Reliance Industries (RIL) agreed to share its infrastructural facility on the East Coast of the country with Oil and Natural Gas Corporation (ONGC). Both the companies recently entered into a memorandum of understanding (MoU) in this regard. According to the MoU, both the firms would work out the mod
Tag: facility
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New location found for Rs 372 bn project of HPCL
A 15-member task force identified new location about 6 km away from Pachpadra in Barmer district of Rajasthan for the proposed Rs 37,230 crore refinery cum petro-chemical complex to be set up by Hindustan Petroleum Corporation. The new location is found to be qualitatively better than Leelala which was proposed earlier and the former is most suitable as per HPCL's Techno Commercial, Tech
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Board of Cochin Shipyard to discuss disinvestment plan
The board of Cochin Shipyard would discuss the proposed disinvestment of government in the company when it meets in June. In a first disinvestment in the sector, the government plans to offload 10 per cent stake in the company. This is part of the Rs 54,000 crore divestment target set by the government for 2013-14. The target is almo
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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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EIB commits 150 mn euro funding for clean energy projects
European Investment Bank (EIB) agreed to support renewable energy projects in India by committing a 20-year 150-million euro loan facility to the Exim Bank. Exim Bank would use the fund under the facility to lend for energy projects, notably wind, solar photovoltaic, concentrated solar power, hydro-power, geothermal, biomass and efficient co
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Tata Steel to reline blast furnace in UK plant
Tata Steel plans to reline the Queen Anne blast furnace at its Scunthorpe, UK, plant at a cost of $77 million, or over Rs 400 crore. The project may be completed before the plantÂ’s 60th anniversary in April 2014. Relining will raise efficiency and capacity of the furnace as it involves replacement of the brick and refractory lining, replacement of copper mantle plates and copper stack cooling plates
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Shiv-Vani says its contract is not banned by ONGC
In a press release, Shiv-Vani Oil and Gas Exploration Services clarified that ONGC cancelled the process of banning its contract as the latter is satisfied with the former's performance at the site the Kakinada processing facility. It may be noted that there were rumours that ONGC banned the contract given to Shiv-Vani Oil and Gas to install and operate one compressor along with one s
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GPP’s capex may benefit the port
Some analysts feel that the proposed capital expenditure of Gujarat Pipavav Port (GPP) may benefit it in the long run. It may be noted that the port plans to execute Rs 11 bn worth projects to expand its present berth capacity. It plans to double container capacity by March 2015 to 1.5 mn TEUs and increase bulkhandling capacity to 10 mn ton
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MPT to become multi-specialty port
Goa-based Mormugao Port Trust (MPT) is taking efforts to diversify the cargo handling of the port and convert it into a multi-specialty port. The port, which largely handles iron ore cargo, has been under severe financial stress because of decline in ore traffic on the back of ban on illegal mining in Goa and Karnataka
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NMPT handles major share of LPG handling in India
New Mangalore Port Trust (NMPT) handles a major share of total liquefied petroleum gas (LPG) handling in the country. It handled around 2.08 million tonne of LPG in 2011-12, P Tamilvanan, Chairman of the port trust informed. The LPG import facility of HPCL in Mangalore contributes around 1.5 million tonne, S Roy Choudhury, Chairman and Managing Director of HPCL informed
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