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Ports with land banks should develop FTZs

Ports with land banks should develop FTZs

India needs to learn lessons from the UAE and develop adequate high quality back up facilities for storage and warehousing to enable the global players do international trade through our ports, Pankaj Modi, Chief Operating Officer, Adani Ports and SEZ, tells Sumantra Das.

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Centre clears Rs 1.1 lakh cr big ticket infra projects

Centre clears Rs 1.1 lakh cr big ticket infra projects

In a big relief to investors, the Union government has cleared big-ticket investment projects worth Rs 1.1 lakh crore. The projects were held up for years for want of several government clearances. The clearances relate to 18 power projects with a generation capacity of 15,500 mw, four highway projects worth Rs 4,400 crore, and a Rs 1,200-crore steel plant in Odisha.

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Govt land for steel project

Govt land for steel project

For implementing its proposed 6-million tonne-per-annum (mtpa) steel plant, the Karnataka government granted over 2,000 acre land to ArcelorMittal at Kuditini, Bellary district.

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Banks offer Rs 228 bn funding commitment to steel project

Banks offer Rs 228 bn funding commitment to steel project

A consortium of 21 banks has offered funding commitment of Rs 22,800 crore for Tata Steel Odisha's proposed greenfield 6 million tonne steel plant in Kalinganagar. According to Dealogic, global deal tracking firm, this is the largest project financing loan on record. The company plans to implement the project in two phases of 3 million tonne each. So far in 2013, the India project financing loan volume stood at $14.7 billion, 13 per cent higher than $12.

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RINL to set up Rs 25 bn worth steel plant in Rajasthan

RINL to set up Rs 25 bn worth steel plant in Rajasthan

Rastriya Ispat Nigam (RINL) plans to set up a 2 million tonne (mn t) steel plant in Banera, Rajasthan with an investment of Rs 2,500 crore. Recently, the state government gave approval for the project and it would issue a Letter of Intent (LoI) soon. In February 2012, the state government is learnt to have sent a letter to the centre for setting up of the plant

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