Rehabilitation project of Iisco scaled down
Indian Iron and Steel Company's (Iisco) rehabilitation project has been considerably scaled down to Rs 2,200 crore from Rs 3,486 crore by Steel Authority of India (SAIL) and Tyazhpromexport combine (TPE), that plans to update the 75-year-old steelworks.
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Infrastructure Bond Issue
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Diversified jute product export may touch Rs 1,000 cr
The Rs 575-million Indian Jute Programme, launched in 1992 with an UNDP input of $23 million on jute value addition and diversification which has turned a "sunset" jute industry into a thriving export-oriented one. The industry is projected to earn Rs 1,000 crore foreign exchange annually by the turn of the century.
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Khadse divested of finance in Maharashtra cabinet reshuffle
In A major reshuffle, Maharashtra Chief Minister Manohar Joshi has divested Eknath Khadse (BJP) of the finance portfolio and given him charge of irrigation and command area development agency. Khadse has been replaced by irrigation minister Mahadev Shivankar (BJP) who has been given a clean chit by the Puranik Committee.
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