During the first seven months of FY2017, cargo throughput at major ports has registered a 4.6 per cent growth over the corresponding period of the previous year. The growth was supported by a doubling of iron ore cargo volumes (21 MT against 10 MT) as well as growth in POL (9 per cent) and other cargo categories (8 per cent).
Along the India-China border, the Union government is to construct 27 strategic border roads. Approving the road works the government has estimated cost for the same at Rs 1,937 crore. This was stated by Minister of State for Home Mullapally Ramachandran in Lok Sabha February 26.
India's real estate players are hoping that the Union Finance Minister's budget provisions, to be announced on February 28, will bring down the costs of finance for the construction sector, which they insist will play a major role in offering lower rates for their product.
In Chennai, another road that provides connectivity to places in north Chennai is expected to be ready by February end. The 17.4 km-long Minjur-Kattur-Thirupalaivanam Road that is being strengthened and widened at a cost of Rs 36.64 crore, will help residents of villages including Neidavoyal, Thiruvallavoyal and Thathamanji.
JSW Severfield Structures is a Joint Venture company between JSW Building Systems Ltd - a wholly owned subsidiary of JSW Steel Ltd of India and Severfield - Rowen Plc of the UK to jointly create a new structural steelwork business.
Donaldson India Filter Systems, a 100-per-cent, wholly-owned subsidiary of Donaldson Company Inc, USA, manufactures and markets Donaldson products including Donaldson gas turbine air-filtration systems, engine filters, and dust collection systems in India. The company recently expanded its facility at Manesar, almost tripling it in size besides including an in-house engine product design facility.