In order to ramp-up output, open new mines and also set up a new power plant, Singareni Collieries Co plans to spend Rs 10,360 crore during 2012-17. According to some reports the company invested Rs 3,220 crore (of the total investment) in 2012-13.
Tag: Magazine
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CERC to restructure coal index
The Central Electricity Regulatory Commission (CERC) proposed to restructure the coal price index followed in the country for making payments by power producers to coal imports. Currently, for payments for imported coal, CERC uses a composite index that considers Australian and South African coal.
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Govt to announce more economic reforms
Union Finance Minister informed that the government would unleash more economic reforms in the coming days in order to rev up the investor sentiment and spur growth momentum.
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Regulatory fund for coal
The Central Government would set up a fund called "The Coal Regulatory Authority Fund" to credit all grants, fee and charges received by the authority. After passing of the Coal Regulatory Authority Bill, 2013, details would be worked out and submitted to the
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Blue Dart CFO wins award
Yogesh Dhingra, Chief Operating Officer and Finance Director, Blue Dart Express, was awarded the '4th Business Today-Yes Bank CFO Award'. Yogesh won this award in the category for Best CFO of an MNC (mid-sized companies).
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RBI keeps CRR unchanged
A resolute Reserve Bank of India (RBI) refrained from reducing policy repo rate in its mid-quarter review of monetary policy on 17 June 2013 citing the persistently high food inflation even though general inflation has declined.
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Dena Bank to strengthen in east
Ashwani Kumar, Chairman and Managing Director of Dena Bank said the bank decided to strengthen its footprint in the eastern part of the country especially in West Bengal and Bihar.
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J&K gets grant for rural roads
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.
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DP World signs concession agreement with JNPT for gateway terminal
DP World and Jawaharlal Nehru Port Trus (JNPT) held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the port. DP World received the Letter of Award for the new Nhava Sheva (India) Gateway Terminal project in November last year.
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Project delay in Kolkata port
Industry observers raise concern about delay in the slew of port projects proposed in the Kolkata port. For the last 10 years, authorities have been proposing to set up cargo handling facilities at Sagar Island closer to sea.