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50 stalled projects to be on fast track

50 stalled projects to be on fast track

Union Mininster for Roads, Nitin Gadkari said the roads ministry would work on reviving the 50-odd stalled projects in the country, resolve the problem of cost escalation due to late approvals, and settle disputes through methods like the NHAI's dispute resolution mechanism.

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Minister urges OMCs to expedite delivery of ethanol

Minister urges OMCs to expedite delivery of ethanol

The Minister of Petroleum & Natural Gas M Veerappa Moily directed PSU Oil Marketing Companies (OMCs), at a meeting of CMDs and Directors (Mktg) of OMCs and ISMA here today, to make all efforts for expediting delivery of already procured quantity of ethanol. He also asked them to procure expeditiously additional quantity of ethanol through fresh tenders to meet the requirement of 5 per cent mandatory Ethanol Blen

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Ministry may float fresh tender for procuring ethanol

Ministry may float fresh tender for procuring ethanol

Media reports suggest that the union petroleum ministry may float fresh tender to attract domestic suppliers of ethanol for blending with petrol. The ministry decided to float a fresh tender because the earlier tender, which invited global suppliers, could not be successful as the bidders were demanding exorbitant rates for the biofuel

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Oil marketers to buy ethanol from sugar mills

Oil marketers to buy ethanol from sugar mills

Oil marketing companies (OMCs) plan to procure ethanol from sugar mills in order to blend it with petrol and in this regard they invited bids for 105 crore litre of ethanol from domestic and global suppliers in the sugar year ending October 2013. Of the 55 crore litre offered by Indian sugar mills, 11 crore litre is finalized as this volume was offered at the lowest

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Ethanol blending in petrol may reduce oil import

Ethanol blending in petrol may reduce oil import

Some analysts feel that making using ethanol-blended petrol would reduce the import of crude oil in the country, thereby saving precious foreign exchange. The government has already made it mandatory for doping of petrol with at least five per cent of ethanol across the country to save around 100 crore litre of fuel annually