In a bid to boost power capacity, Union Budget 2011-12 extended tax holiday for power sector projects including Ultra Mega Power Projects which take off this fiscal.
Tag: India
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Enam Infra Fund to invest Rs 3,700 crore in infra
The cabinet committee on economic affairs cleared the investment proposal of Enam India Infrastructure, a Mauritius-based venture capital fund, to invest Rs 3,700 crore in India’s infrastructure and energy projects through a dedicated core sector fund.
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ONGC to have last word in Cairn-Vedanta deal
ONGC will have the last word on the $9.6 billion Cairn-Vedanta deal as the oil ministry has made the firm’s approval mandatory even if the cabinet rules that the royalty dispute in the Rajasthan block should be settled independent of the transaction, government officials said.
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NTPC, Petronet negotiate
NTPC, implementing the Kayamkulam power plant in Kerala, has sought long-term pricing comfort from Petronet LNG (PLL).
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Brighton is setting up nuclear reactor making plant at Vizag
Brighton Group of USA signed a memorandum of understanding with the Andhra Pradesh government for setting up a Rs 2,880 crore nuclear power equipment manufacturing facility near Visakhapatnam.
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Acute coal shortage says CIL
Power generation projects with investments to the tune of Rs 75,000 crore are facing a threat—an acute shortage of domestic coal.
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GoM to review clearance norms
A 12 member Group of MinÂisters (GoM) will review the existing rules relÂating to forest clearance as environmental cleÂaÂÂranÂces were proving to be a hurdle for industrial develoÂpment.
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Policy to connect mines faster
The Ministry of Railways has announced a new policy for conÂnecting coal and iron ore mines by rail.
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Punj Lloyd bags O&G orders
Punj Lloyd has bagged three oil and gas orders, cumulatively worth Rs 645 crore, in India, Oman and Indonesia.
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CIDCO to improve airport connectivity
The City Industrial and Development Corporation (CIDCO) has taken up a Rs 340 crore project for construction of road and improving infrastructure in and around the proposed airport in Navi Mumbai.