The Union cabinet has approved a proposal by the Ministry of Shipping (MoS) for the provision and operationalisation of a $150 million line of credit from the Export Import Bank of India for the development […]
The MoS has released the draft national perspective plan under the Sagar Mala project. A total of 150 projects involving port modernisation, connectivity, port-led industrialisation and coastal community development have been identified under the plan. […]
The Union cabinet has approved a proposal by the Ministry of Shipping (MoS) for the provision and operationalisation of a $150 million line of credit from the Export Import Bank of India for the development […]
A number of state-run gas distribution companies have objected strongly to the Petroleum and Natural Gas Regulatory Board’s (PNGRB) proposal to end their exclusive rights to distribute gas in their respective cities and declare the […]
Meanwhile, Reliance Gas Pipeline Limited (RGPL) has also secured environment clearance for its Rs 14.28 billion project to build a 486 km long pipeline through Gujarat and Maharashtra, for the transportation of liquid ethane. Among […]
BPCL has received environmental clearance for a Rs 3.37 billion pipeline project for its refinery at Kochi, Kerala. The pipeline will connect the refinery to the state’s existing pipeline network. The coastal regulation zone clearance […]
The government has introduced the Hydrocarbon Exploration and Licensing Policy (HELP), which will require companies to acquire a unified licence to manage all hydrocarbon reserves such as oil, gas, shale and coal bed methane. According […]
The Ministry of Petroleum and Natural Gas (MoPNG) is working on a policy for setting up a trading desk for oil marketing companies (OMCs) to allow them to buy crude from the spot market. This […]
The Centre’s green panel has given clearance to the Oil and Natural Gas Corporation (ONGC) for its Rs 17.52 billion project involving the drilling of 406 development wells in oilfields in Gujarat’s Cambay basin. The […]
IndiGo has received the first of the 430 A320neo aircraft it had ordered on March 11, 2016. The airline will induct 24 aircraft by March 2017. The first of these aircraft was slated for delivery […]
Trial landing at the Kannur International Airport, Kerala was conducted on February 29, 2016. The airport is expected to become fully operational by September 2016. Built at an estimated cost of Rs 18.92 billion, it […]
The City and Industrial Development Corporation (CIDCO) plans to invite requests for proposal for the Navi Mumbai International Airport Project from three qualified bidders after March 20, 2016. The Maharashtra Project Monitoring and Implementation Committee […]
Recarpeting and repair works on the 3.5 km runway of the Sardar Vallabhbhai Patel International Airport in Ahmedabad, Gujarat, will commence from April 16, 2016, at an estimated cost of Rs 270 million. Currently, recarpeting […]
The new international terminal (Terminal 3) of the Cochin International Airport has been inaugurated. It will be fully operational by May 2016. Developed at a cost of Rs 10 billion, the terminal has a peak-hour […]
International ratings agency Fitch is expecting the non-performing asset ratio of banks to improve marginally to 10.9 per cent by the end of this fiscal year from 11.1 per cent in 2014-15. According to Fitch, […]
Meanwhile, the MoCA plans to scrap the 5/20 norm for flying overseas. Instead, it is considering the introduction of a 0/20 total capacity model. Under the proposed model, airlines are required to allocate 20 aircraft […]
CRISIL has cut both the short-term and long-term rating of Jindal Steel and Power Limited (JSPL) to CRISIL D from CRISIL A4+ and CRISIL BB+ respectively. JSPL has issued a statement clarifying that the reduction […]
Air India Express, a subsidiary of Air India, is expected to report a profit of Rs 2.5 billion in 2015-16, against a loss of Rs 610 million in 2014-15, on the back of higher aircraft […]
Power Grid Corporation of India Limited’s (Powergrid) board has approved investments aggregating Rs 8.85 billion in two projects. Of this, Rs 8.09 billion is for the strengthening of transmission systems for the transfer of power […]
The cabinet is planning to approve two mega port projects involving initial investments of Rs 150 billion. The ports are to be built in Colachel, Tamil Nadu, and Dahanu, Maharashtra, under the public-private partnership mode. […]
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