Delhi cabinet gives nod to Rs.100 mn project

October 1st, 2009 NEW DELHI - Realty major Parsvnath Developers has sold an additional four percent stake in a luxury residential project in Delhi to private equity fund Red Fort Capital for Rs.25 crore. Red Fort had earlier picked up an 18-percent stale in the Parsvnath La Tropicana project in north Delhi's Civil Lines area from Parsvnath in June for Rs.90 crore.

July 29th, 2009 NEW DELHI - Reliance Power has posted a net profit of Rs.100.56 crore ($21 million) for the quarter ended June 30 as against Rs.59.7 crore reported in the like period last year. The total income has increased to Rs.144.24 crore from Rs.77.67 crore, the company said in a statement.

July 24th, 2009 NEW DELHI - Railway Minister Mamata Banerjee is understood to have raised serious objections to a bill relating to land acquisition for industrialisation and rehabilitation of the land losers in a Cabinet meeting held on Thursday evening. The Union Cabinet reportedly discussed the amendments to the Land Acquisition (Amendment) Bill 2007 and the Rehabilitation and Resettlement Bill for nearly three hours.

July 6th, 2009 NEW DELHI - The government will allocate Rs.100 crore for about 1,000 villages with higher population of scheduled castes and scheduled tribes, Finance Minister Pranab Mukherjee said while presenting the budget for 2009-10 in parliament Monday. The scheme, currently on a pilot basis, will be extended in the coming years, he said.

June 21st, 2009 CHANDIGARH - The Haryana government has sought the intervention of Prime Minister Manmohan Singh to get an early clearance for the Rs.20.8 billion (Rs.2,082 crore) Delhi-Faridabad metro project from the Delhi government. "The detailed project report of Delhi-Faridabad metro project, having a length of 13.875 km, was prepared by Delhi Metro Rail Corporation Limited (DMRCL).

June 19th, 2009 NEW DELHI - The Cabinet Committee on Economic Affairs (CCEA) Friday gave go-ahead to the 100-MW Tripura gas-based power project, to be developed by the state-run North Eastern Electric Power Corp (Neepco). The estimated cost of the project is Rs.421.01 crore.

June 4th, 2009 NEW DELHI - Realty major Parsvnath Developers has bagged an order worth Rs.19.86 crore from Delhi Metro Rail Corp for constructing a residential project at Mundka Depot here, the company said Thursday. In a regulatory statement, the company said it would build 130 flats during the second phase of the Delhi Mass Rapid Transport System (MRTS) project.

June 1st, 2009 NEW DELHI - Realty major Parsvnath Developers Monday said it had received approval for its luxury housing project at Civil Lines in Delhi and was expecting a return of Rs.1,300 crore from the project in three years. Parsvnath Landmark Developers, a subsidiary of Parsvnath Developers, has received all approvals to start construction of the project, comprising 453 units with a built-up area of 20 lakh square feet, the company said in a statement.

May 27th, 2009 NEW DELHI - Having a degree in law can apparently improve one's chances of getting a ministerial berth as nearly half of the cabinet members have studied the subject. Of the 33 cabinet ministers named by Wednesday, 15 hold a degree in law.

May 22nd, 2009 NEW DELHI - Maharashtra has garnered the maximum berths, three, in the Manmohan Singh cabinet that took oath here Friday. The three ministers from Maharashtra are Nationalist Congress Party (NCP) chief Sharad Pawar and Congress leaders Sushil Kumar Shinde and Murli Deora.

February 25th, 2009 KOLKATA - A day after the central government cleared a proposed Petroleum, Chemical and Petrochemical Investment Regions (PCPIR) project at Nayachar Island in West Bengal, state Industry Minister Nirupam Sen Tuesday said it would not be possible to start work before the coming Lok Sabha elections. 'The notification for the coming Lok Sabha polls will be declared shortly.

February 17th, 2009 NEW DELHI - State-run Coal India Ltd will invest Rs.100 billion (Rs.10,000 crore) to revive coal mines at Jharia in Jharkhand, a top official said here Wednesday. 'Jharia coal mines are highly under-utilised and only coking coal is produced there.

February 5th, 2009 KOLKATA - Construction work at the Nayachar Island chemical hub project in West Bengal is likely to begin before the coming Lok Sabha polls this year, state Industry Minister Nirupam Sen said Friday. 'We've already sent a request to the central government seeking permission to start the project before the Lok Sabha elections.

January 28th, 2009 NEW DELHI - The government has approved the Rs.146-billion (Rs.14,600-crore) Chennai Metro Rail project, it said here Thursday. The project will be executed by Chennai Metro Rail Ltd, a joint venture with equal equity participation from the central and state governments, which has been set up on the lines of the Delhi Metro Rail Corp (DMRC).

January 19th, 2009 THIRUVANANTHAPURAM - The Kerala government Tuesday approved the proposed Rs.3,048-crore (Rs.30.48-billion) Kochi Metro Rail project and sanctioned Rs.5 million to set up an office at Kochi. 'Th project will be on similar lines to the Delhi Metro Rail Corporation.