Industry watchers and experts urge government to fast-track implementation of port sector projects. The shipping ministry has not been able to award any large projects last year owing to several reasons. While the projects could improve capacity for the port sector in the country, experts are worried about the pace at which the projects could be implemented. Last year, four separate port projects, estimated to cost
Tag: investment
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Survey calls for clarity in NELP
Economic Survey 2012-13 called for clarity in terms of the New Exploration Licensing Policy (NELP) in order to remove impediments to implementation of projects in infrastructure, especially in the area of energy. While the Survey did not elaborate on what clarity was needed in NELP, it said the long term strategy should focus on issues like... petroleum price distortion (and) natural gas
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Experts suggest import parity pricing for gas
Experts suggest government to introduce import parity pricing for natural gas as it is a cleaner fuel and leaves a far smaller environmental footprint. Presently, crude oil produced in the country is given import parity price. This is however denied for gas. If the same well produces oil and gas, then the former receives impor
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Experts suggest import parity pricing for gas
Experts suggest government to introduce import parity pricing for natural gas as it is a cleaner fuel and leaves a far smaller environmental footprint. Presently, crude oil produced in the country is given import parity price. This is however denied for gas. If the same well produces oil and gas, then the former receives impor
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Banks may find it difficult to raise non-equity core capital
Crisil Ratings President Ramraj Pai opined that banks may find it difficult to raise Rs 1.4 trillion worth of non-equity-based tier-I capital, as mandated by Basel III norms, because of complexity involved in these debt instruments. According to Basel III norms, banks will have to raise
1.3 trillion as equity capital and up to Rs 1.4 trillion as non-equity tier-I capital
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CAG complains against RIL to oil ministry
Reports indicate that the Comptroller and Auditor General (CAG) wrote to the union petroleum minister M Veerappa Moily that Reliance Industries (RIL) was not cooperating with the audit of the spending on the flagging KG-D6 fields. It is learnt that the company declined to share the documents related to its legal case against the oil mini
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KoPT may shortlist bidders on March 15
Kolkata Port Trust (KoPT) is likely to shortlist the interested bidders for the Rs 1,500-crore, 1.2 million Twenty Foot Equivalent Unit (TEU) container terminal project at Diamond Harbour on March 15. It may be recalled that the port earlier extended the pre-bid application deadline to February 28 owing to lack of response from private players
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Tata Steel MD welcomes budget 2013-14
HM Nerurkar, Managing Director of Tata Steel opined that the Union Budget 2013-14 made an attempt to achieve inclusive growth and a sustainable economy given the global economic scenario. Nerurkar welcomed the thrust given to the infrastructure industry through investment allowance of 15 per cent and various steps for mobilising funds for the gro
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Infrastructure sector is poised to be a key growth driver
Infrastructure projects will account for substantial portion of the proposed investments, making EPC sector one of the biggest beneficiaries of the infrastructure boom in India, says AK Purwaha, Chairman and Managing Director, Engineers India Ltd
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Railways to boost coal mine connectivity with Rs 40 bn investment
As part of its initiative to boost railway connectivity, the railway ministry plans to spend about Rs 4,000 crore to upgrade rail connectivity to coal mines. The investment, once materialises, would boost fuel supplies to power projects. Many power projects are suffering insufficient coal supply because of lack of rail conn