Category Archives: Resources

Delays in land acquisition stall road projects worth Rs 15,000 cr including in Goa

Delay in land acquisition is proving to be a stumbling block in expediting road projects as 16 schemes worth about Rs 15,000 crore are stalled due to it.   “Sixteen major highway projects in four states, entailing about Rs 15,000 crore in investment are stalled due to inordinate delays in land acquisition,” a Road Transport […]

Goa illegal mining scam: Panaji port to be made accountable

A Goa government-run minor port at Panaji, which has allegedly been the clearing house for millions of tonnes of dubiously sourced iron ore, could be back in the news again. A top official of Goa’s only major central government-run port said that on Monday, at a meeting with Chief Minister Manohar Parrikar the latter would […]

Sesa Goa announces acquisition of Goa Energy

Goa Energy owns and operates a 30 MW waste heat recovery power plant in Goa Sesa Goa, a majority-owned subsidiary of Vedanta Resources plc, has announced that it has completed the acquisition of Goa Energy Pvt Ltd (GEPL). It had announced on 3 November 2011 that it had signed the definitive share purchase agreement with […]

Vedanta completes Cairn India deal

Vedanta Resources Plc completed its long-delayed $8.7 billion purchase of a majority stake in Cairn Energy Plc’s Indian unit, more than a year after the deal was first announced, in a move that turns India-focused Vedanta into a diversified resources group. London-listed Vedanta now holds 58.5 percent of Cairn India , it said on Thursday, […]

Goa port iron ore exports recover on Chinese demand

November shipments from India’s largest iron ore exporting port, Mormugao in Goa state, recovered from last month but still down 6% at 3.19 million tonnes on year, as firmer prices made shipments feasible from the western state with lower freight. “Feasibility is there from Goa port… there is good demand for low grade in China […]