilling activities. It may be noted that the government allowed the company to conduct additional exploration in place. The com
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ONGC works on integration of overseas arm
The top management of state-run explorer ONGC is preparing a plan to integrate its domestic and foreign oil and gas exploration businesses in order to reap synergy. It may be noted that the domestic exploration business is taken care of by ONGC, while ONGC Videsh (OVL) handles foreign
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HPCL board clears JV plan for Rs 373 bn project
The board of Hindustan Petroleum Corp (HPCL) cleared a plan to set up a joint venture company with the Rajasthan government to set up a 9 million tonne (mn t) a year refinery in the next four years. The joint venture, in which HPCL will hold 74 percent stake and the Rajasthan government 26 percent, will implement the project at an investment of Rs 37,320 crore. The project involves setting up of an oil refinery and
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Govt sets up panel for revision of royalty
Some of the mineral rich states like Chhattisgarh, Jharkhand, Karnataka, Odisha, Rajasthan requested to enhance the rates of royalty for major minerals. The government has set up a Study Group on revision of rates of royalty and dead rent for major minerals (other than coal, lignite and sand for stowing) on September 13, 2011. The Study Group has to undertake detailed consultations with all stakeholders. The Study Group is likely to submit its final report shor
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EXIM policy guides export of iron ore and chrome ore
Export of minerals, including iron ore and chrome ore is guided by the Export-Import Policy. To conserve limited natural resources and to meet the domestic demand, duty on export of iron ore has been increased from 20 to 30 percent on ad valorem basis on all grades of iron ore (except pellets) with effect from December 30, 2011 and the export duty of chrome ore incre
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EXIM policy guides export of iron ore and chrome ore
Export of minerals, including iron ore and chrome ore is guided by the Export-Import Policy. To conserve limited natural resources and to meet the domestic demand, duty on export of iron ore has been increased from 20 to 30 percent on ad valorem basis on all grades of iron ore (except pellets) with effect from December 30, 2011 and the export duty of chrome ore incre