Saurabh Kumar

LNG truck-loading at Shell’s Hazira terminal by 2019

The Hazira liquefied natural gas (LNG) terminal in Gujarat will have an LNG truck-loading unit by 2019 for distribution of the fuel in off-grid areas where there are no gas pipelines.

LNG, shell terminal, shell hazira terminal, fuel distribution, gas pipelines News

Leasing out of Railway land: Project gathers pace, transfer of 30 land parcels by mid-April

The Rail Land Development Authority will invite bids for commercial development of 30 land parcels by mid-April, adding that the transporter's potential receipts as lease rentals from these land parcels could be around Rs 7,0

indian railways, infrastructure railway land, RLDA, railway land bid, land parcels News

Railways may infuse equity into IRSDC for station redevelopment

To put the station redevelopment programme on track, Indian Railways is likely to infuse equity into its arm Indian Railway Stations Development Corporation, which is the designated nodal executing agency, so that the latter

IRSDC, station development, railways, indian railways, railway sector News

No last-minute GBS cut: Railways to Piyush Goyal

Support for railways cut by 27% from FY18 original outlay.

gbs cut, railways, indian railways, piyush goel News

States’ share may dip to 50% from 80%

Railways, however, to make 50:50 norm mandatory for all projects, including new lines and doubling

Indian Railways, Maharashtra, Karnataka, Odisha, madhya pradesh, suburban railway projects News

How green energy drive and demand for petrochemicals are making PSUs diversify their portfolio

The Indian Oil Corporation, which is making a massive investment for the Paradip integrated refinery — around Rs 15,000 cr on petrochemicals — plans to pump in another Rs 32,000 crore on petrochemical capacity until 2022-

green energy, petrochemicals, PSU, polymer, IOCL News

Saudi oil minister Khalid al-Falih says country interested in Indian refineries

This comes a day after Union petroleum minister Dharmendra Pradhan said the country has offered Saudi Arabia a stake in the future strategic oil reserves and has also offered investment opportunities in the west coast refiner

refineries, khalid al falih, oil, Indian refineries, aramco oil, indian oil export, saudi arabia oil News

India offers Saudi Arabia stake in strategic oil reserves

India has also sought reasonable oil prices for its refiners from Saudi Arabia

Saudi Arabia, Kakinada petrochemical plants, Dharmendra Pradhan, india, Abu Dhabi National Oil Company, ONGC, Indian Oil Corp, Hindustan Petroleum Corp News

Railways to pay lease rental for CIL-owned wagons

The revived plan of Coal India (CIL) to buy railway wagons to transport fuel is likely to see the transporter pay the miner lease rental for the rolling stock, similar to the arrangement the Indian Railways has with its arm I

Railways, Coal India, Indian Railway Finance Corporation, CIL owned wagons, Central Coalfields, india, indian railways, news on railways, IRFC financing wagons News

Railway ministry seeks to nominate PSUs for station redevelopment

To set in motion a revamped station redevelopment programme, the ministry of railways is seeking approval to nominate public-sector undertakings (PSUs) in case the proposed nodal agency, its arm Indian Railway Stations Develo

PSU, Railway ministry, IRSDC, NBCC, Railway Board, RLDA, GFR states, ministry of railways, Rail Vikas Nigam News

Plans come a cropper: Share of PPPs in rail capital expenditure on the decline

According to an analyst with a consultancy firm, while higher exposure to loans is not a problem per se if they can be serviced, IR lacks focus and pragmatism in PPP ventures and will have to redo schemes.

Bibek Debroy, in a report has questoned the returns on investing as much as Rs 1 lakh crore on electrification. News

IOC-GAIL combine will have synergies, says IOC chairman Sanjiv Singh

Amid reports that GAIL (India) may be split into marketing and gas pipeline verticals, Indian Oil (IOC)—which has shown interest in acquiring the gas utility—reckons that either divisions or the total business of GAIL off

IOC chairman Sanjiv Singh, gail , ioc, petroleum sector, economy, india, Finance minister Arun Jaitley, union budget 2018 News

Pilot for home-delivery of diesel likely to start soon

Almost a year after petroleum minister Dharmendra Pradhan tweeted that the ministry of petroleum and natural was exploring ways for home delivery of motor fuels, a pilot is expected to be started soon as required permissions

Dharmendra Pradhan, petroleum, natural gas, motor fuels, Petroleum and Explosives Safety Organisation, Indian Oil Corporation News

