Government´s efforts are paying off as India has become the highest FDI destination for greenfield projects, Finance Minister Arun Jaitley said in late September. ´Satisfying, our efforts are paying off. India becomes the highest FDI destination for greenfield projects,´ Jaitley tweeted.
Author: admin (Infratructure Today)
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MSTC issues dividend; declares bonus
The Union Minister of Steel & Mines Narendra Singh Tomar was handed over the dividend cheque for the financial year 2014-15 for an amount of Rs 16.37 crore by SK Tripathi, CMD, MSTC.
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India signs loan agreement with ADB
The Government of India has signed a loan with Asian Development Bank (ADB) for $123.51 million for the third tranche of the Infrastructure Development Investment Programme for Tourism. This is for upgrades to tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh.
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Shell bets big on India with its second LNG terminal
Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, is targeting to grab a bigger share of the growing demand for imported gas in India.
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Sri Lanka oil hub talks gather momentum
India plans to set up its first overseas petroleum hub, along with a refinery and power plant, in Sri Lanka. The move could spur Indian investment in the island nation. A delegation of oil and power ministry officials and representatives of Indian Oil Corporation
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ONGC tender flooded with offers
State-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
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IndianOil targets full automation
IndianOil is on a programme to ensure all its outlets in the country are fully automated in five years. IOC has about 25,000 petrol pumps of which 8,800 are automated. Declaring its 53 petrol pumps in Coimbatore
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MSRTC files pliant against HPCL, BPCL, IOC
The Maharastra State Road Transport Corporation (MSRTC) has complained to state Legal Metrology Department (LMD), accusing HPCL, BPCL and IOC of ´short delivery´. Chief Vigilance Officer (CVO) of MSRTC Vineet Agrawal said a complaint was lodged with LMD on September 19.
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Govt slashes natural gas price by 16%
The government, at end September, cut natural gas prices by 16 per cent to $4.24 per unit for the six month period, beginning October 1. The price cut is the second reduction in rates ever, the first being on April 1.
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Refiners to pay 1st tranche of $700 mn to Iran
India is to pay Iran $700 million to clear one-tenth of oil dues in the last week of September, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.