Essar Oil is in the process of replacing its high-cost rupee loans equivalent to $2.27 billion with external commercial borrowings (ECBs), for which it has approval from the Reserve Bank of India (RBI). As part of this process, the company replaced the corporate debt restructuring (CDR) loan facility with a new debt facility of about Rs 9,100 crore on commercial terms from similar group of
Author: admin (Infratructure Today)
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Cabinet clears Rs 17 bn second dock project
Union Minister of Shipping GK Vasan informed that the cabinet cleared the proposed Rs 1,700-crore second dock complex project at Haldia recently. It is learnt that the West Bengal government allocated around 160 acre of land for the proposed facility. Kolkata Port Trust (KoPT), however, failed to attract private participants for the project. Though the port auth
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SCR’s freight up thanks to more movement of coal
In the last fiscal, the South Central Railways has achieved an eight per cent increase in freight loading due to increased movement of coal and fertilisers. The zone handled 111.5 million tonne of cargo during the year against 103.2 mt in the previous year.
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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Indian cement producers expect govt’s aid
Recent reports say that cement manufacturers in India are hopeful that the government will take the promised action to boost the countryÂ’s industrial climate. Cement demand was slightly subdued in the last financial year, forcing price hikes to maintain margins; an upswing is dependent on infrastructure investment by the government, which looks more likely in the run-up to the general elections next year.
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Indian cement producers expect govt’s aid
Recent reports say that cement manufacturers in India are hopeful that the government will take the promised action to boost the countryÂ’s industrial climate. Cement demand was slightly subdued in the last financial year, forcing price hikes to maintain margins; an upswing is dependent on infrastructure investment by the government, which looks more likely in the run-up to the general elections next year.
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Govt takes initiative for better functioning of power grids
For proper functioning of electricity grids in the country, the Union government is planning to give more powers to State electricity regulatory commissions and load dispatch centres. To facilitate this, the Centre plans to amend the laws concerned. A panel headed by Chairman of the Central Electricity Authority (CEA) - the apex planning body for the power sector - is expected to soon submit its report to the Power Ministry in this regard.
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Govt takes initiative for better functioning of power grids
For proper functioning of electricity grids in the country, the Union government is planning to give more powers to State electricity regulatory commissions and load dispatch centres. To facilitate this, the Centre plans to amend the laws concerned. A panel headed by Chairman of the Central Electricity Authority (CEA) - the apex planning body for the power sector - is expected to soon submit its report to the Power Ministry in this regard.
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Govt to create 280 mn t cargo handling capacity in FY14
Union Shipping Ministry plans to create cargo handling capacity of 280 million tonne (mn t) at major ports in the country mainly through the public-private-partnership (PPP) mode during 2013-14. In 2012-13, the port awarded 32 port projects with a predictable investment of Rs 6,700 crore. Speaking at the 50th National Maritime Day celebrations, Union Shipping Minis