Large projects to get a CCI boost
With Cabinet approving the reduction in reserve price for spectrum auction, the government can go ahead and schedule both auctions – 1,800 MHz and 900 MHz – simultaneously by March 2013. The auctions for 900 MHz will be held only for Delhi, Mumbai and Kolkata circles because these licences come up for renewal in November 2014.
A key change in the new urea investment policy is the permission to private companies to import costlier imported liquefied natural gas (LNG) to run fertiliser plants. Imported LNG is nearly three times costlier than scarce domestic gas. Under the proposed policy, the government will provide subsidy to meet the extra fuel cost on imported LNG or coal gas. This would make fertiliser units profitable as companies would be insulated from any abrupt variation in fuel prices, experts said.
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