The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.
Category: Oil & Gas
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Reliance gas from KGD6 to touch 60 mmscmd
Reliance Industries will regain its 60 million standard cu m per day of natural gas output level from its KG-D6 fields on the eastern offshore by April.
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Case Study: Jumpstarting: Information handover from EPC to plant
Using the case of an LNG project in a multinational setting, Angus W Stocking explains how documenting information handover specification benefits multistage data validation.
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ONGC strikes shale gas in WB
Oil and Natural Gas Corporation (ONGC) has struck shale gas reserves, thus creating an exploration landmark when gas flowed out from the Barren Measure shale at a depth of around 1,700 m, in RNSG-1 well near Durgapur at Icchapur, West Bengal.
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Vedanta-Cairn subject to 11
The Ministry of Oil and Petroleum is willing to give in-principle approval for Vedanta Resources’ acquisition of Cairn India, provided the Vedanta agrees to a set of 11 preconditions.
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Koyali refinery now 18 mtPA
Indian Oil Corporation (IOC) has plans to invest Rs 5,000 crore for expanding its Koyali refinery capacity in Gujarat from 13.7 mtpa to 18 mtpa refinery.
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Govt monitoring crude oil prices: Mukherjee
Expressing concern over the rise in crude oil prices in international markets due to turmoil in the Middle East, Finance Minister Pranab Mukherjee said the government is monitoring the situation and will manage it.
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Punj Lloyd bags three O&G orders
Punj Lloyd has bagged three oil and gas orders, aggregating Rs 645 crore in India, Oman and Indonesia. Occidental’s Rs 323 crore entails construction of a water treatment plant in Oman.
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DMU factory MOVES TO haldia
The Railways intends to shift the proposed DMU coach factory project from Sankrail in Howrah to Haldia due to opposition by a section of landlosers.
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ONGC takes on East coast gas block by itself
ONGC has decided to develop the gas-rich exploration block in the Krishna Godavari basin by itself.