Abhijeet Group has been penalised by the Ministry of Coal for delay in coal production. The fine imposed is not much and it hurts the company's prestige more than the finances.
Tag: India
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Karnataka to revive infra projects
The Karnataka government is planning to revive a slew of infrastructure projects, including high-speed rail network and an international convention centre near Kempegowda International Airport near Devanahalli.
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Japan to support infra growth in India
Japan is keen on strengthening its investments in India. Apart from industrial investments it is also contributing to upgrading infrastructure. After the completion of the preliminary report on the corridor in 2012,
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Supreme Court allows iron ore mining in Goa
The Supreme Court allowed mining to resume in Goa, subject to an annual cap of 20 million tonne from leases other than dumps, lifting a ban that it imposed in 2012 but disallowing all so-called deemed lease holders from continuing with the activity.
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Finmin move to make spectrum a tangible asset
The finance ministry is preparing a draft note on making spectrum a tangible asset so that the airwaves can be considered as collateral by financial institutions for lending to telecom companies.
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MoRTH to try new technologies
To encourage adoption of new materials and technology in road construction, the Ministry of Road Transport and Highways (MoRTH) has formulated a policy where new technology can be adopted through pilot projects.
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Rs 3.3 lakh crore invested in 113 projects
Initial numbers flowing into the cabinet secretariat suggest that nearly 90 per cent of the investment in large projects, which were held up and have now been cleared, have materialised.
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L&T to construct Doha Metro project
Larsen & Toubro (L&T) has won a Rs 4,510-crore order from Qatar Railways Company for design and construction of the Gold Line of the Doha Metro project. The company has an order book of Rs 1.7-lakh crore and has given an order growth forecast of 15 per cent for 2013-14.
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IRB bags toll road order
IRB Infrastructure Developers has received 'letter of award' from the National Highways Authority of India for four laning the Yedeshi-Aurangabad section of NH-211 totalling about 190 km
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Lalitanjali Group to set up steel park in Vizag
Hyderabad-headquartered Lalitanjali Group, focused on strategies, industry entry planning, market research and raw material sources, is planning to set up the country's first steel industrial park in Visakhapatnam with an investment of Rs 650 crore, according to chief executive officer Rahul Rao.