Director of Town Planning in Odisha Prasant Kumar Patnaik informed that the state government would prepare mater plan for all 106 towns in the state by the end of 2014-15. This would enable the preparation and monitoring of the land use control. Comprehensive Development Plan is also required for town planning and to provide basic infrastructure to
Author: admin (Infratructure Today)
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Odisha govt to prepare master plan for 106 towns
Director of Town Planning in Odisha Prasant Kumar Patnaik informed that the state government would prepare mater plan for all 106 towns in the state by the end of 2014-15. This would enable the preparation and monitoring of the land use control. Comprehensive Development Plan is also required for town planning and to provide basic infrastructure to
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Govt eases norms for SEZs to rekindle investors interest
The Union government on April 18 announced a 'package of reforms', including easing of land requirement norms and an exit policy, to rekindle investor interest in Special Economic Zones (SEZs). Union Commerce and Industry Minister Anand Sharma said the SEZ scheme has not been able to realise its full potential so far.
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Govt allocates Rs 1,521 cr for renewable energy in 2013-14
The Union Minister for New and Renewable Energy Farooq Abdullah has said that a gross budgetary support (GBS) of Rs 1,521 crore has been provided to the Ministry of New and Renewable Energy (MNRE) during 2013-14, in comparison to GBS of Rs 1,385 crore and Revised Estimates of Rs 1,150 crore during 2012-13, for development and promotion of renewable energy activities. He said this in the Rajya Sabha on April 22.
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IWAI to rope in contractor for ferrying coal
According to data available with the Inland Waterways Authority of India (IWAI), about 55 million tone of cargo is being moved annually by Inland Water Transport (IWT), a fuel - efficient and environment -friendly mode.
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IL&FS arm gets Rs 77.5 cr construction contract
Unitech awarded a Rs 77.5 crore contract for construction of 'Signature III', a commercial complex in Sector-15, Gurgaon to IL&FS Engineering and Construction. The engineering and construction arm of IL&FS said it received letter of intent (LoI) for construction of the complex. The building project entails three basements. The comp
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NMDC to decide on partnering with SAIL, RINL
At its board meeting in May, state-run miner NMDC is expected to take a final decision on partnering with either Steel Authority of India (SAIL) or Rashtriya Ispat Nigam (RINL) for its proposed steel project. It may be recalled that SAIL and RINL evinced interest to partner with NMDC on its proposed Rs 15,525-crore steel project at Nagarnar in Chhattisgarh
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WSA reduces growth forecast for steel usage
According to a recent report of the World Steel Association (WSA), the growth of the global apparent steel usage (ASU) may decline to 2.9 percent in 2013. The association had earlier forecast the growth rate at 3.2 percent in its October 2012 release. Demand for steel may be subdued because of macroeconomic events like the Eurozone crisis, slowdown in the Chinese economy and U
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Rating agencies raise concern on margin pressure for Tata Steels
Rating agencies are not optimistic about the domestic operation of Tata Steel as its margins are under pressure because of low pricing power in the Indian market. Owing to slowdown in the economy and the resultant weakness in steel consumption, the pricing power of the company is restricted. Therefore, rating agencies like Fitch and Moody's assig
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BHEL arm to foray into allied operations
State-run power equipment maker Bharat Heavy Electricals (BHEL) plans to diversify the operation of ISG into allied areas of business like iron ore beneficiation, pellet plants, sinter plants and coal washeries. Industrial Systems Group (ISG), which is an arm of BHEL, posted a profit of Rs 161 crore in 2012-13, which is 7 per cent more than the previous year. The turnover is also