Corporate Results of over 2500 companies Friday, November 26, 1999
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Gail begins work on LPG pipeline at Ajmer
Gas Authority of India Ltd (Gail) began construction work on its 1250 km-long liquefied petroleum gas (LPG) pipeline at Ajmer. The Ajmer station, linking Jamnagar in Gujarat to Loni in Uttar Pradesh, will consist of three pumps of a capacity of about 250 cubic metres per hour. The Rs-1,230 project, scheduled for completion in February 2001, promises to be the world's longest exclusive pipeline for LPG.

It will also be the first major pipeline transportation system for LPG, which is usually transported by road and rail. Construction work on the cross-country pipeline has already begun at Jamnagar and Jaipur in October.

Consultant for Kanpur bypass
Feedback Infrastructure Ltd (FIL), a group company of Feedback Ventures Ltd, has been appointed as consultant by the Uttar Pradesh State Industrial Development Corporation (UPSIDC) for the Rs 43-crore Kanpur bypass project.

UPSIDC is in the process of bidding out the 16-km bypass project on a BOTbasis. Feedback Infrastructure would evaluate the pre-feasibility report, finalise the project structure and the bidding methodology. The group has been actively involved in consulting, engineering, project management and project development of infrastructure projects focussed primarily on transportation, mixed use townships and urban infrastructure.

RITES launches journal
RITES Ltd has launched a bi-annual publication called `RITES Journal' devoted to research, review and retrospective on consultancy. The journal would cover all aspects of consultancy like planning, designing, project analysis and evaluation, programming, financing, technology transfer.

Naredco lists demands
The National Real Estate Development Council (Naredco) chairman G V Ramakrishna on Thursday said RBI should direct banking system to provide bridge-finance and long term loan project finance for housing development. Ramakrishna, who is also the chairman of Disinvestment Commission said there should also be aseparate allocation of ten per cent within the overall 40 per cent lending for priority sector for housing.

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