ONGC plans to spend Rs 176 billion on drilling 535 oil and gas wells during 2018-19. These wells nclude 24 deepwater development wells in the KG DWN-98/2block.
The MoCA granted site clearance for the development of the New Pune (Purandar) international greenfield airport project on May 8, 2018. The clearance was given based on the recommendations made by the steering committee. With […]
H-Energy has launched the country’s first floating liquefied natural gas (LNG) terminal at Jaigarh port in Maharashtra’s Ratnagiri district. The LNG terminal has a capacity of 4 mtpa and is slated to begin commercial operations […]
The MoCA has given its in-principle approval for the development of the Jewar greenfield airport project (Greater Noida). The model bid document for the project has been prepared by NITI Aayog and expressions of interest […]
AAI is planning to privatise as many as 15 airports, including the facilities at Chennai and Ahmedabad, as a part of its move to enhance the country’s aviation infrastructure. The government had earlier decided to […]
The Maharashtra government has constituted a task force for the successful implementation of the Navi Mumbai international airport project. The greenfield project, involving an investment of Rs 167.04 billion, will be developed in four phases […]
IOCL plans to lay a 330 km pipeline from Paradip to Haldia via Somnathpur to evacuate products from its Paradip refinery. IOCL’s board has already given the first-stage approval for the pipeline project, which will […]
Coal India Limited expects to introduce the new gross calorific value (GCV)-based coal pricing mechanism by July 2018. Earlier, the company had proposed the release of the new pricing mechanism in April 2018. The new […]
The Insolvency and Bankruptcy Code [IBC], 2016, has captured the imagination of corporate India, the banking sector and professionals alike. The pink newspapers carry significant coverage of all the IBC cases, demonstrating the importance of […]
With the aim of providing liquefied petroleum gas (LPG) connections to 80 million below poverty line (BPL) households, the central government launched the Pradhan Mantri Ujjwala Yojana (PMUY) in May 2016. The scheme, which is […]
Private equity (PE) firm Everstone Group has formed an equal JV with British solar power company Lightsource BP to set up a £500 million ($710 million or Rs 46.73 billion) India-focused green energy fund. The […]
The Ministry of Finance is set to revamp the operations of India Infrastructure Finance Company Limited (IIFCL) with the government tasking it with funding projects of social and national importance. Apart from its current role […]
The Uttar Pradesh government plans to raise Rs 120 billion for the 341 km Poorvanchal Expressway. The state government has issued an expression of interest document, stating its intention to raise the requisite funds from […]
Bharti Airtel has approved the merger of Indus Towers with Bharti Infratel in a deal that will create the largest tower company in India. Operationally, the combined entity, to be called Indus Towers Limited, will […]
Kuwait Petroleum International is reportedly in talks to buy a 24 per cent stake in the Bina joint venture (JV) refinery in Madhya Pradesh. The Bina refinery is operated by Bharat Oman Refineries Limited (BORL), […]
ReNew Power Ventures Private Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). Reportedly, the issue size is estimated […]
ReNew Power is reportedly planning to acquire five renewable energy companies with a solar and wind portfolio aggregating a capacity of 680 MW, for Rs 60 billion. The acquisition, which is expected to materialise over […]
Tata Communications plans to acquire Tata Teleservices’ Limited (TTSL) enterprise business and has sought approval of the Department of Telecommunications (DoT) for the same. The government is currently evaluating the proposal. In October 2017, the […]
L&T Limited has signed a definitive agreement with Schneider Electric for the sale of L&T’s electrical and automation business for an all-cash consideration of Rs 140 billion. Schneider Electric has formed a consortium with Singapore’s […]
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