540 MW Hydro-electric project located on Chenab River
The macroeconomic aspects of GST havenÂ´t been taken into account. If the government says that it will collect more revenue, then that means that prices will have to rise because itÂ´s an indirect tax. If prices rise, then industrial output would tend to stagnate or decline.
Alstom has bagged a contract worth about Rs 850 crore from GVK Power and Infrastructure to provide equipment for the 850 MW Ratle hydropower project in Jammu and Kashmir. The contract calls for Alstom to supply four 205 MW Francis turbine units and one 30 MW unit. The turbines will be manufactured at the company's facility in Vadodara. Alstom said it expects it to be commissioned in 2017.
In Jammu and Kashmir, the Border Roads Organisation (BRO) on September 27 started construction of Reasi-Mahore road and submitted compliance report after the District Magistrate initiated criminal proceedings against its Chief Engineer and notice served up the DG BRO for bad condition of roads in Reasi.
Rural road projects in Jammu and Kashmir (J&K) received a grant of Rs 710 crore from the Central Government. The grant would enable completion of Pradhan Mantri Gram Sadak Yojana (PMGSY) projects, which are delayed because of issues in land acquisition.