The Union cabinet approved the incorporation of the Sagarmala Development Company (SDC) under the Companies Act, 2013 on July 20, 2016. SDC will have an authorised share capital of Rs 10 billion and a subscribed […]
IRClass Systems and Solutions Private Limited, an entity promoted by the Indian Register of Shipping, has certified four ship recycling yards in Alang as “independent verifiers” in accordance with the requirements of the European Union […]
Adani Ports and Special Economic Zone Limited (APSEZL) has received environmental and coastal regulation zone approvals for setting up a ship recycling facility at its Mundra port in Gujarat from the Expert Appraisal Committee of […]
Indraprastha Gas Limited (IGL) received a letter of intent (LoI) from the Petroleum and Natural Gas Regulatory Board (PNGRB) on August 9, 2016, for the grant of authorisation to develop a city gas distribution (CGD) […]
GAIL (India) Limited has placed an order worth Rs 3.05 billion with Jindal Saw Limited and Essar Steel for the purchase of 315 km of line pipes for its Auraiya-Phulpur pipeline. This pipeline section is […]
Reliance Industries Limited (RIL) will commence commercial production of CBM gas from its blocks in Madhya Pradesh (MP) soon. RIL has stated that test gas production from the Phase 1 facilities of the Sohagpur West […]
Essar Oil Limited (EOL) is likely to commence production of shale gas at its Raniganj coal bed methane (CBM) block soon. Meanwhile, EOL is planning to invest an additional Rs 10 billion in the Raniganj […]
Indian Oil Corporation Limited’s (IOCL) Ennore LNG Terminal Project is likely to be completed by March 2018. The project is being developed by IOCL through Indian Oil LNG Private Limited, a special purpose vehicle (SPV) […]
Hindustan Petroleum Corporation Limited’s (HPCL) board approved the Visakhapatnam Refinery Modernisation Project at an investment of Rs 209.28 billion. HPCL is planning to expand the capacity of its Visakhapatnam refinery from 8.33 million tonnes per […]
India has discovered a large accumulation of natural gas hydrate in the Krishna Godavari (KG) basin off the east coast. The US Geological Survey was involved in the research expedition with Indian and Japanese scientists. […]
Products such as kerosene, naphtha and liquefied petroleum gas will come under the ambit of the goods and services tax (GST), while five items in the basket – crude oil, natural gas, aviation fuel, diesel […]
Coimbatore-based Air Carnival has received an air operator permit from the DGCA, becoming the country’s fourth regional airline. The airline has started operations on four routes – Coimbatore-Chennai, Chennai-Madurai, Madurai-Chennai and Chennai-Coimbatore. Ithas plans to […]
AirAsia and GoAir have signed $12.5 billion and $7.7 billion contracts respectively with Airbus for the purchase of new aircraft. While AirAsia has placed an order for 100 single-aisle A321neo aircraft, GoAir has placed an […]
AAI plans to build a new terminal at Leh airport at a cost of Rs 2 billion. Once the no-objection certificate for the state government’s 28 acres is received, the Indian Air Force will transfer […]
AAI is targeting to operationalise an additional 24.1 MW of solar power capacity at 11 airports by December 2016. AAI’s perspective plan targets increasing solar capacity to 116 MW at 16 other airports. The development […]
The Airports Authority of India (AAI) has acquired 698 acres of land for runway extension under the Vijayawada Airport Expansion Project. The land will be handed over to the airport authorities shortly. Under Phase I […]
The Goa government has extended the request for proposal bid submission date for the development of the Mopa International Airport from July 25, 2016 to August 25, 2016. The state had shortlisted the consortium of […]
The Forest Advisory Committee of the Ministry of Environment, Forest and Climate Change (MoEFCC) has deferred Stage II forest clearance for the Navi Mumbai International Airport due to deficiencies in the compensatory afforestation scheme. The […]
The Airports Authority of India (AAI) is continuously striving to improve the airport and air navigation system (ANS) infrastructure in the country. With a steady increase in traffic growth, capacity augmentation plans have been put […]
The past few years have been challenging for the port sector in the country. […]
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