The Electricity (Amendment) Bill, 2022, which was introduced in the Lok Sabha, has been referred to the Parliamentary Standing Committee on Energy. The bill seeks to facilitate the use of distribution networks by all licensees […]
The Energy Conservation (Amendment) Bill, 2022 has been passed by the Lok Sabha. The amendment bill seeks to mandate the use of non-fossil fuel sources, including green hydrogen, green ammonia, biomass and ethanol, for energy […]
The Ministry of Power (MoP) has issued the renewable purchase obligation (RPO) and energy storage obligation (ESO) trajectory till 2029-30. According to this order, the total prescribed RPO will progressively increase from 24.61 per cent […]
Adani Ports and Special Economic Zone Limited (APSEZL) has signed an agreement with the Navkar Corporation to acquire the inland container depot (ICD) Tumb in Gujarat’s Vapi at a value of Rs 8.5 billion. The […]
The Jawaharlal Nehru Port Authority (JNPA), CMA Terminals and the consortium of JM Baxi Ports and Logistics Limited signed a concession agreement on July 29, 2022 for privatisation of the Jawaharlal Nehru Port Container Terminal […]
The mechanisation of the berth 14 project at New Mangalore port has been completed. The project involved mechanisation of berth 14 at the port in Karnataka on a design-build-finance-operate-transfer basis under PPP mode to handle […]
The Bedi port rail connectivity project commenced commercial operations on July 13, 2022. The project has been implemented by Gujarat Rail Infrastructure Development Corporation (G-RIDE) Bedi Port Rail Limited, an SPV of G-RIDE (26 per […]
The chief minister of Andhra Pradesh laid the foundation stone for the Ramayapatnam greenfield port project on July 20, 2022. Ramayapatnam port is planned to be built in two phases. The first phase is estimated […]
The MoPSW and the Ministry of AYUSH recently issued the International Federation of Freight Forwarders’ Associations (FIATA) Bill of Lading (eFBL) in India. The FIATA paperless bill of lading allows freight forwarders to easily issue […]
The Ministry of Ports, Shipping and Waterways (MoPSW) has identified 81 public-private partnership (PPP) projects with an expected value of Rs 423 billion for developing berths, terminals, oil jetties, etc. at major ports till financial […]
The Cabinet Committee on Economic Affairs has approved an additional investment of $1.6 billion by Bharat Petro Resources Limited (BPRL), a fully owned unit of Bharat Petroleum Corporation Limited, for the development of a Brazilian […]
Indian Oil-Adani Gas Limited (IOAGPL) has commissioned the first CNG retail outlet at Safari Agencies in Kasaragod district, Kerala. The company has also inaugurated a CNG retail outlet at the Laxmi Narayan Filling station, Tappal […]
ONGC has signed a gas sale agreement with GAIL and Assam Gas Company Limited (AGCL) to monetise natural gas from its upcoming gas well at Khubal, Tripura. According to the agreement, ONGC will supply 50,000 […]
Indian Oil Corporation Limited (IOCL) has inaugurated an LPG bottling plant in Agartala, Tripura. The plant was set up at an investment of Rs 1.69 billion and has a rated capacity of 60,000 tonnes per […]
Gas Authority of India Limited (GAIL) has sought shareholder approval to increase the authorised share capital to Rs 100 billion, up from the current capital of Rs 50 billion. The move is expected to help […]
In a notable development, AG&P Pratham has successfully inaugurated the first compressed natural gas (CNG) station in Proddatur, Andhra Pradesh. It is the thirteenth station in the Anantapur-Kadapa geographical area. AG&P Pratham is planning to […]
Drillmec India, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has achieved an oil rig order book of $1.5 billion with new rig orders from Oil India Limited (OIL) and ONGC. The order from […]
The Oil and Natural Gas Corporation (ONGC) has signed an agreement with ExxonMobil for deepwater exploration in the east and west coasts of India. The focus will be on the Krishna Godavari and Cauvery basins […]
Vistara became the second biggest airline by domestic market share in July 2022. Its market share stood at 10.4 per cent with a passenger traffic count of 1.01 million. The airline started commercial operations in […]
As per the regulatory filings of Air India, the airline has improved its revenues by 64 per cent in financial year 2022 as compared to 2021; however, its net loss increased by a third. The […]
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