In a noteworthy milestone for offshore exploration and development, ONGC has used the floatover installation methods for the first time in India. The company installed a 13,000 tonne process platform and an 8,000 tonne living quarters platform on the sea in order to develop its B-193 field in the Mumbai offshore
Tag: development
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IPA suggests govt support to port development projects
Reports indicate that the Indian Ports Association (IPA) prepared a draft plan for providing financial assistance to port development projects undertaken by State Maritime Boards (SMBs). According to the plan, the central government would give 50 per cent funding with cap of Rs 50 crore for p
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IPA suggests govt support to port development projects
Reports indicate that the Indian Ports Association (IPA) prepared a draft plan for providing financial assistance to port development projects undertaken by State Maritime Boards (SMBs). According to the plan, the central government would give 50 per cent funding with cap of Rs 50 crore for p
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Gujarat govt signs 8 MoUs for port development
The Gujarat government signed eight memoranda of understanding (MoU) with the attendants of the sixth Vibrant Gujarat Summit- 2013 for development of the existing ports as well as converting them into environmental-friendly or green ports. These eight MoUs are part of the 63 agreements worth Rs 1 lakh crore that the state government plans to sign with the private players for the development of the stateĆās port
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Kochi metro plans SPV for transport project
In order to facilitate coordinated planning and implementation of the cityĆās transportation network, Kochi Metro Rail (KMRL) plans to set up a special purpose vehicle. The SPV, which would be set up under the aegis of the Unified Metropolitan Authority, would focus on the development of Kochi city's waterways, which will be integ
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WBHIDCO to allot vacant land
As part of its second phase development of the proposed financial hub at New Town near Kolkata, the West Bengal Housing Infrastructure Development Corporation (WBHIDCO) plans to allot six vacant plots totalling around 2.5 acre of land. The plots would be allotted on a lease-hold basis (for 99 years) and the cor
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Naya Raipur becomes 4th planned city in India
Naya Raipur, which is about 20 km from Raipur, is set to become the fourth planned city in India after Bhubaneswar, Ahmedabad, and Chandigarh
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CIL arm calls for new pricing regime
Coal India (CIL) subsidiary Western Coalfields argues that its proposed 25 new projects with a capital investment of about Rs 4,000 crore would not be viable unles
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Assam road project gets $320 mn loan from World Bank
World Bank agreed to lend $320-million for improvement and development of some of the roads in Assam
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We have evolved many business policies for private investment
The Railways has been the most sluggish among infrastructure sectors in operationalisating private participation and corporatisation of its activities.