India has reimposed windfall tax (or special additional excise) duty on domestically produced crude oil. The tax has been reintroduced at Rs 6,400 per tonne on domestically produced crude oil. On the other hand, the […]
The chairman of New Mangalore Port Authority has recently launched the port’s first direct mainline service, post mechanisation of container operations, by flagging off the container vessel named, MV Hong AN. The vessel will ply […]
With a coastline of more than 7,517 km, the port sector in India is driven by the flourishing growth in external trade. The development of greenfield ports in the country has been driven by a […]
NCC Limited has commenced U-girder work under Package 3 of the Bengaluru Metro Rail Project-Phase 2B (Bengaluru Airport Corridor) The Phase 2B of Bengaluru metro involves development of a metro rail system, spanning a length […]
Oil and Natural Gas Corporation (ONGC) Tripura Asset has recorded the highest ever annual gas production at 1,675 million standard cubic meters (mmscm) in the Northeastern state for 2022-23 breaking all its previous records. Prior […]
The Ministry of Ports, Shipyards and Waterways (MoPSW) has approved the development of oil jetty 9 at Deendayal Port on April 17, 2023. The scope of work will broadly include construction, designing, engineering, financing, procurement, […]
In an important development, the Centre has offered concessional rates to attract unconventional traffic on the IR network. This is being done with view to make the roll on roll off (Ro-Ro) or Trucks on Train (ToT) service more lucrative. Reportedly, the movement […]
The government is implementing a multimodal logistics system for the seamless movement of cargo and people through various modes of transport. This approach is especially relevant given India’s focus on reducing overall logistics costs. By […]
Around 80 per cent and 40 per cent of the construction work has been completed at the Okhla sewage treatment plant (STP) and Sonia Vihar STP, respectively. They are being built by the central government […]
The Government of Punjab and Haryana and Union Territory (UT) Administration approved the comprehensive mobility plan (CMP) for Chandigarh, Panchkula and Mohali on April 19, 2023. Rail India Technical and Economic Services (RITES) Limited had […]
Cab service zones are to be constructed across various airports as Uber India signs a memorandum of understanding (MoU) with the Airports Authority of India. The MoU includes all the AAI-managed airports that would be […]
Sabarimala greenfield airport project in Kottayam district of Kerala receives site clearance from the Ministry of Civil Aviation on April 17, 2023. The project will be constructed near Sabarimala temple on an area of around […]
IndiGrid announced that International Finance Corporation (IFC) has subscribed to a listed non-convertible debentures (NCD) issuance of IndiGrid aggregating to Rs 11.4 billion. With a total tenure of 18 years, the NCD were priced at […]
ReNew Energy Global Plc announced that its wholly owned subsidiary, Diamond II Limited, has raised $400 million through the issue of senior secured green bonds. The green bonds received strong demand from investors in US, […]
The 11th Annual Integrated Rating and Ranking of Power Distribution Utilities report has been released. Of the 57 state and private discoms covered in the report, 46 saw improved scores, with 39 of them seeing […]
The Central Electricity Authority has prepared draft guidelines for medium and long-term power demand forecast. It aims to serve as a guiding document for power utilities to bring uniformity in their demand forecast approach. As […]
The MoP has issued the draft Electricity (Amendment) Rules, 2023. As per the draft, the accounting of subsidy payable under section 65 of the Act shall be done by the distribution licensee in accordance with […]
The Ministry of Power (MoP) has issued the scheme for pooling of tariff of those plants whose power purchase agreements (PPAs) have expired. In view of the long gestation period required for the construction of […]
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