Speaking exclusively to INFRASTRUCTURE TODAY, Prof Kirit Parikh, Chairman Integrated Research and Action for Development (IRADe) and author of the seminal report on pricing methodology for diesel, domestic LPG and PDS, believes that though the federal dispensation is presently offering lucrative terms to investors in the oil and gas sector, it must also ensure that those commitments are adhered to.
Tag: EoI
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OPERATION IN(FRA)SOLVENCY
With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
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Maharashtra to award110 MW of grid-connected solar projects
The Maharashtra State Power Generation Company (MAHAGENCO) has tendered 110 MW of solar in two separate tenders.
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Three Mega Food Parks to come up in Maharashtra
The government has approved three Mega Food Park projects in Maharashtra to Wardha Mega Food Park Pvt Ltd in Wardha district, Paithan Mega Food Park Pvt Ltd in Aurangabad district and Satara Mega Food Park Pvt Ltd in Satara district. As per the scheme guidelines, the time schedule for completion of a project is 30 months from the date of issue of final approval unless extended by an Inter-Ministerial Approval Committee.
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We are deploying projects worth over Rs.10,000 crore in Rajasthan
Being one of the leading states in implementing schemes backed by the Centre, Rajasthan is always in the forefront, whether it is for energy efficiency or municipal reforms.
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Damodar Valley Corporation fails to clear strategic investor plan
The Damodar Valley Corporation board has failed to invite Expressions of Interest for a strategic investor in the proposed 2,500-MW Raghunathpur power plant at Purulia.
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Consultants invited for Rs 231 bn metro rail project
In order to conduct a detailed study on the Rs 23,136-crore Colaba-Bandra-Seepz Metro line-III project, the Mumbai Metro Rail Corporation is in the process of roping in a consultant. The prospective consultant would study the project in various angle including the environmental issues and submit the report to the state government, agency reports indicate
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NMDC gets response from SAIL, RINL for stake sale
CS Verma, the acting Chairman of NMDC, said the expression of interest (EoI) floated by the firm for offering 50 percent stake in its proposed 3 million tone per annum (mn tpa) steel plant received response from only two companies. Steel Authority of India (SAIL) and Rastriya Inspat Nigam are the only two bidders for NMDC's 50 per cent stake in the upcoming steel plant in Chhattisgarh.
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Users expect overcapacity from proposed projects
Exporters and importers, who use major ports, wonder whether the setting up of two container terminals, one each in the Chennai Port and Ennore Port (EPL) would create overcapacity. It may be noted that EPL is in the process of setting up a container terminal in two phases. The first phase costing over Rs 1,270 crore will have a capacity to handSources from the district administration of Jagtsinghpur in Odisha informed that only 70 acre of land is left to be acquired for the proposed 8 mn tpa gr
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Gujarat Gas vulnerable to tariff control by PNGRB
Gujarat Gas received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the city gas distribution areas of Surat, Bharuch and Ankleshwar. The company filed tariff application with PNGRB for its transmission pipeline. However, owing to high ROE (return on equity) of over 30 percent, the company is vulnerable to tariff reduction from PNGRB, as was ordered for Indraprastha Gas. This is an operational performance risk, poin