Vedanta plans Rs.50k-cr for mining sector

According to the Vedanta Resources Chairman Anil Agarwal, his company has decided to invest a staggering sum worth Rs.50,000 crore in multiple projects in infra and mining sectors. It may be recalled that Vedanta is a major player in India's Zinc Industry, primary Aluminium market, and refined copper with market shares of 72%, 40%, and 35% respectively. He further said that this decade will belong to India and it is the best time to invest as the kind of image India has all over the world, the retrospective tax is one small thing which has to be sorted out. Highlighting some of the reform measures taken by the government, Agarwal said bankruptcy law and Goods and Services Tax (GST) will help improve the business environment and attract global investors.

: Published: 05 September 2017

EXCON 2019 Plenary Session: Stresses on technology as a key growth driver for sustainable infra development

The plenary session of CII EXCON 2019 recently held at Nellore in Andhra Pradesh, laid emphasis on technology as a key growth driver for sustainable infrastructure development. The ambitious target set by the Government of India towards Read More ...

TN kick-start ₹112-cr road-over-bridge project

The Tamil Nadu CM laid the foundation stone of a road over-bridge at railway level crossing 1 connecting Kolathur with Villivakkam. The ₹112.62 crore road over-bridge was originally proposed in 2003. It is being built by the Southern Railway Read More ...

CMDA launches ₹393-cr transport terminal

The Chennai Metropolitan Development Authority (CMDA) has started work on the construction of a new bus terminus at Kilambakkam on an area of 44.74 acres and entailing an investment of ₹393.73 crore. However, urban planners have questioned Read More ...

Odisha gets ₹37,000-cr coal blocks' bonanza

The current round of coal block auctioning for the non-regulated sector has fetched four states about ₹43,000 crore over the life of the mines from the extractable reserves; Odisha got the lion share of about ₹37,000 crore, while Vedanta turned Read More ...

Realtors rally around big builders to start stalled projects

In the backdrop of a severe cash crunch, property developers in the Delhi-NCR region are increasingly partnering with big builders from the country's South and West to restart their stalled projects. In the emerging scenario, financially strong firms Read More ...

China charts out ₹7,000-cr plan for Indian auto sector

Irrespective of the fact that the Indian auto market is going through one of its worst slowdowns, China’s largest SUV maker, Great Wall Motors, has registered an Indian subsidiary and is planning to invest about ₹7,000 crore in the country Read More ...

Govt approves ₹28,000-cr Ken-Betwa river link project

The ₹28,000 crore Ken-Betwa river project has been cleared by the government. The project involves construction of a 77-metre high and 2.031-metre long composite dam across the Ken river near village Daudhan in Chhatarpur Read More ...

ERB clears ₹22,242-cr sub-urban rail network in Bengaluru

The much delayed suburban railway service for Bengaluru has finally been cleared by the Extended Railway Board (ERB) of the Indian Railways. The project will be submitted to the cabinet committee for final clearances Read More ...

NRCD gives nod to ₹2,434-cr river project in Maharashtra

The National River Conservation Directorate (NRCD) has approved the ₹2,434 crore project of Nag River Pollution Abatement Project the cost of which escalated 65% from Rs1,476.96 crore, largely due to delay Read More ...

Nagpur metro gets ₹573-cr four-level flyover

Nagpur is set to have India's first four-level transit intersection on a stretch of Nagpur Metro as the proposal to build a flyover between the railway track and the metro has finally been cleared by the NHAI. The Read More ...

Noida launches ₹650-cr, 5.5-km long elevated corridor

The Noida authority has started construction work on the 5.5 km-long six-lane elevated corridor over Shahdara drain where the road starts from Chilla regulator area in Mayur Vihar on Delhi side and ends near Mahamaya Read More ...

Dilip Buildcon bags ₹570-cr Rajkot airport contract

EPC firm Dilip Buildcon has been selected by the Airports Authority of India for construction of a greenfield airport at Hirasar on the outskirts of Rajkot in Gujarat. The ₹570 crore project will be completed in 30 months Read More ...

BL Kashyap & Sons kick-start ₹332-cr rail project

BL Kashyap & Sons has secured a ₹332 crore contract from the National High-Speed Rail Corporation Limited (NHSRCL). The contract involves designing and construction of the Sabarmati Terminal for the Mumbai Read More ...

Centre sanctions ₹12,000-cr infra projects in U'khand

The Centre has sanctioned ₹12,000-cr in Uttarakhand for infras projects in the current fiscal, said, finance secretary of the state, Amit Negi. He added that completion of the projects will place the state amongst Read More ...

BMC speeds up ₹4,700-cr east-west corridor

Brihanumbai Municipal Corporation has fast tracked the ₹4,700 crore, 12.2km long east-west connector, an ambitious project of the civic body aimed at easing traffic congestion. However, the cost to Read More ...

NHAI seeks ₹25,000-cr more funds for road building

The NHAI has sought ₹25,000 crore more from the Centre for the next financial year (2020-21). The road building agency has the approval to raise ₹75,000 crore in borrowings during the current year, while the Read More ...