Charting The Growth Path
8/9/2012 9:00 PM Thursday
Steeling For A New Fiscal
The first meeting of the CII National Steel Committee in this financial year witnessed wide participation from all the Indian steel majors, industrial members, policy makers and other stakeholders. At the meeting were D.R.S. Chaudhary, Secretary, Ministry of Steel and C.S. Verma, SAIL Chairman and Chairman of CII’s National Committee on Steel were present at the meet which discussed concerns and issues facing the industry.
C.S. Verma, SAIL Chairman and Chairman of CII’s National Committee on Steel
Clearing The FSA Path
Coal India (CIL) will modify the fuel supply agreements (FSAs) before signing them with power companies to incorporate the changes that have been proposed by its board, thereby breaking the deadlock over the issue of minimum assured supply of fuel to them. At the company’s board meeting, the state-owned CIL said it will sign the FSAs with the power companies for shipping to them a minimum of 80 per cent coal out of the total contracted quantum.
Breaking New Ground
The Madhya Pradesh government has decided to allot over 282 hectares of land to the country's largest power producer, NTPC, for setting up two thermal power projects in the state. The projects, which would come up in Chhatarpur and Narsinghpur districts, would have a total capacity of 6600 MW. According to the official release, the land would be provided at a rate of Rs 5 lakh per acre or as per the guidelines on market rate and industrial lease rent for the year 2012-13, whichever is higher. NTPC has already signed a preliminary pact with the state government and MP Tradeco to set up the 3960 MW Barethi project.
Power Grid Corporation Of India
Power Grid Corporation of India (PGCIL) has approved the investment for expansion and replacement of the existing SCADA/EMS system at SLDCs of the Northern Region (NR ULDC Phase-ll) at an estimated cost of Rs 70.90 crore, with a commissioning schedule of 27 months from the date of investment approval. Coming up next is the installation of reactors in the Western region at an estimated cost of Rs 83.17 crore, with a commissioning schedule of 24 months from the date of investment approval.
Chugging Into Profits
Konkan Railway has received the turnaround trophy from the Board for Reconstruction of Public Sector Enterprises for having posted profits for three years in a row. Konkan Railway emerged as a profit-making organisation for the first time 2009-10. Its 760-kilometre line connects Maharashtra, Goa, Karnataka and Kerala, a region of criss-crossing rivers, plunging valleys and mountains.
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