There is tremendous scope for contract opportunities in coal material handling equipments because of rising demand for coal. The Planning Commission expects the country's coal demand to rise to 1,000 million tonne (mn t) by 2016-17. Following are some contract opportunities coal handling equipments.
Author: admin (Infratructure Today)
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Nalco mulls 1 mn t refinery in Gujarat
Aluminium major Nalco plans to set up a 1 million tonne per annum capacity alumina refinery in Gujarat at an investment of Rs 4,500 crore. The company is in the process of preparing a Detailed Project Report (DPR) for this purpose.
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Contract opportunities in crude oil transportation
Indian economy is expected to grow at a higher rate of 6.7 percent in 2013-14 compared to the expectation of around 5.4 percent growth in 2012-13. Rise in economic growth leads to higher demand for crude oil. Consequently, there is good prospect for contracts in crude oil transportation business. Following are some of the contract opportunities in the sector.
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ONGC aims to double output by 2030
Under its ''Perspective Plan 2030'', Oil And Natural Gas Corporation aims to double its oil and gas production by 2030; with nearly 46 per cent contribution expected to come from overseas assets, Sudhir Vasudeva, Chairman of the firm said earlier. The plan maps the long-term growth model of ONGC as an energy major.
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Gujarat govt to set up IFSC in GIFT City
Gujarat government plans to set up an international financial services centre (IFSC) under Sections 18 and 55 of the SEZ Act on more than 268 acre land at the Gujarat International Financial Tec-City (GIFT City). The state government is awaiting the due-diligence approval of the ministries of commerce and finance for the IFSC. The IFSC would see financial transactions excl
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ONGC gets poor response for CBM block sale
Bids invited by state-run oil explorer Oil and Natural Gas Corporation (ONGC) for picking up its stake in four coal-bed methane (CBM) blocks did not receive strong response. ONGC is said to have received bids from only three firms for the blocks. These firms are UK-listed Great Easte
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KoPT evaluates bids for cargo handling contracts
Reports suggest that Kolkata Port Trust (KoPT) is evaluating the applications submitted by three bidders for the mechanised dry bulk cargo operations at berths 2 and 8 at the Haldia port. The three bidders are TM International Logistics (TMILL), Boxtrans Logistics (India) Services, and a consortium of Singapore-based Ocean Connection and Seap
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IRENA unveils roadmap to double renewables by 2030
According to a new global roadmap launched at the International Renewable Energy Agency (IRENA) Assembly in Abu Dhabi, international efforts are going to double the share of renewable energy by 2030. But efforts are needed to accelerate substantially if they are to be successful, IRENA said.
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NHBF seeks prior approval for highway projects
In a letter to NHAI, the National Highways Builders Federation (NHBF) recommended that highway projects should not be called for bids before securing requisite clearances, for land acquisition, environment, forest and wildlife. NHBF is a lobby body for highway developers and the letter is also addressed to the Highway Ministry and Finance Ministry on
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GVK terminates pact for highway project
GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the highway project in Madhya Pradesh was in line with clause 34.8 of the conc