Project News Details
Govt. Updates on Status of Lakhwar Dam Project
Investment clearance for Lakhwar Multipurpose Project has been accorded by the Government in April, 2016 with an estimated cost of Rs. 3966.51 Crore (Irrigation component Rs. 2578.23 Crore & power component Rs. 1388.28 Crore).
The Water Resources Ministry has received a letter dated 06.01.2016 from Government of Haryana for funding of Lakhwar Dam as per the guidelines of National Projects. As per Memorandum of Understanding (MoU) dated 12th May, 1994 amongst participating Upper Yamuna Basin States, an allocation of 47.818% of utilizable water resources of river Yamuna assessed on mean year availability exists for Haryana. Based on the MoU, a draft agreement on Lakhwar Project was circulated in September, 2013 amongst basin States for their observation. A meeting was held on 20th July, 2016 under the Chairmanship of the Secretary, Ministry of Water Resources to arrive at an agreement.
This information was given by Union Minister for Water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti in a written reply in Lok Sabha.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.