Highway construction on record breaking spree! Work reaches scorching pace
Adjusting for the first 20 days of April 2020 wherein no construction activity was allowed, the execution per day saw a growth of 21% to 30.5 km/day in the first nine months of the current fiscal from 25.2 km/day in the same
French firm Egis plans €75-m investment in India in five years
Egis is 75% owned by Caisse des Depots, a French public financial institution, while the remaining 25% stake is held by partner executives and employees.
National Highway construction process on fast track: Adani, DP Jain & Co. win TOT bids
Exercising flexibility bestowed upon it by the government, NHAI set the lease period to 20 years for the two bundles on offer under fifth round of TOT. Both the bundles are part of NH-27 in Gujarat.
Surveys to capture the big picture of employment: DPS Negi, director general, Labour Bureau
Conducting five surveys at one go is itself a huge challenge. Normally, such a large-scale survey takes 1.5-2 years to complete the whole process.
Non-coal mining leases: Pace of auction slows in 2020-21
Of the total 103 leases allocated, 37 are iron ore, 30 limestone, six iron ore & manganese, seven bauxite, five leases each for graphite and manganese, six gold, three chromite, two leases each for copper and diamond.
Kamdhenu looking to divest 20% stake in paint business
Kamdhenu will initiate talks with the private equity players soon after getting various statutory approvals, including the one from the National Company Law Tribunal (NCLT), for the paints business demerger plan.
Don’t privatise Rashtriya Ispat Nigam: Andhra CM Jagan Mohan Reddy to PM Modi
Andhra CM says steps like conversion of debt into equity, allocation of captive iron ore mine will enable the loss-making CPSE to turn around
SAIL raises capex target for FY22 to Rs 8,000 crore
SAIL had a capex of Rs 970 crore in the third quarter of 2020-21, and in the first nine months of the current fiscal its capex spent was Rs 2,445 crore.
Formal sector jobs: Outlay for incentive scheme slashed
While approving the scheme, the Cabinet had, on December 9, scaled down the estimated outlay for ABRY to Rs 1,584 crore for 2020-21. The scheme's outlay for 2021-22 is Rs 3,130 crore, as per the Budget presented on Monday.
Union Budget 2021: Reduced MG-NREGS outlay for FY22 may not suffice to meet demand
Union Budget 2021 India: A total of 322.11 crore person days of work have been created under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MG-NREGS) so far in the current fiscal with a total expenditure of Rs
Steel makers may not cut prices anytime soon despite easier imports
“This is because, by doing away with the ADD and CVD with effect from February 2, the government has clearly sent out a message to the steel industry that they can not raise prices at their free will, inflating the cost of
Budget 2021: In a big boost, road transport and highways ministry receives its highest allocation ever in Union Budget
Union Budget 2021: The FY22 capital allocation for MoRTH at `1,08,230 crore is the highest-ever for the ministry — in FY21, this stood at `81,975 crore, and in FY20, at `68,373 crore (actual).
JSL to finalise plan to nearly double capacity at Jajpur plant
“Currently, the Jajpur plant has 1.1 mtpa capacity. We will start working on the expansion sometime this year to increase the capacity to two mtpa in three years,” JSL’s managing director Abhyuday Jindal said.
Mines ministry proposes policy changes to spur iron ore production
In case, the lessee fails to maintain the minimum dispatch criteria for three consecutive quarters, “the state government may terminate such lease after giving a reasonable opportunity of being heard.”
NHAI’s fifth TOT bundle: At least six firms submit bids
Under the fifth round of TOT, NHAI is offering a 20-year lease period for two bundles with a total length of 159.5 km. The last date for submission of the bids for both the bundles was January 18.
NHAI sets ambitious project awards target for Q4
A senior NHAI official said total highway project awards in the current fiscal could be in the range of 4,800-5,200 km, higher than the 4,500-km orignal target the authority had set for itself for the current fiscal.
WFH norms may apply to manufacturing sector too
“Let the comments come,” labour secretary Apurva Chandra said when asked whether the government will pay heed to suggestions that some activity under the manufacturing sector should also be given flexibility to work from
Centre wants states to review labour laws for harmony with new central codes
Sources said the union labour ministry has decided to appoint legal advisors soon, mandating them to examine whether the state laws are in sync with the central codes. If the harmony is found to be lacking, then states will b
Deep mining: Over 500 non-coal mineral blocks up for grabs
Sources said the Cabinet also gave the go-ahead for reallocation of several non-producing blocks of the state-run companies, a move that could also enthuse the private players as many of these blocks have abundant proven reso
NHAI to set up performance threshold for highway bidders
Anything less than the cut-off mark, which is yet to be decided, on these parameters will mean the bidding process to be out of bounds for the aspiring investor.
‘India’s structural steel consumption poised for big growth’
With 10 plants producing around 2.5 million tonnes per annum, APL Apollo Tube is the largest producer of structural steel tubes in the country.
New work from home rules in 2021? Govt readies proposal to formalise WFH facility for services sector
For the manufacturing sector, the standing order governing work conditions was applicable in organisations having 100 or more workers until last year.
Soma Mondal to take over the reins of SAIL as its first woman chairperson
The saving grace for the new chairperson, currently the company’s director-commercial, however, is the sharp rise in steel prices and its possibility of holding at the elevated level on the back of higher demand and iron or
Facing flak from different quarters, steel manufacturers defend price hikes in letter to PMO
Gadkari has been vocal against the steel firms for raising prices by 55% in the last six months. The minister had also written to the Prime Minister Narendra Modi seeking his intervention to arrest the trend.
NHAI’s debt to cross Rs 3 lakh crore by March, touch Rs 3.7 lakh crore by FY22-end
On the construction front, the authority’s target for the current fiscal is 4,500 km compared with a record of 3,979 km construction in the last fiscal.
Delhi-Mumbai expressway: NHAI arm to raise Rs 46,000-crore debt in 2-3 years
This fiscal, we (the SPV) need to borrow a little less than Rs 10,000 crore, but we already have got offers for Rs 29,000 crore from banks and financial institutions. It shows the success of the SPV model. We will see who off
Steel prices hiked for the second time in a week
A second hike during the month, on the back of buoyant domestic demand, was largely anticipated since the domestic HRC prices, even after the first hike in December, were at a 6% discount to import parity prices from China. A
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