The Union Civil Aviation Minister Ashok Gajapathi Pusapati Raju said his ministry is focusing on improving air connectivity in the country. The ministry has cleared six proposals allowing them to launch airlines after getting the requisite approvals.
Tag: fuel
Post
Post
Singareni Collieries enters partnership with RITES
Singareni Collieries Company (SCCL) has concluded an MoU with RITES for extending rail infrastructure facilities at the mining areas of the company in Telangana
Post
Rs 36,000 cr worth projects stranded on coal shortages
Power projects worth over Rs 36,000 crore and having total generation capacity of 7,230 MW are stranded due to shortage of coal. Efforts are being made for supplying adequate coal to power projects, according to the government.
Post
India, Japan to conduct study on LNG pricing
In order to bring about rationalization of liquefied natural gas (LNG) prices in Asia Pacific, India and Japan would carry out a joint study on the matter. The study would focus right pricing of the fuel to secure long-term contracts at competitive rates. The proposal to conduct the study was mooted on the b
Post
Fuel saving locomotive at Railways
Yet another milestone in introduction of fuel-efficient technologies for diesel engines has been achieved with Indian Railways manufacturing the first multi-genset locomotive in India.
Post
ISPRL setting up 12.5 mn t oil storage capacity
Indian Strategic Petroleum Reserves (ISPRL) is setting up 12.5 million tonne strategic crude oil storage capacity in Bikaner, Rajkot, Chandikhol and Padur. This is part of the phase-II project, Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed the Parliament. In the first phase, ISPRL is setting up storage facilities of 5.
Post
Govt conducts feasibility study for storage project
The Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed the Rajya Sabha in a written reply that in order to further increase the Strategic crude oil storage capacity, the government, through Indian Strategic Petroleum reserves (ISPRL), has undertaken a detailed feasibility study for construction of additional 12.5 Million Metric Tonne (mn mt) of crude oil storages in Phase-II a
Post
Minister asks firms to invest in oil and gas sector
The Petroleum Minister for Petroleum and Natural Gas M Veerappa Moily has emphasised the need for greater investment in the oil and gas sector. He said this while addressing an Assocham Seminar on Indian Economy in the context of global energy scenario. The minister said the government was committed to deal with the energy security issues. It is in this context that the gas pricing formula was recently revised based on th
Post
OMCs raise petrol price 4th time in 6 wks
On the backdrop of the depreciation of rupee against dollar, state-run oil marketing companies (OMCs) raised the price of petrol by a steep Rs 1.55 a litre, excluding local sales tax or VAT. According to the traditional price revision cycle, the change in the petrol price should be effective from July 16. But it was raised a day earlier. The hike, which is the fourth time in six weeks, comes as the falling value of rupee against the dollar incre
Post
Under-recovery set to rise to Rs 1.5 trillion
According to government sources, under-recovery on the sale of fuel products by state-run oil marketing companies (OMCs) at subsidised price may be around Rs 125,000 crore and Rs 150,000 crore in 2013-14. This estimate is sharply higher than the government's earlier estimate of Rs 80,000 crore because of a considerable depreciation of rupee and the marginal rise