An impetus to development of satellite cities alongside our major cities will ensure a more distributed development through out the country.
Tag: Update
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11 projects under one roof
Reliance Infrastructure (RInfra) is in the process of consolidating its road projects assets, which involve an investment of Rs 12,000 crores, into a holding company to pave way for a potential IPO or private equity investment in the future.
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12 vital areas for 12th plan
The Planning Commission has identified 12 critical areas around which the 12th Plan (2012-2017) will revolve, with social sector and infrastructure on priorities.
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CIL to rope in private cos to develop gasification project
Coal India has decided to rope in private firms to develop underground coal gasification projects and set up at least one 50:50 joint venture to create marketing infrastructure and sell the gas.
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Annuity-based projects to come under FRBM act
Fiscal responsibility act (FRBM Act) will soon include all infrastructure projects executed through annuity payments by the government to private sector developers to ensure they do not become a big burden in the future.
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Forecast: Credit to continue upward
The Indian banking sector has withstood the global financial turmoil and continued to grow at a healthy pace.
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ONGC to connect Agartala with B'desh port
The Oil and Natural Gas Corporation (ONGC) is building a Rs 25 crore 50 km road from Ashuganj river port in Bangladesh to Agartala and will also develop the port.
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Bhel cuts down on delivery time
Beginning April 2011, BHEL will deliver boilers, two months ahead of the existing schedule and will aim to reduce the schedule by a total of four months for orders to be booked beginning 2012-13.
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HPCL brings Euro IV to Hyd
Visakha refinery of Hindustan Petroleum Corporation (HPCL) will supply Euro-IV-compliant petrol from April 2010.
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Nine way split for L&T
Larsen & Toubro`s Chairman AM Naik has kicked off a restructuring plan that will divide the Rs 3,7000 crore engineering and infrastructure behemoth into nine virtual companies.