After a gap of more than two years, the Indian Railways will procure wagons. A tender has been floated for a total of 11,728 wagons of six types, including the standard ones for coal and iron or
Tag: Coal
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Projects cleared by Project Monitoring Group
Following is the list of the projects which was cleared by Project Monitoring Group
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Eastern Railway earnings up
Earning a revenue of Rs 717.84 crore, Eastern Railway (ER) in last September loaded 5,270 million tonne (mt) of freight up by 16.67 per cent over 4.517 mt loaded in the same month last year.
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Fall of rupee results in piling up of imported coal at ports
Fall of rupee has resulted in the piling up of coal at Indian ports. Major Indian ports have more than 3.5 million tonne (mt) of coal stockpiles because importers are refusing to take deliveries as the rupeeÂ’s fall against the dollar has made the landed price of the imported coal unexpectedly high.
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Centre clears 1.1 lakh cr big ticket infra projects
In a big relief to investors, the Union Government has cleared big-ticket investment projects worth Rs 1.1 lakh crore. The projects were held up for years for want of several government clearances.
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EMCO Energys second 300 MW unit synchronised
The second unit of the 2X300 MW power plant of GMR's EMCO Energy has been synchronised with the grid and has achieved full load operation on 27 August 2013. The GMR Group is setting up EMCO Energy's 600 MW power plant at Warora in Chandrapur District of Maharashtra.
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Dighi Port to set up 3 more berths
Vijay Kalantri, Chairman and Managing Director of Dighi Port informed that the port would set up the remaining three berths as part of the phase one of the project by December 2014. The green field port is being developed in Raigad district of Maharashtra. It may be recalled that the port auth
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Rupee depreciation to hit steel firms
Analysts feel that the depreciation of rupee against the dollar may affect the bottomlines of steel companies further. Already, companies like JSW Steel, Steel Authority of India (SAIL) bore the brunt because of the unfavourable exchange rate. The depreciating rupee may further hurt the cost of production of steel companies in turn affecting their mar
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Govt expects report on PPP policy in coal mining by Dec
By December 2013, government expects a nine-member panel to submit report on devising public-private-partnership (PPP) framework in the coal mining sector. In March 2013, the government set up the panel under
the chairmanship of Coal Secretary SK Srivastava to devise PPP framework
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Paradip port to conduct another round of bidding for two projects
Sources from Paradip Port Trust (PPT) informed that
the authority would conduct fresh bidding for the Rs 591.35 crore the iron ore berth project and Rs 387.31 crore multi-purpose berth project. The port authority wants to engage a private player for the construction of a 10-mn tpa deep draft iron ore bert