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Global oil russia

Russia’s oil production reaches 518.017 MT in 2012 »

Moscow: Russia marked a 1.3% increase in its oil production statistics, touching 518.017 million tonnes (MT), disclosed a data released by the Central Administration of the Fuel and Energy Complex.…

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China kick starts construction of $476 mn nuclear power plant »

Beijing: China has initiated construction of a new nuclear power plant involving an investment of $476 million. The power plant is equipped with a 200 MW fourth-generation reactor, which is…

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Adani completes Carmichael mining exploration in record time »

Mumbai: Adani Group has commenced exploration at the single largest and most comprehensive coal mining programme in Australia. The company deployed a record number of drill rigs to drastic to…

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DEWA opens investment avenues for Indian firms »

Dubai: Spelling out investment opportunities, the Dubai Electricity and Water Authority (DEWA) has sought the participation of Indian firms in the water and energy technology sector in its premium Water,…

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GCC’s Oil & Gas projects to revive with contract worth $50 bn in 2013: Report »

Muscat: The Gulf Cooperation Council (GCC) countries is expected to award project worth $50 billion in 2013, which is estimated at almost double the amount that has been awarded this…

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South Korea shuts two nuclear reactors, unprecedented power shortage in time to come »

Seoul: Following the termination of two nuclear reactors in South Korea, Hong Suk, Knowledge Economy Minister has cited unprecedented power shortages in affected areas. The reactors were shut due to…

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Govt approves site for Dholera Airport Project »

Minister of State for Civil Aviation, G.M. Siddeshwara

New Delhi: Government has given site clearance for the Greenfield international airport project at Dholera, Ahmedabad being developed by the…

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Mumbai-Ahmedabad high speed corridor likely to cost Rs63,000 cr »

Manoj Sinha, Minister of State Railways

New Delhi: The Mumbai-Ahmedabad High Speed Rail Corridor project is estimated to cost Rs63,000 crore, states Minister of State for…

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KGS Aranmula airport still can become reality: Chandy »

ommen chandy

Thiruvananthapuram:  The crore KGS Aranmula international airport project at Pathanamthitta, Kerala is likely to become a reality once it gets…

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RBI’s move to help stimulate demand for housing: KPMG »

Affordable housing

Mumbai: In a bid to ease capital constraints, the Reserve Bank of India (RBI) issued instructions for long-term bonds for…

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New Contracts

IL&FS Engg bags pipe laying contract worth Rs213 cr »

IL&FS logo

Mumbai: IL&FS Engineering and Construction Company has bagged EPC contract worth Rs213 crore from Indian Strategic Petroleum Reserves, Ministry of Petroleum and Natural Gas, Government of India. The company received the Letter of Award for pipeline laying contract from land fall point, Mangalore port to…

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L&T bags multiple orders worth Rs2000 cr »

l&T Construction

Mumbai: The Construction division of L&T, L&T Construction has received multiple orders worth Rs2002 crore across various business verticals in June 2014, according to the company statement. Amongst this, the major order is from Goa State Infrastructure Development Corporation for design and construction of 900…

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Punj Lloyd ventures into Kuwait, bags order Rs1400 cr »

Punj Lloyd awarded dual carriageway project in Yemen

New Delhi: Punj Lloyd has expanded its geographical presence to Kuwait with the new order worth Rs1418 crore (US $236.09 million). The Kuwait National Petroleum Company (KNPC) has awarded global EPC conglomerate Punj Lloyd a contract for expansion and revamping of Ahmadi Depot, Kuwait. Punj…

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IRB Infra’s arm bags road project in Haryana »

IRB Infra

Mumbai: IRB Infrastructure Developer, one of the largest BOT road developers in India, announced that the company has entered in to a concession agreement with NHAI for widening of a highway stretch in Haryana. With this project the company has expanded its base to Haryana.…

