Kiran Kumar Grandhi, the youngest son of GM Rao, has been appointed as corporate chairman of GMR Holdings, the apex body of GMR Group. The 38 year old Grandhi was earlier in-charge of the urban infrastructure and highways business.
Tag: 2013
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New CMD of IDBI Bank
IDBI Bank got a new Chairman and Managing Director (CMD) after the post was lying vacant since May 31. MS Raghavan assumed the charge as CMD of IDBI Bank. Prior to the current assignment, Raghavan was the Executive Director with Bank of India (BoI),
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Petronet LNG Kochi terminal
Petronet LNG may operationalise its Phase-I of the natural gas terminal at Kochi by the end of August 2013. The company, which initially planned to commission the project during March 2013, faced several roadblocks
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Foreign firms eye O&G projects
British Gas and British Petroleum are interested to set up oil refineries and LNG terminals in India. Recently, government has allowed 100 per cent FDI in oil refineries through the automatic route and this removes the
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Cairn to invest $3 bn
Cairn India is hoping to ramp up crude production in the Barmer blocks from the current 1,80,000 bpd to 210-215,000 bpd by the end of the current fiscal.
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Myanmar oil and gas blocks
Myanmar government shortlisted 61 companies to bid for 11 shallow-water and 19 deep-water oil and gas blocks in an international tender. Among these firms are India's Reliance Industries,
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ONGC’s G-1 plans
By September 2013, ONGC plans to begin oil and gas production from G-1 marginal field, the first deepsea asset in Krishna-Godavari basin off Andhra coast.
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IOC disinvestment
Disinvestment of 10 per cent paid-up equity in the Indian Oil Corporation (IOCL) has been approved by the Cabinet Committee on Economic Affairs, as per the government's disinvestment policy.
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IOC to invest Rs 50 bn on gas project
Indian Oil Corporation (IOC) chose Dhamra coast in Orissa's Bhadrak district for setting up a natural gas terminal at an investment of Rs 5,000 crore. In future, IOC plans to raise the capacity of the terminal by above 10 million tonne per annum.
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ONGC to double its output in Assam
ONGC Assam asset plans to comĆĀ”ĆĀ”pĆĀ”lete projects on time so as to double its production by 2030 from the current level of 1.21 million tonne per year. More wells need to be drilled with the latest technology, emphasis has to be laid on opening up new horizons by strengthening exploration activities