The plan by Shri Hari Ferro Alloys Pvt. Ltd to set up a ferroalloy plant at Bhiknoor in Nizamabad district of Andhra Pradesh has been delayed by six months, a company spokesperson told Projectmonitor. "Work on the proposed unit, scheduled to come up in two phases with a total capacity of 33,284 tonnes per annum, was to start late this month. But, due to the economic crisis we plan to commence work by early January 2010," he said. >>

Tuticorin Port Trust, a major port in Tamil Nadu, is gearing up to meet the huge anticipated increase in coal traffic. Coal currently accounts for a quarter of the east coast port's total traffic but this is projected to grow exponentially in the near future, port officials told Projectmonitor.>>

The ministry of power headed by Sushilkumar Shinde is trying to resolve two critical issues—financing of power projects on one hand and funding of private power projects on the other - so as to achieve the capacity addition targets of 78,800 mw in the ongoing 11th Plan and 1,00,000 mw in the 12th Plan. >>

Dolphin Offshore Enterprises India Ltd has received a major order from Instrumentation Ltd for carrying out structural modification work at unmanned platforms in the Mumbai High region of Oil and Natural Gas Corporation Ltd. Valued at Rs 106 crore, the order is scheduled for completion by May 28, 2011, with work expected to start shortly.>>

Mercator Lines Ltd is the second largest private sector shipping company in India in terms of tonnage, which has risen exponentially from 4,000 dwt in 1994 to about 23,03,122 dwt in 2009. The Mumbai-based company has diversified into related areas such as coal mining, offshore rigs and dredging to buck the current downtrend. H.K. Mittal discloses his company plans to Sandeep Menezes.>>

The return of the Congress-led UPA government at the Centre with a firmer mandate and Dr. Manmohan Singh, the world-renowned economist, as Prime Minister have raised expectations from Budget 2009-10, to be presented by Union Finance Minister Pranab Mukherjee on July 6. The wishlist of businessmen and industrialists include the reintroduction of investment allowance; reduction in corporate taxes; removal of dividend distribution tax and fringe benefit levy; hikes in import duties and reductions in export duties; tax reforms including early introduction of uniform GST; simplification and rebates in Cenvat; and fiscal sops for selected sectors that have sunk due to declining exports >>

H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation of fly ash that will enable cement manufacturers source fly ash at reasonable cost and produce more eco-friendly pozzolana cement. >>