Since the setting up of the Cabinet Committee on Investment (CCI) in January 2013, mega projects worth a total of Rs 74,000 crore, have been cleared by the body. These projects were stalled because of lack of statutory clearances. Many projects in the oil and gas sector, with a cumulative investment of $13.42 billion, were held up because of of objections raised by the Defe
Tag: manufacturing
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Goa govt prepares draft investment policy
Goa government prepared a draft investment-cum-industrial polic, which laid a special thrust on development of Special Investment Regions (SIRs). The SIRs will attract large investments, economies of scale and world class infrastructure arrangements. SIRs involves special areas demarcated for development with their own industrial, social and urban infras
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Indian steel sector holds strong growth potential
Brazilian steelmaker Gerdau SA hopes that the Indian steel sector may grow sizeably given the current low per capita consumptions in the domestic market. In view of the opportunities in the domestic market, the company plans to expand its footprint in India and it is in active talks with a few Indian steel companies for acquiring either majority stake or entire stake. But it is not know
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CCI may clear Rs 500 bn worth projects
Agency reports indicate that Cabinet Committee on Investment (CCI) may clear around Rs 50,000 crore worth projects by March 2014. In 2013-14, India would see many projects coming on stream. Department of Economic Affairs Secretary Arvind Mayaram is quoted as saying this by a leading news agency
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JSPL to raise capacity of Angul plant by 4 mn t
Jindal Steel and Power (JSPL) plans to raise the capacity of its steel plant at Angul in coastal Odisha by 4 million tonne (mn t) in the second phase and is working to secure funding for the project. The company is considering 60:40 debt debt-equity ratio for the 4 mn t expansion. But it is not known how much would be the capital expenditure on the second phas
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BHEL agrees to set up MEMU manufacturing unit
Bharat Heavy Electricals (BHEL) signed a Memorandum of Understanding (MoU) with the Indian Railways to set up a Greenfield MEMU coaches manufacturing facility at Bhilwara in Rajasthan. Indian Railways introduced Main Line Electric Multiple Unit Trains, popularly known as MEMU trains, in the Year 1994-95, as a mode of rapid transit system, to cate
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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New coke battery of IISCO plant to benefit bottomline
Narendra Kothari, Chief Executive Officer of IISCO Steel Plant said the new coke oven battery Number 11, which began operation recently, would contribute significantly to the overall bottom line of the company. It may be noted that the Burnpur-based IISCO Steel Plant (ISP), which is part of SAIL, begun trial productions at some of its new units – coke oven batt
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New coke battery of IISCO plant to benefit bottomline
Narendra Kothari, Chief Executive Officer of IISCO Steel Plant said the new coke oven battery Number 11, which began operation recently, would contribute significantly to the overall bottom line of the company. It may be noted that the Burnpur-based IISCO Steel Plant (ISP), which is part of SAIL, begun trial productions at some of its new units – coke oven batt