The government intends to spend Rs 214,000 crore on infrastructure, 23.3 per cent higher than the allocations in 2010-11, accounting for major share of 48.5 per cent of the gross budgetary support to the central plan.
Tag: 2011
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Project process automation: Improved visibility is key
One of the biggest hurdles in the process of project management in our country is its systematised monitoring, which can actually be powered by software programs and provide better transparency, data and feedback.
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Tata's new seat of power
Consequent to the forthcoming retirement of Prasad Menon on 31 January, Tata Power appointed Anil Sardana as the Managing Director with effect from February.
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Power cos' tax holiday extended to Mar 2012
In a bid to boost power capacity, Union Budget 2011-12 extended tax holiday for power sector projects including Ultra Mega Power Projects which take off this fiscal.
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Enam Infra Fund to invest Rs 3,700 crore in infra
The cabinet committee on economic affairs cleared the investment proposal of Enam India Infrastructure, a Mauritius-based venture capital fund, to invest Rs 3,700 crore in India’s infrastructure and energy projects through a dedicated core sector fund.
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ONGC to have last word in Cairn-Vedanta deal
ONGC will have the last word on the $9.6 billion Cairn-Vedanta deal as the oil ministry has made the firm’s approval mandatory even if the cabinet rules that the royalty dispute in the Rajasthan block should be settled independent of the transaction, government officials said.
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NTPC, Petronet negotiate
NTPC, implementing the Kayamkulam power plant in Kerala, has sought long-term pricing comfort from Petronet LNG (PLL).
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Brighton is setting up nuclear reactor making plant at Vizag
Brighton Group of USA signed a memorandum of understanding with the Andhra Pradesh government for setting up a Rs 2,880 crore nuclear power equipment manufacturing facility near Visakhapatnam.
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Acute coal shortage says CIL
Power generation projects with investments to the tune of Rs 75,000 crore are facing a threat—an acute shortage of domestic coal.
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GoM to review clearance norms
A 12 member Group of MinÂisters (GoM) will review the existing rules relÂating to forest clearance as environmental cleÂaÂÂranÂces were proving to be a hurdle for industrial develoÂpment.