The Haryana government has formulated an Industrial Infrastructure Development Scheme aimed at promoting uniform regional and sustainable growth across the state, including in backward areas.
Tag: blocks
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Tight deadlines for coal blocks winners
Winners of producing coal blocks will have one month to apply for statutory permissions for transfer of the blocks in their names or face a deduction in the performance bank guarantee, according to a Coal Ministry timeline. Deviation from the mining plan of such blocks would need to be submitted within four months and approved within 10 months.
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Coal Mines Bill gets Parliament nod
With the passing of the Coal Mines (Special Provisions) Bill 2015 by the Rajya Sabha, the Bill gets the approval of the Parliament. Earlier, the Lok Sabha had passed this Bill on March 4, 2015.
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CMPDI submits data on shale gas blocks
Central Mine Planning & Design Institute (CMPDI) submitted data package for six shale gas blocks to the Directorate-General of Hydrocarbons. These include two blocks in Ranigunj coalfields of the Damodar basin in West Bengal. They are most prolific with a reserve potential of 50 billion cubic metre. The others are in Jharia, also in the Damodar basin, and in the
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Ministry norms hinder ONGC’s exploration plan
According to media reports, the restriction on exploration in 'no-go' areas imposed by the ministry of defence (MoD) may hinder Oil and Natural Gas Corporation's (ONGC) business plan. The public sector firm plans to rope in technical parters for its deep water and ultra deep water blocks, which fall unde
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Govt must pursue investor friendly policies in oil and gas sector
Some analysts attribute the abandoning of 15 oil and gas blocks by BP and Reliance Industries (RIL) to unfriendly investor policy of the government. But BP termed the relinquishment of blocks as a routine "portfolio management" exercise. These 15 blocks are part of the 21 blocks for which BP struck a $7.2-billion deal. According to industry observers, the development does not augur well for the dom
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ONGC plans to re-distribute stake in CBM blocks
Media reports indicate that ONGC plans to re-distribute its stake in the coal-bed methane blocks of North Karanpura and Ranigunj to bidders other than Dart Energy. ONGC plans to re-distribute the stake because Dart Energy refused to take 25 per cent stake in North Karanpura and 10 per cent stake in
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Krishnapatnam port handles more granite cargo
Krishnapatnam Port Container Terminal handled 2.6 lakh tonne of granite blocks for export during April-June 2013 compared to 2.25 lakh tonne in the year-ago period. During the same period, volume of granite blocks (for export) handled by the Chennai Port Trust (ChPT) declined to 1.50 lakh tonne against 1.92 lakh tonne in the year-ago period. Tuticorin Port also witnessed declin
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Govt idenfies 8 lignite blocks for auction via competitive bidding
Under Competitive Bidding of Coal Mine Rules, 2012, the central government would auction eight lignite blocks, five of them in Gujarat and three in Rajasthan. However, the government has not announced when these blocks would be put on auction. The estimated reserves in these blocks are not known immediately as they are not completely explored. On June
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Oil India to borrow to fund acquisition
TK Ananth Kumar, Director (Finance) of Oil India informed that the firm would borrow from the overseas market to fund its acquisition of the Mozambique gas project. He said the firm is considering to raise 80 per cent to 90 per cent of its share of $1 billion (in the acquisition).
In other words, the firm may raise a maximum of $900 million from overseas markets