According to a research note by Macquarie Research, the hike in the natural gas price could boost India's recoverable gas reserves manifold. The note quoted global consultants IHS-CERA to say that the nation's producible gas resources will rise to 80 Tcf at $8 gas price. Meanwhile, union petroleum Minister M Veerappa Moily said over 3 Tcf of gas discoveries are lying to be exploited. These have not been declared commercial by our
Author: admin (Infratructure Today)
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Price of Indian basket of crude oil rises
On June 25, the international crude oil price of Indian basket rose to $99.96 per barrel (bbl) from $98.23 per bbl prevailing on the previous trading day of June 24. The price is computed or published by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas. The Indian Basket crude oil price had fallen to 98.23 per bbl on June 24 from $100.10 per bbl on June 21 (the earl
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Chennai port may restructure terminal project
According to source-based information, the board of trustees of the Chennai Port decided to restructure the Rs 3,686 crore container terminal project as it failed to attract bidders for the project in the current form. The port planned to invest Rs 561 crore on the project and attract the remaining Rs 3,125 crore investment from private sector. The port trust shortlisted seven bidders for the proposed terminal with a capacity to load 4 million stan
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Study shows bright prospect for proposed port
A study released by the Trivandrum development front (TDF) shows bright prospects for the proposed Vizhinjam international seaport project in Kerala. TDF recently released a comprehensive site analysis and prospects of Vizhinjam port based on the environment impact assessment report and master plan. The study pointed out that the port, when operational, will b
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Slew of projects delayed in Kolkata port
Industry observers raise concern about delay in the slew of port projects proposed in the Kolkata port. For the last 10 years, authorities have been proposing to set up cargo handling facilities at Sagar Island closer to sea. Initially, they proposed to set up a deep-sea port on the line of a similar port near Shanghai. The advocates of such a project took some time to reali
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Sanghi to buy jetties/terminals at Rs 275 cr in Kutch
Sanghi Industries plans to invest Rs 275 crore in the next 18 months on upgrading logistics and removing bottlenecks at its Kutch plant. The move is part of its effort to be debt-free in two to three years. Alok Sanghi, Director, said the company will invest Rs 150 crore on acquiring ships and setting up new jetties/terminals. Rs 125 crore will be spent on removing bottlenecks.
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Cabinet takes steps to expedite highway projects
In a move that may expedite implementation of highway projects in the country, the union cabinet waived environmental approval for highway projects up to 100 km in length. The government so far waives green nod for highway construction up to 30 km. This has led to huge delay in the implementation of several projects. Following the relaxation of norms, at least 70 percent of projects to be awarded this year under the engi
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Rs 78 cr for NH-31D repairs in West Bengal
The Union Ministry of Road Transport and Highways has recently issued a communication about sanction of Rs 78 crore for carrying out repairs on two stretches of NH-31D, which connects Siliguri with Jalpaiguri; these are Phulbari to Moynaguri and Moynaguri to Dhupguri.
The National Highway Authority of India (NHAI) had earlier taken an initiative of expanding the two-lane highway into a four-lane one as well as repairing the two stretches.
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BMC to construct 4 new bridges, revamp eight
In Mumbai, the Brihanmumbai Municipal Corporation (BMC) plans to build four bridges and revamp eight. While some in eastern suburbs will be newly built, others in the city will be rebuilt. In the island city, while the junction between Sion-Bandra Link Road and Saint Rohidas Marg, Mahim Causeway above Mithi River and near Mithi river in Dharavi will be revamped, a new flyover is being planned to connect Senapati Bapat Marg and Western Express Highway.
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Realigned Virahanoor-Paramakudi h’way progresses
In Tamil Nadu, the four-lane highway from Madurai (Virahanoor-Paramakudi) is progressing with a revised plan. According to sources, the National Highways Authority of India (NHAI) officials, Virudhunagar Congress MP Manicka Tagore inspected the proposed points at Virahanoor, Silaiman and Puliankulam on June 29.