Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.
Tag: Update
Post
Post
AP's land allotment policy
Andhra Pradesh government will soon introduce a policy comprising specific guidelines for allotment of land to entrepreneurs.
Post
Privatisation plan revived
Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.
Post
Locals receive coal blocks
Coal Minister S Jaiswal approved a policy for small and isolated coal blocks that are economically unviable but are enough to feed local demand.
Post
IIFCL signs $250 mn deal with ADB
The government, Asian Development Bank (ADB) and the IIFCL have signed a $250 million loan agreement for tranche 2 of the ongoing Second India Infrastructure Project Financing Facility.
Post
Oil prices favor gas cos
The gap between the price of crude oil and natural gas will provide an impetus to a fast shift towards cheaper natural gas.
Post
Nomura floatS $500 mn fund
Nomura Securities plans to raise $500 million India Infrastructure Fund from domestic investors to invest in companies that build roads, ports and power utilities.
Post
Noida gets Rs 5K cr thrust
Noida received a budgetary allocation of Rs 4,997.65 crore out of the Rs 17,000 crore allotted for the development of Noida, Greater Noida and Yamuna Expressway.
Post
615.7 mt traffic in 2011-12
Union Minister of Shipping, GK Vasan said that the traffic handling at major ports is forecast at 615.70 million tonne for 2011-12 as per National Maritime Development Programme.
Post
MbPT increases capacity
The Mumbai Port Trust (MbPT) is expecting its container traffic to improve as its offshore container terminal (OCT) project gets ready in 2011-12.