Crude surprise: Oil price a threat to Budget 2018 maths

Budget 2018: Finance secretary Hasmukh Adhia has already gone on record to state that if crude hardens, the government would indeed consider cutting the excise duties on petrol and diesel to give relief to consumers and avoid

Budget 2018 News

Budget 2018: Mumbai’s network will get expanded, and Bengaluru will get local rail

Budget 2018: "The Mumbai transport system, which is the lifeline of the city, will be expanded and augmented to add 90 km of double line track at the cost of Rs 11,000 crore. An additional 150 km of suburban network is also b

Budget 2018: Commuters in cities like Mumbai can look forward to some better travelling times as the Budget 2018 has proposed expanding the Mumbai suburban train network. News

Budget 2018: Clear signal – Railways on the move

Budget 2018: While the Indian Railways got a three-fold hike in its capex at Rs 1,46,500 crore as compared to 2013-14, the key area of concern remains its deteriorating operating ratio which in the revised estimates for FY18.

Budget 2018: The passenger earnings has been budgeted at Rs 52,000 crore in FY19, a marginal increase of 0.1% compared with the current year. News

New Indian Railways coal freight rate is good news for power producers; here is why

The latest decision by the Indian Railways to rationalise the tariff structure for coal transportation is expected to benefit independent power producers (IPPs) with a generation capacity of about 22,000 mega watt (MW).

Indian Railways, CERC, development surcharge, fuel charges, power production,  RK Singh, coal transportation, Association of Power Producers, power generators, fuel transportation, Coal India News

Why Indian investments in Mozambique are facing bad weather

Investment by Indian exploring companies in Mozambique gas field is unlikely to see any returns till 2022. This is due to instability in the host nation and not-so-keen approach by other consortium partners and no signs of a

Indian investments, Mozambique, ONGC, LNG terminal, ONGC Videsh, Dharmendra Pradhan, LNG prices, LNG producing blocks, Tokyo, India petroleum minister News

NTPC wants more coal as stocks hit critical levels

In a letter dated January 12 addressed to the secretary of the power ministry, Gurdeep Singh, CMD, NTPC, said the supply shortage “is leading to generation loss on account of coal”.

NTPC, NTPC power plants News

Delhiites may have to pay more for petrol, diesel soon; here’s why

In comparison, around 20,000, or 36%, retail outlets across the country of the 55,000-odd are on A-site. An OMC executive close to the development claims that the additional rental burden in Delhi will make retailing unviable

Delhi, delhi petrol price, delhi fuel price, petrol, diesel  News

Land monetisation: Indian Railways aims for whopping Rs 6,000 crore in 8 years from 17 plots

Indian Railways has fast-tracked its project for vacant land monetisation, a move that could boost its investible resources.

Indian Railways, Land monetisation, Rail Land Development Authority News

Merger, stake sale: ONGC-HPCL deal is a step closer

The Core Group of Secretaries on Disinvestment (CGD) headed by the Cabinet secretary has approved the broad contours of Oil and Natural Gas Corporation’s proposed acquisition of the government’s 51.11% stake in Hindustan

ONGC-HPCL, ongc hpcl merger, ongc stake sale News

Indian Railways to study feasibility of elevated tracks on Golden Quadrilateral

In what could be termed as one of the most ambitious plans of the Indian Railways, the transporter is set to commission a feasibility and cost study for elevated railway tracks across the 10,000 km length of the Golden Quadri

indian railways, railways elevated tracks, railways golden quadrilateral News

What Indian Railways is planning for suspended section

To tackle the issue of non-movement of freight, especially coal, and passengers on the Dhanbad-Chandrapura railway section in Jharkhand, the Indian Railways has planned to lay a diverted railway route.

indian railways, railway board, suspended railway section, coal india, dhanbad chandrapura section News

Up 45 pct from M-cap! HPCL stake: ONGC may pay Rs 45,000 crore

Company likely to go by enterprise valuation rather than market capitalisation for government stake.

hpcl, ongc, hpcl stake, Hindustan Petroleum Corporation,  acquisition of Hindustan Petroleum Corporation, m-cap News

How IRFC tax liability is affecting listing; RITES 1st in queue with offer document

The ministry of railways has approached the ministry of corporate affairs to fix a tax liability issue of Indian Railway Finance Corporation (IRFC) which is affecting the net worth of the company, making it unattractive for l

irfc, irfc tax, irfc tax liability, rites, railways, indian railways, indian railways finance corporation, irfc finances railway projects, tax liability News

Indian Railways debit cards, in tie-up with SBI, on way soon to give digital payments big push

The debit card will be launched in association with the State Bank of India and the transporter’s arm IRCTC.

Economy News
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