IndiGo has placed an order for 300 Airbus aircraft worth an estimated $33 billion to replace old planes in its fleet and to operate non-stop flights to long-haul destinations such as London and Tokyo. The […]
Dilip Buildcon Limited has emerged as the lowest bidder (L1) for detailed designing and engineering, procurement and construction (EPC) works for the Rajkot greenfield airport project. The company has quoted an amount of Rs 5,700.6 […]
NGC Energy India Private Limited in collaboration with Petredec has plans to set up a liquefied petroleum gas (LPG) import and storage terminal at Krishnapatnam port in Andhra Pradesh. The proposal for the grant of […]
The MoEFCC granted the ToR for the Cauvery onshore development drilling project (24 wells) on November 7, 2019. The proposal for the project was submitted on October 1, 2019. It involves drilling 24 wells in […]
The Adani Group and German chemical company BASF SE signed an MoU with the Abu Dhabi National Oil Company (ADNOC) and Borealis AG for conducting a joint feasibility study for the development of the Gujarat […]
The Prime Minister’s Office has agreed to the Ministry of Petroleum and Natural Gas’s proposal of extending 60 per cent budgetary support worth Rs 55 billion for the North-East natural gas pipeline grid project. The […]
The Mundra liquefied natural gas (LNG) terminal project is expected to be commissioned by December 2019. The project involved setting up of an import, storage and regasification terminal with a capacity of 5 mtpa at […]
India has climbed up in the ease of doing business ranking from 77 in 2018 to 63 in 2019. As the per the World bank report, the major contributors for this have been the successful […]
The Jawaharlal Nehru Port Trust (JNPT) has extended discounts for the shipping lines calling at Shahid Beheshti Chabahar port, Iran, for a period of one year (till October 2020). The discounts are subject to compliance […]
The National Company Law Appellate Tribunal (NCLAT) has given its go-ahead to the National Company Law Tribunal (NCLT), Mumbai, to decide on Adani Ports and Special Economic Zone Limited’s (APSEZL) bid to buy Dighi Port […]
Chettinad Mangalore Coal Terminal Private Limited (CMCTPL) has commenced commercial operations at the mechanised coal handling facility at New Mangalore port. The commencement of operations was marked by the arrival of a vessel, MV Yangze […]
During April-October 2019-20, Indian major ports handled 405.39 mt of traffic, compared to 403.61 mt in the corresponding period of 2018-19, registering an increase of 0.44 per cent. Deendayal port (erstwhile Kandla port) handled the […]
The Kolkata Port Trust has approved rebates for vessel- and cargo-related charges for foreign dry bulk cargo. The concessions are applicable to foreign import and export dry bulk cargo only, commencing on November 1, 2019 […]
The Gujarat government has given its nod to the development of a compressed natural gas (CNG) terminal at Bhavnagar port. To be jointly developed by UK-based Foresight Group and Mumbai-based Padmanabh Mafatlal Group, the terminal […]
As of September 30, 2019, the Indian shipping industry had a fleet of 1,417 vessels of 12.74 million gross tonnage (GT) and 19.34 million deadweight tonnage (DWT). Of the vessels, 962 were coastal vessels with […]
Cochin Shipyard Limited (CSL) signed the Phase III contract for the construction of an indigenous aircraft carrier with the Ministry of Defence on October 31, 2019. The Rs 30 billion Phase III contract involves operational […]
CSL signed a contract with Kochi Metro Rail Limited (KMRL) for designing, building, testing, commissioning and delivery of passenger boats for the Kochi integrated water transport project on October 29, 2019. The contract value is […]
The Indian metro rail segment was expected to undergo a transformation with the launch of the Metro Rail Policy, 2017, which mandated private involvement across all the newly conceived metro projects. Two years after its […]
The central government flagged off the maiden container cargo consignment from the Haldia Dock Complex (National Waterway [NW]-1) to Pandu terminal, Guwahati (NW-2), on November 4, 2019. The vessel, MY Maheshwari, carried 53 twenty-foot equivalent […]
The central government is planning to launch a new scheme to enable stressed gas-based power projects to operate on a mix of domestic and imported gas. The proposed move will prevent assets with over Rs 1 […]
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