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Monthly Archives: December 2017

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SAIL-Arcelor Mittal JV approved

JV to build automotive steel plant   The Board of Directors of SAIL has approved the group’s joint venture for cold rolling mill with Arcelor Mittal, said the Minister of State for Steel Vishnu Deo Sai has told Rajya Sabha 27 Dec 2017.

World Bank building

World Bank signs US$318M loan for Tamil Nadu farmers

Loan to modernize tank irrigation system The World Bank has signed a US$318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.

Gayatri JV gets Jammu road LOA

36 months deadline for EPC project A Joint Venture of Gayatri Projects Ltd–Public Joint Stock Company “Kyivmetrobud” has received a Letter of Award (LOA) for construction of 58.255 km long stand – alone Ring Road/Bypass around Jammu city in the state of Jammu & Kashmir.

Indian Railways

BHEL wins Rs.672 crore train contract

Kapurthala Rail Coach Factory wins order Against international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has secured a landmark contract for 146 sets of IGBT-based 3 phase electrics for 25 KV AC Mainline EMU (MEMU) trains.

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MMRDA plans out metros for Mumbai

40 lakhs commuters expected ply on the trains A Rs.62,943 crore infrastructure upgrade is underway by the Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai and its suburbs including the 157-km metro network.