The alarming increase in bad loans from infrastructure was partly responsible for restructuring of bank loanks. B Sriram, Managing Director, State Bank of Bikaner & Jaipur, which saw a fall in its profits in the quarter ending December,
Tag: Rajasthan
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MoU signed for mega road project
A Memorandum of Understanding (MoU) has been signed between the Rajasthan state government and the World Bank for road projects that connect 1,056 identified villages with an assistance of Rs 1,200 crore from the World Bank. The state PWD Minister Yunus Khan said notice inviting tenders would be issued soon and work would begin in the next 60 days.
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Jaipur’s roads face lack of green cover
Rajasthan's capital Jaipur has no sufficient green cover. As per the Master Plan 2025, the city should have the mandatory 20 per cent green cover, but it has only 11.3 per cent of its area under green cover. As per Master Plan 25, the entry roads from Delhi, Ajmer, Sikar and Agra supposed to have green corridor of 30 to 45 metre on either side of the approach.
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New MCA will have four changes, including dispute resolution
BK Chaturvedi, Member of the Planning Commission of India, is in the hot seat. It was his draft of the original MCA in roads that made all the difference to PPP in roads. Now it´s time to debug that document, he tells Garima P.
Have investors been withdrawing on account of the existing Model Concession Agreement (MCA) for highways?
Quite a few people have been attacking the MCA saying that provisions need to be changed. Now that the economy is not doing well, it is easy to blame the MCA for
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Cairn India oil output
Cairn India will explore ways to double oil output to 400,000 barrels a day from about 200,000 barrels. In January 2013, the government approved the company´s plan to raise production to a peak rate of 300,000 barrels a day and next month allowed it to explore for
new oil deposits in Rajasthan.
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Kamdhenu Ispat targets Rs 800 cr turnover
Kamdhenu Ispat hopes to clock 46 per cent jump in top-line to Rs 800 crore in 2013-14 on higher sales from steel business. Kamdhenu Ispat is into the manufacturing and marketing of TMT bars and decorative paints.
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Survival of the fittest
A remote town in Rajasthan on the border of Gujarat and close to the international border, Barmer today has emerged as a major source of energy to change the landscape of Rajasthan. Today Barmer is a bustling mining town with large fleets of mining equipment and Volvo tippers.
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Cairn India eyes acquisitions
To strengthen its exploration and production portfolio, Cairn India is exploring opportunities to buy gas and oil blocks. The acquisitions would be funded by the earnings from its Rajasthan assets. By 2015-16, the company plans to spend $3 billion and is hopeful of a production of 225,000 boepd overall by 2013-14.
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WB loan for rural roads
The World Bank has approved a loan of $500 million loan for road projects in the backward areas in India. The World Bank loan will focus on three low-income states - Rajasthan, Bihar and Orissa - and on less developed regions in Karnataka and West Bengal. The National Highways Interconnectivity Improvement Project.
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Tatas wind power projects
Tata Power is setting up 160 MW wind projects throughout the country. Tata Power already has an installed wind energy generation capacity of 398 MW with projects across Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka. From wind projects, the company saw its electricity generation rose 43 per cent to 813 million units in the year ended March 2013 from 569 million units in the previous year.