Top Equipment News
Asia overtakes Europe and North America in the earthmoving equipment market
According to a new report from Timetric, the Asia-Pacific region overtakes Europe and North America when it comes to heavy construction machinery and earthmoving equipment.
FIMI wants govt to withdraw export duty on bauxite
Reports indicate that the Federation of Indian Mineral Industries (FIMI) requested the central government to withdraw export duty of 10 percent levied on export of low grade bauxite. The industry body argues that the proposed levy may force mine closures in states like Gujarat and Maharashtra and affect the direct and indirect employment opportunities for
JSPL picks up 31.49% stake in Gujarat NRE Coking Coal
Naveen Jindal-led Jindal Steel and Power (JSPL) bought only 31.49 per cent stake in Gujarat NRE Coke's Australian subsidiary at the end of its open offer. JSPL earlier aimed to acquire a majority stake in Gujarat NRE Coking Coal, the Australian subsidiary of Kolkata-based Gujarat NRE Coke, through outright purchase of shares
CCL despatched 10.3% higher coal in 2012-13
According to a company statement, Central Coalfields (CCL) dispatched 10.3 per cent or 4.959 million tonne (mn t) more coal in 2012-13 at 53 mn t compared to last year. The company dispatched 48.041 mn t coal in 2011-12. In the beginning of financial year 2012-13, the coal stoc
Experts want govt to allow pvt participation in coal sector
In order to increase coal production in the country, experts suggest government to end the monopoly of Coal India (CIL) and its subsidiaries in the sector. They suggest the government to amend laws to allow more private participation in the space. They want the government to allow foreign and local mining comp
MP minister urges centre to set up regulator
Aggrieved by the insufficient supply of coal to power plants in the state, Madhya Pradesh Energy Minister Rajendra Shukla urged the central government to set up a national coal regulatory authority. According to the minister, the policies of the Coal India (CIL) were monopolistic to the extent that it even not bothered to convene a single meeting of the coal linkage committee in the past three
CoalMin disapproves dual pricing for coal
The proposal of the Planning Commission to introduce dual pricing for coal was opposed by the union coal ministry, which argues that it is not a feasible plan. Under dual pricing, coal would be sold at different prices in different markets. Union coal ministry expressed its disapproval for the proposal at a meeting under the Chairmanship of Planning Commission Deputy Chair
CIL falls short of output, offtake targets in FY13
According to an official statement, the public sector miner Coal India (CIL) reported offtake or supply of 465.2 million tonne (mn t) coal in 2012-13, falling short of its target of 470 mn t. The company also missed its production target of 464.1 mn t for the year by 11.9 mn
Goa?Kundapur h'way to be upgraded at Rs 2,600 cr
By spending Rs 2,600 crore the Kundapur-Goa National Highway is going to be upgraded into four-lane road. The National Highways Authority of India (NHAI) and IRB Infrasgtructure Developers have signed an agreement to convert the NH 17 from the present two-lane to four-lane highway. IRB has sought a grant of Rs 536.22 crore from NHAI to execute the project.
HC lifts stay on Sector 56 road project in Gurgaon
The Haryana Urban Development Authority (HUDA) has now started working on a road project near a prominent private school in Sector 56. HUDA has started the work of calculating budget for the road that goes along the private school.