Infrastructure Industry News, India Infrastructure News

NMDC, SAIL signs MoU to develop limestone unit

NMDC and SAIL are joining hands to develop a limestone project in Himachal Pradesh.

Per capita development expenditure lowest in Bihar

Per capita development expenditure of Bihar was the lowest among all states.

ADB to provide up to $700 mn loan for infra projects

Asian Development Bank said it will provide up to USD 700 million (around Rs 3,360 crore) loan to India for accelerating infrastructure projects.

HSL to build large shipyard in AP or Orissa

State-owned, Hindustan Shipyard plans to build a large shipyard to accommodate very large crude carrier ships with an estimated project cost of Rs 3,000-4,000 crore, a top official said.

Govt approves Rs 10k cr highways projects

Govt approved 8 projects, envisaging an expenditure of 10883 crore, in highways sector.

DMRC hikes metro fare

Commuters in Delhi will now have to shell out more for travelling on Metro rail as the DMRC hiked fare by36 pct.

L&T bags MPPGCL order worth Rs 1,635 cr

Larsen & Toubro (L&T) said it has bagged an order worth Rs 1,635 crore from MP.

Maytas Infra bags project worth Rs 790 cr

Maytas Infra said it has bagged an order worth Rs 790 crore from ITNL.

India needs 5 lakh project managers in future: PMI

India needs at least five lakh qualified project managers in future to finish 591 projects being carried out in the country, a research by Project Management Institute (PMI) said.

Posco project may kick start by Jan

Posco's Rs 54,000-crore project in Orissa may get off the ground by January.

JSL reports net profit of Rs 62.75 cr

Stainless steel manufacturer JSL Ltd reported a net profit of Rs 62.75 crore for the second quarter ended Sept 30, 2009.

Centre envisages $80 bn investment on roads

The Centre is envisaging an investment of $80 bn in the construction of roads and highways.

HDIL Q2 Net dips 44 pct to Rs 148.59 cr

HDIL reported a 44 pct decline in net profit at Rs 148.59 crore during the Q2.

Delays hit ArcelorMittal Rs 1 lakh cr project in India

ArcelorMittal said that options are open before it on shifting its Rs 1 lakh-cr steel projects from proposed sites.

Infra growth slips in Sept after good Aug showing

The growth in core infrastructure sector dropped to 4 per cent in September, from the high of 7.1% in August.

GMR Infra Q2 net dips 40%

GMR infrastructure reported a 40 per cent decline in its consolidated net profit.

Draft proposal for EAI in two weeks: Nath

Road Transport Ministry is expediting the setting up of Expressways Authority of India.

Orissa to hold RPDAC meet on POSCO project in Nov

Realising that POSCO project cannot be implemented without support of the affected people, both the Center and Orissa Government today decided to hold the Rehabilitation Periphery Development Advisory meeting to win over the agitating people.

IDFC Q2 net up 25.64 pct to Rs 291.84 cr

IDFC said its net profit rose by 25.64 pct to Rs 291.84 cr for second quarter ended Sept 30.

SAIL pays final dividend of Rs 460 cr to govt

The Steel Authority of India Ltd paid Rs 460.81 crore to the government as final dividend for the last financial year.

Private cos to invest USD 150bn for infra projects: Plan panel

The Government has set a target to spend about USD 518 billion to build highways, roads, ports and sanitation facilities by 2012.

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