By the end of 2013, Kerala government would finish tender work for the proposed Kozhikode Monorail project and it would begin construction work from January 2014. The state Public Works Minister VK EbrahimKunju informed this to media persons. He also informed that the first phase of the project would not affect traders in the area. He said this referring to the protest from the Kerala Vyapari Vyavasayi Ekopana Samithi (KVVES) who took out
Tag: project
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CCI clears projects worth over $27 bn since January
According to government data, the Cabinet Committee on Investments (CCI), which is headed by Prime Minister Manmohan Singh, helped clear projects worth investments of over $27 billion since it was set up in January. Some observers want the CCI to focus on all the projects instead of focusing on only selected projects. In an interview to a leading media, Naina Lal Kidwai, President of FICCI said the committee must shed its curre
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Govt to raise steel capacity 3 fold by 2025
In the next eight weeks, union steel ministry would prepare a road map with time lines for attaining the government's target of trebling steel production capacity to 300 million tonne by 2025. Government aims to raise the production capacity of steel by three-fold in order to support manufacturing sector in the country
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Govt considering ore license for $12 bn steel project
Unconfirmed reports indicate that the union government is considering to provide an iron ore exploration licence to South Korean firm POSCO for its planned $12 billion steel plant in Jagatsinghpur, Odisha. Granting of this license may expedite the long-delayed steel project, which is said to be the largest forei
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India to cooperate with Iraq on various sectors
At a bilateral meeting with the leaders of Iraqi government, Union oil Minister M Veerappa Moily offered the participation of Indian companies with expertise in areas such as refineries, petrochemicals and fertilisers in various projects in the gulf nation. He recently visited Iraq to attend the 17th meeting of the India-Iraq Joint
Commission. Moily stressed on the need to strengthen the relationship between the two countries given that Iraq is the s
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EPL allots land for terminal project
Ennore Port (EPL) allotted 13.5 hectare land for setting up a 2 million tonne per annum multi-purpose cargo terminal. The length of the new cargo berth will be 270 metre with 15 metre draught. The port plans to set up this terminal through public private partnership (PPP) model and the terminal will have two mobile cranes and a six-fork lift truck to handle clean cargo such as timber, granite, machinery, project cargo, steel, cement
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PM clears Rs 450 bn plan of steel ministry
At a recent meeting of the high-level committee on manufacturing, Prime Minister Manmohan Singh cleared
a Rs 45,000 crore investment plan of the steel ministry. Singh approved the investment proposal for ultra mega steel plants (UMSP) considering that the expanding infrastructure sector would raise demand for steel in the country. However, Planning Commission and the ministries of coal and mines objected to the approval given by the Prim
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SAIL to take a hit from rupee depreciation
Agency reports indicate that Steel Authority of India (SAIL) would take a hit of roughly around Rs 125-130 crore on an annual basis for every one rupee depreciation. But the falling price of the coking coal, a key input in steel-making, may reduce the impact of rupee depreciation on the finances of the company. SAIL requires to import around 10 million tonne of coking coal
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IOC ropes in Essar Projects for safety improvement project
Indian Oil Corporation (IOC) roped in Dubai-based engineering firm Essar Projects to implement process safety related improvements at its terminals and depots across the country. According to the contract, Essar Projects is responsible for basic and detailed design and project management relating to implementation of various HSE requirements in 109 POL terminals or depots of IOC acro
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Panel studies proposals for deep-sea port project
A high-powered committee of the Bangladesh government is studying the proposals received from various foreign governments and overseas private sector companies for funding and constructing the proposed deep-sea port at Sonadia in Cox's Bazar. The committee will examine the strengths and expertise of the companies and governments who submitted proposal for assisting the