Sudan has offered ONGC Videsh Ltd three more oil and gas blocks for exploration and production and invited Indian firms to set up a coastal refinery to boost fuel supplies to the African continent.
Author: admin (Infratructure Today)
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MNRE to approach FinMin to raise Rs.10,000 crore via tax free bonds
Ahead of the Budget, the Ministry of New and Renewable Energy is planning to approach Finance Ministry to seek its permission for raising Rs.10,000 crore through issuance of tax free bonds in order to fund the clean energy projects in the country.
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Odisha wants review of MoU with IOCL
Fearing national loss of revenue due to tax concessions given to Paradip refinery of Indian Oil Corporation (IOCL), the Odisha Government has sought review of the MoU with the company.
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Cabinet clears VGF for 5,000 MW solar projects
In the wake of falling solar tariffs and increasing capacity addition, the Union Cabinet approved setting up 5,000 MW of grid-connected solar photovoltaic power projects on a build, own and operate basis.
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Turbulence in the wind sector
The Indian wind industry, already not in a particularly good shape owing to a variety of reasons, is busy trying to ward off two potential threats - GST and safeguard duty on imported steel plates.
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Maharashtra govt to unveil off-grid policy
Maharashtra government will soon bring in an off-grid energy policy to promote rooftop solar power generation and provide subsidy to cooperative housing societies and government buildings to encourage electricity generation through the non-conventional method.
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Low solar radiation intensity in state hits power output
Tamil Nadu Generation and Distribution Corporation (Tangedco) has so far commissioned projects generating 418.9 MW of solar power after signing MoUs with several companies to generate 1200 MW.
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Reliance Infrastructure Q3 net up 2 per cent at Rs.463 cr
Reliance Infrastructure´s consolidated net profit increased by mere 2 per cent to Rs.463 crore for the quarter ended December 31, 2015 against Rs.452 crore in Q3 FY15. The company´s cement business and Mumbai Metro continue to incur loss at Rs.44 crore and Rs.49 crore respectively.
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Punj Lloyd gains on winning pipeline contract in Turkey
Shares of Punj Lloyd were up over 6 per cent at Rs.25.55 on the BSE after the company said it has won the 459km of the 48-inch diameter Trans Anatolian Natural Gas Pipeline (TANAP) in Turkey worth Rs.2,780 crore (US$ 409 million) in joint venture with Limak (50-50) share.
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APM Terminals Pipavav announces Q3FY16 results
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), operating one of western India´s gateway ports, today reported its financial numbers for the quarter ended 31st December 2015.