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Govt awards Rs 13,185 cr transmission projects to pvt cos

Govt awards Rs 13,185 cr transmission projects to pvt cos

The Union Minister of State for Power Jyotiraditya M. Scindia has stated that the power transmission sector was opened up for private sector participation through mandatory competitive bidding with certain exemptions as per Tariff Policy notified by Government of India on January 6 in 2006 and the Gazette notification on July 8 July in 2011.

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Private refiners reduce export to cater to domestic demand

Private refiners reduce export to cater to domestic demand

Reports suggest that private sector oil refining firms like Essar Oil have reduced export of diesel recently in order to cater to the rising demand in the domestic market. Diesel is used in the industrial, agricultural and transport sectors in the country. For example, Essar Oil has reportedly offered only one d

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Centre eyes stiff road target in Five-year plan

Centre eyes stiff road target in Five-year plan

To get at least 47 per cent investment from the private sector during this 12th Five Year Plan (2012-17) period for construction of highways, the Union government is likely to set a stiff target for Road Transport and Highways Ministry. This is 9 per cent more than what the sector has got during the 11th Five Year Plan.

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The Predictability Issue

The Predictability Issue

There are many ways in which private developers and contractors can (and do) jeopardise their own balance sheets. But given that the private sector works on profits and viability, it depends on the government in PPP