The Asian Development Bank (ADB) and the Government of India signed loan agreements worth about $605 million (around Rs 3,760 crore) for three separate projects to better rail services, power and roads in the country.
Tag: transmission
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Net profit of GAIL declines on lower gas volume
Net profit of GAIL India declined 28.7 per cent to Rs 808 crore during April-June quarter from Rs 1,134 crore in the year-ago period. The country's largest gas transmission and marketing company witnessed 16 per cent growth in sales to Rs 12,856 crore during the quarter. The state-run utility witnessed fall in net profit as it transported less gas and its LPG margins declined on dryin
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Foundation stone for Rs 33 bn worth projects laid in UP
Uttar Pradesh Chief Minister Akhilesh Yadav laid foundation stone for infrastructural projects worth over Rs 3,300 crore. These include Rs 2,200 crore roads and bridges projects, besides power transmission and distribution projects worth over Rs 1,100 crore. Speaking to reporters after laying foundation, Yadav promised that his government would go full throttle in
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Govt mulls Rs1.5 bn infra projects in six months
Across various sectors including ports, airport and power & transmission, railways, the central government plans to implement Rs 150,000 crore worth projects in the next six months. After taking approvals from the Cabinet, the government plans to award these infrastructure projects in the next six months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyĆās support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyĆās support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part
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Alstom delivers Myanmar transmission project
Alstom T&D India has delivered a Rs 105 crore transmission project in Myanmar for Power Grid Corporation of India (PGCIL).
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Govt to extend Dabhol pipeline upto Mangalore
The natural gas pipeline laid between Dhabol in Maharashtra and Bangalore would be extended up to Mangalore via Chitradurga, Union Minister for Petroleum and Natural Gas M Veerappa Moily said. The extension of the pipeline till Mangalore would enable the government to supply gas to domestic and commercial consumers in the coastal town. Moily said this while addressing a press
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Ministry receives request from GSPC on gas pricing
Reports indicate that the union petroleum ministry received a request from Gujarat State Petroleum Corp (GSPC) to allow the latter to price the natural gas from its Deen Dayal West (DDW) gas field in block KG-OSN-2001/3 on par with imported LNG. According to the request submitted recently, the Gujarat government-owned firm wants the oil ministry to allow it to price its 5.24 million standard cubic meter per d
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GAIL aims transmission of 110 mmscmd of gas in FY14
According to a company statement, state-owned gas utility GAIL India agreed to aim transmission of 110 million standard cubic meter per day of natural gas through its pipeline network in 2013-14. The company aims to sell 84.05 mmscmd of gas during the year, according to the performance memorandum of understanding (MoU) signed by the company with the government