http://www.InfraNews.inGet the latest Infranews from ASAPP Media Information GroupCopyright:(C) 2013 ASAPP Media Information Group, http://www.infranews.inwebmaster@constructionupdate.com (Admin)Construction major in India L&T Construction has won new orders valued over Rs 2,542 crore across various business segments in April and May 2013. The Building & Factories Business has bagged new orders worth Rs 1,021 crore for the construction of residential towers, a cement plant and a factory at various locations across India, including additional orders from operating projects.http://www.infranews.in/News.aspx?nId=Fsq7+Y4B3FSFL8vemBz66A==5/21/2013 12:57:49 PMThe annual financial statement 2012-13 of Vedanta Resources shows the company expects resume operation at its alumina refinery in Odisha's Lanjigarh by July 2013. The firm stopped operation at the 1-million tonne Lanjigarh refinery in December 2012 owing to paucity of bauxite -- the key raw material used to make alumina (the intermediate product for making aluminiumhttp://www.infranews.in/News.aspx?nId=OsErm3JP+6OCup0dOXztIQ==5/21/2013 12:57:49 PMPetroleum and Natural Gas Regulatory Board (PNGRB) would soon open the technical bids submitted by oil and gas firms for launching city gas distribution (CGD) business in key cities. After clearing the technical bids, the downstream regulator would open financial bids for the third round of aucthttp://www.infranews.in/News.aspx?nId=ogAscmeT4GmmN+/GkxSBfQ==5/21/2013 12:57:49 PMAs new developers are looking to purchase plots in Mumbai, property sales and land prices in the most expensive Indian city may spurt this year. A number of prime land parcels in the city are in the process of being put up for sale, either by inviting bids or through direct negotiations, even as property sales in the city remain subdued because of high prices and delays in project approvals, according to real estate consultants.http://www.infranews.in/News.aspx?nId=gBzTqepfjyIu/GzAgdd7rQ==5/21/2013 12:57:49 PMConsidering its strong financial position and market leadership, CRISIL gave 'CRISIL AAA/Stable' rating to Larsen & Toubro (L&T's) Rs 100 crore inflation linked capital indexed non-convertible debenture issue. L&T got this top rating owing to its diversified revenue profile, strong financial flexibility, and its dominant position in the engineering and construction (E&C) market inhttp://www.infranews.in/News.aspx?nId=ZULbJ/ASzYgo9fW/EEhGuQ==5/21/2013 12:57:49 PMMarket analysts and economists expect Reserve Bank of India (RBI) to reduce policy repo rate in its mid-quarter policy review on June 17 considering the fall in inflation and sluggish economic growth. Earlier, RBI said it would take into account falling inflation while deciding on policy initiative in its review next monthhttp://www.infranews.in/News.aspx?nId=vKn0Zw6GVfmO8S1JsKjP3A==5/21/2013 12:57:49 PMAccording to media reports, the Tamil Nadu government is set to handover land for the expansion of Madurai and Tuticorin airports to the Airports Authority of India (AAI). For the Madurai airport project, the state government is set to issue acquisition notification, while for the Tuticorin project, the process of issuing acquisition notification would be completed soon, reports indichttp://www.infranews.in/News.aspx?nId=woCPNJmAPn0fVpK0SblC/w==5/21/2013 12:57:49 PMLeading iron ore miner MSPL's flagship open cast mine Vyasanakere Iron Ore Mine in Karnataka resumed operation recently after it completed the rehabilitation and reclamation measures prescribed by the central empowered committee (CEC). It may be recalled that the Supreme Court allowed category 'A' and Category 'B' mines in Karnataka to resume operation after completing Reclamation and Rehabilitation (R&R) works prescribed by the Monitoringhttp://www.infranews.in/News.aspx?nId=OH9kaKcVY6ZQaX2W+0XxuQ==5/21/2013 12:57:49 PMThe Planning Commission feels that India will still face a shortfall of about 200 million tonne of the fuel source by the end of the 12th Plan Period. IA Khan, Advisor Energy, Planning Commission, said that India would have to depend on imported coal, unless it is able to tap other natural resources to a greater extent for power production. India’s coal demand is estimated to go up from 640 million tonne in 2011 to 12 to about 980 million tonne by the end of the 12th Plan, by which time its production could reach 795 million tonne.http://www.infranews.in/News.aspx?nId=lqkpJAuZRAuOZu4XvlJurQ==5/21/2013 12:57:49 PMKerala Monorail Corporation (KMCL) submitted the agreement and terms of conditions for the monorail projects in Thiruvananthapuram and Kozhikode before the state cabinet for discussion and clearance. The state cabinet would go through the documents and decide on clearing it. Earlier, the board of directors of KMCL, chaired by the state Chief Minister Oommen Chandy, cleared the agreement and terms of conditions to bhttp://www.infranews.in/News.aspx?nId=4leVuoucamxS+3fQ9mQvXA==5/21/2013 12:57:49 PMNoida Authority earmarked Rs 2,000 crore for the metro rail extension projects, which involve setting up of two routes - a 3.9 km route between Kalindi Kunj and Botanical Garden and the 6.7 km City Center-Sector 62 link. The authority would meet soon to give a formal approval to the allocation. It may be learnt that the Uttar Pradesh government approved the extension projehttp://www.infranews.in/News.aspx?nId=D0D91dVWAKus/vB3OUu2qA==5/21/2013 12:57:49 PMMumbai-based Godrej Properties has signed a development management agreement for a project on Whitefield Main Road. Godrej Properties (GPL), the real estate development arm of the Godrej Group, has entered into a Development Management Agreement with M/s United Oxygen Company to develop their property situated near Hoody, Whitefield Main Road, Bangalore.http://www.infranews.in/News.aspx?nId=vJ+M874xBKOa0EF3KUX9NA==5/21/2013 12:57:49 PMUnion ministry for New and Renewable Energy said it incorporated the suggestions given by an inter-ministerial committee to strengthen guidelines for selecting EPC contractors for projects under the Jawaharlal Nehru National Solar Mission (JNNSM). Following allegation of irregularities in implementing projects under JNNSM, the ministry set up the inter-minishttp://www.infranews.in/News.aspx?nId=KIhajdKdfJDnKuRktOiOwg==5/21/2013 12:57:49 PMAccording to media reports, Reliance Infrastructure is facing inordinate delay in getting approval for four mega infrastructure projects, which include Mumbai Metro line 2, Mumbai Sea Link extension project, and two ultra mega transmission projects. A top official of the firm reportedly said the firm may not begin work on these projects unless it gets all statutoryhttp://www.infranews.in/News.aspx?nId=Mo66uQDB3BH2+1ITG6JELA==5/21/2013 12:57:49 PMIn order to upgrade water supply, drainage systems and road infrastructure in Jammu and Kashmir, the Asian Development Bank (ADB) agreed to lend $110 million to the union government. The multilateral bank gave this loan from its Ordinary Capital Resources for a period of 25 years including a grace period of five years. The bank would impose a comhttp://www.infranews.in/News.aspx?nId=Ruah8T/EpRpBKOmMGXKJQw==5/21/2013 12:57:49 PMGovernment must take the reforms in the infrastructure sector to the next level in order to reap the fruits of the first level of reforms in the sector, a top official of Crisil Infrastructure Advisory said to a news agency. For example, in the power sector, the government executed various reforms like de-licensing in generation, unbundling of utilities. This resulted in the development of ahttp://www.infranews.in/News.aspx?nId=xuqR3TU3/FWKDDPCm1cz7Q==5/21/2013 12:57:49 PM