Union cabinet cleared the proposal to inject Rs 12,517 crore capital into about ten state-run banks during 2012-13. The recapitalisation will help banks maintain their Tier-I capital at a comfortable level, and hence remain compliant with the stricter capital adequacy norms unde
Author: admin (Infratructure Today)
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GAIL commissions 5 mn t LNG terminal
BC Tripathi, Chairman of Gail India informed that it has commissioned the 5 million tonne capacity liquefied natural gas (LNG) terminal at Dabhol facility in Maharashtra. He also informed that the firm plans to double its capacity by 2016 in a phased manner. Initially, the firm wou
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AP seeks single window clearance for port projects
Andhra Pradesh minister for ports Ganta Srinivasa Rao urged the centre to provide a single window clearance from the ministry of environment and forests for port expansion projects. He said this during the 14th Maritime State Development Council (MSDC) meeting in Mumbai. During the meeting, Rao called for relaxing the condition that a port has to go for public hearing for
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Navi Mumbai SEZ to denotify land for IT park, township
For Navi Mumbai Special Economic Zone (NMSEZ), plan is getting ready to denotify 2,140-hectares SEZ land and develop the same as an IT park and an integrated township which would include residential complexes, shopping malls, multiplexes, hotels, schools, colleges and hospitals. The NMSEZ co-promoters are: Reliance Industries (RIL) Chairman Mukesh Ambani and his close associate Anand Jain.
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Air India concerned over FDI in aviation
Indian State-owned Air India has warned the Union government that allowing investments by foreign airlines will hurt the interests of domestic airlines and prevent Indian airports from developing into international hubs. The government should study the potential impact of such investment on the domestic aviation sector as a whole, Chairman and Managing Director (CMD) Rohit Nandan wrote in a letter to Aviation Secretary KN Srivastava in December, sources said.
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Ministry to exempt new projects from TAMP norms
Shipping ministry decided to exempt the regulation of the fixation of tariffs by the Tamp (Tariff Authority for Major Ports) for new port projects. However, the decision to abolish the tariff setting regulator's oversight is "in principle", the ministry said. The move would enable private players to take deci
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Ministry to exempt new projects from TAMP norms
Shipping ministry decided to exempt the regulation of the fixation of tariffs by the Tamp (Tariff Authority for Major Ports) for new port projects. However, the decision to abolish the tariff setting regulator's oversight is "in principle", the ministry said. The move would enable private players to take deci
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Contract opportunities in exploration segement
Exploration and production segment in oil and gas sector holds tremendous business potential in India given the rising demand for crude oil and natural gas in the country. According to one estimate, oil consumption in the country may expand 4-5 percent per annum to 2015, indicating a demand of 4.01 million barrels per day by 2015 from the present level of around 3 mn barrels per day.
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Contract opportunities in LPG sector
According to a government report, India is the fourth largest consumer of liquid petroleum gas (LPG) in the world after USA, China and Japan and the consumption grows steadily at 8 percent per annum. It is the third largest consumer of LPG in domestic sector in the world after China and the USA. Domestic sector is the major market of LPG in the country.
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India to have world’s most extensive road network
India will soon have one of the world's most extensive National Highway networks through various phases of the National Highways Development Project. The projects were being financed largely through user fees from toll collection points on these improved highways, Union Minister of State for Road Transport and Highways Sarvey Sathyanarayana said in Coimbatore on January 8.