Eight more railway over bridges (ROBs) have been planned in Punjab by the State government. The bridges are to come up in the critical areas of the state that would improve the road connectivity major cities and towns substantially.
Author: admin (Infratructure Today)
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Ministry may miss 9,500 km road project target
Agency reports suggest that the union road ministry may not be able to award 9,500 km of projects, as was targeted, by the end of 2012-13 because several reasons like delays in environment clearances. Between Apr-Dec 2012, the ministry could award contracts for only 1,100 km of road projects. The main fact
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NHAI open to out of court settlement with green min
Reports suggest that National Highways Authority of India (NHAI) is open for an out-of-court settlement on the issue of de-linking environment clearances from forest if the environment ministry agrees. In a petition filed at the Supreme Court, NHAI called for delinking of environment approval from forest clearance to hasten highway development
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SC panel assesses quantity of ore in dumps
The Supreme Court-appointed monitoring committee is estimating the quantity of iron ore available at the dumps in the three mineral-rich districts of Bellary, Chitradurga and Tumkur in Karnataka. After assessing the quantity of ore available at these dumps, the committee plans to sell it via e-auction so that steel firms, who face shortage of iron ore, can bene
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Rise in GRM helps Essar Oil post profit
Thanks to a rise in gross refining margins (GRM), Essar Oil announced a profit of Rs 32 crore during Oct-Dec 2012 compared to a loss of Rs 3,986 crore in the year-ago period. During Oct-Dec, the firm reported an almost four-fold rise in the GRM to $ 9.75 per barrel compared to $2.82 per barrel in the year ago quarter. The company achi
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ONGC plans Rs 868 bn investment in 5 yrs
Sudhir Vasudeva, Chairman and Managing Director of state-run oil explorer informed that the firm plans to invest about Rs 86,862 crore on 44 mega projects during 2012-17. He also said that the planned capacity addition of the firm's Mangalore Refinery and Petrochemicals will come about in the present Plan period
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GDNL allowed to acquire stake in Gujarat Gas
GSPC Distribution Networks (GDNL) is allowed to acquire 65.12 per cent stake in Gujarat Gas Company by the Competition Commission of India (CCI). The commission approved the acquisition because it feels that the deal may not have any adverse impact on competition in the natural gas distribution market
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GGC raises prices of products
With effect from January 16, the price of CNG was raised from Rs 50.20 per kg to Rs 56.90 per kg by GSPC Gas Company (GGC). GGC, which is a subsidiary of the state-run Gujarat State Petroleum Corporation (GSPC), also hiked prices of piped cooking gas from Rs 18.18 to Rs 21.50 (Rs 24.73 with
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OMCs raise petrol price
State-run Oil Marketing Companies (OMCs) hiked the price of petrol by about 35 paise per litre noting the rise in raw material cost. Reports suggest that, the price of petrol would cost Rs 67.56 per litre in Delhi following the price hike. Prices vary from city to city due to differential local sales tax or VAT rates
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Experts urge oil firms to step up production
Experts and industry observers urge oil and gas companies to accelerate engineering and production activities in order to bridge the demand-supply gap in crude oil. The country depends on import for over 70 percent of its crude oil requirement and this puts huge pressure on India's import bill