The Hindu : Business : Slippages in six Central projects

Online edition of India's National Newspaper
Wednesday, Mar 16, 2005

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Slippages in six Central projects

By Our Special Correspondent

NEW DELHI, MARCH 15. Six Central projects, each estimated to cost over Rs. 100 crores, continue to remain in the high slippage bracket, according to the latest flash report of the Ministry of Statistics and Programme Implementation. Of these projects, three pertain to the petroleum sector, two belong to the power sector and one is in the fertilizer sector.

All the three petroleum sector projects, namely, the integrated paraxylene project, the Panipat refinery expansion and the DHDT and MSQ projects at Mathura refinery, all belong to the Indian Oil Corporation (IOC). The power projects are two units at Kaiga (Units 3 and 4) under the Nuclear Power Corporation and the Kahalgaon super thermal power project (Stage II) being implemented by the National Thermal Power Corporation (NTPC).

As for the lone project in the fertilizer sector, the unit lagging in implementation is the revamp of the Namrup fertiliser plant belonging to Hindustan Fertilisers Corporation. According to the Ministry's monitoring report, out of the six projects, the Namrup plant revamp and the Panipat refinery expansion have recorded the highest slippages. The Ministry has asked the departments concerned to take remedial measures to prevent further time and cost overruns in the projects.

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