The Ministry of Oil and Petroleum is willing to give in-principle approval for Vedanta Resources’ acquisition of Cairn India, provided the Vedanta agrees to a set of 11 preconditions.
Tag: India
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Koyali refinery now 18 mtPA
Indian Oil Corporation (IOC) has plans to invest Rs 5,000 crore for expanding its Koyali refinery capacity in Gujarat from 13.7 mtpa to 18 mtpa refinery.
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GVK to develop LNG terminal in Gujarat
GVK Power and Infrastructure has signed an agreement with the Guajrat government to develop a new terminal for importing gas at Okhamadhi in Jamnagar district.
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New power policy allocates 50 per cent to home state
The government has approved a new policy for allocation of power to be generated by upcoming state-run thermal power plants.
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Scouting for wind power assets
Gamesa Corporación Tecnológica SA, Spain’s largest wind power equipment maker, has appointed Morgan Stanley India to scout for wind power assets in India.
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AUSC to come up by 2017
The first 800 MW coal-fired Advanced Ultra Supercritical (AUSC) power plant in India will be operational by 2017.
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ADB to lend $7.4 billion for infra projects
Asian Development Bank (ADB) has agreed to lend $7.4 billion to fund projects in infrastructure in India.
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Tecpro wins Rs 208 cr order
Tecpro Systems has bagged an order worth Rs 208 crore from Kohinoor Power Private for design, engineering, project management and supply of a 66 MW IPP in Jamshedpur.
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McNally bharat awarded Rs 33 crore contract
McNally Bharat Engineering Company has bagged an order from Bharat Heavy Electricals for design, engineering, manufacture, supply and erection, testing and commissioning.
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Essar awards equipment order to Toshiba
Toshiba Corp has bagged the contract to supply thermal power generation equipment estimatedly worth more than Yen 10 billion to Essar group.