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Home2017December

Month: December 2017

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Ports & Shipping

VPT inaugurates green channel berth for coastal cargo

December 4, 2017

The Visakhapatnam Port Trust inaugurated the green channel berth on November 27, 2017 for handling coastal cargo at the port. The development of the berth entailed an investment of Rs 453 million, of which Rs […]

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Ports & Shipping

PPT awards MCHP O&M contract to Chennai Radha Engineering

December 4, 2017

The Paradip Port Trust has awarded the contract for the operations and maintenance (O&M) of its mechanised coal handling plant to Chennai Radha Engineering Works Private Limited. The contract value is Rs 1.51 billion. As […]

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Ports & Shipping

Union government approves mega CEZ at JNPT

December 4, 2017

The central government has given its approval for setting up a mega coastal economic zone (CEZ) at JNPT. The CEZ is a part of the government’s plan to develop 14 such CEZs under the National […]

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Ports & Shipping

Indian major ports handled 439.66 mt of traffic during April-November 2017

December 4, 2017

During the first eight months (April-November) of the current fiscal year (2017-18), Indian major ports handled 439.66 mt of traffic, compared to 424.96 mt in the corresponding period of 2016-17, registering an increase of 3.46 […]

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Ports & Shipping

Union government turns down proposal for amending port concession agreements

December 4, 2017

The central government has turned down the proposal for amending port concession agreements with private firms operating cargo terminals at major ports. The rejection comes in response to the Indian Private Ports and Terminals Association […]

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Ports & Shipping

Union government grants infrastructure status to logistics sector

December 4, 2017

The Union government has granted infrastructure status to the logistics sector. The inclusion of the logistics sector in the Harmonised Master List of Infrastructure Sub-sectors was considered during the 14th Institutional Mechanism Meeting held on […]

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Oil and Gas

GAIL awards contract orders under key pipeline project

December 4, 2017

GAIL (India) Limited has stated that it has awarded the contract for laying 520 km of pipelines from Dobhi (Bihar) to Durgapur (West Bengal) including a 120 km line to Jamshedpur (Jharkhand). With these awards, […]

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Oil and Gas

India witnesses a surge in the number of petrol pumps

December 4, 2017

India has recorded a 45 per cent increase in the number of petrol pump outlets during the period 2011 to 2017, possibly the highest growth rate in the world. As per data available from the […]

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Oil and Gas

GAIL to skip medium term LNG deals for 2018

December 4, 2017

GAIL (India) Limited will be skipping medium-term LNG deals in 2018 as it will start getting LNG from its US portfolio from February 2018. GAIL used to buy one medium-term contract every year to cater […]

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Oil and Gas

PLL drops plans to buy stake in GSPC’s Mundra LNG import terminal

December 4, 2017

Petronet LNG Limited (PLL) has dropped its plans to buy a 25 per cent stake in the Gujarat State Petroleum Corporation’s (GSPC) Mundra liquefied natural gas (LNG) import terminal in Gujarat in order to allow […]

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Oil and Gas

MoPNG advances introduction of BS-VI fuels in Delhi

December 4, 2017

On account of serious pollution levels in Delhi and adjoining areas, the Ministry of Petroleum and Natural Gas (MoPNG) in consultation with oil marketing companies (OMCs) has decided to advance the introduction of BS-VI cleaner […]

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Oil and Gas

DSF II to be launched in January 2018

December 4, 2017

The government intends to launch the second round of auctions for discovered small fields (DSFs) by January 2018. Drawing lessons from the first round, the fields offered in the second round will be grouped into […]

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Oil and Gas

ONGC and Vedanta emerge as biggest bidders in OALP bid round I

December 4, 2017

The Oil and Natural Gas Corporation (ONGC) and Vedanta Limited on November 15, 2017 emerged as the biggest bidders for oil and gas blocks, submitting 41 of the 56 bids received in India’s maiden auction […]

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Aviation

Jet Airways signs metal neutrality agreement with Air France-KLM

December 4, 2017

Jet Airways has signed a cooperation agreement with Air France-KLM which will allow both airlines to work closely in selling tickets, using each other’s networks and jointly working on cargo operations and maintenance, and fuel […]

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Aviation

Union government to jointly sell domestic and international business of Air India

December 4, 2017

The central government has ruled out the possibility of separating the domestic and international airline businesses of Air India to carry out the divestment process and has decided to sell the carrier together with its […]

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Aviation

GHIAL to commence work for second terminal at Hyderabad airport by March 2018

December 4, 2017

GMR Hyderabad International Airport Limited is expected to commence work on the construction of a second terminal at Hyderabad airport by March 2018. The implementing agency is currently awaiting approval from the Directorate General of […]

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Aviation

India signs agreement with Greece to launch direct flights between the two countries

December 4, 2017

The Indian government has signed an air service agreement with the government of Greece for launching the first direct flight service between the two countries. At present, there is no direct air connectivity between India […]

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Aviation

Kerala government to sign agreement with MoCA to operate flights under RCS

December 4, 2017

The Kerala government is expected to sign an agreement with the MoCA soon to operate flights under the RCS. Under the scheme, state governments are stipulated to lower the existing value added tax (VAT) levied […]

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Aviation

Four Indian airports abolishes stamping of hand baggage

December 4, 2017

Another four airports – at Nagpur, Trichy, Pune and Goa – have abolished the practice of stamping and tagging passenger hand baggage from November 10, 2017. With this decision, 23 airports in the country (of […]

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Aviation

MoCA announces flight services in Northeast under RCS II

December 4, 2017

In order to boost air connectivity in the Northeast, the Ministry of Civil Aviation (MoCA) has announced flight services for 92 new routes in the region under the second round of the Regional Connectivity Scheme […]

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