Public sector iron ore miner NMDC, which plans to set up a 3 million tonne (mn t) steel plant at Nagarnar in Chhattisgarh, is looking out for an equity partner for the project. The project reportedly faces delay because NMDC whose core competency lies in iron ore mining could not proceed owing to unavailability of a steel maker as a part
Tag: Chhattisgarh
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Contracting opportunities for LPG
Market for Liquefied Petroleum Gas (LPG) in India is divided into two parts - industrial & commercial LPG and subsidised domestic LPG. Industrial & Commercial LPG is a more competitive business segment thn the domestic LPG as it has competition between oil marketing companies (OMCs) and parallel marketing companies (PMC).
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Contracting opportunities for LPG
Market for Liquefied Petroleum Gas (LPG) in India is divided into two parts - industrial & commercial LPG and subsidised domestic LPG. Industrial & Commercial LPG is a more competitive business segment thn the domestic LPG as it has competition between oil marketing companies (OMCs) and parallel marketing companies (PMC).
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Chhattisgarhs allots Rs 19 bn for urban projects
Chhattisgarh Chief Minister Raman Singh informed that the state government earmarked Rs 1,900 crore as budget outlay for the urban development department. Singh remarked that money would not be a matter when it came to take up development works in the urban localities and provide better civic amenities to the people
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Tower and cables installation
BSNL has earmarked 100,000 lines of mobile capacity for expansion in Chhattisgarh Telecom Circle in its mobile expansion plan.
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Alstom to build transmission line for Power Grid
A contract for Rs 2,800 crore from state-run Power Grid Corporation has been bagged by Alstom to build a 1,365-km transmission line from Chhattisgarh to Haryana
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Tax money and high-risk prospecting
Without investment in exploration leading to discovery of mineral deposits, no investment would be forthcoming in mining, India is a densely populated country with an ancient heritage of mining and metallurgy.
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Board clears Rs 72 bn power projects
According to a company filing, the board of directors of PowerGrid Corp cleared an investment of Rs 3,201.44 crore for transmission system for phase-I generation projects in Jharkhand and West Bengal.The project is part of the Rs 7,209.65 crore investment proposal approved by the board.
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Railways mull industrial corridor
In order to improve transportation of minerals from Chhattisgarh and Jharkhand to other parts of the country, Indian Railways plans to lay a dedicated industrial rail corridor at an estimated cost of Rs 40,000 crore.At a high level meeting to review progress of rail infrastructure, the Rail Minister, Dinesh Trivedi approved the project.
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More premium bids for NHAI
All 4 bids opened on negative VGF exceeding estimation by far. NHAI opened four National Highway bids (on BOT) over the past two working days--three on Friday, 18 November and one on Monday, 21 November. The four have all been on premium, also called negative Viability Gap Funding (VGF) of varying amounts.