The Rs 2,403 crore second phase of the Kerala State Transport Project (KSTP) received partial funding from the World Bank. The multilateral lending agency signed a loan agreement with the Department of Economic Affairs to make available Rs 1,166 crore for the project. Under the second phase, the Kerala government would develop 367 km of state highways spread over eight
Tag: infrastructure
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CCI may clear Rs 500 bn worth projects
Agency reports indicate that Cabinet Committee on Investment (CCI) may clear around Rs 50,000 crore worth projects by March 2014. In 2013-14, India would see many projects coming on stream. Department of Economic Affairs Secretary Arvind Mayaram is quoted as saying this by a leading news agency
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Govt lays 12,650 km gas pipeline
The Minister of Petroleum & Natural Gas M Veerappa Moily informed the Lok Sabha recently that for transporting natural gas across the length and breadth of the country, a cross-country pipeline network is being laid throughout the country. Presently, there are around 11,500 km of natural gas pipelines across the country and another 12,650 km of pipeline infrastructure is under various stages of imple
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Work on Gopalpur Port progresses according to schedule
Sources from Gopalpur Ports (GPL) informed that the improvement and construction work of the port was progressing as per the schedule. The breakwater to the south of the port had to be of 2,170 meter long. Its 1,700 meter was complete. The work of intermediate breakwater has been
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Credit Suisse expects better prospect for cement firms
In the next two years, prospect of cement companies may improve as supply pressure eases and demand rises, a research report by Credit Suisse shows. Cement firms have been battling supply glut because of excess capacity, which was built in anticipation of strong demand from the infrastructure projects
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Tata Steel’s 6 mn tpa project may be operationally beneficial
According to analysts, the proposed 6 mn tpa (million tonnes per annum) steel plant by Tata Steel in Odisha would be operationally beneficial for the company. This is because the proposed plant would have captive iron ore reserves, efficient logistical infrastructure reducing costs and technologically efficient plan
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TSMC buys stake in Howse deposit in Canada
Tata Steel Minerals Canada (TSMC), a subsidiary of Tata Steel, bought half the interest in Labrador Iron MinesÂ’ (LIM) Howse deposit for Canadian dollars 30 million (Rs 160 crore). In the areas of logistics and potential offtake arrangements, TSMC and LIM have entered into multi-part co-operation agreements as they operate adjacent iron ore projects spread over the Provinces of Newf
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UP strives to develop road infrastructure
The major focus of the Uttar Pradesh government has been on developing the state's infrastructure, particularly in rural areas. This included construction of roads, highways, flyovers and railway overbridges in various districts.
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Kotak mops up $90 mn to invest in infrastructure sector
According to an official statement, Kotak Mahindra Bank raised about $90 million in order to invest in companies engaged in industries like power generation and transmission, transportation. The amount, which is raised under the Core Infrastructure India Fund, would also be invested in water treatment and supply, waste management and gas transmission in
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AP govt to convince Krishnapatnam port for new port project
Andhra Pradesh government said it would take efforts to convince Krishnapatnam port to allow the state to construct a port at Ramayapatnam, which is less than 100 km from Krishnapatnam. The Krishnapatnam port, located in Nellore district, raised objections over the proposed port in Ramayapatnam on the ground that it would fall within the exclusive zone of 100