According to some press reports, the union government may form an inter-ministerial group (IMG) for recommending ways to fast-track clearance for PoscoĂâs $12-billion investment plans in Odisha. Last year, the National Green Tribunal sought a fresh environment impact analysis for for the entire 12 million tonne per annum (mn tpa
Tag: delay
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Work on Chennai Port connectivity project set to begin
Work on the much-delayed Rs 1,815-crore Chennai Port-Maduravoyal elevated expressway project may begin soon with the state Water Resources Department (WRD) asking NHAI to realign the expressway and proceed work. In places such as Spurtank Road and downstream of Choolaimedu bridge, the WRD asked National Highways Authority of India (NHAI), which is imple
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Banker stresses on timely nod for projects
Chanda Kochhar, MD and CEO of ICICI Bank stressed on the need to ensure that the projects under implementation get the necessary last mile clearances and linkages so that the assets become productive on schedule. She said this to a leading news agency when asked about banks' exposure to large infrastructure and indus
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Paradip ore terminal project faces inordinate delay
The proposed iron ore terminal project at Paradip Port Trust (PPT) is facing inordinate delay because of lack of environment and forest clearances, and court cases over relocation of iron ore plots. Blue Water Iron Ore Terminal, a special purpose vehicle floated by the Hong Kong-based Noble Group, in partnership with Gammon Infrastructure Projects and MMT
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Envionment ministry sits on 307 road projects
According to union road ministry, till October 2012 a total of 307 road projects are pending for environmental and forest clearances. This also includes cases with the Border Roads Organization (BRO), sources from the Union Road Transport Ministry (RTM) said. It is learnt that these projects are mainly for widening existing carriageways in order to augment capa
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Manipur attributes delay in road works to bandhs
In Manipur, the delay in the development of roads was due to financial crunch, bandh, blockade and technically unavoidable circumstances faced by the department concerned, said the State Works Minister Kh Ratankumar.
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J&K govt mulls ordinance to begin pipeline project
According to media reports, the Jammu and Kashmir government plans to introduce an ordinance for beginning work on the Bhatinda-Jammu-Srinagar gas pipeline project. It may be noted that the Gujarat State Petronet (GSPL), a subsidiary of Gujarat government, secured the
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ABG Shipyard faces liquidity stress
The liquidity condition of ABG Shipyard is facing continued stress owing to large work-in-progress inventory relating to oil rigs, India Ratings said. The shipyard is facing delay in executing a novation agreement with a large client and an associate company. Novation is the act of either replacing an obligation to perform with a new obligation, or replacing a party to an a
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Govt awarded only 1,010 km road project so far
Minister of State for Road Transport and Highways (RTH) Sarvey Sathyanarayana informed Lok Sabha that the government awarded 1,010 km of national highways (NH) so far in 2012-13. This is hardly 11.5 per cent of the target of 8,800 km under National Highways Development Project (NHDP) for this
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Land, green clearance hit steel projects
Some industry observers feel that governmentĂâs policy affected many steel projects in the country. According to one estimate, at least 35-40 million tonne of capacity has been cancelled or postponed over the past few years, putting a question mark over the steel ministryĂâs dream of taking the installed capacity to 200 million tonne from 90 million tonne now