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Author: admin (Infratructure Today)

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Govt okays Rs.5,085 crore in oil subsidy

Govt okays Rs.5,085 crore in oil subsidy

The government has sanctioned Rs 5,085 crore in oil subsidy for the December quarter, less than one-third of the revenue lost on LPG and kerosene sales. A total of Rs 15,981 crore in revenue was lost by fuel retailers on selling public distribution systems (PDS) kerosene and domestic LPG at government-controlled rates in October-December.

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´Ease rules for TAPI project´

´Ease rules for TAPI project´

With the construction of the $10 billion TAPI pipeline stuck for want of a credible operator, India has pressed Turkmenistan to relax its domestic law to help get an international firm for building the project.

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Centre seeks more share in extended production contract

Centre seeks more share in extended production contract

The Oil Ministry proposes to raise the government´s share by 5 per cent and insist on explorers accepting Delhi as the seat of any future arbitration, irrespective of any other provision in the agreement, for granting extension to production sharing contracts for small and marginal fields.

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Tata Power SED to invest Rs.500 crore

Tata Power SED to invest Rs.500 crore

Tata Power´s defence engineering unit, Tata Power Strategic Engineering Division (SED), is investing around Rs 500 crore in Vemagal, Kolar district, Karnataka. It is planning to set up a manufacturing plant dedicated to the defence sector. The new plant, which is expected to come up in 50 acres of land, will be the company´s largest manufacturing unit set-up in the country.´