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Karantaka gets 10 pc hike in 2007-08 Annual Plan

New Delhi, Feb 26 (UNI) The Annual Plan outlay for 2007-08 for Karnataka was today finalised at Rs 17,782 crore, a 10 per cent rise over last year's outlay of Rs 16,166 crore.

Talking to newspersons here after meeting Planning Commission Deputy Chairperson Montek Singh Ahluwalia, Karnataka Chief Minister H D Kumaraswamy expressed "satisfaction" with the allocation.

Stating the state had an "impressive record of achievements in the implementation of its plans, Deputy Chief Minister and state Finance Minister B S Yediyurappa said Karnataka had 112 per cent achievement in the Ninth Plan and it was expected to achieve 115 per cent of Plan expenditure in the Tenth Plan too.

The state officials said they had sought greater outlay to meet requirements of backward areas stating as "inadequate" the Rs two crore earlier sanctioned for 39 most backward taluks.

The state has decided to hike the amount giving additional allocation of about Rs 4 crore each during next year.

Mr Yediyurappa said under the Jawaharlal Nehru Urban Renewal Mission (JNURM) only two cities with 10 lakh population -- Bangalore and Mysore -- were eligible for funds. But the state government has pointed out the need to include all district headquarters with a minimum of five lakh population under the scheme.

UNI

Suzlon bags windfarm order from Reliance arm

New Delhi, Mar 6 (UNI) Wind energy major Suzlon Energy Ltd today said it has secured its maiden contract from the wind energy arm of Reliance Energy Ltd. The order is for setting up of a windfarm of 150 MW wind turbine capacity in Sangli district, Maharashtra. The company did not divulge the value of the contract. The contract would be executed in two phases and is expected to be completed by March 2008. UNI.....

Aban gets $123 mln drilling contract

New Delhi, Mar 6 (UNI) Aban Offshore Ltd today said its subsidiary, Aban Abraham Pte Ltd, has entered into a drilling contract with affiliates of Addax Petroleum Corporation of Canada and China's Sinopec for deployment of the drillship -- Aban Abraham offshore West Africa. The revenue expected from the above contract is 123 million dollars, which could increase to 246 million dollars if all the optional wells are declared, a statement said. The contract will be performed in direct continuation.....

GE Shipping adds Capesize carrier in its fleet

New Delhi, Mar 6 (UNI) GE Shipping today took the delivery of 1,64,796 dwt modern Capesize dry bulk carrier. The ship named 'Jag Arjun' is the largest vessel in the company's dry bulk fleet and was contracted in September 2006. With induction of the new carrier, the company's fleet of 42 vessels comprises 32 tankers (14 crude oil carriers, 16 product carriers, and 2 LPG carriers) and 10 drybulk carriers (1 capesize, 1 panamax, 5 handymax and 3 handysize) with.....
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