Oil India (OIL) has set its eyes on the Cauvery Basin to start its first offshore exploration activity as an operator under the NELP regime.
Author: admin (Infratructure Today)
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Work on Chennai airport revamp begins
The work on Chennai airport expansion has begun. The domestic terminal will be spread over 76,000 sq m and the international terminal about 68,000 sq m.
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Centre approves 660 Mw Kishau dam hydro project
The proposed 660 MW Kishau dam hydro-electric and irrigation project to be built jointly by Himachal Pradesh and Uttrakhand was approved by the Centre.
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Credit to infra industry up 67% of incremental lending
The Reserve Bank of India (RBI)’s says that bank credit to industry has increased 11.7 per cent this fiscal year, as much as two-thirds of that increase is on account of lending to infrastructure.
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DVC likely to mop up Rs 640 cr thru bond issue
Damodar Valley Corporation (DVC) will enter the domestic debt market with a seven-year bond issue to mop up Rs 640 crore through book building method to part fund a number of generation and transmission and distribution projects.
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11 projects under one roof
Reliance Infrastructure (RInfra) is in the process of consolidating its road projects assets, which involve an investment of Rs 12,000 crores, into a holding company to pave way for a potential IPO or private equity investment in the future.
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ONGC to connect Agartala with B'desh port
The Oil and Natural Gas Corporation (ONGC) is building a Rs 25 crore 50 km road from Ashuganj river port in Bangladesh to Agartala and will also develop the port.
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Four new berths at Kandla
Kandla Port has identified Ras Infraport, Sical Logistics, IMC and PSL for its Rs 755 crore project to develop new berths on build-operate-transfer basis.
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Dhamra to be a pioneer
Dhamra port will be the first to implement the relevant provisions of the newly introduced Railway Initiatives for Infrastructure Investments.
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BSNL 3G services in Kerala
Bharat Sanchar Nigam (BSNL) has rolled out its 3G services in Kerala in about 21 cities.