Loss-making Assam Petrochemicals (APL) is in the process of de-listing the company from the Bombay Stock Exchange (BSE) amidst the proposal of Oil India to buy stake in the firm. State-run OIL is in talks with Assam government, which is holding 88.2 per cent stake in APL, for buying 49 per cent equity in the company. Domestic institutions and others hold the remaining stake in
Tag: Assam
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Assam gets Rs 125 bn outlay for FY14
For the financial year 2013-14, Assam received a plan outlay of Rs 12,500 crore which was cleared by the Planning Commission. This is 19 per cent higher than the allocation of Rs 10,500 crore in 2012-13. The outlay was agreed at a meeting of Assam Chief Minister Tarun Gogoi with Planning Commission Deputy Chairman Montek Singh Ahluwalia.
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NRL executes expansion project
Assam-based Numaligarh Refinery (NRL), a subsidiary of Bharat Petroleum Corporation (BPCL), is in the process of executing expansion projects in order to raise its refining capacity to 8-9 million metric tonnes per annum (mn mtpa) from 3.0 mn mtpa.
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Construction of Balipara-Tawang road to be ready by 2016
The road from Tezpur to Balipara (20 Km) in Assam is already double-laned and double laning of the stretch from Balipara to Tawang (317.52 Km) is under progress by Border Roads Organisation (BRO), said the Union Defence Minister AK Antony in the Lok Sabha recently. The probable date of completion of the road Balipara-Charduwar-Tawang to National Highway Double Lane (NHDL) specifications is March 2016, he added.
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Assam attracts real estate biz, Guwahati holds property show
Assam is emerging fast as an investment hotspot. Recently, a two-day property fair was organised by Housing Development Finance Corporation (HDFC) with an aim to bring real estate leaders and customers under one roof in Guwahati.
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Minister expects East-West Corridor to be ready by end 2014
Union Transport Minister CP Joshi informed media persons that work on 431 km of the 670-km East-West Corridor in Assam is over and the entire project would be completed by December 2014.He said the project is in progress against many odds like law and order problem, unfavourable weather conditions
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Assam CM discusses highway projects with Joshi
At a high-level meeting in Guwahati, Assam Chief Minister Tarun Gogoi on February 4 discussed various highway projects with the Union Minister for Road Transport and Highways CP Joshi.
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IWAI mulls 2 more jetties in Assam
Inland Waterways Authority of India (IWAI) plans to construct two additional jetties on Brahmaputra River at Dhubri and Hatsingimari, in Assam at a cost of atleast Rs 70 crore. The authority may ask Central Public Works Department (CPWD) to construct the jetties. However, it is not known whether proper technical feasibility report and
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NRL plans to expand refining capacity
Numaligarh Refinery (NRL), a subsidiary of Bharat Petroleum Corporation (BPCL) plans to expand its refining capacity from 3.0 million metric tonne per annum (mn tpa) to 8-9 mn tpa at Golaghat in Assam. The company is also considering options of sourcing and transporting the additional crude oil through a pipeline.
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Contractual opportunities with Oil India
Oil India continues to be the second largest national oil and gas company in the country in terms of total proved plus probable oil and natural gas reserves and production for the year 2011-12, SK Srivastava, the company's Chairman and Managing Director said.