The Andhra Pradesh Maritime Board has secured in-principle approval from the SBI-led consortium of banks to raise funds worth Rs 15 billion for the development of three greenfield port projects in the state. The three […]
Gangavaram Port Limited has notified amendments to the Berthing Policy and Tariff Structure (BPTS) 21-22, with immediate effect. No shifting charges will be levied if the vessel is shifted on account of port convenience; shifting […]
The expert appraisal committee of the Ministry of Environment, Forest and Climate Change has recommended the grant of terms of reference (ToR) for the multipurpose berth no. 17 at New Mangalore port. The project involves […]
The customs department has commissioned a mobile X-ray container scanner for speedy clearance of containerised export-import cargo at New Mangalore port. The container scanner is part of the ease of doing business initiatives undertaken by […]
The central government has constituted an empowered group of secretaries (EGoS), headed by the cabinet secretary, along with the secretaries of 20 infrastructure and economic user ministries as members of the EGoS to monitor the […]
In a major reform for the maritime sector, the Ministry of Ports, Shipping and Waterways has announced the Tariff Guidelines, 2021, for public-private partnership (PPP) projects at major ports. The need for new guidelines arose […]
During April-December 2021, the Indian major ports handled 529.34 million tonnes (mt) of traffic, compared to 478.01 mt in the corresponding period of 2020-21, registering an increase of 10.74 per cent. Port-wise, Deendayal port handled […]
IOCL acquired a 4.93 per cent stake in the India Gas Exchange (IGX) for Rs 37 million. IOCL joins the likes of oil and gas explorer ONGC, GAIL, Torrent Gas Private Limited and Adani Total […]
IOCL plans to expand the capacity of its Digboi refinery from 0.65 mtpa to 1 mtpa. According to the Ministry of Petroleum and Natural Gas, the configuration study is expected to be completed by January […]
Numaligarh Refinery Limited (NRL) has achieved financial closure for its upcoming 6 mtpa refinery expansion project. NRL is pursuing a mega integrated refinery capacity expansion project to treble its refining capacity from 3 mtpa to […]
The central government has inaugurated a multiproduct pipeline of 365 km from the Bina refinery, Madhya Pradesh, to the POL terminal at Panki, Uttar Pradesh. The pipeline has a capacity of around 3.45 million tonnes […]
GAIL has completed the acquisition of a 26 per cent stake of Infrastructure Leasing and Financial Services (IL&FS) in the ONGC Tripura Power Company (OTPC). OTPC is a special purpose vehicle (SPV) set up by […]
Sri Lanka has signed an agreement with Lanka Indian Oil Corporation Limited (LIOC) to lease 75 oil tanks to secure a $500 million fuel credit line from India. Under the agreement, LIOC, a subsidiary of […]
The Karnataka government and the LNG Alliance Company, in association with the New Mangalore Port Trust, have signed an MoU for setting up a liquefied natural gas (LNG) terminal in Mangaluru, Karnataka. The project is […]
The chief minister of Odisha has recently launched the Mukhyamantri Vayu Swasthya Seva (air health services) at the Biju Patnaik International Airport. With this, it has become one of the first states to provide air […]
GMR Infrastructure has received approval from the National Company Law Tribunal (NCLT) for a restructuring plan involving the demerger of the non-airport business. The NCLT, Mumbai Bench (Tribunal), has sanctioned the composite scheme of arrangement amongst […]
The government has received an undisclosed number of financial bids for the sale of its stake in ailing helicopter operator Pawan Hans, moving the divestment process to the last stage. The government is selling its […]
On December 20, 2021, the Competition Commission of India (CCI) approved the acquisition of shareholding in Air India by Talace Private Limited, a wholly owned subsidiary of Tata Sons. The proposed combination envisages the acquisition of […]
Ventura AirConnect has relaunched intra-state flights from Surat to four other cities under a Gujarat government subsidy scheme aimed at providing affordable air services. On January 1, 2022, the airline launched non-stop daily flights to Ahmedabad, Rajkot, Amreli and Bhavnagar, using […]
Mangaluru International Airport (MIA) has commissioned the state-of-the-art security operation control centre (SOCC) of the aviation security group (ASG) of Central Industrial Security Force (CISF). SOCC will assist ASG to eliminate any vulnerable areas in […]
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