Andhra Pradesh CM Unveils INR 3,000 Cr Infrastructure Projects

RINL Seeks Andhra's Intervention for Coal Supply

Rashtriya Ispat Nigam Limited (RINL), the government-owned steelmaker, is facing challenges in securing coal supply for its operations at the Visakhapatnam Steel Plant (VSP). The company has approached the Andhra Pradesh government seeking intervention to ensure a steady supply of coal from Gangavaram Port.

The steel industry heavily relies on coal as a primary raw material for its operations, and any disruption in its supply chain can significantly impact production schedules and profitability. RINL's appeal to the state government underscores the criticality of uninterrupted coal sup..

Andhra Pradesh Boosts Port-Led Growth

Andhra Pradesh is embarking on a significant investment drive to foster port-led growth and enhance its maritime infrastructure. With a focus on leveraging its coastal advantage, the state aims to capitalise on the potential of its ports to drive economic development and facilitate trade.

Under the ambitious initiative, several key projects are underway to modernise and expand port facilities across Andhra Pradesh. These initiatives include the development of new ports, enhancement of existing port infrastructure, and implementation of state-of-the-art technology to optimise port operat..

Andhra Pradesh Boosts Port-Led Growth

Andhra Pradesh is embarking on a significant investment drive to foster port-led growth and enhance its maritime infrastructure. With a focus on leveraging its coastal advantage, the state aims to capitalise on the potential of its ports to drive economic development and facilitate trade.

Under the ambitious initiative, several key projects are underway to modernise and expand port facilities across Andhra Pradesh. These initiatives include the development of new ports, enhancement of existing port infrastructure, and implementation of state-of-the-art technology to optimise port operat..

NCLAT Halts ATS Projects' Insolvency

The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.

The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..

IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer

IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.

The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..