The Ministry of Finance has approved a proposal to extend a government guarantee of Rs 50 billion for Indian Railway Finance Corporation (IRFC) bonds, to be subscribed by the Life Insurance Corporation [LIC] of India, to […]
The Association of Power Producers (APP) has written to the Reserve Bank of India (RBI) requesting a relaxation of the recent guidelines (released in February 2018) regarding stressed assets. As per the guidelines, even a […]
Energy Efficiency Services Limited (EESL) has floated its second pan-Indian tender for procuring 5 million smart meters. The tender is based on international competitive bidding and the meters will be installed in states across the […]
Bharat Heavy Electricals Limited (BHEL) has commissioned the third 110 MW unit of the 330 MW Kishanganga hydroelectric project of NHPC Limited. The project is located in Bandipora district of Jammu & Kashmir. With this, […]
NTPC has recently commissioned three coal-based units across its thermal power stations. These are the first 660 MW unit of the 1,320 MW Meja thermal power station in Uttar Pradesh, the first 800 MW unit […]
The Central Electricity Authority (CEA) has revised the National Electricity Plan (NEP) and estimated a thermal power capacity requirement of 6,440 MW during 2017-22. This is in addition to coal-based power projects aggregating 47,855 MW […]
The Ministry of Power has proposed the setting up of an SPV, a collaboration between the Power Finance Corporation, the Rural Electrification Corporation and NTPC Limited, to operate stressed power plants in the country. As […]
The government has introduced a pilot scheme to procure 2,500 MW of power from plants without power purchase agreements (PPAs) in an attempt to provide some relief to the sector. PTC India Limited will sign […]
The Inland Waterways Authority of India has engaged a consultant to prepare feasibility studies for the development of ferry services and the identification of locations at Varanasi, Patna, Munger, Bhagalpur, Kolkata and Haldia. The ferry […]
The central government has flagged off the inland ferry service from Baina to Panaji in Goa. The ferry service is expected to reduce the travel time from one hour by road to 20 minutes.
The Chennai Customs Zone has permitted 24×7 direct port entry (DPE)/direct port delivery (DPD) at the Container Corporation of India’s (CONCOR) Tondiarpet facility. CONCOR has requested traders to avail the 24×7 DPE/DPD facility at Tondiarpet […]
India Ports Global Private Limited (IPGPL) has ordered 14 rubber-tyred gantry cranes (RTGCs) worth $18 million from Finnish crane maker Cargotec OYJ, to be deployed at Chabahar port in Iran. Earlier, IPGPL had signed a […]
A joint venture (JV) of BPCL and HPCL has won the rights to develop and operate a liquid terminal of 3 mt capacity at Kamarajar port. The JV was awarded the project worth Rs 3.93 […]
As of March 31, 2018, the Indian shipping industry had a fleet of 1,382 vessels of 12.57 million gross tonnage (GT) and 19.08 million deadweight tonnage (DWT). Of the total vessels, 934 were coastal vessels […]
The Visakhapatnam Port Trust (VPT) has terminated the concession agreement with Adani Ports and Special Economic Zone Limited (APSEZL) for the Eastern Quay (EQ)-1 berth development project. Reportedly, the agreement has been cancelled due to […]
Construction work on the multi-user liquid terminal (MULT) jetty for unloading liquefied petroleum gas (LPG) at Cochin port has been completed. The jetty, which was developed at a cost of Rs 2.25 billion, is expected […]
The Shipping Corporation of India (SCI) has given physical delivery of its passenger vessel, M.V. Harshavardhana, to its buyer. Earlier this year, SCI sold its vessel, M.T. AK Azad, for further trading on an “as […]
Great Eastern Shipping Company Limited (GE Shipping) has signed a contract for the purchase of a 36,567 cubic metre vessel. The 1996-built vessel is expected to be added to GE Shipping’s fleet by the first […]
During fiscal year 2017-18, Indian major ports handled 679.36 million tonnes (mt) of traffic, compared to 648.4 mt in 2016-17, registering an increase of 4.77 per cent. Deendayal port (erstwhile Kandla port) handled the maximum […]
The Saudi Arabian Oil Company (Saudi Aramco) will partner with a consortium of Indian state-run refiners to set up the world’s largest refinery and petrochemical complex at Ratnagiri in Maharashtra at an investment of $44 […]
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