Saturday, July 17, 2010

Goa Blog

Goa Blog

Sesa Goa to invest USD 500 million for expansion

Posted: 17 Jul 2010 08:45 AM PDT

Sesa Goa Ltd proposes to invest about USD 500 million in expanding its mining and logistics infrastructure to support its aggressive growth plans as it aims to more than double its annual iron ore output to 50 million tonnes over the next three years.

Mr Prasun K Mukherjee CEO and MD said that such a large increase in production and transportation of iron ore over a short span of time will need aggressive investments and concerted efforts not only at the mines, but also in developing the associated logistics infrastructure.

Mr Mukherjee told shareholders in the company’s latest annual report that "The investments would be in machinery including improved processing plants and higher capacity heavy earth moving equipment. On the logistics front, this includes developing access roads, port handling facilities, railway siding and the barge fleet."

Mr Mukherjee said that Sesa ended 2009-10 with a total consolidated production of 21.4 million tonnes to become the 13 {+t} {+h} largest iron ore producer in the world. Sesa Goa aims to be the world’s fourth largest iron ore producer in the world by 2012-13 with an annual production of 50 million tonne.

Mr Mukherjee further said that "Sesa Goa believes that an annual production of 50 million tonnes will give it the right mix of global scale with the positioning of low cost producer with flexible operations."

Sesa believes that significant part of its growth would come from acquisitions going forward and maintained a healthy level of cash and cash equivalent at INR 6,952 crore to drive its inorganic growth strategy.

Mr Mukherjee said that "Dempo has been the first major acquisition and the success of the post-merger fit has given us the confidence to pursue the acquisition route for growth in the coming years."

Courtesy:Steelguru

Goa: Parrikar accuses CM of dilly-dallying on handing of drugs case to CBI

Posted: 17 Jul 2010 07:01 AM PDT

The Leader of Opposition, Mr Manohar Parrikar has accused the Chief Minister, Mr Digambar Kamat, and the Home Minister, Mr Ravi Naik, of sitting over the file pertaining to handing over the investigation in the police-drug dealers' nexus case to Central Bureau of Investigation. Addressing a press conference here on Friday, Mr Parrikar, however, said that his party had not blamed the Home Minister in the case but his son, Mr Roy Naik, adding that in case the case was handed over to the CBI for probe then the BJP would not press for removal of Mr Naik as Home Minister.

Digambar Kamat's Residence

He further said that if the ruling side was not involved in wrong doings then it need not worry about the probe by the CBI and that it was only the opposition that had to be wary of misuse of the central investigation agency by the ruling party. He went on to accuse the criminal investigation department of “fixing” the drug cases. Mr Parrikar said that his party would inaugurate the newly constructed district hospital building if the government failed to open it.

He said that the hospital building has remained unused for the last two and half years since its construction work was completed, at a cost of Rs 45 crore. Meanwhile, at a meeting at Margao on Friday, the BJP youth wing chief, Mr Rupesh Mahatme, in the presence of Mr Sidanath Buyao, said that the Health Minster was not aware of anything that was going on in Hospicio as well as urban health centres and the Chief Minister himself had to take interest in getting the work at Hospicio done as well keep a check on urban health centres like the one at Canacona.

Mr Mahatme further accused him of only being interested in privatisation of hospitals for vested reasons. ”If the CM does everything then why is the Health Minister needed?” he asked. He also alleged that there were a lot of staff at the Hospicio from Valpoi and “their mentality was that they are the Health Ministers people,” so were generally not people-friendly.

“We condemn this,” he asserted, arguing that the staff there were not bothered about the patients and despite the Chief Minister's personal assurances nothing had improved. Mr Mahatme also reiterated the BJP's demand for withdrawal of the City Development Plan and threatened to launch an agitation if it was not.

“What the plan is the engineers themselves did no know. And before any new CDP plan is brought, training should be given to engineers,” he said. Meanwhile, a NGO, the Citizens Welfare Committee has hailed the the Chief Minister and Margao MLA, Mr Digambar Kamat's promise to withdraw the CDP 2031 and criticised the CDP's plan of freezing of development in the heart of the city as “not justified.”

Courtesy: Navhind Times

Greyhound academy to train Goa police team

Posted: 17 Jul 2010 06:48 AM PDT

Andhra Pradesh’s anti-Maoist force, Greyhounds will train 45 Goa policemen to tackle internal security scenarios and carry out anti-terror operations, police said on Saturday. Deputy inspector general R.S. Yadav said the Goa policemen would receive their training at Himatsagar, an Andhra Pradesh-based Greyhound training academy.

“Goa is not really affected by Maoism. But the training by Greyhounds will help us to use the force for internal security purposes and to carry out anti-terror operations,” Yadav said.  ”Greyhounds are the best in this job. We are preparing our force for anti-terrorism operations,” Yadav added.

Courtesy: TOI
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