Considering the weakening of the Indian currency against the dollar, state-run oil marketing companies (OMCs) raised the price of petrol by Rs 2 a litre recently. This is the second increase in the price of the auto fuel this month as the cost of crude oil import has risen following the depreciation of rupee. On June 1, OMCs raised price of petrol by 75 paisa, excluding VAT
Author: admin (Infratructure Today)
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Analysts divided on Cairn India’s demand for relinquished block
Industry analysts are divided on the issue of whether the government must allow Cairn India to explore the to re-explore an area of Barmer block that it had earlier relinquished. Some experts feel that the government should not give back the area to Cairn India and instead put the asset for auction and allow the company to bid for it along with other players
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Minister alleges opposition of lobbies for proposed gas pricing
Import lobby is opposing the proposal to link the domestic price of natural gas to the market price and thereby liberalise the pricing of the fuel, Petroleum minister M Veerappa Moily said recently. However, he said he was clueless about whether the opposition is from the crude oil import lobby or the liquid gas import lobby
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VPT to rope in consultant for Bheemili port project
Visakhapatnam Port Trust (VPT) plans to rope in a Delhi-based consultant firm, Aecom, for preparing a detailed feasibility report (DFR) for the proposed satellite port at Bheemili. In 6 months time, the consultant firm may submit its report after studying topographical, hydrological and other relevant aspects like projected traffic after two decades
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Odisha has 2nd largest share in completed PPP projects
As on April 30, 2013, Odisha had about 17 per cent share, in value terms, among all the completed public-private partnership (PPP) port projects across the country. This is the second highest share, after Gujarat, in the completed port projects across the country. Odisha had two completed port projects worth over Rs 4,100 crore under PPP as on April 30, 2013, a report from Assocham show
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AP commands lion’s share in ports sector: Assocham study
According to a study by Associated Chambers of Commerce and Industry of India (Assocham) Andhra Pradesh commands the lion's share of over 46 per cent with three projects worth over Rs 20,000 crore under construction in ports sector under PPP model. Odisha accounts for second highest share of about 17 per cent in value terms in ports sector.
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CM inaugurates Mumbai’s Eastern Freeway’s 1st phase
First phase of the Eastern Freeway of Mumbai city was inaugurated by the Maharashtra Chief Minister Prithviraj Chavan on June 13. It is the city's most-ambitious elevated road project. The cost for the first phase of the Eastern Freeway is stated to be at Rs 847-crore. More than 35,000 motorists will now be able to use the 14 km, elevated road from Orange Gate near CST station to Chembur in the Eastern suburb.
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IL&FS arm signs pact for highway projects
In a communication to the stock exchange, IL&FS Transportation Networks said it signed Concession Agreements with the concerned authorities for the following projects: (i) Kiratpur Ner Chowk section of NH 21 of 90.175 km in Punjab and Himachal Pradesh. (ii) Beawar Gomti section of NH 8 of 88 km of the total 116 km (capacity augmentation) in Rajasthan. (iii) Sikar Bikaner section of NH 11 of 237.57 km in the Rajasthan
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Flyover in Kokkata caves in, traffic affected
In Kolkata, the flyover that links Belghoria Expressway with Jessore Road to National Highway 2 and NH 6 was indefinitely closed to traffic on June 11 afternoon after a big chunk of concrete caved in, leaving a gaping hole on the west-bound flank. National Highway Authority of India (NHAI) officials were unwilling to commit on when the expressway would again be opened to traffic. The over 4-metre wide gaping hole was first spotted around 2 pm by the driver of a private car heading towards Dakshi
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Kerala govt to build 22 new roads
The Kerala State Cabinet on June 12 gave its approval to an ambitious project to develop 22 new roads/flyovers in various parts of the state and the State capital Thiruvananthapuram. Flyovers will be built at Palarivattom, Vytilla and Kundanoor on the Edapally-Aroor stretch of the National Highway and at Kalamaserry Apollo junction, as part of the project. The Cabinet also sanctioned Rs 5 crore to the Horticulture Department for intervening in the open market to contain the rise in prices of ess