Between 2014 and 2016, Cairn India has planned a net capital investment of $3 billion in its Rajasthan oil and gas field, Chief Executive P Elango said in the company's annual report. By March 2014, Cairn India aims to raise crude oil production from the Rajasthan asset by as much as 23 per cent to 215,000 barrels per day
Tag: Rajasthan
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Nod to two-laning of Uniara-Gulabpura NH in Rajasthan
For two-laning with paved shoulders (PS) of a key highway in Rajasthan, the Cabinet Committee on Economic Affairs has given its approval. The project is the two laning of the Uniara-Nainwa-Hindoli-Jahajpur-Shahpura-Gulabpura section of NH-148D in the state under the National Highways Development Project (NHDP) Phase IV, on engineering, procurement and construction (EPC) basis. The cost is estimated to be Rs 774.33 crore.
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CCEA likely to clear national highway project in Rajasthan
Under the National Highways Development Project (NHDP) Phase-IV, the Cabinet Committee on Economic Affairs is likely to accord final approval for development of a National Highway in Rajasthan soon. Final approval is likely for the selected sub-project approved by Expenditure Finance Committee (EFC) for the development of two laning with paved shoulders of Uniara, Nainwa, Hindoli, Jahanpur, Shahpura, Gulabpura section of National Highway NH-148D in Rajasthan, sources said.
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RINL to invest Rs 25 bn on iron ore project
State-run steel maker RINL plans to set up an iron ore beneficiation plant and a 2 million tonne pellet plant in Bhilwara, Rajasthan at a cost of Rs 2,500 crore. Through the proposed beneficiation plant, the company would make value addition of the iron ore mined from the block awarded to it by the Rajasthan government recently at Bhilwara. The value added output would be used at RINL's Vizag steel plant
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Analysts divided on Cairn India’s demand for relinquished block
Industry analysts are divided on the issue of whether the government must allow Cairn India to explore the to re-explore an area of Barmer block that it had earlier relinquished. Some experts feel that the government should not give back the area to Cairn India and instead put the asset for auction and allow the company to bid for it along with other players
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IL&FS gets nod for three road projects
Concession agreements have been signed with the authorities concerned for three road projects in Rajasthan, Punjab and Himachal Pradesh, IL&FS Transportation Networks has stated in a communication to the Bombay Stock Exchange (BSE). The road projects are: Kiratpur Ner Chowk section of NH 21 of 90.175 km in Punjab and Himachal Pradesh.
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Conventional oil and gas more desirable in Rajasthan block
Some experts argue that Cairn India must concentrate on oil and gas production from its Rajasthan block instead of foraying into shale gas exploration in the area. Experts argue that shale gas exploration is a technology-intensive area, which is at its infancy even in the United States
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Cairn India seeks extension of contract for Barmer block
Cairn India, which plans to invest $3 billion over three years to improve reserves and increase production, primarily in Rajasthan, wants government to extend contract on Barmer oil block by 10 years. The company would invest this amount after considering the remaining economic life of the field. Therefore, the firm seeks extension of the contract perio
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Six new airports to come up in Rajasthan
In Rajasthan, as many as half-a-dozen new airports are either proposed or nearing completion. As such you can skip the tiresome journey to popular tourist and business towns in the state and opt for a flight, instead. The Airport Authority of India (AAI) has stated that its plans to open an airport at Sawai Madhopur, home to the big cats. A team of AAI will visit Sawai Madhopur to find the possibilities of flight operation from this part of the state.
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Cairn India wants govt to remove discrimination
In a letter to the union oil ministry, P Elango, CEO of Cairn India asked the ministry to do away with the discrimination between NELP and pre-NELP blocks while giving the right of first refusal for shale gas exploration. It may be recalled that the draft policy for exploration of shale gas provides for giving operators of block awarded under New Exploration Policy (NELP) since 2000, the right of first refusal for exploiting the unco