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The Chief Minister of Odisha, Naveen Patnaik met M. Venkaiah Naidu, the Union Minister of Urban Development, Housing and Urban Poverty Alleviation (HUPA) and Parliamentary Affairs in New Delhi on June 3, 2014. M. Venkaiah Naidu assured the Chief Minister all possible help and cooperation of his ministry in the implementation of the projects. The Minister also mentioned that any pending release of funds to the State will be expedited.
The environment ministry has deferred a decision on granting clearance to underground coal mining project of Monnet Ispat & Energy Ltd in the state of Chhattisgarh. The said company is seeking environment clearance for Rajgammar underground coal mine project located in Korba district of Chhattisgarh.
Dhamra Port Company Ltd (DPCL) is an equal joint venture (JV) between the Tatas and Larsen & Toubro (L&T). DPCL is implementing the Dhamra port development project. The port has sought 745 acre of land to facilitate its second phase expansion. This project phase is likely to cost Rs 10,000 crore.
A project to upgrade a road to Jawaharlal Nehru Port (JNPT) in Mumbai has been approved by the Union government on September 23. The road project involves a total expenditure of Rs 1,943.37 crore. The Cabinet Committee on Economic Affairs (CCEA) approved the road development project, to be undertaken by Mumbai JNPT Port Road Company (MJPRCL).
Kerala government gave administrative approval for a Rs 380-lakh project to develop the Beypore port, Minister for Ports K Babu was quoted as saying in an official press note. Of the total amount, Rs 300 lakh would be spent on installing reach stackers for the movement of cargo containers from the wharf to the stacking
Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo