Larsen and Toubro to invest 500 million dollars to build nuclear reactorsSeptember 30th, 2009 NEW DELHI - India's top construction and engineering firm Larsen and Toubro (L and T) has said it planned to invest 500 million dollars to build nuclear reactors, hoping to tap Indian orders for power projects. Talking to reporters here on Tuesday L and T chairman and manging director A.M.
We can build n-plants up to 3,000-4,000 MW: L&TSeptember 29th, 2009 NEW DELHI - Engineering and Construction major Larsen & Toubro Tuesday said it can build nuclear power plants with generating capacity of 3,000-4,000 MW a year. L&T chairman and manging director A.M.
National Aluminium plans nuclear power plantSeptember 20th, 2009 BHUBANESWAR - The state-owned National Aluminium Co (Nalco) is focusing on diversification, including setting up a nuclear power plant and moving into other metals, to meet the economic meltdown. As part of its plans, the company has begun talks with the Nuclear Power Corp of India Ltd (NPCIL) to set up a nuclear power plant of 1,000 MW capacity, said Nalco chairman and managing director C.R.
NALCO gets mining lease for refinery in Andhra PradeshSeptember 18th, 2009 BHUBANESWAR - The state-owned National Aluminium Co Ltd (NALCO) Friday said it has got the mining lease approval to build a 1.4 million tonne greenfield alumina refinery in Andhra Pradesh. The government of India has accorded prior approval for the mining lease proposals of the government of Andhra Pradesh for awarding lease to NALCO over Gudem and Katamraju Konda bauxite blocks in Andhra Pradesh, the company said in a release.
NALCO mulling setting up of nuclear power plantSeptember 13th, 2009 BHUBANESWAR - The state-owned National Aluminium Company (NALCO) is in talks with another public sector undertaking to set up a nuclear power plant in the country, an official said Sunday. The aluminium major is in talks with the Nuclear Power Corporation of India (NPCIL) to set up the plant for which the exact location is yet not finalised.
Nuclear Power Corp in pact for new unitsSeptember 11th, 2009 NEW DELHI - With private companies barred from the country's atomic energy generation industry, the state-run Nuclear Power Corp is signing pacts with two other government firms to fund its new projects, a top company official said Friday. We are going in for public partnership.
Gas pipeline opens at world's largest aluminium smelterAugust 23rd, 2009 ABU DHABI - Emirates Aluminium (Emal) and Abu Dhabi Gas Industries (Gasco) opened the natural gas pipeline at the world's largest single site aluminium smelter here, WAM news agency reported Sunday. The pipeline, connected to the Emal power plant, will provide it with reliable and uninterrupted supply of natural gas.
Government not to sell stake in National AluminiumAugust 19th, 2009 NEW DELHI - The government has ruled out selling its stake in National Aluminium Co (NALCO) and Hindustan Copper Ltd. "There are no plans to sell stake in these companies.
National Aluminium net dips 75 percentJuly 31st, 2009 MUMBAI - State-run National Aluminium Co (NALCO) reported a 75 percent fall in net profit to Rs.126.4 crore for the quarter ended June 30, as compared to Rs.525.3 crore in the like period last year. The total income decreased 34 percent to Rs.1,036.5 crore from Rs.1,593.7 crore, the company said in a regulatory statement.
A look at estimated costs for closing the nation's 104 operating nuclear plantsJune 17th, 2009 Costs for closing nuclear plantsCompanies that own nearly half the nation's 104 nuclear reactors aren't setting aside enough money as required by law to dismantle the plants and remove radioactive materials when they stop operating, and many may sit idle for decades at the risk of safety and security problems, according to an Associated Press investigation.
The 2009 minimum estimated costs for closing each of the nation's 104 operating nuclear power plants; the 2007 decommissioning fund balances; and the 2009 decommissioning fund balances:
Source: Nuclear Regulatory Commission
Vedanta committed to completing Orissa projects: AgarwalJune 6th, 2009 BHUBANESWAR - Britain-based Vedanta Resources, which has invested over Rs.25,000 crore (Rs.250 billion) in different projects in Orissa, was committed to completing all planned projects in the state, its chairman Anil Agarwal said here Saturday. "We have taken a decision for Orissa.
Set up $90-bn infrastructure fund, government toldApril 26th, 2009 NEW DELHI - The Associated Chambers of Commerce and Industry (Assocham) has urged the government to set up a 'separate infrastructure financing fund' worth $90 billion to finance infrastructure projects in the next three years. In a note submitted to the Planning Commission and the Reserve Bank of India (RBI), Assocham secretary general D.S.
National Aluminium net down over 33 percentJanuary 27th, 2009 MUMBAI - State-owned National Aluminium Co (NALCO) Wednesday announced its net profit was down 33.38 percent to Rs.2.19 billion (Rs.219 crore) for the quarter ended Dec 31 as compared to Rs.3.29 billion (Rs.329 crore) in the year-ago period. In a regulatory statement, the company said its total income had decreased from Rs.12.47 billion (Rs.1,247 crore) in the corresponding quarter the previous year to Rs.11.49 billion (Rs.1,149 crore) in the period under review.
National Aluminium profits take a hitJanuary 27th, 2009 BHUBANESWAR - State-owned National Aluminium Co (NALCO) Wednesday said its third quarter net profit was down 33.38 percent to Rs.2.19 billion (Rs.219 crore), and attributed it to the falling prices of its products in the international market. In the same period last fiscal, NALCO had posted profits of Rs.3.29 billion (Rs.329 crore).
Trust to implement NRI-funded social projects registeredDecember 25th, 2008 CHENNAI - The government has registered a non-profit trust, India Development Foundation (IDF), to enable non-resident Indians (NRIs) to fund socially relevant programmes in villages in the country. 'Presently NRIs cannot implement social, health, education improvement projects in a place of their choice in India without prior government sanction.
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