Bulk diesel users across different states are crying fowl over the government's move to allow oil marketing companies (OMCs) to charge market prices for these consumers. In order to reduce the fuel subsidy burden, the central government recently allowed OMCs charge mark
Author: admin (Infratructure Today)
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OMCs deny cartelisation in oil industry
State-run Oil Marketing Companies (OMCs) deny the allegation that they form cartel while changing petrol or diesel prices. Competition Commission of India (CCI) is studying the allegation and is expected to come out with its obse
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TN govt urges centre to withdraw dual pricing of diesel
In a recent letter to the Prime Minister, the Tamil Nadu Chief Minister J Jayalalithaa asked the centre to withdraw the decision on dual pricing of diesel, which she terms as "ill-conceived, ill-timed". Jayalalithaa warned in the letter that if the centre does not hear the stateĆās request, the state government has no other option, but to approach the Supreme Court for
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TN announces new system for road projects
In Tamil Nadu, the State government has announced a new 'Performance Based Maintenance Contract', which would be awarded on long-term basis.
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Delhi Airport Metro Express runs again after 6 months
After a gap of six months, Reliance Infrastructure-run Delhi Airport Metro Express was back on track on January 22, bringing smiles on the faces of commuters looking for seamless travel to the airport. Commercial operations of the 23-km corridor that connects Connaught Place with Terminal-3 of the Indira Gandhi International Airport resumed at 5.30 am and passengers were charged a flat rate of Rs 30 as an inaugural day offer.
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Paradip ore terminal project faces inordinate delay
The proposed iron ore terminal project at Paradip Port Trust (PPT) is facing inordinate delay because of lack of environment and forest clearances, and court cases over relocation of iron ore plots. Blue Water Iron Ore Terminal, a special purpose vehicle floated by the Hong Kong-based Noble Group, in partnership with Gammon Infrastructure Projects and MMT
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Ministry works on coal bed methane policy
Union Minister for Petroleum and Natural Gas Veerappa Moily informed reporters that his ministry is in the process of revising the coal-bed methane policy introduced in 1997 in order to suit present conditions. He said the ministry would discuss with the coal ministry in this regard. Meanwhile, Moily said his ministry would be putting befo
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RBI expected to reduce policy rate
Majority of economists and financial market observers expect Reserve Bank of India (RBI) to cut policy repo rate by 25 basis points on January 29 to 7.75 percent. The decline in inflation gauge based on wholesale price index (WPI) and the government's resolve to reduce fiscal deficit increased expectation that the central bank would redu
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Adani Ports and SEZ Ltd: Q3 Financial Results
Adani Ports & SEZ Ltd, India's largest private port developer and part of Adani Group, today said its total income rose 35% to Rs.2,533 crore for the nine months ended December 31, 2012 compared to Rs.1,870 crore in the corresponding nine months of previous year.
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NHAI blamed for encouraging irresponsible bids
One of the reasons for companies like GMR and GVK walked out of big-ticket road projects is that the companies are over-leveraged, said Gajendra Haldea, Infrastructure Advisor to Planning Commission Deputy chairperson Montek Singh Ahluwalia. The bureaucrat's statement comes in days after infrastructure majors GMR and GVK walked out of road projects.