Royal Bank of Scotland (RBS) is in the early stage of discussion with private sector lender YES Bank to sell its India retail assets. The India retail and commercial operations accounted for less than 0.5 per cent of RBS' non-core asse
Author: admin (Infratructure Today)
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Odisha govt puts condition on raw material supply
Reports suggest that Odisha government has made some reservation in maintaining its commitment to supply raw material to steel projects, the memoranda of understanding (MoU) for which are already signed. In the case of existing MoUs, the government may not retain any clause committing grant of or recommendation for grant of Mineral Concession, a guid
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Steel sector witnesses subdued growth in consumption
Data from the union steel ministry shows that consumption of finished steel in the country rose a mere 3.9 per cent to 54.8 million tonne (mn t) in Apr-Dec 2012 from 52.7 mn t in the year-ago period. Industry watchers attribute the muted growth in steel consumption to the subdued demand from the end-use
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RIL produces 22.04 mmscmd gas from KG-D6
A report from the Directorate General of Hydrocarbon (DGH) shows that natural gas output from Reliance Industries' KG-D6 field stood at 22.04 million standard cubic meters per day in the week ended December 30, 2012. The output belongs to Dhirubhai-1 and 3 gas fields and MA oil and gas field in the KG-DWN-98/3 or KG-D6 bloc
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Govt launches portability scheme for LPG consumers
Petroleum and Natural Gas Minister M Veerappa Moily informed reporters that the government recently launched a pilot project of portability for LPG connections in Chandigarh. The project is aimed at enabling the customer, who is not satisfied with his present distributor, to shift his connection to another dealer. In 2013-14, the three state-run fuel retailers Ćā IOC, BPCL
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Authorities to set up LPG outlets in rural areas
A Pandian, who is the State-level Coordinator, Oil Industry, Kerala and Lakshadweep informed that by the end of the year, authorities would issue Letters of Intent for setting up rural LPG outlets. In order to promote penetration of LPG cover into Ćālow potential or rural areas, government introduced the rural LPG outlet scheme, known as the Rajiv Gandhi Gramin LPG Vitaratk (RGGLV) in
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Chennai port wants govt to restore security nod for APSEZ
Chennai Port wants the government to revoke the cancellation of security clearance for Adani Ports and Special Economic Zone (APSEZ) to participate in the port's proposed Rs 3,686 crore container terminal project. Chennai Port plans to build a container terminal than can load 4 million standard containers a year when fully oper
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MPT awards Rs 3 bn project to Gammon Infra
Mormugao Port Trust (MPT) and Gammon Infrastructure finalised a 30-year concession agreement that gives the company the right to construct and operate a coal handling terminal at the port. Gammon would built the terminal at a total estimated cost of Rs 300 crore with a capacity of 2.33 million tonne per annum. Mormugao Port selected Gammon for the project as the latter offered a revenue share of 33.66 percent. JSW, whic
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Cargo volume at Mumbai Port rises 9%
During Apr-Dec 2012, Mumbai Port Trust handled 44 million tonne cargo compared to 40.2 million tonne in the year-ago period, which is a growth of 9 percent, the port authority said in a statement. Cargo handled during December increased to 5.2 million tonne from 4.6 million tonne for the same month in 2011. During Apr-Dec 2012, the port handled 45,776 Twenty Foot Equivalent Units (TEU) of container cargo, which is sam
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India Ratings suspends rating for Pratibha Shipping
The ratings of Pratibha Shipping was suspended by India Ratings as the former failed to provide adequate information on its current debt repayment and status of operations of its various vessels. In the absence of these information, the rating agency is unable to make an assessment of the com