Public sector oil retailer Indian Oil Corporation has lost to Reliance Industries Ltd the contract for supplying diesel to the Indian Railways.
Delays in key Central sector projects have led to steep cost over-runs, which have been pegged at Rs 1 lakh crore, according to ASSOCHAM's estimates. The report said, till March 2013, the cost over-runs had been worked out at Rs 94,800 crore in about 285 central projects.
Oil companies in Chennai would be directed to shift petroleum pipelines in some areas on the back of complaints from residents that they are polluting the ground water. The Southern Bench of the National Green Tribunal was hearing a petition filed by local residents in North Chennai. The petitioner argued that the pipelines were carelessly laid in the midst of thickly populated areas of Chen