Coal India will raise the price of coal on an average by about 15 per cent to bring in some parity between domestic and international prices.
Tag: 2011
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Kotak to float infra fund
The Kotak Mahindra Group has plans to raise private equity funds of about $300 million from both domestic and international investors to invest in infrastructure projects in India.
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Tadadi Port attracts 9 bidders
Tadadi port has nine bidders that have already submitted their request for qualification (RFQ) to the government after the State Infrastructure Development Corporation (SIDC) proposed to build the port under Public Private Partnership (PPP).
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Kolkata port unveils first rail-linked CFS
The Kolkata Port Trust (KoPT) launched the first rail-linked container freight station (CFS), built by Container Corporation of India (Concor), at a cost of Rs 2.5 crore.
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Ranchi Airport expansion plan faces mob fury
The Airports Authority of India’s (AAI) ambitious plan to expand Birsa Munda Airport at Ranchi faced agitation from land owners who blocked the entrance, forcing the police to deploy riot control personnel.
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Race for highway projects
For the 100 projects with a total length of 11,000 km NHAI plans to award in the coming fiscal, existing highway developers are expected to up the ante and newer players set to join the race.
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Low gas output hits supply
Consumers of natural gas from Reliance Industries’ D6 field are facing a pro-rata cut as production has declined to 50.5 mmscmd (million standard cubic meter per day) due to some technical problems in the KG-D6 block.
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Diesel purchase: IOC vs Japan
Indian Oil Corp (IOC) failed to award a tender to buy 120,000 tonnes of diesel for 1-3 April delivery as traders, expecting higher offers from quake-hit Japan, did not submit price bids.
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Power packed investments for TN
Electricity sector leads the proposed investments in Tamil Nadu with Rs 258,849 crore, out of a total of over Rs 3.13 lakh crore.
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Waterways for coal transport
NTPC has tied up with Inland Waterways Authority of India (IWAI) to ensure smooth transportation of coal for the Farraka and Khelgaon projects as the railways network is congested and coal supply can be augmented through use of waterways given that the plants are situated near the Hooghly and the Ganga.