The union shipping ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from thei
Tag: Cost
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Ministry proposes 50% grant for dredging projects
The union shipping ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from thei
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Use of low-grade ore raises cost of steel firms
An agency report quoted Basant Poddar, Vice President of Federation of Indian Mineral Industries (FIMI) as saying that the use of low-grade iron ore by steel firms may raise the operational cost of these firms. On the back of acute shortage of iron ore in the country, steel firms are forced to use low-grade ore to run
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Use of low-grade ore raises cost of steel firms
An agency report quoted Basant Poddar, Vice President of Federation of Indian Mineral Industries (FIMI) as saying that the use of low-grade iron ore by steel firms may raise the operational cost of these firms. On the back of acute shortage of iron ore in the country, steel firms are forced to use low-grade ore to run
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MTHL comes in the way of JNPT’s proposed terminal
Jawaharlal Nehru Port Trust (JNPT) is reworking the design of its proposed fifth container terminal along with a ship repair facility after it was forced to clear the Mumbai Trans-Harbour Link Project. The port has to look at other alternatives, as the link will now pass through the waters where it had planned fifth terminal, said L Radhakrishnan, Chairman of JNPT. The proposed Mumbai Trans-Harbour Link would pass through the waters of JNPT where the container port was
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MTHL comes in the way of JNPT’s proposed terminal
Jawaharlal Nehru Port Trust (JNPT) is reworking the design of its proposed fifth container terminal along with a ship repair facility after it was forced to clear the Mumbai Trans-Harbour Link Project. The port has to look at other alternatives, as the link will now pass through the waters where it had planned fifth terminal, said L Radhakrishnan, Chairman of JNPT. The proposed Mumbai Trans-Harbour Link would pass through the waters of JNPT where the container port was
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Tata Steel expects phase I of Kalinganagar project in 2014
Anand Sen, Vice President, Tata Steel informed reporters that the Kalinganagar integrated greenfield steel plant would begin production in the second half of 2014. The 6 million tonne plant is being constructed in two phases of 3 mn t each, The first phase includes a 3 million tonne steel capacity unit and the common facili
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Profit of HPCL falls despite rise in operating income
The total operating income of Hindustan Petroleum Corp (HPCL) rose 11 per cent during October-December 2012 period to Rs 53,424 crore. However, the profit of the state-run refiner declined sharply to Rs 147 crore, from Rs 2,725.18 crore in the year-ago period because of a spike in costs and lower com
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Profit of HPCL falls despite rise in operating income
The total operating income of Hindustan Petroleum Corp (HPCL) rose 11 per cent during October-December 2012 period to Rs 53,424 crore. However, the profit of the state-run refiner declined sharply to Rs 147 crore, from Rs 2,725.18 crore in the year-ago period because of a spike in costs and lower com
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CAG, RIL differ on audit of KG D6 block
Media reports suggest that the Comptroller and Auditor General (CAG) of India and Reliance Industries (RIL) are sparring over the scope of the audit for the KG-D6 natural gas fields. On January 17, the CAG has reportedly wrote to the oil ministry saying that RIL was not co-operating with the auditors due to differences over the scope of the audit