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Analysts cast doubt on output forecast of ONGC

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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Work on channel deepening at PPT nears completion

Work on channel deepening at PPT nears completion

The work on deepening of the channel at Paradip Port Trust (PPT) in Odisha is approaching completion, the port authority informed through its official website. After completion of this project, the entrance channel will have a depth of 17.1 metre (m) and approach channel will have a depth of 18.7 m to handle vessels up to 125,000 DWT.

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Kandla Port to set up new terminal

Kandla Port to set up new terminal

Kandla Port Trust in Gujarat has two dedicated container handling berths currently and the port authority plans to set up another container terminal at Tuna-Tekra at a cost of Rs 3,000 crore.