Media reports indicate that ONGC is in the process of giving a contract to Cochin Shipyard for manufacturing a seismic ship. A seismic vessel carries equipment that sends down sound waves to the sea-bed and capture their reflections. Cables (called ‘streamers’) several kilometre long are laid is the water and an airgun is fired from the vessel. ‘Hydrophones’ on the cables, which lie at regular inter
Tag: project
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Department organises workshop
The Ports Department of Kerala government organised a workshop on coastal shipping with a thrust on the improvement of the Kollam cargo port on July 5. Participants in the workshop would discuss coastal environment security, shipping channels, a master plan for Kollam port, international shipping rules, rights of the fishing community and the employment opportunities arisin
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Railways invite RfQ for Rs 320 bn projects
Media reports indicate that the Indian Railways invited requests for qualification (RfQ) from domestic and foreign firms for setting up two locomotive factories at an investment of Rs 32,000 crore. The Railways expects to award these two projects, which include setting up diesel locomotive factory and a electric locomotive factory, by December. The Railways planned to set up an electric locomotive factory at Madhepura and a diesel locomotive factory at Marh
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Coal transloading project set to be completed
Inland Waterways Authority of India (IWAI) has reportedly completed most part of the transloading project for ferrying coal from Haldia port to Farakka thermal power plant of NTPC. IWAI is a facilitator of the coal transportation project and will play a key role in ensuring navigability. The c
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MMRDA to set up metro car depot in eco-friendly way
Mumbai Metropolitan Regional Development Authority (MMRDA) would set up the car depot for the proposed 33.5 km Colaba-Bandra-Seepz metro corridor in an environment friendly manner, UPS Madan, Commissioner of the authority said. The authority would prepare a plan for the construction of the metro depot to ensure that it does not have a negative impact on the environment. The depot would be built on a 30 hectare land in Aarey Colo
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Govt to seek assistance to rebuld infra in Uttarakhand
Ministry of Finance, Government of India, has decided to seek external assistance from the Multilateral Development Banks (MDBs) like Asian Development Bank (ADB) and the World Bank for rebuilding of damaged infrastructure in Uttarakhand. Loans from the MDBs would be passed on by Government of India to the state of Uttarakhand as 90 percent grant and 10 percent loan, since it is a special category state
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Japanese investors prefer investment in India
According to a survey of 1,000 companies by Japan Bank of International Cooperation, India is seen as the second-most favoured destination for investment, after China. Japanese investors consider India as the most promising country for long-term investment, reports indicate. Of all Japanese investment in India, Tamil Nadu accounts for 40 per cent, data from the Japan Chamber of C
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Steel output rises 6% for SAIL in June quarter
During Apr-Jun 2013, output of saleable steel rose 6 percent to 3.2 million tonne (mn t) from the year-ago period for Steel Authority of India (SAIL). Production of value added steel touched the best ever Q1 mark, at 1.28 mn t, a year-on-year growth of 4 percent. Across the company's various units, new projects worth around Rs 2,700 crore commenced operation betw
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OIL plans Rs 120 bn investment in North East till FY17
Sunil Kumar Srivastava, Chairman and MD of Oil India (OIL) informed reporters that the firm earmarked Rs 12,000 crore investment for its projects in North East out of the Rs 19,000 crore capital expenditure planned in the 12th Five-Year Plan. The company planned to invest Rs 19,000 crore on expansion of exploration work and diversification of business during 2012-
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Container traffic witnesses negative growth
According to some industry players, container traffic in the country is witnessing a negative growth. In this backdrop, it is not surprising that the Chennai Port Trust (ChPT) failed to get any response from bidders for its much-delayed Rs 3,686-crore mega box terminal project. Some industry players suggested ChPT to set up a multi-purpose berth-cum-cruise terminal instead of the cont