In the highway sector, the Union government paved the way for developers to exit projects in between by diluting equity in favour of an interested company.
Tag: July
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Tata BlueScope gets Mercedes-Benz order
Tata BlueScope Building Products, a business division of Tata BlueScope Steel has bagged the order to supply LYSAGHTĂÂź roof and wall cladding profiles to the extended manufacturing facility of Mercedes-Benz India at Chakan, Pune.
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Delay raises cost of rail projects
Owing to cost overrun, the cost of railway projects across the country has risen from Rs 36,930 crore to Rs 91,902 crore. This is around 148 per cent rise in expenditure or about Rs 55,000 crore, reports indicate.
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NMDC signs MoU
NMDC said it signed a Memorandum of Understanding for mineral projects in Zimbabwe. NMDC is India's single largest iron ore producer, presently producing about 30 million tonne of iron ore from three fully mechanised mines viz, Bailadila Deposit-14/11C
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Villagers stall NTPC project
Villagers stopped the mining project at NTPC's Pakri-Barwadih coal block demanding higher compensation from the state-run coal producer for acquiring the cultivable land.
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Navi Mumbai airport project
Cost over-run owing to the delay in project implementation may make the proposed international airport project at Navi Mumbai unviable, City and Industrial Development Corporation (Cidco) feels.
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Bihar to build 50,000 km roads
Bihar government will construct a network of 50,000 km of roads in the next five years, said Rural Works Department Minister Bhim Singh. Presenting the annual report of his department, Singh said while 11 districts are covered under Pradhan Mantri Gram Sadak Yojana (PMGSY)
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Reliance Jio to use RCOM towers
Reliance Jio Infocomm and Reliance Communications (RCOM) announced the signing of a definitive agreement for sharing of RCOM's nationwide telecom tower infrastructure. Under the terms of the agreement,
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Bharti Airtel to use solar energy for its towers
To cut operational costs of its network, Bharti Airtel plans to use environmentally-friendly energy sources to power its telecom towers in Africa.
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Telecom Centre of Excellence
India got its 8th Telecom Centre of Excellence with RailTel Corrporation signing an MoU with IIT Roorkee for establishing RailTel IIT Roorkee Centre of Excellence in Telecom (RICET).