GSPL India Transco Ltd (GITL), a subsidiary of Gujarat State Petronet Ltd (GSPL), has signed a Gas Transportation Agreement (GTA) with Ramagundam Fertilizers & Chemicals Ltd (RFCL) to supply 2 MMSCMD of natural gas for a period of 20 years.
Author: admin (Infratructure Today)
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ONGC, HPCL may sell stake in MRPL
State-owned ONGC and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) to comply with regulations on minimum public holding.
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India, US sign bilateral agreement for hydrocarbon
The Indian government has signed a three-point bilateral agreement with the US government aiming to harness new technologies in the hydrocarbon sector. The agreement was signed between Oil Minister Dharmendra Pradhan and US Secretary of Energy Dr Ernest Moniz in Washington.
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Rs.2,237-cr revenue generated from 74 coal mines
Revenue of around Rs.2,237 crore has already been generated till May-end from the allocation of 74 coal mines, Coal and Power Minister Piyush Goyal said in a reply to Rajya Sabha. The estimated revenue from the e-auction of 31 coal mines is Rs.1,96,689 crore, he added.
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AAI makes a profit of Rs.2,537.36 crore
National airports operator Airports Authority of India (AAI) has enhanced its net profit to Rs.2,537.36 crore in the last fiscal as against a profit-after tax of Rs.1,959.22 crore in FY 15, Minister of State for Civil Aviation Jayant Sinha informed Parliament.
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GWMC allocates Rs.100 cr for Smart City Mission
The Greater Warangal Municipal Corporation (GWMC) has allocated Rs.100 cr as its share for the Central GovernmentĆĀ“s Smart City Mission (SCM). The amount has been allocated from the special grant of Rs.300 crore to be allocated for Warangal every year for the next three years.
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Leh airport to get new terminal for Rs.200 cr
A new terminal will be constructed at Leh airport with an investment of around Rs.200 crore which will increase the passenger handling capacity. With the new terminal, the peak hour passenger capacity is expected to go up to 800 from current level of 250.
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Brookfield to buy out RInfraĆĀ“ road assets
Brookfield, the worldĆĀ“s second biggest manager of alternative assets like real estate and private equity from Canada, has emerged as the frontrunner to take over the entire portfolio of 11 road projects of Reliance Infrastructure for an enterprise value of Rs.8,000 crore.
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Rs.300 cr more for civic infrastructure work in Chennai
The Tamil Nadu govern-ĆĀ”ment has allocated Rs.300 crore towards the Chennai Mega City Development Mission (CMCDM) in the revised budget estimate presented in the assembly. This is in addition to the Rs.500 crore already pledged in the 2016-17 interim budget in February.
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IMC gets Rs.248 cr for Smart City project
Indore Municipal Corporation (IMC) has received an amount of Rs.248 crore, so far, from Central and state governments under Smart City project, whereas it has contributed Rs.200 crore from its side to the project this fiscal.