News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Wednesday, April 11, 2018 7:53:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 1556 Times
Mahagenco to partner in building rail corridor in Chhattisgarh.
THE MAHARASHTRA government is set to partner an initiative for the construction of a rail corridor in Chhattisgarh. The 270-km long Katghora-Dongargarh proposed rail corridor is being planned for transporting coal.

The state Cabinet on Tuesday sanctioned a proposal permitting state-run power generation arm, Mahagenco, to partner and invest capital in an special purpose vehicle (SPV) involving the Chhattisgarh Rail Corporation Limited and the South Eastern Coalfields Limited.

The Centre has allocated a coal mine to Mahagenco in Chhattisgarh’s Gare Palma Sector 2. According to the understanding, Mahagenco will hold 26 per cent stake in the SPV. While the total cost of building the rail line is Rs 4,820 crore, the SPV has plans to raise loans for about 80 per cent of the project cost. The three agencies will bear the remaining cost. The Cabinet on Tuesday permitted Mahagenco to infuse a capital of Rs 250 crore in the project.

While the Chhattisgarh coal mine is expected to yield 24 million metric tonne of coal per annum, Mahagenco is yet to undertake mining at the facility owing to lack of environmental clearance. But the government is hopeful of bagging the green nod soon, and has already started drawing up plans for the transportation of the coal.

In 2015, the Centre had allocated the coal block to Mahagenco for a 30-year period, following a bidding process. According to state’s energy department officials, the new rail corridor, once commissioned, will provide for a parallel transportation route to the otherwise busy Jharsuguda-Nagpur and Jharsuguda-Rajnandgaon rail routes.

In another decision, the Cabinet cleared a proposal for setting up of a new police commissionerate in the Pimpri-Chinchwad municipal area. Pune’s Guardian Minister Girish Bapat, however, admitted later that the land required to establish the commissionerate is yet to be identified.

THE INDIAN EXPRESS

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Five flyovers, four markets get a facelift in east Delhi.
Colaba-Bandra-SEEPZ route: Metro 3 will be delayed by six months, MMRC tells govt.
Monorail receives Commissioner of Rail Safety clearance.
Adani's Dhamra port expansion opens doors to South-East Asia.
Southern Rly completes 150 km of track doubling, gauge conversion.
Railway body invites proposal to modernise Chandigarh station.
MMRDA: Stainless steel to be used in parts of Ambedkar Memorial to avoid corrosion.
Bengaluru airport to raise $2 b for new terminal, runway.
NIT team visits NAD flyover area.
U.P..CM inaugurates India's longest elevated road in Ghaziabad
RELATED PROJECTS & TENDERS
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback