Russia has offered Indian oil companies a stake in the second phase of Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic. Petronet LNG, India´s biggest natural gas importer, is studying the offer, while other state-owned firms like Indian Oil Corp (IOC) may join in later.
Tag: Russia
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Jharkhand 10th highest receiver of FDI
Proving itself as a major emerging investment destination, Jharkhand has been ranked as the 10th highest receiver of Foreign Direct Investment proposals in the year 2015, in a ranking of top FDI earning states in India and China.
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India retains top slot in air traffic growth
India retained the top slot as the fastest growing domestic air traffic market in September with a demand growth of 13.2 per cent over same month last year.
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Assets of India´s financial institutions reach $2.8 trillion
According to a report, the total value of assets held by India´s financial institutions touched $2.8 trillion, the third largest among BRICS nations, in 2013.
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BHEL to explore new business models
BHEL is exploring new business models apart from scouting for overseas opportunities in Russia, Kazakhstan and other countries
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India will go for gas, oil deal with Russia
India will not be wrapping the deal on Koodankulam 3 and 4 Energy pact with Russia.
Instead the country will push for an energy pact with Russia that could see a parallel twin gas and oil pipeline bringing energy overland into India. Indian Prime Minister Manmohan Singh arrived in Moscow on a two-day visit for the 14th India-Russian annual summit at the invitation of President Vladimir Putin on October 20.
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Russia plans to make commercial aircraft in India
In a move to slash cost of aircraft production India and Russia are planning production of two types of commercial aircraft in India. The move is expected to cut down the cost of aircraft production by 40 per cent, say media reports. Both the countries eye possible production of Russia's Superjet 100 regional airliner and a future Irkut MS-21 jetliner on the territory of India.
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BHEL thermal power units in Buryatia
Bharat Heavy Electricals (BHEL) is looking to build two thermal power plant units in the Russian internal republic of Buryatia. Executives from BHEL recently met representatives of the Buryatia government to negotiate over the
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India enters 1 billion-tonne rail cargo club
Indian Railways, by carrying 100 million tonne cargo in March, has entered the select group of countries such as the US, China and Russia that load a billion tonne of cargo in a year. It is the second time for Indian Railways to carry such a large volumes in a month.
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BRICS to set up development bank for infra projects
At the recently concluded BRICS summit in Durban, Brazil, Russia, India, China and South Africa decided to set up a development bank to finance infrastructure projects in these countries. But the countries have not decided the size of the proposed bank, leaving it to finance ministers to nego
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