Union Minister Nitin Gadkari will inaugurate and lay foundation stones for highway projects worth Rs 8,341 crore in Rajasthan, an official statement said.
These projects are for a total length of 1,127 kms.
The continuous improvement in the key economic and business indicators signals that the worst is behind and expectations of positive GDP growth at 0.1% to 2% in Q3 and 2% to 4% in Q4 FY 2020-21 are becoming strong with a higher growth trajectory in FY 2021-22 at 7.7%, according to PHDCCI EBM Index (Economic and Business Momentum Index).
The Indian economy is expected to record a double-digit growth at 10% in 2021-22. The PMI Manufacturing Index is at its highest since 2008, said the report prepared by Deloitte.
Western Coalfields Ltd (WCL) is seeing prospects of generating methanol through surface coal gasification from one of its mines at Chandrapur. Methanol can be used as an alternative fuel.
State-owned CIL allocated 25.78 million tonnes (MT) of coal in the first eight months of this fiscal under spot e-auction scheme, registering a year-on-year increase of 59.4%. Coal India Ltd (CIL) had allocated 16.17 MT of coal in the April-November period of the previous fiscal, according to government data.
Union minister Nitin Gadkari inaugurated and laid foundation stone of projects worth over Rs 13,000 crore in Telangana. These projects are for a total length of 765.66 km of highways.