Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at
Tag: Infrastructure Today Magazine
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Essar port in Mozambique
The Essar Group is planning to set up a 10-million tonne (mn t) port in Mozambique, at a cost of $275 million (Rs 1,496 crore). This port will facilitate exports from Zimbabwe Iron and Steel Company (ZISCO), a Zimbabwe-based company it acquired in 2010.
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Duty reduction to help local telecom firms
Telecom companies pay as much as 30 per cent of revenue in the form of various taxes and levies, compared to that in neighbouring countries where it is just over 5 per cent of revenues to cover duties.
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Call for clarity in NELP
Economic Survey 2012-13 called for clarity in terms of the New Exploration Licensing Policy (NELP) in order to remove impediments to implementation of projects in infrastructure, especially in the area of energy. The survey said over the years, India's
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VOC Port setting up 2nd container terminal
VO Chidambaranar Port at Tuticorin is converting its eighth berth into a container terminal with a capacity to handle six lakh TEUs at a cost of Rs 312.23 crore.
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Alcatel-Lucent bags Telenor order
Telecom equipment firm Alcatel- Lucent said Telenor has appointed it to provide operational support and business transformation services for three circles of Gujarat, Maharashtra and Andhra Pradesh.
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Share of imported gas
Reports suggest that the share of import in total natural gas consumption in the country may rise from the current level of 40 per cent as domestic production fails to keep pace with growth in demand. Recently, Petronet LNG has notched up a world record by
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Experts suggest govt to amend Coal Mines Act
Experts suggest the government to make amendments in the Coal Mines (Nationalisation) Act in order to allow coal miners to supply surplus coal in the market instead of selling it to Coal India (CIL).
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Govt likely to get Rs 23,000 cr
The government is likely to get over Rs 23,000 crore through one-time spectrum fee that has been levied on mobile operators for holding spectrum beyond a prescribed limit, Minister of State for Communications and IT Milind Deora informed.
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Share of imported gas
Reports suggest that the share of import in total natural gas consumption in the country may rise from the current level of 40 per cent as domestic production fails to keep pace with growth in demand. Recently, Petronet LNG has notched up a world record by