Projects

Cochin's dock approved The Cabinet Committee on Economic Affairs has approved the for construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL) at an estimated cost of Rs.1799 crore. It would be used to...

Krishna project Part of Krishna and Heritage circuit. Ministry of Tourism has approved Rs. 275 Crore for development of Krishna and Heritage circuit of State of Haryana, Rajasthan and Gujarat under the Swadesh Darshan Scheme. Approximately Rs. 98 crore will...

The return of public banks Vinod Rai - public banks to commence lending to infra projects. An accelerated process of resolving stressed assets of India’s public sector banks has commenced, preparing them to bounce back into the infrastructure financing in...

Thermal project approved The government has approved Neyveli Lignite Corporation’s proposal for installation of 1,980 MW coal based thermal power project at Ghatampur in Uttar Pradesh The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi,...

Finnish innovation in India Source: Tekes. Finnish funding innovation in India. Finnish innovation funding agency, Tekes, will support compatriot companies’ participation in the Indian market by funding innovative initiatives, its director Kari Hiltunen has said. The 35-year old agency is...

JV offers for electric car Gadkari testing Tesla electric car in San Francisco on July 15, 2016. Minister of Road Transport, Highways & Shipping Nitin Gadkari has offered to promote joint ventures between the global electric car manufacturers and the...

ADB's US$100m for Vennar-Cauvery ADB's US$100 million signed for Vennar-Cauvery project The Indian government and the Asian Development Bank (ADB) has signed a US$100 million loan agreement to strengthen key irrigation and drainage system and improve water management in the...

Rail station redevelopment starts Source: Indian Railways. Habib Ganj first for redevelopment. The Indian Railway Stations Development Corporation Limited (IRSDC) has signed an agreement on July 14, 2016, with a consortium led by Bansal Group for the redevelopment and modernization...

HEP cost increases Design of HEP II The government has approved the Revised Cost Estimate of Punatsangchhu-II Hydroelectric Project (HEP) in Bhutan, adding increase in inflation and changes in project design. It has put the new cost at Rs. 7290.62 crore for...

Kudankulam nuclear unit goes critical Second Nuclear power reactor Unit of 1000 MWe capacity at Kudankulam in Tamil Nadu achieved criticality on July 10, 2016. This is the second 1,000 MW pressurised water reactor to go critical in the country....