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RIL makes Mexico foray

RIL makes Mexico foray

Reliance Industries Ltd (RIL) has signed an agreement with Mexico´s State-owned Petroleos Mexicanos (Pemex) for investment in the exploration and refinery sectors in that country.

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Coal import bill continues to rise

Coal import bill continues to rise

India´s coal import bill surged 42 per cent to Rs 11,441 crore in November 2014 despite a 16 per cent increase in Coal India´s production, highlighting the rapidly widening demand-supply gap for the fuel in the country.

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Seeking Stable Ground

Seeking Stable Ground

From 3 km per day to 30 km per day from 2016 looks to be a tall order for the road construction in the country. While the current numbers still present a slow pace of development, the government is hopeful to make amends soon.

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Morgan Stanley to help Adani

Morgan Stanley to help Adani

Adani Group has appointed Morgan Stanley to advise on the possible sale of a stake in its Abbot Point coal port in Australia, as it looks to raise funds to help finance a A$7 billion ($6.2 billion) mine, rail and port project.

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NLC to acquire multiple power projects

NLC to acquire multiple power projects

Neyveli Lignite Corporation (NLC) is examining a number of power projects on offer to scale up its generating capacity rapidly. B Surender Mohan, Chairman and Managing Director, NLC, said it is examining nine projects, where the promoters have showed interest in letting NLC acquire the projects.

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Lanco withdraws from Australia port project

Lanco withdraws from Australia port project

Lanco Infratech Ltd is scaling down its proposed coal mining-cum-infrastructure project in Australia. The proposal for the development of Lanco Resources Australia Pty Ltd's Bunbury Port Berth 14 at the Bunbury Port Inner Harbour was withdrawn.

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Australian nod to GVK for port work

Australian nod to GVK for port work

For its Abbot Point port capital dredging programme, GVK Power and Infrastructure has received the Australian government´s approval. The Australia government has finalised the ministerial environmental approvals for its Galilee basin coal assets and associated infrastructure.

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GVK, Aurizon tie-up

GVK, Aurizon tie-up

To develop a rail line and a new coal terminal jointly in Australia, GVK Coal Infrastructure (Singapore) Pte Ltd (GVK Hancock) and Aurizon Holdings of Australia have reached an agreement. The two projects are to come up at the Abbot Point Port to unlock the Galilee Basin´s coal resources in Australia. The tie-up is intended to provide sufficient equity and debt funding, including through third party debt finance, for the projects to reach financial closure.

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