ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is seeking $537 million worth of crude oil in lieu of cash due for its share of sales from a Venezuelan oilfield. OVL owns 40 per cent of the San Cristobal field and had invested about $190 million in the project in 2008.
Author: admin (Infratructure Today)
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JSW Energy-Jaiprakash deal for 500 MW plant gets CCI nod
The Competition Commission has approved Sajjan Jindal-promoted JSW Energy’s purchase of the 500 MW Bina thermal power plant from Jaiprakash Power Ventures. Under the deal, announced in July, JSW Energy will buy 100 per cent stake in the special purpose vehicle (SPV) — Bina Power Supply Ltd (BPSL) — to which the 500 MW power plant is to be transferred.
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States to get Central support for free power scheme
The Centre will extend financial support to states to enable them to offer new electricity connections free of cost to everyone.
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States to get Central support for free power scheme
The Centre will extend financial support to states to enable them to offer new electricity connections free of cost to everyone.
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Gadkari lays foundation stones for 12 National Highway projects
Punjab witnessed a major step towards world class road connectivity in all major cities as Union Minister for Road Transport, Highways & Shipping Nitin Gadkari laid the foundation stones of 12 major National Highway projects worth Rs 10,596.19 crore at Ropar, Samrala and Jalandhar in the state.
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PwC consortium will be transaction advisors for Dholera airport
PricewaterhouseCoopers Pvt Ltd, in consortium with Airport Planners and Design Consulting Pvt Ltd, and SPA Legal, has been roped in by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as transaction advisors for the greenfield Dholera airport in Gujarat, according to a report in the Business Standard.
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Auto manufacturing will be main driver of ‘Make in India’ initiative
Girish Shankar, Secretary, Ministry of Heavy Industries and Public Enterprises has said that the Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26.
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Ministry of Water Resources signs MoU for speedy implementation of Namami Gange
The Ministry of Water Resources, River Development and Ganga Rejuvenation (MoWR, RD & GR) has signed an MoU in New Delhi with the Ministry of Agriculture and Farmers Welfare (MoA & FW) for speedy implementation of the Namami Gange programme.
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Cabinet approves creation of GST Council
Create one post of Additional Secretary to the GST Council in the GST Council Secretariat (at the level of Additional Secretary to the Government of India), and four posts of Commissioner in the GST Council Secretariat (at the level of Joint Secretary to the Government of India).
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NTPC posts record output of 866.47 million units in a day
NTPC has recorded its highest-ever power generation capacity 866.47 million units in a day from sources like coal, solar, gas and hydro.