McNally Bharat Engineering, India’s leading engineering solutions company, announced that it has secured 2 orders worth Rs 2.44 billion from Vedanta Group.
London listed Vedanta Group is a metals and mining major with Aluminium, Copper and Zinc operations in India and Australia.
According to sources, the first order has been bagged for Vedanta Group’s 1.5 million tons per annum capacity lead zinc beneficiation plant located in Bhilwara, Rajasthan and the other is for aluminium handling package at Lanjigarh, Orissa.
Indian real estate firms demanded more monetary measures by government to increase demand in reality sector. Developers urged government to restructure debt and cut in interest rates to push growth rate of home segment. A team of reality firms, headed by National Real Estate development Council (NAREDCO) President, Rohtas Goel met Planning Commission Deputy Chairman, Montek Singh Ahluwalia and apprised him about the demands of developers.
Copper prices fell to about four-year low in international market following fears of low demand in the wake of global financial crisis. According to recently released data by the World Bureau of Metal Statistics, copper prices declined more than 55 per cent in this year. Analysts at Barclays Capital said that adverse is yet to come and next few quarters would see huge decline in demand as compared to current demand level in the market.
The union government would consider the civil aviation ministry's proposal to defer new ground handling policy by six months. The policy is aimed to allow handling of passengers, ramp and aircraft by air port operators instead of private carriers. The air port operators are proposed to offer these services through a specialized agency. State-owned National Aviation Company Ltd (Nacil) and Singapore Airport Terminal Services (SATS) can be selected for such services at various Indian airports. The policy is scheduled to be effective from January.
RBI has assured business community that it would take all possible steps to maintain adequate money supply in the country's finance system. It urged banks to cut interest rates to ensure credit at cheap rates without compromising quality of credit. The bank said, in a recently released report, that financial health of country is sound due to active liquidity management by bank.
Following a year after a slump in prices of metals used in construction, State-owned Gujarat State Petroleum Corp. (GSPC) has raised the capacity of its planned liquefied natural gas (LNG) terminal by 30% to 6.5 million tonnes (mt). 
