Union Petroleum Secretary Vivek Rae said his ministry was making all efforts to see that the Comptroller and Auditor General (CAG) is able to audit Reliance Industries' (RIL) spending on KG-D6 block. He said there have been some differences between CAG and RIL on the scope of audit but they are being resolved. He expressed hope that CAG would be able to resume audit by either month or early next
Author: admin (Infratructure Today)
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NMPT handles major share of LPG handling in India
New Mangalore Port Trust (NMPT) handles a major share of total liquefied petroleum gas (LPG) handling in the country. It handled around 2.08 million tonne of LPG in 2011-12, P Tamilvanan, Chairman of the port trust informed. The LPG import facility of HPCL in Mangalore contributes around 1.5 million tonne, S Roy Choudhury, Chairman and Managing Director of HPCL informed
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RIL produces 1.58 tn cubic feet of gas till March 2012
Minister of State for Petroleum Panabaaka Lakshmi informed Lok Sabha that the actual cumulative natural gas production at Reliance Industries' (RIL) D-1, D-3 fields of KG D6 Block up to March 31, 2012, was 1.584 trillion cubic feet against the projected 2.030 trillion cubic feet. The decline in output in 2011-12 is attributed to water or sand ingress in six out of the total 18 gas producing wells in the D-1 and D
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Investors cast doubt on output forecast of Cairn India
Reports indicate that investors have doubts on the exit production (production at the end of the fiscal) forecast of Cairn India for 2013-14. The Anil Agarwal-promoted firm expects its exit production for March 2014 to be in the range of 210-215 kilo barrel per
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Kerala govt assures court to bear liability
Adovcate General of Kerala government assured the Kerala High court that the state government would bear the liability of oil marketing companies if the petition filed by Kerala State Transport Corporation was finally dismissed. Following this, the court restrained oil companies from increasing the price of diesel being supplied to cash
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Association suggests port to dredge Hooghly river
In a memorandum to the Chairman of the Kolkata Port Trust, the Association of Shipping Interests in Calcutta (ASIC) urged the former to get dredging done in the Hooghly river through a private player. The association asked the port to examine the scope of appointing private dredging majors for better navigability on the Hooghly river. Currently, public sector Dred
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Railways slashes charges for moving containers
The Indian Railways has decided to charge less for moving some categories of containers. After deciding, in November 2012, to raise haulage rates by up to 31 per cent in two installments Ăâ in December 1, 2012, and February 1, 2013, the Railway Ministry has now decided to lower the rates by five per cent in two segments Ăâ 10-20 tonne cargo in twenty feet equivalent unit (TEU) containers, and 20-40 tonne cargo in forty feet equivalent (FEU) containers.
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Railways to revise passenger fares in Oct
As part of an exercise to introduce a fuel adjustment component (FAC) in passenger segment, the Indian Railways would revise passenger fares in October. According to the FAC policy, the freight and passenger rates would be revised twice a year, keeping in mind the proportionate movement in diesel and electricity prices.
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Govt to upgrade 5 roads via PPP model
Haryana government would adopt Public Private Partnership (PPP) model to develop five major roads in the state, the state Industries and Public Works Minister Randeep Singh Surjewala said. The five roads identified for the project are Bahalgarh chowk Meerut-Sonepat road, Panipat-Sonali Road SH-16, Kond-Moonak-Salwan-Assandh road till MDR border, Palwal- Aligarh Road and Karnal-Meerut Road, he said after inaug
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DP World Cochin raises draft at ICTT
The maximum draft of ships calling at the Vallarpadam International Container Transshipment Terminal (ICTT) is raised to 14 meter (about 46 feet) following harbor and channel dredging by DP World Cochin. Dubai-based DP World is operating the Vallarpadam terminal along with Cochin Port Trust (CoPT) in a public-private partnership (PPP) model