The complete deregulation of diesel prices and the announcement of the new gas pricing formula are bound to give a fillip to the oil & gas sector in the country. Finally, the oil & gas sector has been visited by the ´reforms
FlashNews:
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SunEdison signs MoU with Rajasthan govt
Global provider of solar energy services SunEdison Inc signed an MoU with the state government of Rajasthan to establish 5,000 MW capacity of solar power
Racks of investment
At present, India is not yet ready with the concept of third party involvement for building up rail infrastructure for coal linkages. Now with the positivity which the present government has got along, investors are optimistic about fast-track solutions for coal linkage issues.
BGR Energy bags Rs 303 cr worth projects
BGR Energy has bagged Rs 303 crore worth projects across power, water, oil and gas sectors, taking its total order book to Rs 11,667 crore. BGR Energy received the Letter of Intent (LOI) for two numbers of natural draught cooling towers
Cairn to extend Rajasthan block
Cairn India has sought partner ONGCs nod for extension of the licence of their prolific Rajasthan oil block beyond the contractual deadline of 2020.
Cairn to double gas output
Cairn India Ltd is planning to double gas output from its Barmer basin in Rajasthan by the end of the current fiscal. The company has estimated its Rajasthan gas reserves at one trillion cu ft (tcf).
Siemens bags PowerGrid contract
Siemens has bagged a contract worth Rs 411 crore from Power Grid Corporation (PGCIL) for setting up three Static Var Compensators (SVCs), each in Punjab, Rajasthan and Jammu & Kashmir.
Rural road development authority on anvil
Continuing with its development plans, the Rajasthan government is looking at the possibility of constituting a rural road development authority for connecting roads in its villages. To link 10,000 villages in the state with district headquarters, the Public Works Department (PWD).
Rajasthan to set up regulatory body for roads
To enhance the state's road network, the Rajasthan government will set up a regulatory body on lines of National Highways Authority of India (NHAI). The authority will be mandated to oversee the road construction and get the necessary approval for the concessionaire.
Sadbhav Engg to construct highway in Rajasthan
Sadbhav Engineering has won a Rs 212-crore highways project from the National Highways Authority of India (NHAI) in Rajasthan. The project falls under National Highway Development Project (NHDP)



