The Expert Appraisal Committee (EAC) under the union environment ministry gave conditional clearance to the plan of Cairn India to raise crude oil output capacity from its Mangala Processing Terminal in Rajasthan. The approval would enable Cairn India to raise oil production from 175,000 barrels per day (bpd) to 200,000 bpd and associated gas from 35 to 40 million stan
Tag: capacity
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Steel capacity grew at 8% CAGR in 2004-12
According to a research report on steel industry by CARE Research, domestic steel capacity increased at a compounded annual growth rate (CAGR) of 8 per cent in 2004-05 to 2011-12. During the same period, steel production in the domestic market also recorded a similar increase on line with the domestic steel capacity, the report shows
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ONGC plans Rs 868 bn investment in 5 yrs
Sudhir Vasudeva, Chairman and Managing Director of state-run oil explorer informed that the firm plans to invest about Rs 86,862 crore on 44 mega projects during 2012-17. He also said that the planned capacity addition of the firm's Mangalore Refinery and Petrochemicals will come about in the present Plan period
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Bhushan Steel about to complete expansion project
Bhushan Steel is reportedly nearing completion of its 3 million tonne (mn t) capacity expansion project at its Odisha plant and the firm expects to begin hot metal production from the new blast furnace by March. Presently, the firm has a production capacity of 2.5 mn tpa (million tonne per annum) and it produces secondary steel products like cold-rolled coils, galvanised coils
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JSW Steel announced 8% rise in output
In October-December 2012, production of crude steel at JSW Steel expanded only 8 per cent to 20.94 lakh tonne because of impediments like shortages of iron ore. In Oct-Dec 2011, the company produced 19.39 lakh tonne (l t) crude steel. But production declined nearly 3.60 per cent from the preceding quarter, when it had produced 21.72 lakh tonne (l t) crude steel
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GAIL commissions 5 mn t LNG terminal
BC Tripathi, Chairman of Gail India informed that it has commissioned the 5 million tonne capacity liquefied natural gas (LNG) terminal at Dabhol facility in Maharashtra. He also informed that the firm plans to double its capacity by 2016 in a phased manner. Initially, the firm wou
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JNPT to spend fund on land reclamation
Reports suggest that the Jawaharlal Nehru Port Trust (JNPT) would spend the amount raised through its upcoming bond issue for land reclamation activities for the proposed fourth terminal. The port plans to raise Rs 2,000 crore through issue of tax-free infrastructure bonds for its expansion
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Gangavaram Port works on expansion plan
Gangavaram Port in Andhra Pradesh is working on its expansion plan to raise its cargo handling capacity from the current 15 million tonne to 45 mn t. The project involves addition of three multi-purpose berths and a coal handling terminal. The port has a
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Shipping ministry expects to award all 42 projects by March
By March 2013, union shipping ministry expects to award all the 42 port projects targeted during 2012-13, Minister for Shipping GK Vasan informed reporters. Speaking to media persons, Vasan said most of these projects are for capacity addition, deepening of chan
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Shipping ministry expects to award all 42 projects by March
By March 2013, union shipping ministry expects to award all the 42 port projects targeted during 2012-13, Minister for Shipping GK Vasan informed reporters. Speaking to media persons, Vasan said most of these projects are for capacity addition, deepening of chan