IDFC Private Equity will invest Rs 150 crore in Jaipur based Staragri Warehousing and Collateral Management.Staragri proposes to utilise the fund to expand its warehousing capacity to 30 lakh tonne in three years from the current 10 lakh tonne.The company will target to set up warehouses at taluk level in Tamil Nadu, Karnataka, Andhra Pradesh, Orissa and Chhattisgarh.
Tag: Tamil Nadu
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Ennore LPG terminal by March
Indian Oil Petronas’ (IPPL) LPG terminal project in Ennore, about 30 km from Chennai, will be completed in all respects by the first week of March and ready, mechanically, to receive the first consignment.Apart from bridging the imbalance in LPG demand-supply in Tamil Nadu.
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All energy, no power
Tamil Nadu’s power woes are multi-faceted.In the latest case, GMR Power, which had gone to court over its Power Purchase Agreement (PPA), has won a Rs 537 crore judgment. GMR had a dispute with the state electricity board with respect to its 15 year PPA ending 2014 on non-payment of dues.
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Open access will put fear in state discoms, which is a good thing
Maharashtra experimented first with the idea of a franchise. But as one of the most industrialised states, will it be equally open to open access? VP Raja, Chairman, Maharashtra Electricity Regulatory Commission (MERC), tells Shashidhar Nanjundaiah why the imperatives are in favour of a successful implementation,
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Karnataka records less utilisation of Nabard funds
Compared to its neighbours, Tamil Nadu and Andhra Pradesh, Karnataka lags behind in both sanctions and disbursal of funds under the Rural Infrastructure Development Fund (RIDF) of the National Bank for Agriculture and Rural Development (Nabard).
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No TAMP extension to non-major ports
The Planning Commission has turned down the Shipping Ministry's proposal to extend the ambit of the Tariff Authority for Major Ports (TAMP) to non-major ports under the proposed Port Regulatory Authority Bill, fearing it will hurt the performance of these ports.
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Rural roads: Country roads, take me home
A new opportunity knocks on the doors of private developers, especially those in the second-tier or contractors aspiring to be developers. Rural roads are all set to offer large opportunities this year as the government steps on the accelerator to see projects through,
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Infrascape 2012 | Power: Revised SBDs can address foreign coal uncertainty
This year the power sector has been much in focus for reaÂlising the high GDP growth foreÂcasts in the country. Compared to previous plans, the 11th Five Year Plan, ending this fiscal, is expected to culminate with one of the better performances.
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TN mulls maritime research facility
Considering the location of VOC Port in the Gulf of Mannar biosphere, a maritime research facility has also been proposed.
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SEZ: The Dealmakers' Dealbreaker
The government's highly motivated optimism on SEZs is not reflected among the practitioners, and it should come as small surprise that after a lengthy wild goose chase by our office, the Commerce Ministry officials kept bouncing us around from bureaucrat to another, confusing matters, and in effect dodging hard questions.