MoRTH has sanctioned funds worth Rs 258.06 billion for road infrastructure projects in Uttar Pradesh. The funds will be used for the construction of ring roads, flyovers and bridges. Meanwhile, funds worth Rs 50 billion […]
Hindustan Construction Company Limited (HCC) has completed the sale of the entire equity stake in Baharampore-Farakka Highways Limited (BFHL), a special purpose vehicle (SPV) incorporated for the implementation of the Baharampore-Farakka Four-Laning Highway Project (NH-34), […]
The Ministry of Power (MoP) has issued the draft Carbon Credit Trading Scheme, which aims to establish a framework for the Indian carbon market for both voluntary trade and compliance. As per the draft scheme, […]
The CERC has directed all the power exchanges to re-design their bidding software such that members can quote prices in the range of Re 0-Rs 10 per kWh for all contracts, viz., the day-ahead market […]
The CERC has notified that the provisions pertaining to tertiary reserve ancillary services (TRAS) of the CERC (Ancillary Services) Regulations, 2022 will come into force from May 1, 2023. It includes provisions pertaining to TRAS […]
The CERC has notified the Connectivity and General Network Access (GNA) to the Interstate Transmission System (ISTS) (First Amendment) Regulations, 2023. Among other things, the amendment defines GNA-renewable energy as open access to the ISTS […]
The government has decided to invite bids for 50 GW of renewable energy capacity annually for the next five years (2023-24 to 2027-28). These annual bids for ISTS-connected renewable energy capacity will include the setting […]
The central government has launched the high-price DAM (HP-DAM) and surplus power portal (PUShP) to ensure greater availability of power during the peak demand season. HP-DAM has been carved out for generation systems in which […]
The Ministry of Coal has launched the seventh round of commercial coal mine auctions with a total of 106 coal blocks on offer. The sale of tender documents commenced on March 29, 2023. The ministry […]
Under the PM Gati Shakti initiative, 101 projects worth Rs 608.72 billion have been identified for implementation in the ports and shipping sector. Of these, 13 projects, worth Rs 44.23 billion, have been completed. The […]
The Ministry of Ports, Shipping and Waterways (MoPSW) has issued the draft Sagarmala Innovation and Startup Policy. The policy envisages collaboration among organisations to build a strong ecosystem to facilitate innovation and startups in the […]
The minister for ports, shipping and waterways virtually inaugurated a real-time performance monitoring dashboard called Sagar Manthan. The digital platform, with integrated data relating to the ministry and its subsidiaries, will help improve coordination of […]
Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of Karaikal port. The acquisition cost is Rs 14.85 billion. Besides, APSEZ will spend Rs 8.5 billion on upgrading infrastructure at the port. Karaikal […]
Nhava Sheva Distribution Terminal Private Limited, a wholly-owned subsidiary of JM Baxi Port and Logistics Limited, has achieved financial closure for expansion of the shallow water berth (SWB) and coastal berth (CB) project at the […]
The Competition Commission of India (CCI) has approved the acquisition of JM Baxi Ports and Logistics Limited’s shareholding by HL Terminal Holding B.V. HL Terminal Holding B.V. is a newly incorporated entity, intended to serve […]
The MoPSW has announced that the government is planning to develop the eastern grid with 5,000 km of navigable waterways. The development of this grid will not only boost regional integration and accelerate development but […]
Torrent Power has won a contract to supply 920 MW of gas-based power from its DGEN and SUGEN plants under an NTPC Vidyut Vyapar Nigam Limited (NVVNL) tender. The Ministry of Power had designated NVVNL […]
Oil and Natural Gas Corporation Limited (ONGC) has commissioned a new gas collecting station (GCS) in its Bokaro coal-bed methane (CBM) block in Jharkhand. As the first gas collecting-cum-compression station in the Bokaro CBM block, […]
The Madhya Pradesh government has approved the revised proposal worth Rs 500 million for the Bina refinery expansion project. Production is likely to commence by 2027-28. Bharat Oman Refineries Limited, a wholly owned subsidiary of […]
According to the Directorate General of Hydrocarbons, the government has once again extended the deadline for accepting bids for the eighth oil and gas exploration licensing round to May 16, 2023. The eighth round under […]
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