Petronet LNG has said it may have to drop the LNG pipeline project in Kerala if outstanding procedural issues are not dealt with in a time-bound manner. According to AK Balyan, MD and CEO, the target was to complete the project by 27 May. Even assuming that the Puthuvype terminal operated at only 30 per cent, it would still earn the state Rs 900 crore to Rs 1,000 crore annually.
Category: ECONOMY & POLICY
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Minister for fast clearances of infra projects
The new Environment Minister Prakash Javadekar promised 'fast clearances' to infrastructure projects in a transparent manner and launched a process for transparent environmental clearance. After assuming charge as Minister of State (Independent) for Environment, Forest and Climate Change, he also said that he would take effective measures to conserve ecology.
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Web portal for project monitoring in Kerala
Kerala has set up a web portal on the lines of the Project Monitoring Group (PMG) of the Cabinet Committee on Investments at the Cabinet Secretariat in New Delhi. The portal will monitor the implementation of projects with an outlay of up to Rs 1,000 crore.
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Green clearance for Vizhinjam project tender
The Southern bench of the National Green Tribunal has allowed the Kerala Government to go ahead with tenders for the Vizhinjam international seaport and container terminal project.
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CSL delivers FPV to Coast Guard
Cochin Shipyard (CSL) recently delivered the sixth of the series of 20 Fast Patrol Vessels (FPV) being built for the Indian Coast Guard. The Protocol of delivery and acceptance was signed by Vinayakumar P, Director (Technical), on behalf of CSL and Commanding Officer (Designate) of the vessel Cmdt (JG) Umed Singh of Indian Coast Guard.
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Volvo Trucks President becomes a stuntman
Claes Nilsson is President of Volvo Trucks and he does not hesitate to stand on a truck dangling more than 20 metres up in the air as he stars in a film where Volvo's new construction truck is put to the test.
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The Go-Getter
Arun Chandran, Managing Director - SynergiZ Global Services Private Limited & Project Director -(Parsons Brinckerhoff)- L&T Hyderabad Metro Rail, has over 17 years of management and engineering experience in design, installation, testing and commissioning of major infrastructure projects in varied sectors like aviation
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New age leader
Siddharth Vasudevan, Executive Director Corporate Affairs, Vascon Engineers Ltd. is a strong source of inspiration as an emerging entrepreneur for new age business leaders of the company.
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Ansals SEZ project
Ansal Properties and Infrastructure has revived its plan to develop a 75-acre IT special economic zone (SEZ) in Greater Noida and will invest about Rs 130 crore over the next three years on construction. The IT SEZ was notified by the Commerce Ministry in 2006.
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ASSOCHAM seeks auction of all available spectrum at earliest
Pitching for auction of all available spectrum at the earliest, ASSOCHAM said government is losing Rs 2 lakh crore every year on account of spectrum that is lying idle. ASSOCHAM Chairman (National Telecom Council) T V Ramachandran said.