An unknown company has outbid ONGC Videsh’s bid to buy Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.
Tag: Construction
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High bets on geothermal
The government is readying a policy on geothermal energy. Companies planning to encash on it are Tata Power, Thermax and GeoSyndicate.
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THDC commisions 1st unit
The Tehri Hydro Development Corporation (THDC) has commissioned the first 100 MW unit of the 400 MW Koteshwar Hydro Power project synchronising it with the Northern Grid.
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Tower biz gets infra status for funds
In an effort to support funding for telecom facilities, the Reserve Bank of India declared that telecom towers will be treated as infrastructure facility, to get credit from non-banking finance firms.
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Siemens bags Metro contract
Chennai Metro Rail (CMRL) has awarded a Rs 305 crore contract for power supply and overhead equipment (OHE) to Siemens AG, Germany, and its Indian arm Seimens India Consortium.
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HCC caters to Orissa project
Hindustan Construction Company (HCC) has bagged two orders aggregating Rs 152 crore from Hindalco Industries.
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Subsidy policy to hit OMCs
Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.
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AP's land allotment policy
Andhra Pradesh government will soon introduce a policy comprising specific guidelines for allotment of land to entrepreneurs.
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Privatisation plan revived
Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.
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Locals receive coal blocks
Coal Minister S Jaiswal approved a policy for small and isolated coal blocks that are economically unviable but are enough to feed local demand.