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IL&FS Engineering bags Rs.52.4-cr GAIL contract

IL&FS Engineering bags Rs.52.4-cr GAIL contract

IL&FS Engineering and Construction Company Ltd has received the Letter of Acceptance (LoA) from Gas Authority of India Ltd (GAIL) for laying and construction of a pipeline along with associated works for a pipeline replacement project in Gujarat.

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Punj Lloyd gains on winning pipeline contract in Turkey

Punj Lloyd gains on winning pipeline contract in Turkey

Shares of Punj Lloyd were up over 6 per cent at Rs.25.55 on the BSE after the company said it has won the 459km of the 48-inch diameter Trans Anatolian Natural Gas Pipeline (TANAP) in Turkey worth Rs.2,780 crore (US$ 409 million) in joint venture with Limak (50-50) share.

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Piping hot

Piping hot

During the Eleventh Plan period (2007-2012), domestic players exceeded the planned capital expenditure outlay. They invested Rs 2,751.6 billion, 120 per cent of the planned target of Rs 2,289.9 billion.

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NLC to acquire multiple power projects

NLC to acquire multiple power projects

Neyveli Lignite Corporation (NLC) is examining a number of power projects on offer to scale up its generating capacity rapidly. B Surender Mohan, Chairman and Managing Director, NLC, said it is examining nine projects, where the promoters have showed interest in letting NLC acquire the projects.

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GAIL India faces delay in pipeline project

GAIL India faces delay in pipeline project

The 900 km gas pipeline project of GAIL India is facing delay because of land acquisition issue in Kerala and Tamil Nadu. It is learnt that GAIL has so far completed only 30 km of the pipeline. GAIL India is constructing a 505 km pipeline through Kerala, 310 km through Tamilnadu and 85 km through Karnataka

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