To expand its oil and gas production in India Cairn India will invest $3 billion (over 16,000 crore) in the next three years. Of this, more than 80 per cent (over Rs 12,800 crore) of the total capex will be invested on Cairn's prolific Barmer oil block in Rajasthan, the company's CEO P Elango said, adding that entire capex will be met through internal resources only.
Tag: In India
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Hyderabad airport awarded as No 1 in India,
Hyderabad's Rajiv Gandhi International Airport (RGIA), being managed by the GMR Group, has been rated as the number one airport in India, the fifth best regional airport in Asia and also as the eighth best airport in the 5 to 10 'mppa' capacity. The World Airport Awards are the global benchmark of Airport Excellence and Quality Ranking, it added.
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Indian cement producers expect govt’s aid
Recent reports say that cement manufacturers in India are hopeful that the government will take the promised action to boost the countryÂ’s industrial climate. Cement demand was slightly subdued in the last financial year, forcing price hikes to maintain margins; an upswing is dependent on infrastructure investment by the government, which looks more likely in the run-up to the general elections next year.
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Indian cement producers expect govt’s aid
Recent reports say that cement manufacturers in India are hopeful that the government will take the promised action to boost the countryÂ’s industrial climate. Cement demand was slightly subdued in the last financial year, forcing price hikes to maintain margins; an upswing is dependent on infrastructure investment by the government, which looks more likely in the run-up to the general elections next year.
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AAI may form JV firm for aviation fuel handling
For aviation fuel handling in India, in the wake of governmentÂ’s decision to allow direct import of aviation fuel by Indian carriers, Airports Authority of India (AAI) will explore setting up of a Joint Venture (JV) company. Apart from AAI, stakeholders in the proposed JV company will be the three public sector oil companies, private oil companies like Reliance Industries, Essar Oil, and airline companies in the country.
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AAI to convert terminals in 24 airports into cargo ones
In India's 24 airports, redundant passenger terminals will be converted into cargo terminals by the Airports Authority of India. Inaugurating the air cargo complex at the Mangalore airport last week, the Union Civil Aviation Minister Ajit Singh said AAI has 24 airports in the country that will be used for domestic cargo operations.