The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the Rs 845 crore capacity enhancement project in Vishakhapatnam Port. The project involves upgradation of the existing facility and creation of an iron ore handling terminal. The terminal for handling iron ore would be set up on DBFOT (Design, Build, Finance, Operate and Transfer) basis in
Tag: infrastructure
Post
Post
Panel suggests CIWTC to deploy barges to Kolkata port
The Central Inland Water Corporation (CIWTC) must deploy its barges to Kolkata port for ferrying cargo from large ships, which cannot call at the port. This suggestion was reportedly made by the Rajya Sabha Standing Committee on Port and Shipping in its report. According to the committee, the port must follow the operation model of Shanghai port in China. The Chinese port,
Post
Shares of Gujarat Pipavav Port change hands
Recently, a bunch of shares of ` Port changed hands in the Bombay Stock Exchange (BSE). On May 13, 2013, a bulk deal of 2.80 lakh shares of the firm was executed at Rs 47.50 per share. On the same day, another bulk deal of 11.62 lakh shares was struck, reports suggest. The small-cap company has an equity capital of Rs 483.44 crore. Face value per share is Rs 10
Post
Capacity of proposed Afghan steel plant reduced
Considering the lack of evacuation and other infrastructure, an Indian consortium led by SAIL decided to reduce the planned capacity of an upcoming steel plant in Afghanistan. The consortium of three state-run and four private Indian players decided to set up a smaller plant with a capacity of less than 2 million tonne (mn t) to cater to Afgh
Post
World Bank lends $216 mn for road projects
Road projects in Kerala received $216 million funding from the World Bank, which points out that of the 4,340 km highways in the state, around 70 percent are still single-lane with 54 percent in poor condition. Kerala government would use the fund for its Stage Transport Project II (KSTP II). The fund would enable upgradation of 363 km of strategically important state highways
Post
AP ports lose share in pharma exports to western ports
PV Appaji, Director General of the Pharmaceuticals Export Promotion Council of India (Pharmexcil) informed that many Andhra Pradesh-based pharma companies preferred Western ports, mainly JNPT, to export their drugs. This lead to a fall in drug volumes handled by ports in Andhra Pradesh. Pharma exports from ports in the state declined to 18 percent as compared to 22 percent in 201
Post
Chidambaram reviews Rs 7 tn worth projects
As part of his efforts to expedite infrastructure projects in different states, Finance Minister P Chidambaram held discussion with promoters of delayed projects and officials of state-run banks in Karnataka. During the discussion, the minister reviewed 21 infrastructure projects, which are delayed, in the state acros
Post
Experts suggest India to attract Chinese funds for infra projects
Some experts suggest that India may attract the huge foreign exchange reserves of China, estimated to be about $3 trillion, towards its infrastructure sector. Experts suggest the Indian government to attract foreign direct investment (FDI) from China into the infrastructure sector, which needs $1 trillion funding during
Post
Infra firms seek independent regulator for PPP projects
Reports indicate that infrastructure firms and lenders to the sector requested the government to set up an independent regulator to deal with uncertain events in the execution PPP projects. Firms and lenders want the proposed regulator to have powers to make the current agreements of the Public Private Partnership (PPP) projects more flexible to deal
Post
IAML signs pact with 8 banks on acquiring infra loans
IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF