Jindal Steel & Power (JSPL), which is currently the country's sixth-largest steel producer, plans to climb to the third slot by 2015. By 2015, the firm reportedly aims to raise its steel capacity to 14 million tonne per annum (mtpa) and pellet (direct reduced iron) capacity to 14.5 mn tpa. The firm plans to set up a 6 mn tpa steel plant in Angu
Author: admin (Infratructure Today)
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IIFL gets Rs 628 crore commitment for AIF
The IIFL Income Opportunities Fund of the diversified financial company India Infoline received commitment of Rs 628 crore. The IIFL Income Opportunities Fund is an alternate investment fund (AIF) of the company and according to the company press release it is the country's largest AIF fund raising till
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RBI has not received any application for banking license
Union Minister of State for Finance Namo Narain Meena informed Rajya Sabha that as on date no application for licence under the new banking guidelines was received and no licence has been granted under these new guidelines. On February 22, the central bank released ĂâGuidelines for Licensing of New Banks in Private SectorĂâ to promote financial inclusion and further infuse comp
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Cargo operations to begin at Mangalore airport from May 1
From the air cargo complex at Mangalore airport, air cargo operations will begin on May 1, JT Radhakrishna, Director of Mangalore International Airport has said. The air cargo complex at the airport was inaugurated by the Union Civil Aviation Minister Ajit Singh on March 18.
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India, UAE tie-up on air services
Following a two-day bilateral negotiation at Abu Dhabi on April 24 India and United Arab Emirates (UAE) signed an MoU on air services. The UAE had urged India to allocate additional 40,000 seats per week, grant Goa, Pune, Amritsar and Lucknow as additional points of calls, remove the maximum cap prescribed from each point of call in-term of seats/ frequency per week and allow 3rd country /domestic code share facility.
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Govt panel discusses PPP models in coal sector
On April 9, 2013, a government-appointed committee met for the first time to discuss various public private partnership (PPP) models in the coal mining sector. Union Coal Minister Sriprakash Jaiswal informed this in Lok Sabha recently
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Govt awarded 58 port projects in PPP mode so far
Till March 31,2013, the government awarded 58 port development projects in Public Private Partnership (PPP) mode. Of these, 29 projects have been completed, 16 are at various stages of construction and the remaining 13 were awarded during 2012-
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Govt considers 17 coal blocks for state-run firms
The union ministry of coal circulated 17 coal blocks for allocation to government companies out of which 14 are for specified end-use power and three coal blocks are earmarked for purpose of mining. These blocks would be allotted for eligible companies as per the ĂâAuction by Competitive Bidding of Coal Mines Amendment Rules, 2012
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Govt told to make CIL produce coal at allotted mines
Perturbed over the slow pace of development at 119 mines allocated to Coal India, a Parliamentary panel has asked the government to 'act swiftly' and ensure that CIL starts production there. With such a slow pace of work, the committee are unable to understand when the actual production from these coal blocks allocated to CIL will be started, the Standing Committee on Coal and Steel said in its report tabled in Parliament on April 24.
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Govt committee says Adani port, SEZ flouted green norms
Adani Port and Special Economic Zone (APSEZ) has violated environmental clearance conditions, said a committee set up by the Union Ministry of Environment and Forests (MoEF). It recommended an environment restoration fund be formed to mitigate the damage. The fund, it said, should be worth one per cent of the project cost (including the cost of the thermal power plant), or Rs 200 crore, whichever was higher.