In a recent research note, Moody's Investors Service said that it views the partial de-regulation of diesel prices as a positive step for BPCL and IOC towards recovering the Rs 9.6 per litre loss they incur on the sale of diesel. Moody's Investors Service, which is a division of ratings agency Moody's, expects the credit metrics of BPCL and IOC to improve as diesel prices
Author: admin (Infratructure Today)
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IGL provided 87,000 PNG connections in NCR
Media reports suggest that Indraprastha Gas (IGL) provided 87,000 piped natural gas (PNG) connections in the national capital region (NCR) during 2011-12. Of this, nearly 55,000 were in Delhi. It is the largest number of connections IGL provided in a year, reports quoted a spokesperson of the firm as saying. IGL, which distributes natural gas in the city, started operations in 1999 but has only around three lakh
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Oil ministry prefers amicable settlement of dispute
According to media reports, the union petroleum ministry prefers to weed out contentious issues with Reliance Industries (RIL) through negotiations rather than through legal means. It may be recalled that both the ministry and the company are locked in a dispute over recovering cost of developing KG-D6 basin from the revenue. RIL resorted to ar
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KSIE sets up container freight station
Kerala State Industrial Enterprises (KSIE) set up Cochin International Container Freight Station (CICFS) in order to attract business at Vallarpadam International Container Transshipment Terminal. The state Industries Minister PK Kunhalikutty recently inaugurated the freight station in Kalamassery
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Urbanisation policy on the anvil in West Bengal
Real estate industry in West Bengal is keenly awaiting the release of the proposed urbanisation policy in the state. The industry hopes that the upcoming urbanization policy would solve the problems surrounding land issues in West Bengal
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AP’s wind power potential assessed at 88k mw
In Andhra Pradesh, the wind power potential is assessed to be at least 88,000 mw from wastelands. Furthermore, there is a potential of around 12,000 mw if 5 per cent of the stateĆās agricultural lands suitable for wind power were used.
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Gurgaon civic body to decide on uniform road signage
The authorities have at last woken up to the grim fact that the Gurgaon streets, not to mention the landmarks, lack proper signage system. With hardly any signboards anywhere in Gurgaon, visitors and residents have a tough time in negotiating their way. This reality is likely to change soon with the district heads coming together and deciding to form a committee to fix a uniform signage format for all important roads and government buildings in the city.
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Envionment ministry sits on 307 road projects
According to union road ministry, till October 2012 a total of 307 road projects are pending for environmental and forest clearances. This also includes cases with the Border Roads Organization (BRO), sources from the Union Road Transport Ministry (RTM) said. It is learnt that these projects are mainly for widening existing carriageways in order to augment capa
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Blore Mayor asks contractor to speed up road work
Bangalore Mayor DV Venkatesh Murthy has warned the contractor of road work of Mysore Road that if he does not finish the work by April 30, the work will be transferred to Karnataka Rural Infrastructure Development Limited (KRIDL). Also, the contractor would be banned from taking up projects for two years
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DMRC to build subway at Pankha Road in Delhi
To make it easier for passengers to reach the Dabri Mor Metro station, Delhi, the Delhi Metro Rail Corporation (DMRC) has decided to construct a subway across the busy Pankha Road in west Delhi, say media reports.