Lesser allocation of mines to steel, cement and captive power plants in the coal blocks auction may increase their dependence on costlier imported fuel, says rating agency ICRA.
Author: admin (Infratructure Today)
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RIL, BP to invest Rs.6,000 cr to improve gas recovery
Reliance Industries and its partner BP plc of UK will invest about Rs 6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore KG-D6 block.
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GAIL to supply feedstock
Gail India Limited has clarified there was no plan to shut down its LPG recovery plant at Lakwa in Assam but would convert it to supply feedstock for the petrochemical unit of Brahmaputra Cracker and Polymer Limited (BCPL) being set up at Lepetkata in Dibrugarh district.
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Reliance beats IOC in race to supply diesel to Railways
Public sector oil retailer Indian Oil Corporation has lost to Reliance Industries Ltd the contract for supplying diesel to the Indian Railways.
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Global gas prices converge
Global benchmark prices for natural gas have converged to their closest in five years, a trajectory created by a supply glut and an oil rout. That spells trouble for US and Australian projects coming online this year.
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Alstom bags 65 mn euro contracts from DMRC
Alstom has been awarded two contracts worth over 65 million euro (over Rs 465 crore) from Delhi Metro Rail Corporation to supply signalling, telecom and electrification solutions for the new Kochi Metro line.
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Crompton Greaves bags $26 million contract
Crompton Greaves, an Avantha group company, has bagged a $26 million contract from Indonesia for supplying power equipment.
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L&T wins Saudi Aramco order
L&T Construction, through its fully owned subsidiary L&T Saudi Arabia LLC, has bagged an engineering, procurement and construction order from the Saudi Arabian Oil Company (Saudi Aramco).
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Goyal pledges entire 51% stake in Jet
Jet Airways promoter and Chairman Naresh Goyal has pledged his entire 51 per cent shareholding in the carrier, valued at about Rs 2,600 crore, to State-run Punjab National Bank (PNB).
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Fadnavis urges industrialists to invest in Vidarbha
Maharashtra Chief Minister Devendra Fadnavis has urged industrialists to invest in the Vidarbha region of the State and assured them of his government´s commitment to remove all blockades.