Rashtriya Ispat Nigam' (RINL) may rope in either MOIL or NMDC for its Rs 2,000 crore joint venture project as BHEL is bot keen on the project. Earlier, BHEL and RINL planned to set up a seamless tube mill (STML) with an annual production capacity of four lakh tonne per annum. BHEL requested NMDC to join in the proj
Tag: project
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Govt to shift locals to pave way for pending project work
West Bengal government decided to shift 35 tenants and eight landlords to makeshift houses at the ground adjacent to Bidyadhari School in Duttabad in order to complete the remaining work on the elevated East-West Metro project. Owing to issue on rehabilitation of residents, the construction of 5.77-km elevated part of the 14.58 km corridor between Howrah Maidan and Nabadiganta Tow
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Govt completes major part of East-West Corridor project
Minister of State for Road Transport and Highways Sarvey Sathyanarayana spoke about the status of the East - West Corridor project in Lok Sabha recently. He said the four laning of the entire length of East - West Corridor has been completed except 195 km under implementation and 232 km balance for award. Main reasons for delays are land acquisition & forest clearance. About Rs 27,000 crore has been incurred on Eas
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Odisha choosen for ICZM phase-II project
The Union government has chosen Odisha among three states for Phase-II of Integrated Coastal Zone Management (ICZM) projects. A high level meeting for preparation of Phase –II project proposal was held by the Ministry of Forest & Environment on August 12 under the Chairmanship of the State Chief Secretary Jugal Kishore Mohapatra in Bhubaneswar. Integrated Costal Zone management Society of Odisha has been formed under Chairmanship of Chief Secretary for smooth functioning of World Bank aided ICZM
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Land acquisition in progress for DMIC project
Minister of State for Commerce & Industry, EM Sudarsana Natchiappan, informed the Rajya Sabha that the process of land acquisition is in progress for the Delhi Mumbai Industrial Corridor(DMIC) Project. DMIC project consists of various infrastructure projects for development of new industrial cities in the DMI
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MMRDA mulls betterment tax to fund infra projects
In order to raise funds for key transport projects in city, Mumbai Metropolitan Region Development Authority (MMRDA) proposed a new cess, known as betterment tax, to be imposed on citizens residing along or in the vicinity of the upcoming projects. The idea is at the proposal stage and it awaits the approval of the state government. The state urban development department would finalise a blueprint for this
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Rites estimate costs for AP, West Bengal port projects
Rail India Technical and Economic Services (Rites) found that the capital costs involved in setting up Sagar port in West Bengal is estimated at Rs 7,820 crore. It also found that the capital cost for Dugarajapatnam port project in Andhra Pradesh would be Rs 7,988
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Rs 100 bn sea link project finds no taker
Despite the 20 per cent viability gap funding offered by the government, no private player is ready to bid for the 22-km trans-harbour sea link road project connecting New Mumbai to Sewri. This is because infrastructure developers feel that the Rs 10,000-crore project is unviable as it involves high finance costs and lack of liquidity
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Severstal not keen on NMDC’s 3 mn t steel project
CS Verma, Chairman of NMDC informed media persons that the Russian company Severstal did not show much interest on the 3 million-tonne-a-year steel plant project and hence the former may implement it as an NMDC-only project. In 2010, both the firms signed initial agreements for the project and it is not known why Severstal is not interested in the project
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Paradip port to conduct another round of bidding for two projects
Sources from Paradip Port Trust (PPT) informed that
the authority would conduct fresh bidding for the Rs 591.35 crore the iron ore berth project and Rs 387.31 crore multi-purpose berth project. The port authority wants to engage a private player for the construction of a 10-mn tpa deep draft iron ore bert