PSM to import 400,000 tonnes of iron ore from Iran

Posted July 1, 2009 by Mohan Sharma
Categories: Steel Market

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Business Recorder reported that Pakistan Steel Mills will import 400,000 tonnes of iron ore from Iran, to meet its requirements.

As per report “Of the 15 pre qualified ship owners or operators, 12 had collected the documents, whereas only six parties submitted their offers for

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H Beam prices showing mild correction

Posted July 1, 2009 by Mohan Sharma
Categories: Business News

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H Beam prices which had been in oblivion have made a turnaround for good in the last fortnight.

The seeds of this revival were sown in the green haven of China basking in post stimulus euphoria although other regions viz., Europe and Middle East remains largely untouched.

Mills in China

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Rays of recovery – ADB sees USD 1 trillion investments in 5 years

Posted July 1, 2009 by Mohan Sharma
Categories: Business News

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According to an expert at the Asian Development Bank, with more infrastructure projects spanning power, roads, airports and ports expected to get into implementation mode during the 11 Plan, investment banking and transaction advisory services worth about USD 10 billion would be up for

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Savvy Infra to invest INR 400 crore in green buildings

Posted July 1, 2009 by Mohan Sharma
Categories: Industrial News

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Betting big on the profitability of green buildings, promoter of Kensville Golf Club, Savvy Infrastructure Limited is investing around INR 400 crore in developing both commercial and residential projects over the next 2 years.

Mr Sameer Sinha director of Savvy Infra said “As a

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Mr J Crasta elected as a news president of FKCCI

Posted July 1, 2009 by Mohan Sharma
Categories: Top News

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BL reported that the Federation of Karnataka Chambers of Commerce & Industry has elected Mr J Crasta as President of the company for 2009-10.

Mr Crasta is the MD of CM Systems Pvt Limited, manufacturer of environment simulation production for defense and automotive component industry. He

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Chennai water supply and sewage disposal to be upgraded

Posted July 1, 2009 by Mohan Sharma
Categories: Business News

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BL reported that the Chennai Metropolitan Water Supply and Sewerage Board will implement INR 2,032 crore schemes to upgrade water supply and sewage disposal in Chennai and its suburbs.

Moving the demand for grants to the Municipal Administration and Water Supply Department, Mr MK Stalin

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NHAI plans hybrid model for highways

Posted July 1, 2009 by Mohan Sharma
Categories: Business News

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Projects Today reported that the NHAI has proposed a hybrid model containing features of toll and annuity schemes of highways development under PPP in order to avoid BOT annuity model of road construction.

Both BOT (toll) and BOT (annuity) are part of the PPP route. While in BOT (toll), the

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Athwatu power plant inaugurated

Posted July 1, 2009 by Mohan Sharma
Categories: Top News

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Projects Today reported that Mr Omar Abdullah CM of Jammu & Kashmir is expected to inaugurate on June 29th 2009, a 12 MW power project at Athwatu. The project will provide electricity to north Kashmir’s Bandipore town.

Magpie Hydel Construction Operation Industries, the promoter of the

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Slowdown signs – Fuel consumption declined by 1.4pct in May

Posted July 1, 2009 by Mohan Sharma
Categories: Industrial News

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Zee News reported that mirroring slowdown in the economy, India’s fuel consumption declined by 1.4% in May even though crude oil imports soared by nearly 19%.

According to the Petroleum ministry, consumption of oil products like petrol and diesel dipped to 11.47 million tonne in May from

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Oil companies raise ATF prices by 6pct

Posted July 1, 2009 by Mohan Sharma
Categories: Business News

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Zee News reported that state run oil firms on Tuesday hiked jet fuel or ATF price by more than 6% on firming international oil prices.

An IOC official said Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel price by INR 2,306 per kilolitre to INR 38,558 per

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