According to an official press release, cargo volume at Ennore Port may rise 14 per cent to an all-time record of 17 million tonne (mn t) in 2012-13 from 14.96 mn t in the previous financial year. The cargo volume handled by the port surpassed the target of 16 mn t fixed by the centre for the financial year 2012-13 on February 28. The target for the entire financial year was achieved one month prior to the close of the financial year
Tag: plan
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Govt aims upto Rs 35 bn from stake sale in SAIL
Before the end of the financial year 2012-13, the government plans to offload 10.82 per cent of its stake in state-owned Steel Authority of India (SAIL) and garner Rs 2,700-3,500 crore. The department of disinvestment (DoD) in holding discussions with the steel ministry on this matter and soo
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Govt aims upto Rs 35 bn from stake sale in SAIL
Before the end of the financial year 2012-13, the government plans to offload 10.82 per cent of its stake in state-owned Steel Authority of India (SAIL) and garner Rs 2,700-3,500 crore. The department of disinvestment (DoD) in holding discussions with the steel ministry on this matter and soo
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Disinvestment secy expects Rs 270 bn from stake sale in FY13
Union Disinvestment Secretary Ravi Mathur informed reporters that the government may manage to mop up Rs 27,000 crore by offloading stakes in state-run firms in 2012-13. It may be recalled that the central government earlier set a target to raise Rs 30,000 crore through disinv
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Govt may restart IOC stake sale
Reports suggest that the government may restart the process of divesting its stake in Indian Oil Corporation following the considerable rise in the share price of oil companies in recent trading sessions. In 2010, the government deferred its plan to offload 10 percent (of its 78.92 percent) stake in Indian Oil because of poor market condition
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IOC to upgrade refining capacity
State-run oil refiner Indian Oil Corporation (IndianOil) plans to upgrade itself to process heavier crude. In the first phase of its expansion plan, the company invested substantially to process high sulphur crude. In the second phase, it is looking at upgrading itself to pro
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Kolkata Port to invest Rs 150 bn to attract traffic
In order to reverse the decline in cargo handling at Kolkata Port, the authority planned to invest Rs 15,000 crore on various development projects till the end of the 12th Five Year Plan (2016-17). Cargo handling at the port declined to 43.245 million tonne (mn t) in 2011-12 compared to 47.545 mn t in the previous fiscal. The decline is attributed mainly to a fall in liquid bulk as also in crude oil movement. Meanwhile, the port is planning to sell or lease land in seve
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Madurai Corp to take up road repairs at Rs 24 cr
Madurai City Corporation has chalked out a Rs 24 crore plan to relay, repair and lay new roads on 67 stretches in various parts of the city that cry for attention. The city corporation council adopted a resolution in this regard on November 28.
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Madurai Corp to take up road repairs at Rs 24 cr
Madurai City Corporation has chalked out a Rs 24 crore plan to relay, repair and lay new roads on 67 stretches in various parts of the city that cry for attention. The city corporation council adopted a resolution in this regard on November 28.
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Govt prepares waste management plan
Karnataka Chief Minister Jagadish Shettar prepared plans to set up a modern and scientific waste management system in Bangalore. The plan, which aims to set up one processing unit in each of Bangalore’s 28 assembly constituencies, aims to decentralize waste processing in the long-term.