Oil and Natural Gas Corp (ONGC) said that it is investing Rs 24,890 crore in developing marginal oil and gas fields to make up for fall in production at old and ageing properties.
Tag: Infrastructure Today
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GSPC, Adanis in LNG venture
Gujarat State Petroleum Corporation (GSPC) and the Adani Group will develop an LNG import terminal at Mundra, at an estimated investment of Rs 4,000 crore.
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NHAI to float Rs 50 bn bonds
National Highways Authority of India (NHAI) is expected to launch tax-free bonds worth about Rs 5,000 crore in the first phase over the next few weeks.
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Rs 1.25 lakh cr needed to complete railway works
The ongoing railway projects across India would require Rs 1.25 lakh crore for completion.
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JNPT terminal expansion plan in troubled waters
The Rs 8,000-crore container terminal expansion plan of the Jawaharlal Nehru Port Trust (JNPT), which is aimed at doubling its capacity, has run into trouble as the port's board raised doubts about the consortium that won the bid to undertake the country's largest terminal project.
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Karnataka maritime board
Karnataka Minister for Ports Krishna Palemar has said that the state government is planning to establish a maritime board for developing the sector.
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Revised coal block clearance policy gathering pace
The Union finance ministry has given an in-principle approval to a new mechanism in which all regulatory clearances are to be obtained by the government before coal blocks are auctioned to state-run or private companies, thus concluding the debate on 'go' and 'no-go' areas for mining of coal.
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Coal-rich nations' policies to hit power cos
Development of new proÂjeÂcts could face problems from the regulatory reforms being undertaken by coal-rich nations - from where the fossil fuel is sourced.
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Coal shortage to hit power addition plan
Shortage of coal is expected to impact the country's new capacity addition plans to the tune of 15,000 MW in the current fiscal.
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Solar power can meet 5-7% power requirements
A study published by KPMG, a global consulting coÂmpany, has forecast that solar power can meet 5-7 per cent of India's total power requiremÂents by 2021-22.