Tata Metaliks is in the process of restructuring its pipe business in order to derive cost benefit from backward integration in a time-bound manner. As part of this initiative, the company acquired its Japanese partners Kubota Corp and Metal One in water pipes making venture Tata MetaliksKubota Pipes (TMK
Author: admin (Infratructure Today)
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VSP produces 3.81 mn t of hot metal
Visakhapatnam Steel Plant (VSP) produced 3.81 million tonne (mn t) of hot metal and 3.4 mn t of iron & steel in 2012-13. It is learnt that the company achieved a cumulative sales of Rs 13,650 crore in 2012-13 and its sales was the highest in the month of March 2013 at Rs 2,136 crore. Exports at Rs 601 crore registered a growth of 45 p
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Weak demand hits sales revenue of RINL
Owing to weak demand for steel during large part of 2012-13, Rashtriya Ispat Nigam (RINL) posted 5.8 per cent decline in sales revenue at Rs 13,650 crore during the year compared to Rs 14,450 crore in the previous year. But the firm managed to post 45 per cent growth in export revenue at Rs 601 crore and 15 per cent increase in rural sales during the previous fiscal year
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Navi Mumbai airport: Farmers refuse to settle for less
The already delayed Navi Mumbai airport project is facing further delays because of land acquisition problems. For the past one year, the City and Industrial Development Corporation (Cidco), the projectÂ’s nodal agency, has been struggling to resolve the compensation issue related to the 291 hectares of private land that has to be acquired from farmers in 18 villages.
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Gujarat govt to clear town planning schemes for Surat
Reports indicate that the Gujarat government has given preliminary approval for 27 town planning schemes in Surat and a final approval would be given soon. The others are in different stages of approval, reports indicate. Reports also indicate that the state government was slow in giving approval for the TP schemes in the city.
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FIMI wants govt to withdraw export duty on bauxite
Reports indicate that the Federation of Indian Mineral Industries (FIMI) requested the central government to withdraw export duty of 10 percent levied on export of low grade bauxite. The industry body argues that the proposed levy may force mine closures in states like Gujarat and Maharashtra and affect the direct and indirect employment opportunities for
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Govt resolves issues with RIL on CAG audit
Union Petroleum Secretary Vivek Rae informed reporters that the government resolved the audit issue pertaining to the operation of Reliance Industries (RIL)in the Krishna Godavari (KG) D6 basin. Speaking at the sidelines of a CII Annual General Meeting (AGM), Rae said RIL agreed to a Comptroller and Auditor General (CAG) audit on its operation in KG-D6 fi
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AOSF urges Odisha govt to ensure ore availability
The All Odisha Steel Federation (AOSF) again urged the state government to make available raw material (iron ore) for the local steel and sponge iron makers at fair prices. In a letter to the steel & mines department, AOSF said the policy resolutions taken by the state government to ensure raw material security for the local plant
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Bangalore may get congestion pricing policy
Taking note of the Bangalore's excessive traffic problems, the Centre has sent a proposal notification to the Karnataka government to implement congestion pricing policy to ensure the Indian ITcity is free from excessive motorisation. If it is implemented a peak-hour ride though the city's Central Business District (CBD) may soon come at a price for motorists.
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Govt to review NHAI-GMR proposal over premium payment
The National Highways Authority of India's (NHAI's) recommendation with regard to road developers' premium payment is likely to be reviewed by the Union Road Ministry. The Ministry will review NHAI's recommendation to defer payment of premium by companies like GMR who has agreed to certain conditions by the Authority to ensure they do not leave the project after the government approves the proposal.