The total investment required in urban transport works out to roughly about Rs.1 lakh crore per year for the next 20 years. It is important to find appropriate ways and means to be able to generate this kind of investment.The next phase of IndiaĆĀ“s growth is predominantly dependent on planned urbanisation and the key to planned urbanisation is robust.
Tag: marketing
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SAIL plans to sell 1 mn t steel through dealerships
Through its dealers, state-run Steel Authority of India (SAIL) plans to sell 1 mn t of steel, SS Mohanty, Director (technical) of the firm said. He said this while addressing the Annual Dealer's Award ceremony. The event was conducted to award the company's outstanding dealers in the Eastern Region
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Net profit of GAIL declines on lower gas volume
Net profit of GAIL India declined 28.7 per cent to Rs 808 crore during April-June quarter from Rs 1,134 crore in the year-ago period. The country's largest gas transmission and marketing company witnessed 16 per cent growth in sales to Rs 12,856 crore during the quarter. The state-run utility witnessed fall in net profit as it transported less gas and its LPG margins declined on dryin
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IOC to invest Rs 110 bn
The capital expenditure of Indian Oil Corporation (IOC) is pegged at Rs 11,000 crore during 2013-14.
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ONGC seeks buyers for natural gas
Oil and Natural Gas Corporation (ONGC) intends to sell 15,000 standard cubic metre per day (scmd) of gas from the marginal gas fields in Gamij near Kheda. The public sector major will sell the 15,000 gas from the field for a period of five years. For this purpose, the state-run energy explorer invited fresh bids from interested gas consumers after facin
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JSL may make marketing arrangement with Posco
Jindal Stainless (JSL) and South Korean steel maker Posco are planning to start jointly a marketing arrangement for a grade of stainless steel that JSL claims to have been particularly successful in commercializing. JSL would benefit from this proposed arrangement as it could access markets through the South Korean steel
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Refining segment dominates RIL’s earnings
The operating profit or Ebit (earnings before interest, tax) of Reliance Industries (RIL) from refining and marketing rose 115 per cent to Rs 3,615 crore during October-December 2012 from the year-ago period. But the company's Ebit margin from oil and gas declined 54 per cent to Rs 590 crore against Rs 1,294 crore in the corresponding previous quarter. The petr
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IOC takes steps to weed out illegal customers
Indian Oil Corporation (IOC) is taking some stringent measures to weed out illegal customers of liquefied petroleum gas (LPG) or cooking gas in Gujarat. As part of these measures, the state-run oil marketing firm decided to block 4.7 lakh LPG consumer connections in the state for two reasons
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State-owned OMCs asked not to invest on petrol pumps
According to a government order, which was approved by the Oil Minister M Veerappa Moily, henceforth state-owned oil marketing companies (OMCs) will not invest in opening of new retail outlets and the investment is to be made by prospective dealers only. The order further states that the state-owned OMCs can set up petrol pumps only when the dealer is willing bear the Rs 1-1.5 crore cost of a
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Rise in world oil prices dents margin of OMCs
Owing to the recent rise in the international petrol price and depreciation of rupee, the marketing margin of Oil marketing companies (OMCs) on every litre of petrol declined considerably. During the second fortnight of November, the average international price rose to $118.64 a barrel from $113.74 a barrel in the first fortnight. The dollar-rupee exchange has
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