A revamped public-private partnership (PPP) model to redevelop railway stations will see more attractive terms for private investors while Indian Railways’ (IR) agency — Indian Railway Station Redevelopment Corporation (I
Upstream petroleum regulator Directorate General of Hydrocarbons (DGH) has asked state-run explorer ONGC to review the commerciality of its ultra deep-sea find UD-1 in the Bay of Bengal’s KG-DWN-98/2 (KG-D5) block.
For the first time, Indian Railways will float global tenders to buy rails, as Steel Authority of India (SAIL), its sole supplier, can’t meet the transporter’s increased demand. Railway minister Piyush Goyal, who took cha
The Indian petroleum industry is going through a phase wherein on the one side it is saddled with tax woes arising out of the goods and services tax, and on the other is facing flak for the rising petrol and diesel prices.
If retail sale price of petrol and diesel is as high as it was when the global crude price was twice as high, state-run oil marketing companies haven’t much do about it: Their profits haven't jumped. Of course, these firms
With the dispute between the Odisha government and Indian Oil Corp (IOC) over the value-added tax (VAT) being resolved, the oil marketing firm has firmed up plans to increase its investment in the state including expansion of
Though the zones at the well WO 24-3 are still under assessment, the new find is believed to be big enough to pep up the firm’s production in coming years. Mumbai High in the Arabian sea annually produces about 10 mtoe. The
India on Thursday catapulted itself to veritable exclusive club of the Asian countries with economy-boosting, high-speed rail networks, as Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the ceremoni
The domestic LNG business, which has not been able to take off due to unaffordable price of imported gas, seems set for a revival as suppliers have begun to agree to renegotiate long-term contract prices, and smaller producti
Under a cloud with the recent spate of accidents — there were three derailments, though casualty-free even on Thursday — Indian Railways is set to install wayside equipment that will keep an eye on all wheels of coaches r
In what may give a fillip to the use of piped natural gas (PNG) by households, the ministry of urban development may include gas pipeline infrastructure in builders’ construction plans, much the same way as electricity and
Despite Indian Railways (IR) putting in place enough wagons to transport coal, its freight from the commodity is likely to be hit as subsidiaries of Coal India (CIL) are not being able to load the targeted quantities.
While railway mishaps are turning alarmingly frequent — yet another derailment of coaches was reported near Mumbai on Tuesday morning — one reason for the poor state of affairs is paucity of manpower at the transporter’
Come financial year 2018-19, the Indian Railways (IR) may shift to accrual-based accounting from the current cash-based system, a move that will help it identify its lakhs of unknown assets, assess long-term liabilities and