Experts and industry observers urge oil and gas companies to accelerate engineering and production activities in order to bridge the demand-supply gap in crude oil. The country depends on import for over 70 percent of its crude oil requirement and this puts huge pressure on India's import bill
Tag: infrastructure
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Proposed wharf project may cost Rs 44.5 cr
The proposed wharf project at at Mangalore Old Port is estimated to cost around Rs 44.5 crore, Lakshadweep MP Muhammad Hamdullah Sayeed informed reporters. The Lakshadweep government proposed to construct the wharf at the port and expects to begin work on it once the Karnataka government clears the proposal
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Lakshadweep proposes wharf project at Old Mangalore Port
The Lakshadweep union territory government has sent a draft proposal to the Karnataka government to set up a 300-metre-long dedicated wharf at Old Mangalore Port for the benefit of the Lakshadweep administration. Hamdulla Sayeed, Member of Parliament from Lakshadweep informed this when he visited the Old Mang
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Azhikkal port to negotiate revenue share with ABG
Authorities of Azhikkal port is in the process of negotiating the revenue share with the sole bidder -Mumbai-based ABG Group - for its proposed cement terminal project. It may be noted that when the port issued tender for the first time, even ABG delayed submitting a detai
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Odisha govt targets Rs 50 bn worth PPP projects
During the 12th Five-year Plan period (2012-17), Odisha government plans to commission Rs 5,000 crore worth PPP (public private partnership) projects. The state government has already operationalised 12 projects while nine are under various stages of construction. These are part of the 54 projects identified by the state government for implementation on the PPP mode
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HUDCO to raise Rs 50 bn via bonds
In order to provide long-term funds for housing and urban infrastructure projects, Housing and Urban Development Corporation (HUDCO) decided to raise a maximum of Rs 5,000 crore through issue of tax-free bonds. The bonds, which are expected to hit the market in a few days, would be listed on the NSE. SBI Capital Mark
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Panel selects consultant for expressway project
The consultant evaluation committee for the greenfield six lane access controlled Agra to Lucknow expressway project has finalised consultant for the project. At a meeting headed by Infrastructure & Industrial Development Commissioner (IIDC) Anil K Gupta, the com
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Prioritise urban infra
National Urban Transport Policy [NUTP] was cleared initially way back in 2006, with a vision statement, to "make our cities the most liveable in the world and enable them to become the engines of economic growth". Given the organisation of our cities' infrastructure, it will be a mammoth task for any city to bring order and predictability, let alone promote sustainable forms of transport.
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Gross NPAs of state-run banks rise
Minister of State for Finance Namo Narain Meena informed Lok Sabha that the gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012. During the same period, the gross NPA (as a percentage of gross advances) of SBI Group, rose from 2.82 per cent in March 2010 to 5.16 per cent in September 2012,
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Govt to take early decision on NIB
Finance Minister P Chidambaram informed Rajya Sabha that the government would take an early decision on the proposal to set up a National Investment Board (NIB) under Prime Minister Manmohan Singh. The board is intended to expedite clearances for mega projects. A proposal is under consideration for constitution of a Cabinet committee with Prime Minister as ch