Project News Details
Number of airports to be doubled to 150: Jayant Sinha
“Aviation sector is the sunrise sector of growth and going through profound changes”, remarked Mr. Jayant Sinha, Minister of State for Civil Aviation, while addressing the 89th Annual General Meeting of FICCI.
The aviation sector has dramatic headroom for growth with 150 million passenger trips a year as compared to China with 450 million passenger trips and USA at 800 million passenger trips a year. The total revenue of airlines is Rs 1.4 lakh crore and is growing at a rate of 20%. He added that as of today 9 crore passenger travel domestically and 5 crore internationally.
He emphasized that the government is committed to safety and security and will launch the unified command of CISF in the entire aviation system.
The minister specified that there are three priorities for the government. The first is better, delightful and digital experience through AirSewa, which serves as an integrated collaborative platform. Adopting the Kaizen principle, the Ministry will bring continuous improvement in the areas of airport facilities, decrease in immigration lines, customer services etc. Second, under the Regional Connectivity Scheme, the government is working for expansion of aviation map from 75 to 150 airports in the country. Recently the airports of Kanpur and Bhatinda have become operational under the scheme.
Going ahead, he said that government is working to build airport capacity by expanding existing terminals, building new terminals and developing greenfield airports. The Minister said that Rs 2.5-3 lakh crore investment is required for airports excluding the land acquisition cost. He added that government is a developing regulatory framework for the aviation sector to make it asset class attractive.
Asked about the performance of Air India, the Minister said that all operating factors including load factor, cabin crew are looking positive. However, a clear strategy is to be defined to make it financially robust.
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.