In order to raise its production capacity, from the current million tonne per annum (mn tpa), state-run Steel Authority of India (SAIL) proposes to invest Rs 13,000 crore in 2013-14. Of the total amount, Bhilai Steel Plant may get the highest share at Rs 5,900 crore for installation of a 700 ton
Tag: expenditure
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Industry body calls for cut in import duty
Metal Container Manufacturers' Association suggested the union finance ministry to reduce the import duty on prime tinplate from 7.5 per cent to 5 per cent. The association said this in a pre-Budget memorandum. It argues that the industry has not been able to make major investments for modernisation as the fund
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ABG Shipyard mulls greenfield project in Gujarat
ABG Shipyard, which has one shipyard each at Surat and Dahej with a total area of approximately 620,000 sq m, proposes to set up a third one at an unknown location in three phases in Gujarat. The company sent a proposal for the same during the Vibrant Gujarat Global Investors Summit 2013. Besides, the firm also plans to expand its facilities at Dahej and Magdalla in three phases, with an estimat
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Pimpri civic body to build 18 meter road in Kiwale
An 18 meter wide road will be constructed in Kiwale in Pimpri Chinchwad city at an expenditure of Rs 2.21 crore by the Pimpri Chinchwad Municipal Corporation (PCMC). A proposal seeking approval for the work will be tabled before the standing committee meeting to be held on November 20, said Makrand Nikam, Executive Engineer, PCMC.
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Maha spends Rs 2,368 cr on its roads
Maharashtra has a road network of 2,41,000 km. The stateââŹâ˘s expenditure on roads has increased from Rs 539 crore in 2005 to Rs 2,368 crore. In 1996, the state government decided to formulate a private-public-partnership (PPP) policy to finance its Road Development Plan (1981ââŹâ2001), which in turn called for about Rs 26,000 crore of investments.
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Govt sticks to revised fiscal deficit target
Economic Affairs Secretary Arvind Mayaram informed that the government would not overshoot its revised fiscal deficit target of 5.3 percent in 2012-13. Earlier, Finance Minister P Chidambaram said this year fiscal deficit will be 5.3 per cent, instead of the budget estimate of 5.1 percent.
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Cabinet clears $1 tn infra investment plan
Union Minister for Urban Development and Parliamentary Affairs Kamal Nath informed that the cabinet has approved an expenditure of $1 trillion in the next five year