Exim News Service reported that the Tender Evaluation Committee, set up by the Kerala government has rejected the technical bid submitted by Zoom Developers of Mumbai for development of the proposed international container transshipment terminal at Vizhinjam near. The state government had
Archive for the ‘Steel Guru’ category
Zoom fresh bid for Vizhinjam ICTT rejected
June 25, 2009SAIL major supplier of steel for Bandra-Worli Sea Link
June 25, 2009IANS reported that after supplying steel for critical components in India’s first moon mission Chandrayaan and the first railway tracks in Jammu and Kashmir, Steel Authority of India Limited has earned another feather, propping the nation’s first open sea bridge. Senior company official
TATA Power sees increase in revenues from power trading
June 25, 2009BL reported that TATA Power Company sees revenues from its power trading business increasing with more merchant power generating capacity becoming available. In 2008-09, TATA Power Trading Co Limited, a 100% subsidiary, had revenues of INR 2,167 crore and a profit after tax of INR 7 crore.
PFC to raise INR 23 crore through bonds
June 25, 2009PTI reported that Power Finance Corporation will raise INR 23,000 crore by the end of this fiscal through issue of bonds. Mr Satnam Singh CMD of PFC said “We will raise INR 23,000 crore through bonds and plans to disburse the same amount this fiscal.” Besides, it plans to
SCI grappling with an ageing fleet
June 25, 2009ET reported that the global financial slowdown weighed on international trade and it hit the shipping industry hard in the last quarter of fiscal 2009. SCI’s current owned fleet consists of 78 vessels with a total capacity of 5.03 million DWT. Also, it has deployed nearly 70% of its
GERC proposes hike in wind power tariff
June 25, 2009BS reported that the Gujarat Electricity Regulatory Commission has proposed a hike in tariff for wind energy. In a recent draft order, the power regulator has proposed a tariff of INR 3.55 per KWH from the INR 3.37 per KWH fixed 3 years ago. However, this rate will be applicable to only
Petroleum prices should be linked to world prices – Mr Montek
June 25, 2009Zee News cited Mr Montek Singh Ahluwalia deputy chairman of Planning Commission as saying that domestic prices of petrol, diesel and cooking gas should be linked to oil prices in the international market. Mr Ahluwalia said when asked about the global crude prices now surging to about USD 70
Jharkhand traders to be worst hit by Maoist bandh
June 25, 2009TOI reported that the worst impact of the 2 day bandh called by the CPI (Maoist) to protest Op Lalgarh by security forces in West Bengal is likely to be on Jharkhand’s business community. According to rough estimates, the total loss to industries, trade and commerce due to the bandh is
Ess Dee to pump in INR 200 crore into IFL Hoera unit
June 25, 2009ET reported that Ess Dee Aluminium, which recently acquired India Foils, has firmed up plans to pump in nearly INR 200 crore to add fresh capacity at the latter’s Hoera unit. As part of the plan, Ess Dee has decided to add nearly 60,000 tonne of capacity to manufacture aluminium
ASSOCHAM calls for incentives to port projects in India
June 25, 2009According to press release, ASSOCHAM has advocated the need for promotional and financial incentives for port projects with a view to create port facilities and also develop infrastructure like roads and railways in hinterland. Mr Sajjan Jindal president of ASSOCHAM in a communication to
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