According to media reports, HDFC Property Fund may make first closing of its fourth real estate fund in March by raising $200 million from institutional and retail investors. The fourth real estate fund was launched late last year with a target size of $500 million and has promised to d
Tag: project
Post
Post
Sangam invested Rs 5 bn on steel venture
Sangam Group invested Rs 500 crore in Mahalaxmi TMT, its steel venture company. Mahalaxmi TMT commissioned a 240,000 tonne per annum steel plant at Devali, near Wardha in Maharashtra. The plan would produce mild steel billets through induction furnace route and it would use the lates
Post
DSP commissions coke oven battery
Recently, Durgapur Steel Plant, which is part of Steel Authority of India (SAIL), commissioned a coke oven battery (No 2) at its unit. The company completed rebuilding of the 4.45-metre tall battery with 78 ovens and advanced pollution control systems after a delay of about two years. This is part of the Rs 3,000-crore modernisation cum expansion plan for DSP. Two other components of the gran
Post
Centre assures Rs 1 bn for CNG project in Kerala
Petroleum Minister M Veerappa Moily assured to invest Rs 100 crore for setting up CNG plants in Kerala. Moily said that this amount would be transferred to Kerala State Road Transport Corporation (KSRTC). The move is a great help and it would save the struggling public transport sector," Kerala Chief Minister Oommen Chandy told reporters after meeting Moily. The stat
Post
Ennore Port expects 14% rise in cargo volume
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
Post
Govt completes only 82 projects under NMDP
Till December 2012, only 82 of the 276 projects for increasing capacity and modernisation at 12 major ports were completed under the National Maritime Development Programme, official data shows. While the government abandoned some projects under the programme, a large number of the total projects have been delayed. Besides, scores of them are still at the planning stage
Post
Experts suggest govt to fast-track port projects
Industry watchers and experts urge government to fast-track implementation of port sector projects. The shipping ministry has not been able to award any large projects last year owing to several reasons. While the projects could improve capacity for the port sector in the country, experts are worried about the pace at which the projects could be implemented. Last year, four separate port projects, estimated to cost
Post
Experts suggest import parity pricing for gas
Experts suggest government to introduce import parity pricing for natural gas as it is a cleaner fuel and leaves a far smaller environmental footprint. Presently, crude oil produced in the country is given import parity price. This is however denied for gas. If the same well produces oil and gas, then the former receives impor
Post
Experts suggest import parity pricing for gas
Experts suggest government to introduce import parity pricing for natural gas as it is a cleaner fuel and leaves a far smaller environmental footprint. Presently, crude oil produced in the country is given import parity price. This is however denied for gas. If the same well produces oil and gas, then the former receives impor
Post
Vizag Agriport awaits award of Rs 217.58 cr project
Vizag Agriport hopes to secure the Rs 217.58 crore fertiliser terminal mechanisation project from the Visakhapatnam Port Trust (VPT) by March. VPT signed a 30-year concession agreement with
Vizag Agriport in May last year for mechanisation of East Quay 7 on design, build, finance, operate and transfer basis. It may be recalled that the Vizag Agriport, a 74:26 joint venture between ABG-LDA Bulk Handling and IL&FS Mari