State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs.34,000 crore ($5 billion) long-delayed investment plan to develop its KG Basin fields. This will help boost ONGC's oil and gas output by a fifth in about four years.
Author: admin (Infratructure Today)
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Coal India to get anti-theft technology by end April
Coal India's measures to prevent theft by electronically 'fencing' mining areas and fitting trucks with a GPS-based tracking system will be finished by the end of April, a government official said.
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Panel to review Odisha-IOC pact
The Odisha Government said a committee has been set up under the Chairmanship of the Secretary of Petroleum and Natural Gas Ministry to review its agreement with Indian Oil Corporation.
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Model code may delay mine allotment
Before kicking off the process of allotting coal mines to States and Central public sector units for commercial mining, the Ministry of Coal is assessing whether the procedure conforms to the model code of conduct of the Election Commission.
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Coal India asked to conduct long-term hydrology study
State-run Coal India (CIL) has been asked by the Expert Appraisal Committee (EAC) to urgently conduct a long-term hydrology study of all rivers/river basins where the company has planned more than one mining project.
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The need for speed
India is the third largest pre-engineered building (PEB) market in the world after the US and China. With a market size of about half a million metric tonne and a growth rate of 8-10 per cent, according to industry estimates, however, the growth hasn't been a pervasive one.
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L&T Infa Debt Fund to raise up to Rs.2,750 crore via bonds
With more leeway to fund projects and tax exemptions, L&T Infra Debt Fund (IDF), L&T Finance group's infrastructure refinancing arm, plans to raise up to Rs.2,750 crore through debentures.
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Reliance Infra to de-merge REGSPL for Rs.6,282.50 crore
Reliance Infrastructure has announced the de-merger of certain power generation and supply businesses in Mumbai, Goa and Andhra Pradesh into a subsidiary for a consideration of Rs.6,282.50 crore.
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JICA, IIFCL ink pact to finance PPP
Japan International Cooperation Agency (JICA) has inked a pact with India Infrastructure Finance Company Limited (IIFCL) to provide 50 billion Japanese yen (about Rs.2,866 crore) of official development assistance (ODA) for implementation of infrastructure projects in PPP.
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Fairfax buys 33 per cent in Bengaluru Airport
Prem Watsa-backed Fairfax has bought a 33 per cent stake in Bangalore International Airport for Rs.2,149 crore from GVK Power and Infrastructure, which is selling assets to pare debt. Canadian billionaire Watsa controls travel operator Thomas Cook and will become the largest shareholder in BIAL, India's first newly built PPP international airport.