Amid the Reserve Bank of India's (RBI) tightening norms, overseas investment by Indian companies declined sharply to $1.94 billion in August. The RBI has clamped norms for outbound investments by the domestic firms to contain rupee slide. A month ago in July, the Indian firms had invested $ 3.24 billion in their various entities overseas.
Tag: August
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Paradip port handles 21% more cargo in Aug
During the last August, Paradip Port Trust (PPT) handled 5.91 million tonne (mt) cargo of imports and exports, compared with 4.88 mt handled in the same month last year, registering a growth of 21.07 per cent. The August figure is also 13.29 per cent higher than the target fixed for the month. During the month, 2.42 mt cargo was exported and 3.49 mt was imported through the port.
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SPML Infra secures new orders worth Rs. 1802.10 crores
SPML Infra Ltd., India's leading infrastructure development company has won new orders worth Rs. 1802.10 Crores from South Bihar Power Distribution Company Ltd. (SBPDCL), Bihar and Public Health Engineering Department (PHED) of Rajasthan.
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What lies beneath…
Indian tunnelling has gained sufficient experience in tunnelling, and as new infrastructure projects in rail, metro rail, water and hydro electric projects promise momentum underground, technology and management will be critical,
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ONGC to double its output in Assam
ONGC Assam asset plans to com¡¡p¡lete projects on time so as to double its production by 2030 from the current level of 1.21 million tonne per year. More wells need to be drilled with the latest technology, emphasis has to be laid on opening up new horizons by strengthening exploration activities
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VPT faces delay
Visakhapatnam Port Trust (VPT) may find it difficult to achieve its planned capacity increase to 150 million tonne by 2020 as several port projects are facing delay.
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Nepal stays GMR project
Nepal's Supreme Court recently stayed the negotiations on the power development agreement (PDA) between the government and GMR Energy for the 900 MW Upper Karnali Hydropower Project.
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Road builders to pay fine to exit projects
Union Road Minister Oscar Fernandes has said that road developers in the country will not be blamed for delays in regulatory procedure but have to take responsibility for their own faults and may have to pay up to one per cent of total project cost as penalty
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Tunnelling: The big bore
Compared with other countries like China, India has just taken baby steps. But as cities burst at the seams, more hydro projects are sanctioned in the north east and challenging rail projects are underway,
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CIL to raise efficiency by installing GPS system
By March 2014, Coal India (CIL) plans to install GPS-based system for tracking transportation of coal and thereby improve efficiency at its major mines. The system is intended to prevent theft of coal and increase productivity.