Union Shipping Minister GK Vasan informed a parliamentary consultative committee in Mumbai that the ministry aims to award 30 projects worth Rs 24,633 crore in 2013-14. These projects may increase capacity of ports in the country by 288.48 million tonne, the minister said. Further, the minister pointed out that the achie
Author: admin (Infratructure Today)
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Analysts cast doubt on output forecast of ONGC
Some analysts cast doubt on the guidance given by Oil and Natural Gas Corporation (ONGC) for crude oil production in 2013-14 because the company derives 72 per cent of its output from fields which are 37-52 years old
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IGL strengthens infrastructure for CNG distribution
New-Delhi based Indraprastha Gas (IGL) is in the process of strengthening its infrastructure so as to meet the increasing demand of CNG from the growing number of CNG vehicles in Delhi.
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RINL to expand capacity by raising debt
AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) said the firm plans to mop up Rs 400-500 crore through debt market in the near future. Speaking on the sidelines of a steel summit, he said the company plans to use the fund for expansion plans. But he did not disclose the timeline for the proposed fund raising plan
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Railways start work on Rs 15 bn project in Andha
The Indian Railways started work on the Rs 1,500 crore project in Andhra Pradesh. The project, which involves doubling or electrification, is spread over 221 km covering 51 railway stations. It would cover Vijayawada-Gudivada-Machilipatnam, Gudivada-Bhimavaram, Narsapur-Bhimavaram-Nidadavolu secti
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AirAsia likely to entrust its India operations to Kathleen Tan
Malaysian budget carrier AirAsia, which has six airlines under its fold, will be banking heavily on a woman to ensure the success of its impending India launch. Tony Fernandes, founder of AirAsia is said to have great confidence on Kathleen Tan, 52, his decade-old associate at AirAsia, to build the India travel market, just as she did for the airline in China. Tan is known as his 'right hand' in aviation circles and was the airline's former commercial head.
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AAI, RIL to form JV for jet fuel supply
To supply jet fuel to carriers at reduced prices, Airports Authority of India (AAI) will form a joint venture (JV) with local airlines and oil companies and Reliance Industries (RIL) will be a part of it, AAI's Chairman VP Agrawal said on April 16. The Airports Authority of India will own a 13 per cent stake in the JV and the rest will be held by oil companies and airlines, he said.
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AI gives 1st priority to PSUs to lease its real estate assets
Air India is to give preference to State-owned enterprises to lease its 1.7-lakh sq ft office in central Delhi's Baba Kharak Singh Marg. AI's decision is part of its programme to monetise real estate assets. The loss-making and debt laden airline had decided in February to monetise its properties spread over India and various parts of the world over the next three years to raise an estimated Rs 5,000 crore, kick starting the process with its city terminal office at Baba Kharak Singh Marg.
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Juhu residents oppose airport plans, may file PIL
In Mumbai, residents around Juhu airport oppose the Airport Authority of India's plan to develop the airport into a commercial airport that supports the operations of 20 ATR aircraft plus private jets. The residents now plan to meet the chief minister and civil aviation minister to present their objections.
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Jet wants to treble seats between India, Abu Dhabi
Jet Airways is pushing hard in favour of the Abu Dhabi government's demand to treble the number of seats flown between the two countries to over 40,000 per week from 13,300 at present. According to government sources, Abu Dhabi has asked for a huge revision in the number of seats used by airlines to fly between the two countries and the negotiations with the Indian government will take place next week in the Emirate.