Visakhapatnam Port Trust (VPT) may find it difficult to achieve its planned capacity increase to 150 million tonne by 2020 as several port projects are facing delay.
Tag: investment
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FDI relaxation in multi-branded retail
The Union government approved the relaxation of the foreign direct investment (FDI) policy on multi-brand retail trading (MBRT), by easing main contentious riders on such money.
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Reliance starts wind project
In Vashpet of Maharashtra, Reliance Power commissioned its wind power facility of 45 MW. Built with an investment of Rs 300 crore, the power from this project would be sold to Reliance Infrastructure for distribution to Mumbai in line with regulated tariff structure of Maharashtra
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IOCL to invest Rs 50 bn on gas terminal project
Indian Oil Corporation chose Dhamra coast in Odisha's Bhadrak district for setting up a natural gas terminal at an investment of Rs 5,000 crore. In future, IOC plans to raise the capacity of the terminal by above 10 mn mtpa per annum. IOCL and the state government would jointly promote necessary infrastructure in Odisha for distribution of natural gas for indu
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PE investors struggle to exit investment
A study by Deloitte India shows that private equity investment in India exceeded $100 billion since 1995, but only $25 billion of the investment has been withdrawn. In other words, in 80 per cent of investment, PE players have not got their money back, are struggling to find an exit and in some cases even written off their investment
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Meghalaya govt to reconsider mining policy
In order to address the concerns of all stakeholders, Meghalaya government decided to reconsider the state Mines and Minerals Policy, 2012 and implement it after holding wide consultations with them. It may be recalled that the state Mines and Minerals Policy, 2012 allows miners to continue with rat-hole coal
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Steering group finalises deadline for infra projects
A meeting of the Steering Group appointed by the Prime Minister to accelerate Infrastructure Investment in its first meeting has finalized deadlines with time lines for the intermediate steps for key infrastructure projects. The progress on the intermediate steps will be monitored on a regular basis. The deadlines will ensure that Ministries or Departments are clear about not just the over
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Cabinet to decide on Rs 372 bn refinery project
Media reports indicate that the union cabinet would soon decide on clearing the Rs 37,230 crore refinery project at Barmer, Rajasthan. It is learnt that the central government prepared a note for the cabinet on this project, which is promoted by the state-run Hindustan Petroleum Corporation (
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Basel-III norms may require Rs 2.3 trillion additional capital for SBI
In order to meet the additional capital requirement under the Basel-III norms, State Bank of India (SBI) would need about Rs 230,000 crore up to 2018. This includes Rs 150,000 crore of tier-I capital and Rs 80,000 crore of tier-II capital, agency reports indicate.
It is learnt that SBI may raise some of the required capital through internal accruals and some part from the mark
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Kalyani Forge mulls Rs 2 bn investment to upgrade unit
In the coming five years, Pune-based Kalyani Forge
would deploy around Rs 200 crore on upgrading its current facility and key areas of operations. The Pune-based maker of precision forgings would use part of the investment for low-cost automation to increase productivity. It is learnt that the firm has a lot of u