The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the renewal of Long Term Agreements (LTAs) for supply of iron ore (lumps and fines) of grade +64% Fe content to Japanese Steel Mills (JSMs) and POSCO, South Korea for another five years (i.e. 1.4.2018 upto 31.3.2023) through MMTC Limited.
The government will roll out a red carpet to big foreign players who want to set up greenfield steel projects and the country’s steel manufacturing capacity is expected to rise to 150 million tonnes by 2020, according to a senior official.
Buoyed by its success with senior citizens, the Indian Railways is set to extend its ‘Give it up’ scheme to include other concession holders to offset its nearly Rs 33,000-crore subsidy burden in annual passenger fares.
Petroleum and natural gas minister Dharmendra Pradhan said on Friday the rise in prices of petrol and diesel products in the country is due to international situation and the accompanying sudden increase in crude oil prices caused by disturbances in the Middle East.
Public sector power generator Satluj Jal Vidyut Nigam (SJVN) Ltd has signed an MoU with the Union Power Ministry setting a target of generating 9,200 million units of electricity, according to an official announcement on Friday.
SJVN Limited, the operator of one of the largest Hydro Power Plants in the country i.e. 1500 MW Nathpa Jhakri Hydro Power Station, signed a Memorandum of Understanding (MoU) with Ministry of Power, Govt. of India for the year 2018-19, here today.
With the Indian government aiming to set up a natural gas trading hub in the country, sector regulator the Petroleum and Natural Gas Regulatory Board (PNGRB) is seeking to appoint a consultant to help determine a regulatory mechanism for such a trading exchange.
As the Centre gears up for the election year, Ministry of Road Transport & Highways (MoRTH) has increased its national highway construction target to 45 kilometre per day, even though it failed to meet its earlier set target of 41 km daily.