The government has slapped an additional penalty of $380 million on Reliance Industries and its partners for producing less than targeted natural gas from the eastern offshore KG-D6 fields.
Tag: Government of India
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Bihar gets its first SCADA-DMS Project Control Centre
The SCADA-DMS Project for Patna city undertaken by Schneider Electric (SE) has been inaugurated by Nitish Kumar, Chief Minister, Bihar. The SCADA-DMS Project is undertaking power monitoring, control and modernisation of the Patna electric distribution network.
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Cochin Shipyard signs MoU with Govt
Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with the Government of India for the financial year 2016-17.
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NHAI is executing nearly 205 highway projects
The Government of India is increasing the amount of money spent on infrastructure development with nearly 205 projects being executed by the NHAI. Of these, there are 18 projects which cover around 800 km.
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We are mechanising all our mines for better turnaround time
The Ministry of Coal (MoC) is targeting coal production of 1.5 billion tonnes. Of this one billion tonnes will come from Coal India Limited (CIL) and the remaining 500 million tonnes will come from non-CIL sources, particularly from the mines that are presently being auctioned or allocated to non-Coal India entities.
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Revisiting Dispute Resolution Mechanisms
The private sector brings with it the benefit of private funding of the projects and efficiency of operations. ´Public-Private Partnership´ (PPP) has been a relatively flourishing model for infrastructure development in India.
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Developers will be able to get rid of their excess baggage
We are almost there both with REIT and InvIT. They have been in the pipeline for quite some time. The government has taken the initiative to come out with proper SEBI regulations, which itself is the very first step towards REITs and InvITs.
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Pune Smart City to work with US Dept of Treasury for fund raising
Pune Municipal Corporation (PMC), which has pegged the cost of making Pune a Smart City within the next five years at Rs.3,480 crore, is in talks with the US government´s Department of Treasury to help it raise funds via issuance of bonds.
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PNC Infra bags Rs.140-cr airport runway contract
PNC Infratech has said that it has been declared as the lowest bidder for a contract in Uttar Pradesh for resurfacing the runway at an Air Force station. ´PNC Infratech Ltd was declared the L1 (lowest) bidder for the project of extension and resurfacing of runway at Air Force Station, Bakshi Ka Talab, near Lucknow.
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India, USA sign MoU
A Memorandum of Understanding (MoU) between the Government of India and the Government of the United States of America was signed today to enhance cooperation on energy security, clean energy and climate change.