Indian Railways freight revenue up by 6.84pct in 5 months

It is reported that Indian Railways have generated INR 22970.37 crore of revenue earnings from commodity wise freight traffic during April to August 2009 as compared to INR 21499.21 crore during the corresponding period last year, registering an increase of 6.84%.

As per report Railways

Indian Railways freight revenue up by 6.84pct in 5 months

Kuwait inks 2,000MW power plant pact with GE and Hyundai Heavy

GE Energy announced that the Kuwait Ministry of Electricity and Water has signed a turnkey contract with GE and Hyundai Heavy Industries Hyundai Heavy totaling USD 2.65 billion for a new, 2,000 MW power plant in Sabiya.

The government of Kuwait owned plant will add much needed power to the

Kuwait inks 2,000MW power plant pact with GE and Hyundai Heavy

Government moves to SC on ship owners service tax matter

The union government has moved the Supreme Court challenging the Bombay High Court order restraining it from levying service tax on Indian National Shipowners Association for services received abroad between March 2002 and April 2006.

The High Court had held that services received by ships

http://www.steelguru.com/news/index/2009/09/07/MTEwNTMw/Government_moves_to_SC_on_ship_owners_service_tax_matter.html

NTPC updates on allocation of KG D-6 Gas

National Thermal Power Corporation Ltd has announced with respect to allocation of KG D-6 Gas by Empowered Group of Ministers for NTPC's existing gas based power stations, various issues for signing of Gas Supply & Purchase Agreement with Reliance Industries Ltd have been resolved, except one

http://www.steelguru.com/news/index/2009/09/07/MTEwNTI1/NTPC_updates_on_allocation_of_KG_D-6_Gas.html

Stone laying for NTPC BHEL project put off to September 17

BL reported that the proposed visit of Dr Manmohan Singh prime minister of India to lay the foundation stone for the NTPC BHEL joint venture power project at Mannavaram in Chittoor district of Andhra Pradesh has been put off to September 17.

Initially, the Prime Minister was slated to lay

http://www.steelguru.com/news/index/2009/09/07/MTEwNTIy/Stone_laying_for_NTPC_BHEL_project_put_off_to_September_17.html

Iran and India gas pipeline put on the back burner

Emirates Business cited Mr Mani Shankar Aiyar former Indian minister of petroleum and natural gas as saying that India is focused on exploiting its own reserves and has placed the Iran and India gas pipeline project on the back burner.

Mr Aiyar headed the Indian oil and gas ministry for 2

http://www.steelguru.com/news/index/2009/09/03/MTA5OTcw/Iran_and_India_gas_pipeline_put_on_the_back_burner.html

Multi billion dollar industrial and infrastructure schemes are under way in Tripoli

MEED reported that a series of multi billion dollar infrastructure schemes are under way after years of underinvestment offering a host of opportunities for international firms that are prepared to put up with the red tape.

The manager of one Tripoli construction project said that we have

http://www.steelguru.com/news/index/2009/09/03/MTA5OTY5/Multi_billion_dollar_industrial_and_infrastructure_schemes_are_under_way_in_Tripoli.html

Iraq struggles to expand exports beyond oil

Reuters reported that efforts to transform Iraq into a diversified free market model for the Middle East are bogged down and the country still depends on a struggling oil industry 6 years after Mr Saddam Hussein’s overthrow.

As it clutches at stability, Iraq needs to broaden economic

http://www.steelguru.com/news/index/2009/09/03/MTA5OTY4/Iraq_struggles_to_expand_exports_beyond_oil.html