By the end of 2013, Indian Oil Corp (IOC) plans to begin work on its liquefied natural gas (LNG) terminal project at Ennore near Chennai. The proposed terminal would be used to import natural gas from abroad and sell it in India, which faces severe shortage of the fuel. IOC is in the process of securing cons
Tag: Chennai
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Punj Lloyd bags 358 cr project from CPCL near Chennai
A contract of Rs 358 crore has been bagged by engineering and construction major Punj Lloyd from the Chennai Petroleum Corporation (CPCL) to build the Sulphur Block of Resid Upgradation Project at its Manali refinery near Chennai.
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Maduravoyal-Chennai port road project to get contractor
In Chennai, the elevated road project from Maduravoyal to Chennai port is of great significance in view of the development of a container terminal, the Chennai Port has told the Tamil Nadu High Court. The road project operator will be selected soon and the Letter of Approval is likely to be issued in the first quarter of the financial year, the port said.
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Oil firms to be asked to shift pipelines
Oil companies in Chennai would be directed to shift petroleum pipelines in some areas on the back of complaints from residents that they are polluting the ground water. The Southern Bench of the National Green Tribunal was hearing a petition filed by local residents in North Chennai. The petitioner argued that the pipelines were carelessly laid in the midst of thickly populated areas of Chen
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ONGC to recover oil and gas from challenging fields
State-run ONGC is taking steps to recover oil and gas from tough reservoirs in India using high end technology. As part of this initiative, the firm set up a ‘Centre of Delivery’ for HPHT and ‘tight’ reservoirs in November 2012. The centre is headquartered in Chennai, because the eight fields identified are in the South — five in the Krish
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Work on new bridge in Chennai nearing completion
In Chennai, the Anna Nagar link road project, which has been making a tardy progress over the past four years, finally seems to be heading towards completion with the construction of the bridge across the Uyyakondan river reaching the finishing stages. The link road will be completed in the next three months, sources said. The civic body has drawn much flak, from residents and the elected representatives over the execution of the project which has been progressing in fits and starts since 2009.
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Shriram City Union Finance to raise Rs 1,000 cr for growth
To achieve a growth of around 25-30 per cent over the next couple of years, non-banking finance company (NBFC) Shriram City Union Finance plans to raise around Rs 1,000 crore issuing debentures and through other debt this fiscal, the company said on July 31. The fund raising is expected to happen sometime this year to support the company's target. The company will continue to grow its non-corporate book size in a focused manner, GS Sundararajan, Managing Director of the company said in Chennai.
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New CMD of IDBI Bank
IDBI Bank got a new Chairman and Managing Director (CMD) after the post was lying vacant since May 31. MS Raghavan assumed the charge as CMD of IDBI Bank. Prior to the current assignment, Raghavan was the Executive Director with Bank of India (BoI),
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PPT major port of the year
For its excellent performance in 2012-13, Paradip port has been conferred with the 'Major Port of the Year' award. SS Mishra, Chairman, Paradip Port Trust (PPT),
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KoPT wins award
Among all major ports in India, Kolkata Port Trust (KoPT) has been adjudged as the 'Container Handling Port of the Year,' at the 5th South East Cargo & Logistics Awards 2013 ceremony.