Odisha government cancelled the trading licence of Deepak Steel and Power and also refused to renew the Memorandum of Understanding (MoU) signed with the firm earlier owing to irregularities committed by the firm. The MoU signed with the firm has already lapsed and the state government refused to renew it. The company has allegedly produced more iron ore than what was statutorily allowed from the from an adjacent plot in Uliburu mines. The adjacent plot was categorised as reserve forest
Tag: MoU
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Denmark, indian firms in JV
The Union Minister for New & Renewable Energy Farooq Abdullah said that a number of companies from Denmark have joint collaborations with Indian private sector companies in the renewable energy sector in India.
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IL&FS, ICBC Hong Kong to cooperate on infra projects
Hong Kong-based Industrial and Commercial Bank of China (ICBC) signed an agreement with India's Infrastructure Leasing & Financial Services to aid infrastructure projects in the north and east Asia. This is one of the leading banks in Hong Kong and also a wholly owned subsidiary of Industrial and Commercial Bank of China
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IBM chief calls for raising steel output
CS Gundewar, Controller General of Indian Bureau of Mines (IBM) pointed out that India is the fourth largest producer of steel in the world. At present the country is producing 65 million tonne steel, but as per the National Steel Policy of this figure should reach 180 million tonnes by 2020, he said. He said there is an urgent need to increase steel production which would require exploration of unmined iron
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IBM chief calls for raising steel output
CS Gundewar, Controller General of Indian Bureau of Mines (IBM) pointed out that India is the fourth largest producer of steel in the world. At present the country is producing 65 million tonne steel, but as per the National Steel Policy of this figure should reach 180 million tonnes by 2020, he said. He said there is an urgent need to increase steel production which would require exploration of unmined iron
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IBM official suggests eco-friendly technologies in mining
CS Gundewar, Controller General, Indian Bureau of Mines stressed on the need for more scientific and environment conscious mining by using eco-friendly technologies. He said this while delivering a lecture at the National technology Day programme organsied by the National Environmental Engineering Research Institute (Neeri
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APGDC, KSPL sign pact for Rs 50 bn LNG terminal project
The Andhra Pradesh Gas Distribution Corporation (APGDC) and the Kakinada Seaport (KSPL) signed a memorandum of understanding (MoU) for the proposed Rs 5,000 crore LNG terminal project. APGDC is a joint venture between GAIL Gas and Andhra Pradesh Gas Infrastructure Corporation (APGIC). The proposed floating, storage and re-gasification unit (FSR
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IAML signs pact with 8 banks on acquiring infra loans
IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF
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Odisha govt to renew MoUs with 7 IPPs
Within the next two months, Odisha government may renew the memoranda of understanding (MoU) signed with seven independent power projects (IPPs) earlier. The state government decided to renew these agreements as they expired recently. Specifically, the state government may renew MoUs with GMR Kamalanga Energy, Jindal India Thermal Power (JITPL), Mon
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India, UAE tie-up on air services
Following a two-day bilateral negotiation at Abu Dhabi on April 24 India and United Arab Emirates (UAE) signed an MoU on air services. The UAE had urged India to allocate additional 40,000 seats per week, grant Goa, Pune, Amritsar and Lucknow as additional points of calls, remove the maximum cap prescribed from each point of call in-term of seats/ frequency per week and allow 3rd country /domestic code share facility.