Following a grim assessment by the Directorate General of Hydrocarbons (DGH), Union Petroleum Secretary Vivek Rae urged officials in his ministry to act fast on clearing oil and gas projects. It may be noted that the oil ministry's technical arm DGH said officials of the ministry are yet to clear 268 files relating to various projects for
Author: admin (Infratructure Today)
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Centre discourages gas-based power projects
Government of Karnataka requested for allocation of gas for two new gas based power projects at Bidadi Combined Cycle Power Project (CCPP) 1,400 mw (2x700) and Tadadi CCPP 2,100 mw (3x700) proposed for 12th Plan. The application was received by the union power ministry on October 29, 2010. This information was given by the Minister of State for Power Jyotiraditya M Scindia in Lok S
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Officials to discuss gas pipeline project
The extension of Iran-Pakistan natural gas pipeline to India would be discussed by the officials of the Indian and the Iranian governments, media reports suggest. It may be noted that Iran laid 900 km of the 1,600-km pipeline on its soil and both Iranian and Pakistani firms have undertaken the construction of the remaining part in Pakistan
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DGH calls for review of DoC for RIL’s block
Media reports suggest that the Directorate General of Hydrocarbons (DGH) asked the union oil ministry to convene a meeting of the Management Committee (MC) to review the Declaration of Commerciality (DoC) for D-35 block. The block, which is also named CY-DWN-2001/2 block, was discovered by Reliance Industries (RIL) in 2007
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Firms await outcome of EGoM meet on gas allocation
Industry players are awaiting the outcome of the impending meeting of the empowered group of ministers (EGoM) to discuss the allocation and pricing of natural gas. During the meeting, the ministerial panel would discuss two separate proposals, one for raising prices of gas produced by blocks auctioned under new exploration licensing policy (Nelp) and the other for allocation of gas prod
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Task force recommends projects worth over Rs 100 bn
The Odisha government's State Level Task Force on Steel recommended approval for investment proposals worth over Rs 10,000 crore in the steel sector. In a recent meeting, the task force decided that the investment would be approved by the Single Window Clearance Committee (SWLC) headed by Chief secretary
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Tata Steel to reline blast furnace in UK plant
Tata Steel plans to reline the Queen Anne blast furnace at its Scunthorpe, UK, plant at a cost of $77 million, or over Rs 400 crore. The project may be completed before the plantÂ’s 60th anniversary in April 2014. Relining will raise efficiency and capacity of the furnace as it involves replacement of the brick and refractory lining, replacement of copper mantle plates and copper stack cooling plates
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India Inc not gung ho about policy outcome
Corporate India is not much excited about the 25 basis point reduction in the repo rate by the Reserve Bank of India (RBI) as they feel it to be too less. However, they also agree that the central bank cannot do much the high level of retail inflation and high current account deficit
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Banks fail to pass on entire benefit to customers
In the policy statement, Reserve Bank of India (RBI) said banks reduced lending rates on an average by 36 basis points to 12.17 per cent during 2012-13 (up to February). This is compared to a 50 basis points cut in repo rate and 75 basis points reduction in CRR by the RBI in 2012-13
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Petronet may commission Kochi terminal by end March 2014
As many as three Re-gasified Liquefied Natural Gas (R-LNG) terminals exist now in the country while the fourth R-LNG terminal is under construction at Kochi (Kerala) by Petronet LNG (PLL). Giving this information in a written reply in the Lok Sabha recently, Panabaaka Lakshmi, Minister of State for Petroleum & Natural Gas informed that the Kochi RLNG terminal may be commissioned during 2013