In a communication to banks, the the Reserve Bank of India (RBI) asked lenders to take steps to mitigate loans given for infrastructure projects under the public-private partnership (PPP) model. The RBI asked banks make provisions such as pre-determined increase in user charges for infrastructure projects in order to ensure sufficient risk mitigation. There has t
Tag: project
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SEIL hopes to borrow funds for pellet plant project soon
B Satish Kumar, Managing Director of Steel Exchange India (Seil) expressed hope that the firm may achieve financial closure for its proposed Rs 300-crore pellet plant by three-four months. He said the company is awaiting environment clearance for the proposed 600,000 tonne capacity unit which would come up at its existing steel plant and would help it cut production cost
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Ministry takes steps for growth of steel sector
Union Minister of Steel Beni Prasad Verma informed Parliament that his ministry routinely consults the steel industry to be apprised of the constraints to growth and recommends necessary corrective measures as and when necessary, to other concerned ministries. He said the government has taken the following steps to support the competitive production and capacity growth of the steel
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Govt may complete work on Permude cavern by year end
Government has completed 95 per cent work on the Permude underground rock caverns for crude oil with a storage capacity of 2.5 million metric tonne of crude oil, media reports indicate. The project was originally slated for completion in September last year, but it is expected to be completed by the end of 2013. From May, government would begin work on laying a 12-km pipeline from Thokur to Perm
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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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Work on Gopalpur Port progresses according to schedule
Sources from Gopalpur Ports (GPL) informed that the improvement and construction work of the port was progressing as per the schedule. The breakwater to the south of the port had to be of 2,170 meter long. Its 1,700 meter was complete. The work of intermediate breakwater has been
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Ennore Port, JNPT raise funds via bonds
Ennore Port and Jawaharlal Nehru Port Trust (JNPT) are in the processing of raising funds through issue of tax-free bonds. While Ennore Port is raising Rs 1,000-crore through the bond, JNPT would raise Rs 2,000 crore. Ennore Port offers two categories of bonds: 10 year bonds bearing annual rate of interest of 7.01 per cent and 15 years offering 7.17
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Work on eastern freight corridor project begins
Tata Projects started work construction work on the 337 km Bhaupur-Khurja stretch in UP, which forms part of the Rs 5,500 crore eastern dedicated rail freight corridor (EDRFC) project. The infrastructure arm of Tata Group expects to complete it by 2016 for trial runs. The commissioning would take place by
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Tata Steel’s 6 mn tpa project may be operationally beneficial
According to analysts, the proposed 6 mn tpa (million tonnes per annum) steel plant by Tata Steel in Odisha would be operationally beneficial for the company. This is because the proposed plant would have captive iron ore reserves, efficient logistical infrastructure reducing costs and technologically efficient plan
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RIL eyes $4 billion Iraq oilfield project
India's ` (RIL) is in race along with French energy giant Total, Russia's Lukoil, CNPC of China, American's Brown Energy for a $4 billion project in Iraq. RIL is one of the seven companies shortlisted by Iraq for developing its al-Nassiriya oilfield and construction and operation of a 300,000 barrel per day refine