Power Update Oct 01, 2014 BPCL to invest Rs.13,000 cr in overseas projects Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs13,000 crore in energy exploration and production in Mozambique and Brazil over the next four years.
Communication Feature Jun 01, 2014 L&T breaks new ground in offshore engineering and construction India's heavy and growing dependence on imported energy is putting financial strain on the economy. More than half of India's $191 billion trade deficit in the financial year 2012-13 was due to oil imports,
Transport Update May 01, 2014 PPT sets new record The Paradip Port Trust (PPT) set a new record in crude oil cargo discharging. MT Spartan Warrior, a crude oil tanker, discharged 1.96 lakh metric tonne of crude oil at the Single Point Mooring (SPM)-2 in less than 24 hours surpassing the previous record of
Policy Update Apr 01, 2014 Industrial growth stagnating: RBI The Macroeconomic and Monetary Developments 2014-15 update is released by Reserve Bank of India along with its first bi-monthly monetary policy statement for 2014-15. As per the macroeconomic update, the industrial growth is stagnating. The Index of Industrial Production (IIP) showed no increase during April-January 2013-14, compared with 1.0 per cent growth in the corresponding period of the previous year. This stagnation in growth over two years reflects subdued investment and consumption dema
Editor's Page Apr 01, 2014 Breaking The Inertia Amid the anxiety and the anticipation awaiting the next Union government, as the country goes into polling mode, the infrastructure sector got some news to cheer about. The decision of the Planning Commission to propose the setting up of a Cabinet committee on transport, a move that could lead to speedy decision making in the sector, is a welcome move.
Interview Apr 01, 2014 American gas exports to India will be competitive The US India Political Action Committee (USINPAC) is a bipartisan organisation working through economic diplomacy to impact policies concerning the Indian-American community in the US. Robinder Sachdev, Director of India Affairs, USIPNAC, speaks to Devarajan Mahadevan on the latest issues that the entity is trying to resolve between the two countries.
Transport Update Apr 01, 2014 Mundra crosses 100-mt mark in cargo throughput Mundra port in Gujarat has handled 100 million tonne (mt) of cargo during 2013-14, joining an elite club of global ports that have reached this mark. Mundra also became India's biggest port in terms of cargo handled. Mundra port surpassed Kandla port, located just 60 km away on the Gulf of Kutch in Gujarat, in terms of the amount of cargo handled.
Transport Update Mar 01, 2014 NMPT cargo volume up The increase in the handling of crude oil and coal cargoes at New Mangalore Port has helped it to register a 6.4 per cent growth in traffic handling during the first 11 months of the present fiscal year. The port handled 35.76 million tonne (mt) of cargo from April 2013 to February 2014 as against 33.61 mt in the corresponding period of the last financial year.
Interview Jan 01, 2014 Increased prices have enthused us to explore more gas fields It´s been a good year for O and G, setting the right agenda for reforms and increased private participation in exploration, says LK Gupta, MD and CEO, Essar Oil, in a conversation with Shashidhar Nanjundaiah. Will you participate in the upcoming 10th round of NELP? We have not yet taken a call. If we find value, we will consider it. We are currently more focused on completing our Ranigunj CBM fields and running our Vadinar refining plant optimally. This is a period where we are preparing for f