Monnet Ispat and Energy Limited’s creditors have approved an offer made by a consortium of distressed asset fund AION Capital Partners and JSW Steel. The offer includes a payment of Rs 24.5 billion to the […]
The Noida Metro Rail Corporation has received Rs 6.87 billion from the Ministry of Housing and Urban Affairs (MoHUA) for the development of the Aqua Line. Construction is ongoing and passenger services are scheduled to […]
The Delhi Metro Rail Corporation has integrated the use of Delhi Metro smartcards with feeder bus services and 13 parking facilities in the NCR. The feeder bus network comprises 200 buses on 40 routes. The […]
The Uttar Pradesh government has allocated Rs 5 billion for the development of metro rail networks and the Delhi-Ghaziabad-Meerut regional rail transit system (RRTS). Of the total amount, Rs 2.5 billion has been allocated for […]
The executive committee of the Mumbai Metropolitan Region Development Authority (MMRDA) has appointed contractors for the construction of an elevated viaduct and stations of the Mumbai Metro, Phase I, Line 2B project (DN Nagar-Mankhurd-Mandale) and […]
The Supreme Court has reduced the amount of Cauvery water for Tamil Nadu to 404.25 thousand million cubic feet (tmcft) from the 419 tmcft allotted by the Cauvery Water Disputes Tribunal (CWDT) in February 2007. […]
An MoU has been signed between India and Germany for technical co-operation under the Sustainable Urban Development Programme and the Smart Cities Mission in India. The German contribution to the project is up to Euro […]
Dipesh Dipu, Founder and Partner, Jenissi Management Consultants The Cabinet Committee on Economic Affairs has approved the methodology for the auction of coal mines for commercial mining. Earlier, the Ministry of Coal had published a […]
Indian Oil Corporation Limited (IOCL) has announced that it will invest Rs 700 billion to expand its refining capacity from the current 80.7 million tonnes per annum (mtpa) to 116.55 mtpa by 2030. IOCL also […]
The Abu Dhabi National Oil Company (ADNOC) has agreed to fill the strategic crude oil reserve at Mangaluru starting May 2018. ADNOC will spend about $400 million on 5.86 million barrels of crude oil that […]
ONGC Videsh Limited has announced that it will bid for the development rights to Iran’s giant South Azadegan oilfield. The company will also rework the $6.2 billion cost of developing the Farzad-B gas field in […]
Production from the Oil and Natural Gas Corporation (ONGC)-owned Krishna Godavari-D5 block may be delayed due to regulatory policy changes and ONGC may miss the June 2019 deadline for starting production from the block. As […]
urkmenistan announced on February 23, 2018, that it has commenced work on the construction of the Afghan section of the $8 billion TAPI (Turkmenistan-Afghanistan-Pakistan-India) natural gas pipeline. It will be fed from the Galkynysh gas […]
The central government has informed the Supreme Court that the supply of BS-VI auto fuels (both petrol and diesel) to retail outlets in Delhi will begin from April 1, 2018. BS-VI emission norms are slated […]
Reliance Industries Limited could stop production from its MA field in the KG-D6 block from October 2018 as the field has been showing a steady decline in output for several years. The possibility of shutting […]
The Ministry of Petroleum and Natural Gas (MoPNG) launched the Chennai Petroleum Corporation’s (CPC) Rs 31.1 billion residue upgradation project at the latter’s Manali refinery on February 26, 2018. Residue upgradation is a process which […]
The MoPNG has recently announced that it is working on a new National Biofuels Policy. The policy will provide a roadmap for India to move towards adopting second-generation advanced biofuels from the first-generation sugar-based biofuels […]
The government has announced that it will consult ONGC and Oil India Limited before offering their discovered small fields (DSFs) to private players under the next round of the DSF auction.
GAIL (India) Limited has entered into a 20-year contract for importing 3.5 mtpa of liquefied natural gas (LNG) from US-based Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. The first shipment was flagged off on […]
The Jawaharlal Nehru Customs House (JNCH) has made it mandatory to upload supporting documents for all bills of entry filed in JNCH through the e-SANCHIT facility, with effect from March 15, 2018. As per the […]
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