Search Result for : Gail India

The Dollar Business Bureau In a bid to take forward the Jagadishpur-Haldia-Bokaro-Dhamra gas pipeline (JHBDPL) project, GAIL (India) Limited has approved the placement orders for the laying work of 345-km section extending from Phulpur to Dobhi at an estimated cost of Rs.306 crore. The project, slated to begin by October-end and targeted to be completed by December 2018, will be simultaneously executed by JSIW Infrastructure Pvt Ltd and IL&FS Engineering & Construction Co Ltd under two different sections. The plan will be supported with a capital grant of 40 percent or Rs.5,176 crore, to be used over a period of five years. The amount has been duly approved by the Cabinet Committee on Economic Affairs (CCEA) as a first-time incident of the Centre releasing funds ...

The Dollar Business Bureau  State-run GAIL (India) Ltd and California-based Bloom Energy on Monday inked a memorandum of understanding (MoU) for deploying revolutionary natural gas-based fuel cell to generate power. The MoU was signed by B C Tripathi, Chairman and Managing Director of GAIL and Dr K R Sridhar, CEO, Bloom Energy, in the presence of Dharmendra Pradhan, Minister of Petroleum and Natural Gas.Speaking at the occasion, Pradhan said, ‘This would be a technology which will have less pollution. We want this to be implemented in places like even our Parliament and also in areas like Andaman and Nicobar, where people are hugely dependent on diesel for power generation.” This new technology transforms fuel into power via electro-chemical process and water is also less utilized in this method ...

The Dollar Business Bureau Union Oil Minister Dharmendra Pradhan said that India is taking a lead for creating an alliance of gas importers all over the world for ‘reasonable and affordable pricing’. Pradhan told the reporters, "We must have cooperation between all the LNG (Liquefied Natural Gas) and gas consuming countries, we must create a situation for a reasonable, rational and affordable price. India is taking the lead to create a network between these major gas consumers.” He added that calling gas an important fuel will be an important constituent for the country’s energy basket. The state-run GAIL is taking a lead in the negotiations between companies at the international level. GAIL is already in contact with the companies in South Korea and Japan. ...

The Dollar Business Bureau The government decided not to hike urea prices for the next three years, said Union MoS for Chemical and Fertilizers, Hansraj Gangaram Ahir. While addressing the gathering present at the NDA government’s ‘Vikas Parv,’ Ahir stated that some measures have to be implemented to benefit farmers as Prime Minister Narendra Modi-led government strives for the welfare of the farmers. Ahir was accompanied by the Civil Aviation Minister Ashok Gajapati Raju for the event. The minister advised farmers to use neem-coated urea as it requires less investment and output too increases than with the usage of the regular urea, Ahir added. Meanwhile, plans are afoot to revive FCI’s Talcher fertilizer plant which may commence soon with an investment of Rs.6000 crore. ...

The Dollar Business Bureau The revised agreement of Petronet LNG Limited (PLL) with RasGas of Qatar has helped to lower down the importing cost of natural gas to below $5 per mmBtu from the earlier $12 per mmBtu, said Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas on Monday. In December 2015, India convinced Qatar to slash the prices of natural gas by almost half, to align with the declining global energy prices, thus helping the country in saving billions of dollars. India also got the oil exporting nation to waive off a liability of Rs.12,000 crore, for gas short-lifting. "Previously, the prices of LNG during 2015 were above $12 per mmBtu. Now, under the revised contract, the ...

Prof. A.K. Sen Gupta | The Dollar Business   Last year saw the beginning of new bilateral trade ties between India and Russia, fuelled by India’s growing interest to push exports and a host of economic woes in Russia, and which resulted in the two countries aiming to triple bilateral trade to around $30 billion in coming years.Indian Prime Minister Narendra Modi and Russian President Vladimir Putin held talks at the 15th Annual India- Russia Summit in New Delhi in December 2014 to further boost cooperation between the two strategic partners. Both the countries sought to outline a joint vision of their ties and also ink major agreements in the field of energy, defence and trade. The two countries discussed issues related to ...