To prevent India's image from being dented in the global market, the Union Civil Aviation Ministry may issue a guidance to release all Kingfisher Airlines aircraft parked at Indian airports to international leasing companies. The move comes in the wake of growing disquiet among major leasing companies over India's refusal to hand over the aircraft and fears that much-needed aircraft finance would be stopped to Indian airline companies.
Author: admin (Infratructure Today)
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CCI may clear Rs 500 bn worth projects
Agency reports indicate that Cabinet Committee on Investment (CCI) may clear around Rs 50,000 crore worth projects by March 2014. In 2013-14, India would see many projects coming on stream. Department of Economic Affairs Secretary Arvind Mayaram is quoted as saying this by a leading news agency
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Govt lays 12,650 km gas pipeline
The Minister of Petroleum & Natural Gas M Veerappa Moily informed the Lok Sabha recently that for transporting natural gas across the length and breadth of the country, a cross-country pipeline network is being laid throughout the country. Presently, there are around 11,500 km of natural gas pipelines across the country and another 12,650 km of pipeline infrastructure is under various stages of imple
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CCI sends order to fuel retailers
Ashok Chawla, Chairman of the Competition Commission of India (CCI) informed reporters that the panel was in the process of sending fuel retailers an order related to a probe on the alleged cartelisation on petrol pricing. Chawla informed this on the sidelines of a seminar organised by industry body Assocham. The CCI, which is emp
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Private refiners warn that they may export fuel
Private sector oil refining companies warned that they would export their diesel and Liquefied Petroleum Gas (LPG) instead of selling them to the local state-run oil marketing companies (OMCs). The warning comes in response to the finance ministry's proposal to calculate domestic fuel price based on Export Parity Price (EPP) instead of the curr
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OIL plans to spend large portion on exploration
Reports suggest that Oil India (OIL) plans to spend over 32 percent of the planned capital expenditure (capex) in the 12th Five Year plan period (2012-17) towards exploration which will enhance its current reserve base. According to analysts, the cost of production of the company for oil and gas is amongst the lowest in the world. This is mainly on account of the fact that most of the production for OIL is
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Report calls for barge service between Chennai and Ennore ports
Recently, Union Shipping Minister GK Vasan released a pre-feasibility report titled ÃâLogistics Collaboration between Ennore and Chennai portsÃâ, prepared by the Confederation of Indian Industries (CII). The report calls for setting up a Ãâmarine highwayÃâ to ferry containers by barges between Chennai and Ennore ports. The highway is intended to decongest the road highw
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Cargo handling doubles at Dhamra Port
Agency reports indicate that the cargo handling at the Dhamra Port in Odisha doubled during 2012-13 to 10 million tonne (mn t) from over 5 mn t in the previous year. Between April 1, 2012 and March 5, 2013, the port handled 10 mn t cargo. During this period, the port handled over 8 mn t of import cargo -- the highest by any Indian port in only the second year of its operations, repo
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First foreign container vessel arrives at Beypore
The arrival of the first foreign container vessel at Beypore port bolstered the confidence of cargo dealers and stakeholders, said Abraham V Kuriakose, port officer. A container vessel, MV Karuthal of Trans Asia, with 1,600 metric tonne capacity arrived at the port recently on its way to Kochi from Jebel
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Ministry’s move may instill confidence
Industry observers feel that the recent policy steps taken by the union shipping ministry may instill confidence among investors and thereby improve the pace of port project execution. A key step taken by the ministry is to allow terminal operators at major ports in the country to fix market-linked tariffs for projects coming up after April