Some industry observers feel that governmentÂ’s policy affected many steel projects in the country. According to one estimate, at least 35-40 million tonne of capacity has been cancelled or postponed over the past few years, putting a question mark over the steel ministryÂ’s dream of taking the installed capacity to 200 million tonne from 90 million tonne now
Tag: project
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Govt awarded only 1,010 km road project so far
Minister of State for Road Transport and Highways (RTH) Sarvey Sathyanarayana informed Lok Sabha that the government awarded 1,010 km of national highways (NH) so far in 2012-13. This is hardly 11.5 per cent of the target of 8,800 km under National Highways Development Project (NHDP) for this
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JHPL project to be synchronised with gas demand
Ministry of Petroleum & Natural gas or GAIL informed that the completion of Jagdishpur-Haldia Pipeline (JHPL) project would be synchronised with gas demand of the prospective customers and the availability of gas from the east coast. The gas sources considered for JHPL were D-6 gas through Kakinada – Haldia pipeline, ONGC Mahanadi and CBM from Shadol. This information was given by the Minister of State for Chemicals and Fertilisers, Srikant Kumar Jena in a written reply
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HPCL to raise $350 mn via issue of bonds
Hindustan Petroleum Corporation (HPCL) plans to raise around $350 million this year through issue of bonds to overseas investors, reports suggest. While the company is working on raising $400 million in external commercial borrowings (ECB), it plans to raise another $350 million through issue of bonds to overseas investors. HPCL is reportedly securing ratings for the bond issue
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HPCL seeks assured oil supply for proposed refinery
Hindustan Petroleum Corp (HPCL), which proposed to set up a 9 million tonne a year refinery at Barmer in Rajasthan, has asked the oil ministry to give firm allocation of crude oil from Cairn India's oilfields in the state.
The company has reportedly told the oil ministry that
its p
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Idukki airport project gets nod from defence ministry
Union Ministry of Defence has given in principal clearance for the proposed feeder airport in Idukki district. Kerala State Industries Development Corporation (KSIDC) informed this in the document inviting expression of interest for the project. In this manner, ball has been set rolling for the development of a proposed feeder airport in the hilly district in central
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RINL chief informs delay in expansion project
AP Chowdhary, Chairman and Managing Director of the Rashtriya Ispat Nigam (RINL) informed that there was some delay in the execution of the expansion project of the firm from 3 million tonne to 6.3 million tonne. He said this while delivering the key-note address at the inaugural session of the one-day seminar on eme
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MSTC to build steel scrap unit for Rs 120 cr
Media reports suggest that public sector trading firm MSTC plans to set up a automotive and white goods steel scrap shredding unit in Dahej at a cost of Rs 120 crore. The plant, to be located at Dahej, may be operationalised in the first half of 2013-14. For installing the unit, to be built on a 20-acre plot, selection of an EPC contractor would be done through a global tendering
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Govt plans to link Faridabad and Gurgaon with mono rail
Addressing a rally in Faridabad, Haryana Chief Minister Bhupinder Singh Hooda said he plans to set up mono-rail between the city and Gurgaon in order to give a fillip to the development of the area. He said the government would work out the modalities of the project. Meanwhile, he said that under Jawaharlal Nehru National Urban Renewable Mission, developmental work
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Issurers unsure of retail participation in bond issue
Issuers are not sure whether there would be sufficient participation from retail investors for their tax-free infrastructure bond issues in order to meet the regulatory requirement. According to government norms, issuers must raise at least 40 percent of the capital mopped up through public bond issue from retail