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Petronet
to invite global EPC bids for Kochi LNG project
Petronet LNG Ltd has reworked its plans to award the prestigious
contract for developing the Rs 1,800-crore, 2.5 million tonne LNG terminal
project at Kochi. As against its earlier plans of awarding the Kochi LNG
project on built-own-operate-and-transfer basis , PLL has now decided
to invite global EPC bids for this project.
DPC
misdeclared availability: MSEB
The Dabhol Power Company had defaulted and misdeclared the
availability of power immediately after the commissioning of Dabhol phase-I
in May and July 1999, according to sources from the Maharashtra State
Electricity Board .
Indian
Bank posts Rs 274 crore net loss
Chennai-based Indian Bank has posted an operating profit of Rs 61.59 crore
during the year 2000-01 as against Rs 23.86 crore in the previous year,
registering a growth of 158 per cent. This is after taking into account
the amortisation of the first instalment of voluntary retirement scheme
and other staff related provisions such as leave encashment etc. aggregating
Rs 96.01 crore. However, the net loss of the bank during the year stood
at Rs 274 crore compared to a net loss of Rs 426.97 crore in the financial
year ended March 2000.
DPC
power cost MSEB Rs 3,363 cr since ’99
The Maharashtra State Electricity Board (MSEB), which has recently refused
to pay the April bill of Rs 136 crore to Dabhol Power Company (DPC), has
incurred total expenses of whopping Rs 3,362.90 crore over the purchase
of 6,451.78 million units from DPC between May 13, 1999 and April 2001.
Construction
industry, business chambers to form common platform to fight economic
slowdown
In a bid to quarry the common foe — economic slowdown — the private sector
contruction industry and major business chambers are planning to come
together on a common platform.
‘Govt
should ensure competitive market after dismantling APM’
The government will have to rationalise duty structure, state taxes and
institutionalise price stabilisation mechanism to ensure a competitive
market in the oil sector during dismantling of the Administrative Price
Mechanism (APM).
GoM
report suggests ways to modernise state police force
The Group of Minsters’
(GoM) report on reforming the national security has recommended that states
should be provided sustained financial support, under the scheme for modernisation
of state police forces to, inter-alia, improve the fitness, preparedness,
strike capability, mobility etc of the their police forces.
High
tariffs fail to check huge palm oil imports, set to touch 3.85 million
tonne
INDIA’S import of
palm oil in the current year is likely to rise to 3.85 million tonne (m
tn) as against 3.55 million tonne in the previous year, despite the high
tariff barriers imposed, said a study made on behalf of Comex Malaysia.
China
reacts sharply to MoD annual report
China has reacted
sharply toIndia’s charge of a Chinese military build-up and termed as
“irresponsible” New Delhi’s objection to the “normal” military cooperation
between Beijing and Islamabad.
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