REC Limited and the Power Finance Corporation (PFC) have sanctioned Rs 1,080 billion in loans under the liquidity package for stressed power distribution utilities and have released nearly Rs 300 billion to discoms under the […]
The MoP has made it mandatory for all the distribution companies in the country to comply with the provisions of the Energy Conservation Act, 2001. The power ministry had issued a notification in September stating […]
The MoP has issued an amendment related to the equity lock-in period in the standard bidding document for selection of a transmission service provider through the TBCB process to establish interstate transmission system projects. Under […]
The Ministry of Power (MoP) has issued amendments to the guidelines for the tariff-based competitive bidding (TBCB) process for procurement of round-the-clock (RTC) power from grid-connected renewable energy projects, complemented by power from coal-based thermal […]
In a notable development, the roll-on roll-off passenger (ro-pax) service between Hazira, near Surat, and Gogha, Bhavnagar district, was inaugurated on November 7, 2020. The three-deck ro-pax ferry vessel, Voyage Symphony, has a load capacity […]
The Ministry of Ports, Shipping and Waterways has reviewed the right of first refusal (RoFR) licensing conditions for chartering of vessels/ships through a tender process for all types of requirements. In order to promote the […]
Essar Bulk Terminal Limited has received approval from a key environment clearance company to construct a liquefied pure gasoline terminal at Hazira port. The terminal is expected to cost Rs 20 billion. The port operator […]
NICDC Logistics Data Services has extended its services to Nepal and Bangladesh after receiving consent from the Land Port Authority of India to install radio frequency identification readers at the integrated checkposts at the India-Nepal […]
Adani Ports and Special Economic Zone Limited (APSEZL) has notified the Visakhapatnam Port Trust (VPT) of its intention to terminate the contract of the coal terminal at the port by mutual consent. On October 3, […]
JNPT has opened a new centralised parking plaza for container tractor trailers with customs facilitation. The centralised parking is a part of JNPT’s efforts to promote ease of doing business. It is spread across 45 […]
The state-of-the-art direct port entry facility at V.O. Chidambaranar port has been inaugurated. The facility has been developed on an area of 18,357 square metres inside the truck parking terminal. It can handle a throughput […]
The central government launched the development of an indigenous software solution for vessel traffic services and vessel traffic monitoring systems on October 20, 2020. The development comes in light of the government’s efforts towards Atmanirbhar […]
During April-October 2020, Indian major ports handled 354.82 mt of traffic, as compared to 405.2 mt in the corresponding period of 2019, registering a decline of 12.43 per cent. Deendayal port handled the maximum traffic […]
The central government has renamed the Ministry of Shipping (MoS) as the Ministry of Ports, Shipping and Waterways. The development comes in view of the government’s efforts to bring ports and inland waterways under the […]
ONGC Videsh Limited has entered into a definitive agreement to buy Australian company FAR’s stake in the $4.2 billion Rufisque-Sangomar offshore oil project in Senegal. According to ONGC Videsh, the definitive agreement is for buying […]
Indian Oil Corporation Limited (IOCL) has commissioned its 120th aviation fuel station at Darbhanga in Bihar. IOCL, which controls about 40 per cent of the fuel market in the country, was selected for developing a […]
Bharat Petroleum Corporation Limited (BPCL) has upgraded its bunkering facility with five jetties that can now pump oil into ships from pipelines at the Marine Oil Terminal on Butcher Island, off the east coast of […]
Swan Energy Limited has recently acquired a floating storage and regasification unit (FSRU) named Vasant 1, moving forward with its plans of setting up the country’s first FSRU-based liquefied natural gas (LNG) port near Jafrabad […]
Hindustan Petroleum Corporation Limited (HPCL) has raised Rs 20 billion in debt for funding its capital expenditure during the current year. HPCL has issued unsecured, redeemable, non-convertible, non-cumulative, taxable, debentures of Rs 1 million each […]
The union cabinet has allowed the Abu Dhabi National Oil Company (ADNOC) to export oil from its Mangalore strategic petroleum reserve, marking a policy shift that could enhance foreign participation as India seeks to expand […]
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