L&T will build the ports, operate it for a while and then transfer it to L&T-IDPL. Consequently, the new ports, like shipbuilding, will not sit on L&T's books though it will reap the benefits as the constructor of the projects.L&T is also constructing three airports: the new one coming up in Delhi (as the main contractor, end to end), at Bangalore as a constructor and an equity partner, and at Hyderabad (as the constructor).
A day after Reliance Industries Ltd announced sale of 30 per cent interest in its 23 oil and gas blocks, Canada-based Niko Resources, RIL's partner in three fields - D6, NEC 25 and D4 - on Tuesday said it has the option to increase its stake in the fields by up to 30 per cent from current working percentages.
IT major Infosys and Microsoft have entered into a multi-year strategic engagement with Ausgrid to accelerate the cloud transformation of the largest electricity distributor on Australia's east coast. This programme will further Ausgrid's vision to connect communities and empower lives with a focus on affordability, reliability and sustainability, Infosys said in a regulatory filing on Monday. "With over 4 million Australians relying on our services every day, it is essential we are maintaining our high standard of reliability and connectivity, as well as delivering on the expectations of Australian communities," Nick Crowe, acting CIO at Ausgrid, said.
The incident occurred around 5.15 am, they said, adding a relief train from Sambalpur station has been rushed to the spot.
Eleven days, 18 hours and 45 minutes after setting out from California, Srinivas Gokulnath created history by becoming the first Indian to complete what is considered to be the toughest cycle race in the world -- the 4,900-km Race Across America (RAAM) in the solo category.
Reliance Industries and Oil and Natural Gas Corporation will present their views as producers on pricing of natural gas on Tuesday to a panel of top government officials formed to resolve the vexed issue.
Cyclone Biparjoy made landfall near Jakhau Port in Gujarat on Thursday evening with a wind speed of 115-125 kmph gusting to 140 kmph as heavy rains lashed the coastal region, where several areas plunged into darkness due to power cuts and a large number of trees, electric poles and hoardings got uprooted.
Oil and Natural Gas Corporation has offered Brazilian oil firm Petroleo Brasileiro SA (Petrobras) a stake in its east coast blocks in exchange for getting a 15 per cent stake in a Brazilian exploration acerage.
Sent in to bat, North Zone couldn't get any momentum and were reduced to 17 for two in 6 overs.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
A profusion of religious architecture spreads over an ancient agrarian landscape in Tamil Nadu, the deep south of India. Guy Trebay takes it in.
Reliance has submitted an initial development plan (IDP) for six gas discoveries in the NEC-25 block in Orissa, envisaging a production rate of 35-40 million standard cubic meters per day.Reliance has not detailed a production schedule from the six discoveries where it estimates a total potential of 8.2 Trillion cubic feet, of which 1.1 Tcf is recoverable.
The block was offered to the consortium under New Exploration and Licensing Policy (Nelp VII). RIL has 70 per cent participating interest and BP, which is the operator of the block, holds the remaining 30 per cent.
Norway-based Aker Solutions, appointed by ONGC to explore the possibility of sharing RIL's infrastructural facilities on the East Coast, is expected to submit its final report next month, sources close to the development said.
The sleepy fishing hamlet of Hanumanthaikuppam near Puducherry came alive on Tuesday when former US president and Nobel Laureate Jimmy Carter made a brief visit to a site where houses are being built for tsunami victims.\n\n
With a wind speed of up to kilometres per hour while heading east-northeastward, the cyclone hit the Barisal-Chittagong region, sending impacts across the country.
The severe cyclonic storm lay over the south-east Bay about 300 km west of Port Blair on Monday and had intensified into a very cyclonic storm by 1.30 am, they said. It now lay about 950 km south south-east of Paradip at 8.30 am on Tuesday. The system is likely to intensify further and move in a north-western direction.
Balasore district hospital looked like a war zone with the injured lying on stretchers in the corridor and rooms bursting at its seams with extra beds propped up.
A slew of investment proposals in West Bengal, starting from agri-retail chain to petrochemicals, are likely to be discussed when Reliance Industries Chairman Mukesh Ambani meets Chief Minister Buddhadev Bhattacharya in Kolkata on Wednesday.
"We have just kept skeleton staff at the plant and rest have been sent home," Deepak G Inamdar, a senior engineer at the plant had told Gulf News over phone from Sur on Wednesday.
Know the forts India has nominated to the UNESCO World Heritage list.
A Coast Guard Dornier surveillance aircraft with three crew members on board went missing on Monday night off the coast of Chennai.
The project is currently under litigation after environmental concerns were raised against the plan of linking the PalkBay and the Gulf of Mannar by creating a shipping channel through the shallow sea, says Ruchika Chitravanshi.
RIL on Monday submitted a commerciality report for the Dhirubhai-39 discovery in block KG-DWN-2003/1, about 50 km off Machilipatnam in Andhra Pradesh, to the oil ministry and the directorate general of hydrocarbons. A company official said the well KG-V-D3-A1 flowed 38.1 million cubic feet per day of gas and the find was later named Dhirubhai-39.
Indian Oil Corporation plans to invest about Rs 25,000 crore (Rs 250 billion) for setting up a new 15 million tonnes refinery and petrochemicals complex at Ennore in Tamil Nadu to maintain its position as India's largest refiner.
Reliance Industries Ltd has found new natural gas reserves in Krishna Godavari basin D6 block off the east coast, the company's minority partner Niko Resources has said.
There was no immediate confirmation of the incident from the Liberation Tigers of Tamil Eelam.
Steel baron Lakshmi N Mittal is eyeing to buy half of Hindustan Petroleum Corp's exploration arm Prize Petroleum for about Rs 200 crore (Rs 2 billion). Mittal, which made rapid advances in oil sphere this year first with a 49 per cent stake in HPCL's Bhatinda refinery and then partnering the state-run firm for a separate refinery on the east coast, is in talks with financial institutions to buy out their 50 per cent stake in Prize Petroleum.
Rainfall in August is predicted to be below normal (less than 94 per cent of LPA), but the situation is expected to improve comparatively in September, the IMD said.
Oil and Natural Gas Corporation said on Wednesday it will begin production from its ultra deep sea gas discovery in the Krishna-Godavari basin off the east coast by 2012-13.
The latest developments come amid pressure from the United States and Japan on North Korea to return to stalled negotiations on its nuclear ambitions.
CPM leader Tapen Sen has asked Prime Minister Manmohan Singh for a probe into what he called 'artifical inflation' in Reliance Industries' KG-D6 spend and the Mukesh Ambani-run firm's 'manipulation' of gas price.
A Committee of Secretaries will meet on July 6 to discuss pricing of natural gas to be produced from Reliance Industries' block off the east coast and whether the Centre should take its share in cash or kind.
ONGC signed an agreement with the Norwegian deepwater export to develop deepwater oil and gas blocks on Monday evening.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances