At a recent meeting of the Project Approval Board of Punjab government cleared the proposal to set up a dry port near Kila Raipur in Ludhiana.The board, which is headed by Chief Minister Parkash Singh Badal, cleared the project as the proposed port may boost industrialisation, trade and commercial activity in Punjab.
Tag: infrastructure
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KPT’s tender attracts strong response
It seems the tender floated by Kolkata Port Trust (KPT) for mechanized cargo handling at the berth no 2 and 8 of the Haldia Dock Complex is attracting strong response from firms. According to sources in the knowhow of the matter, nine companies participated in the recent pre-bid meeting held by the port trust for the tender
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Road construction sector on the path of recovery
Industry players feel that the road construction sector is on the path to recovery with the government announcing new norms for road development. It is learnt that the improvement in the project award and execution has caused a sudden surge in demand for construction machinery, building material machines, mining machines and construction
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GVK awards Rs 19.8 bn order to L&T
GVK project and Technical Services awarded a Rs 1,985 crore contract to the infrastructure IC (independent company) of L&T Construction. In a press statement, the company said the order was part of the Rs 2,503 crore fresh contracts secured by it across various segments
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Japan to announce more loan for corridor project
Japan Prime Minister Yoshihiko Noda informed that the country would announce the second round of loans under Overseas Development Assistance (ODA) for the second phase of the Dedicated Freight Corridor and a third infrastructural project in South India, reports suggest. Noda has reportedly informed this to Prime Minister Manmohan Singh when the two leaders met on the sideli
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Srei Infrastructure sees IDF in 2 months
Having received approval from the Sebi for setting up an infra debt fund (IDF) through the mutual fund route, Srei Infrastructure Finance would begin the process now and hopes to launch it in January 2013. This information was given by Hemant Kanoria, Chairman and Managing Director of Srei to a leading media agency
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WBHIDCO to allot vacant land
As part of its second phase development of the proposed financial hub at New Town near Kolkata, the West Bengal Housing Infrastructure Development Corporation (WBHIDCO) plans to allot six vacant plots totalling around 2.5 acre of land. The plots would be allotted on a lease-hold basis (for 99 years) and the cor
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L&T arm secures Rs 6.4 bn contract
The Buildings & Factories arm of the construction and engineering major Larsen & Toubro secured a Rs 644 crore
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FDI to herald organisation of agri-infra
Multi-brand FDI in retail can be a stepping stone for the rural infrastructure growth, in spite of some mandates that hinder the smooth implementation of the programme.
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A landmark event
The first edition of India Construction Festival 2012 brought together the movers and shakers of the industry.