According to a latest report of the Directorate General of Hydrocarbons (DGH), Reliance Industries (RIL) shut its ninth well - A1 - on the Krishna Godavari (KG)-D6 block for "reservoir build-up study. The closure of the well resulted in the gas output from the block falling to an all-time low of 15.5 million standard cubic metre per
Tag: approval
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KMRL plans to develop land at Kakkanad
Kochi Metro Rail (KMRL) plans to develop a 17.315 acre land at Kakkanad into a modern multi-utility centre with urban amenities such as markets and civic facilities as well as recreational centre. Recently, the Board of Directors of the body cleared the invitation of expressions of interest (EoIs) for preparing a master plan for this project
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Maharashtra govt to clear metro project for Pune
Maharashtra Chief Minister Prithviraj Chavan informed the state legislature that his cabinet would clear the metro project for Pune this month and send a report on the project to the union government for final approval by the end of this month. Once the central government approves the project, the state government may sanction funds. It may be recalled that state government agreed to provide funds for t
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Govt identifies 12 coal projects for speedy clearance
Union Cabinet Secretary Ajit Seth informed that the government identified 12 coal mining projects with an annual coal production of 36.9 million tonne (mn t) for expeditious clearance within a month. These projects involve an investment of Rs 1,347 crore. Meanwhile, it may be noted that the Cabinet Committee on Investment (CCI) streamlined the proc
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Cabinet clears Rs 46 bn worth highway projects
The Rs 2,686 crore Jabalpur-Bhopal road widening project in Madhya Pradesh received the approval of the Cabinet Committee for Economic Affairs recently. The 294-km road project would be taken up on a build-operate-transfer Ćā (BOT-toll) basis. This means the project developer will invest in widening the road and collect toll revenues over the concession period. This is one of the four road widening projects involving a total of 471 km of highways and cumulatively worth Rs 4,61
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Nod to 4-laning of Demow-Bogibil junction in Assam
The Union Cabinet Committee on Economic Affairs has given its approval for the four-laning of the Demow-Bogibil junction section of National Highway-37 in Assam under the Special Accelerated Road Development Programme in North Eastern Region (SARDP-NE). The project is on Design, Build, Finance, Operate and Transfer (DBFOT) basis in Build-Operate-Transfer (BOT) (Annuity) mode of delivery.
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CCI clears Rs 740 bn worth investment so far
Since the setting up of the Cabinet Committee on Investment (CCI) in January 2013, mega projects worth a total of Rs 74,000 crore, have been cleared by the body. These projects were stalled because of lack of statutory clearances. Many projects in the oil and gas sector, with a cumulative investment of $13.42 billion, were held up because of of objections raised by the Defe
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DGH proposes stringent conditions for cost recovery
Directorate General of Hydrocarbon (DGH) opined that recovery of cost incurred by companies on exploration activity in the producing oil and gas fields must be allowed only under certain conditions. The upstream oil regulator recommended that the exploration firm must submit a feasible investment plan for producing from the discovery in order to be eligible for cost recovery
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Proposed programme may attract Rs 7.7 bn investment
The proposed Tamil Nadu Investment Promotion Programme would encourage investment flow of around Rs 770 crore in small and medium infrastructure projects over the next three years. The state Finance Minister O Panneerselvam informed this in the State Assembly recently. The state government proposes to establish the programme with assis
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TN gets World Bank’s aid for road project
For the second phase of Tamil Nadu Road Sector Project, the State government has obtained approval of the World Bank and the Central government, said Finance Minister O Panneerselvam, while presenting the State budget for 2013-14 in Chennai on March 21. Under this project, a total of 1,678 km of roads will be strengthened and widened.