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L&T Construction bags contracts worth Rs2458 cr »

l&T Construction

Mumbai: L&T Construction has won new orders worth Rs2458 crore across various business segments in May 2014. The Power Transmission and Distribution Division secured new orders worth Rs1470 crore from Qatar General Electricity & Water Corporation (KAHRAMAA) for supply, construction and commissioning of 6EHV substations…

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Construction work on Ahmedabad-Gandhinagar Metro to start from July »

AHMEDABAD: Work on Ahmedabad-Gandhinagar metro rail is expected to start by July, according to top officials of Metrorail Express Gandhinagar-Ahmedabad (MEGA). “We will begin construction of metro rail by July. We are well within the deadline limits,” informed IP Gautam, Vice-chairman and MD for MEGA. Of…

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Oil and Gas

India’s FY15 Budget Neutral for Oil & Gas sector: Fitch »

News 2

Mumbai: Fitch Ratings says that the Indian budget for the year ending 31 March 2015 (FY15) did not introduce any major new measures for the…

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ONGC to invest Rs 5,700 cr in Mumbai High »

Mumbai: Oil and Natural Gas Corp (ONGC) will invest over Rs 5,700 crore in redevelopment of its giant Mumbai High (North) oil and gas field…

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GCA to resolve ONGC-RIL dispute »

GCA to resolve ONGC-RIL dispute

NEW DELHI: Global independent consultant Gaffney, Cline & Associates (GCA) is likely to be appointed to verify state-owned ONGC’s claims that gas from its Krishna…

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Performance Highlights India-Economic-Growth

India’s economic growth to not exceed more than 6%: Assocham

New Delhi: Contrary to the Prime Minister’s outlook projecting India to post a 8% growth rate, global research agency Assocham foresees India’s economic growth to register below 6% in the current fiscal. The chamber in its…

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Ports and Shipping Adani

Trial run starts at Vizag coal terminal

Adani Vizag Coal Terminal, a subsidiary of Adani Ports and special economic zone (APSEZ), has successfully started the pre-commissioning trial of its coal terminal at Visakhapatnam Port. The capacity of the coal import terminal is 6.5…

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Product Launch jcb

JCB’s new Loadall fleet to be equipped in Brazil

Sao Paulo: Toniolo Busnello, one amongst Brazil’s leading tunneling companies, invested in four additional 535-125 models for the construction of the new highway around Brazil’s largest city, Sao Paulo. The newly launched machines has the potential…

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Projects World Manoj Sinha, Minister of State Railways

Mumbai-Ahmedabad high speed corridor likely to cost Rs63,000 cr

New Delhi: The Mumbai-Ahmedabad High Speed Rail Corridor project is estimated to cost Rs63,000 crore, states Minister of State for Railways Manoj Sinha in its written reply to a question in Lok Sabha. Funding for the…

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Railways railway-top-img

Railways to expedite projects

Plans are afoot from the Ministry of Railways to expedite 40 crucial projects across the country, which are facing forest clearance hurdles from the Ministry of Environment and Forests (MoEF). Around 11 national projects and 14 strategic…

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Real Estate news 3

Government to hive PSU real estate properties

Mumbai: The government is considering a proposal to hive off real estate owned by sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construction Corporation (NBCC), before selling off the…

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Urban Infra Mantri Developers

Mantri Developers launches ‘Mantri Serene’ in Chennai

The Mumbai based Mantri Developers has launched a residential township project in Chennai, Tamil Nadu. The project, dubbed as ‘Mantri Serene’, on the Pallavaram-Thoraipakkam radial road, is being implemented in two phases. Mantri has launched the…

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View-Points Rumi Engineer, Head -Green Buildings, Godrej Green Building Consultancy Services & Head of Energy Conservation, Godrej & Boyce Ltd

Budget Wish List: Building Energy Savings Structures

Rumi Engineer shares expectations from the upcoming Union Budget 2014-15 Promoting energy efficiency is a critical area where the industry is hopeful that the new government would prioritize. Lending to renewable energy projects need to be…

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