Oil and Natural Gas Corporation (ONGC) plans to invest about Rs 26,000 crore in putting 50 onshore and offshore fields on production, 49 through inhouse efforts and one through service contract.
Tag: Infrastructure Today
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India to spend Rs 2.64 lakh cr on highways in 12th Plan
In the next five years, the Union government is expecting an investment of over Rs 2.64 lakh crore in the road sector, of which over 65 per cent will come from the private sector.
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Cost-effective road technology from IPPL
India Polyroads (IPPL) has introduced high quality polymer stabilisation products that make road construction more cost effective and time saving.
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Uniform revenue share for mobile companies at 8.5%
Telecom Commission has approved major policy changes, including a uniform revenue share for mobile phone companies at 8.5 per cent of their annual sales.
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India Coal Conference 2011: Coal-based power no longer lucrative biz
Conference discusses viable options before coal industry; domestic production of coal, not increase in its price, needs a boost to correct situation, say experts.
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Banks can up infra lending by Rs 1 lakh cr: CRISIL
Banks can increase their funding capaÂcity to the infrastructure sector by Rs 100,000 crore over the next four years, rating agency CRISIL said.
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Lock-in period of infra bonds to be halved
Aiming at creating greater interest among foreign investors, the Finance Ministry has decided to halve the lock-in period for foreign portfolio investments in infrastructure boÂnds to on-and-a-half years.
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Tourism infra deal
For development of tourism infrastructure in the state, Himachal Pradesh government, signed a $95.16 million loan agÂreement with Asian DevelopÂmÂent Bank (ADB).
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MFs with 5-yr record can float infra debt funds
With regard to the infrastructure debt funds (IDFs), the SEBI board has approved the framework for setting up of the IDF by any existing mutual fund house that has been in the infrastructure financing business for at least five years.
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India to award $3.8 bn worth port projects
India is set to award 23 contracts for port expansion worth $3.8 billion this fiscal year.