Atlas Copco today was again recognized as one of the most sustainable companies by the annual Global 100 list. The list, presented at the World Economic Forum in Davos, Switzerland, ranks companies that show they are increasing productivity while using less resources. Atlas Copco is ranked 18th on the list.
Category: ECONOMY & POLICY
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DFCC awards Rs 33 bn project
Dedicated Freight Corridor Corporation has issued letter of intent for the Rs 3,300 crore contract to set up rail track between Bhaupur and Khurja in U.P. to a consortium of Tata Projects and Spanish firm Aldesa. The consortium is expected to begin physical work on the 343-km rail track project, which is funded by the World Bank, from March-April.The 343-km project was sliced into three subsets, and the bidders had been qualified to bid for one, two or all three.
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Trai Act amendment likely by March
The telecoms department plans to expedite amendment of the Trai Act as it intends to initiate interministerial consultation within a month's time and float a Cabinet note for final approval by mid-March. TRAI works according to the Trai Act which states its functions and powers to be used for ensuring protection of consumer interest and growth of the industry.
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Govt hopes to award 6,000 km contracts under EPC mode
The Union government would be able to give contracts for more than 6,000 km this fiscal on getting certain procedural approvals, said the Union Road Transport and Highways Minister CP Joshi on January 28. Under the EPC model (engineering, procurement and construction), the government spends the entire money required to build roads which would be instrumental in attracting builders who are at present shying away from highways projects for want of funds, he said.
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Hyd’s Zohrabi-Dargah stretch to be widened for easy ride
In Hyderabad, motorists travelling to Charminar from areas such as Phoolbagh would become a smooth ride as the process for the much awaited road widening work along the Zohrabi Dargah-DRDL junction stretch has begun. Bottlenecks along the stretch will now be cleared giving way to an 80-feet wide road.
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Bidders given more time to submit RFQ for Ro-Ro project
For the second time in a row, Gujarat Maritime Board (GMB) extended the global bid submission date for the proposed Ro-Ro ferry service in the Gulf of Cambay region. The board has reportedly extended the dates for Request for Qualification (RFQ) submissions because the bidders were not able to find the right mix of Ro-pax vess
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Transport Corporation of India Limited Q3 revenues up by 5%
TCI, India's leading integrated supply chain and logistics solutions provider today announced its financial result for the quarter / Nine months ended December 31, 2012. The company's total revenue for the third quarter registered a growth of 5.33% rising to Rs. 491.91 crore from Rs. 467 crore in the corresponding period last year. It has registered a decline in EBITDA margin for the period to Rs. 34.25 crore from Rs. 38.56 crore in the corresponding quarter last year due to prolonged economic s
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CCI to discuss clearance for infra projects today
Media reports suggest that the Prime Minister-led Cabinet Committee on Investment (CCI) would meet today for the first time after it was set up to provide single window clearance to mega industrial and infrastructure projects. It may be recalled that several projects in the road, power, steel, oil and gas and other sectors are delayed beca
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Essar Ports awaits govt nod for expansion projects
Essar Ports is awaiting the approval of the Gujarat government and necessary clearances in order to go ahead with its proposed $1.8 billion expansion projects in two ports, Salaya and Hazira. The country's second-largest private sector port and terminal company signed a Memorandum of Understanding (MOU) with the Gujarat Maritime Board rece
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Brokerages expect iron ore price to fall
In its recent report, Bank of America Corp said it expects the global price of iron ore to decline to $110 a tonne by the end of 2013 from $140 a tonne in the first quarter because of supply glut in the market. Bank of America feels that the recent price rally is not sustainable and the price should come off in the second half of the year as more supply begins to come on li