Coal India Pledges Rs 10 Bn to Talcher Fertilisers JV
Coal India Ltd (CIL) will invest Rs 1,067 crore in Talcher Fertilizers Ltd by subscribing to shares via a rights issue. Talcher Fertilizers, a joint venture with GAIL (India), RCF, and FCIL, is reviving an old FCIL facility with a coal gasification-based urea plant in Odisha.CIL will acquire over 106 crore equity shares as part of the transaction expected to conclude by July 9. The Talcher project, India’s first of its kind, aims to produce 12.7 lakh tonnes of urea annually.Despite delays from the COVID-19 pandemic affecting contractor Wuhuan Engineering, the project has reached 65.66% compl..
TN Offers Up to Rs 2.57 Cr/Acre for Parandur Airport Land
To accelerate land acquisition for the Rs 20,000 crore Parandur greenfield airport near Chennai, the Tamil Nadu government has fixed land compensation rates ranging from Rs 35 lakh to Rs 2.57 crore per acre. These rates significantly exceed the guideline values in Kancheepuram and Sriperumbudur taluks, with a flat rate offered for 1,960.63 acres.The move, sanctioned by a Government Order from Secretary V Arun Roy, includes 275% of the negotiable guideline value and a 25% incentive. It aims to fast-track acquisition and reduce resistance from landowners protesting the project.For lands with hig..
India’s Maha Kumbh of Road Construction
The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..
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