LOGISTICS
AIRLINES
Hyderabad to be Air Sahara hub
AIR Sahara has big plans for the South. Beginning early January, the private carrier will make Hyderabad its hub and operate over 120 flights a week. To begin with, it will connect important domestic destinations, a Government official told ...
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Pawan Hans pays Rs 17.5-cr dividend
PAWAN Hans Helicopters Ltd (PHHL) has paid a total dividend of Rs 17.5 crore to the Government and the Oil and Natural Gas Corporation (ONGC) for the financial year 2003-04. The PHHL Chairman, Mr Nagar V. Sridhar, presented a dividend cheque ...
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INFRASTRUCTURE
Bangalore-Mysore corridor project under the scanner
Conceived in 1994-95, the Rs 2,200-crore BMICP co-promoted by the Kalyani group achieved financial closure in March this year and began construction on phase 1 in a course beset with legal and other hurdles.
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Gurgaon to be made `no power cut' zone
THE Haryana Chief Minister, Mr Om Prakash Chautala, today announced that Gurgaon would be made a `no power cut' zone and it would be connected to Delhi with Metro Rail. Reviewing the progress of developmental projects being implemented in ...
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SHIPPING
Minister holds meeting on maritime policy
THE Union Minister of Shipping, Road Transport and Highways, Mr T.R. Baalu, held a meeting with representatives of the shipping industry and port sector in Mumbai on Friday on the National Maritime Policy. Speaking on the occasion, he said ...
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Tata Steel, L&T join hands for Dhamra port project
TATA Steel and Larsen & Toubro (L&T) on Friday announced that they were setting up a 50:50 joint venture for the Dhamra Port project in Orissa. The project, estimated to cost around Rs 1,500 crore-1,700 crore, will comprise an equity compone
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GE Shipping Q2 net doubles to Rs 167 cr
STRONG freight market sentiments have enabled Great Eastern Shipping to post a net profit of Rs 167.18 crore in the second quarter of the current fiscal, as against Rs 80.12 crore in the corresponding quarter of last fiscal, representing an ...
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Vessel operators plan Kochi port congestion surcharge
PEEVED at the continuing congestion at the Kochi Port container terminal, vessel operators including mainline operators are planning to impose a `port congestion surcharge' on all trade with effect from November 1. "We are forced to impose a ...
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RAILWAYS
Freight traffic vital for track doubling: DRM
Aggressive marketing efforts will be required to win back the traffic lost to competing modes of surface transport.
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Ircon's H1 turnover at Rs 465 cr
NEW DELHI: IRCON International Ltd, the construction wing of Indian Railways, is all set to become Rs 1,000-crore company in the current fiscal, having recorded a turnover of around Rs 465 crore during the first half of 2004-05, informed ...
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