Petronet LNG is mulling to invest $1 billion to set up a 5 million metric tonne per annum liquefied natural gas (LNG) terminal on the east coast.
FlashNews:
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NLC eyes on cancelled NTPC coal blocks
The Union Government received request from Neyveli Lignite (NLC) to allocate three coal blocks that were recently withdrawn from NTPC.
Revised DFR for Azhikkal port
Following the refusal of investors to participate in the tendering process, Kerala government has called for a revised detailed feasibility report (DFR) from the consultant, Deloitte India, for the development of Azhikkal port in Kannur district.
CONCOR to ferry container cargo from KPCL
Krishnapatnam Port Company (KPCL) has signed an agreement with Container Corporation of India (CONCOR) for movement of container traffic from the east coast port in Nellore district of Andhra Pradesh to the hinterland.
Oil Min against independent regulator
The Oil Ministry accepted Chawla Committee's recommendation to make functioning of the Directorate General of Hydrocarbon (DGH) more transparent to prevent corruption charges.
STP boost to IT industry
The Central government is likely to extend several incentives for Information Technology sector in the country.
IPCL consortium to invest Rs 264.5 bn in power sector
A consortium of India Power Corporation (IPCL) and DPSC proposed an investment of Rs 26,450 crore in the power sector in four to five years.
PowerGrid to invest Rs 1 tn in 12th plan
Powergrid Corporation of India is finalising plans for a capital expenditure of about Rs 100,000 crore during the 12th Five Year Plan period.
700 MW nuke plant
Following the government approval, the construction of the 700 mw indigenous Pressurised Heavy Water Reactor (PHWR) atomic power plant at Rawatbhata in Rajasthan began.
FLSmidth receives EPC project
Jhabua Power awarded approximately EUR 25 million worth coal handling plant project to FLSmidth.

