Popular Articles

Audi to assemble SUVs in India by March 2010
German luxury car maker Audi today said it will start assembling its Sports Utility Vehicle (SUV) Q5 in India by March next year and is expecting its sales to grow by about 70 per cent in 2009.

If HC judges want to become heroes it is their wish: Moily
Union Law Minister M Veerappa Moily today virtually backed Chief Justice of India K G Balakrishnan on the issue of assets declaration by judges and said if judges were voluntarily disclosing their assets and "wanting to become heroes, it is their wish."

News of the day

Sunil Jain: Solving spectrum scarcity
Sunil Jain / New Delhi November 16, 2009, 0:07 IST
Online Business

Haldia expansion plan hit by workers' strike

Work on the Rs 1,230-crore expansion project of Haldia Petrochemicals Ltd (HPL), among the country’s largest naptha-based petrochemical facilities, came to a grinding halt after a Centre of Indian Trade Union (CITU)-backed union called an indefinite strike over wage revision of contractual workers. - SAIL again delays Rs 70,000-cr mega expansion plan - India Eco Summit: Jubilant Organosys to invest Rs 250 cr - Shobhana Subramanian: When shoppers don"t stop">Shobhana Subramanian: When shoppers don"t stop - Tata Tele to raise $250 mn to fund expansion - J K Lakshmi to invest Rs 1,600 cr on expansion - JK Tyre to invest Rs 1,200 cr on expansion “There were proceedings for settlement of the charter of demands (CoD) between HPL and the HPL Contractors’ Workers Union yesterday in the presence of the additional labour commissioner. During the talks, the union served the strike notice. The strike has started since this morning and the ongoing work for implementation of Project Supermax has come to a halt at the moment,” HPL said. Project Supramax, which is already running behind schedule by over two years, is expected to raise the plant’s capacity from 5.2 lakh tonnes per annum (tpa) to about 6.7 tpa. The delay has already seen the cost of the project rise from the earlier estimate of Rs 675 crore to Rs 1,230 crore. HPL sources said if the strike continued, it was likely to have a telling effect on the execution of the project, which involves over 1,100 workers, including some from overseas. “Discussions have been on since June this year and a verbal agreement was reached between the contractors, the union and the management on November 2. Yesterday, the assistant labour commissioner prepared a CoD after consultations with all parties, but the management did not sign on it. We had no other option but to go on strike,” HPL Servicing & Maintenance Contractors’ Workers Union Secretary Debashis Maity said.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):