Fiscal responsibility act (FRBM Act) will soon include all infrastructure projects executed through annuity payments by the government to private sector developers to ensure they do not become a big burden in the future.
Tag: Update
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Nine way split for L&T
Larsen & Toubro`s Chairman AM Naik has kicked off a restructuring plan that will divide the Rs 3,7000 crore engineering and infrastructure behemoth into nine virtual companies.
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Projects without coal linkages
NTPC has been granted environment clearance for setting up three coal-based power plants, even before the source of coal has been determined.
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Dry transformers for delhi
Delhi’s private power distribution companies BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL) will replace around 700 oil-based transformers, located mainly in basements, to address safety and environmental concerns.
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IOC revisits Ennore for LNG and power
Indian Oil Corporation (IOC) will commission a detailed feasibility report (DFR), which will cost Rs 3-4 crore on a 2.5 mt a year liquefied natural gas (LNG) import terminal at Ennore.
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ONGC bids for stake in Angola oil block
Oil and Natural Gas Corporation (ONGC) has bid for US energy major Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.
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ZWZ to set up ops in India
ZWZ Bearings, a leading player in the bearing industry, plans to set up its operations in India.
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PNGRB invite bids for gas pipelines in AP and TN
Petroleum and Natural Gas Regulatory Board (PNGRB), has invited invited Expression of Interests (EoIs) for a laying pipeline from Chennai to Nellore.
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NHAI's new financial plan
The National Highways Authority of India (NHAI) is in the process of preparing a new draft plan as its earlier proposals were rejected by the Planning Commission citing that NHAI would find it difficult to borrow funds from the market.
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Centre to fund Metro's escalated cost
The Union government will share the cost escalation of Rs 5,511 crore of the Bangalore Metro project with the Karnataka government.