Project News Details
Three Projects worth Rs. 1174.94 Crore Launched
The National Heritage City Development and Augmentation Yojana (HRIDAY) was launched from Amritsar in Punjab today for 12 cities in the country including the Holy city of Amritsar, the centre of Sikhism to be the first under this project. Government of India has sanctioned Rs. 69.31 crore as 100% grant for Amritsar city. Union Minister of Finance, Corporate Affairs and Information & Broadcasting Shri Arun Jaitley launched this Yojana at Amritsar in the presence of Union Ministers Mr. Venkaiah Naidu, Smt. Harsimrat Kaur Badal, and Shri Vijay Sampla, and Chief Minister of Punjab Shri Parkash Singh Badal and Deputy Chief Minister Shri Sukhbir Singh Badal.
Foundation stone was also laid today, to make Amritsar-Bathinda-Ganganagar Highway Four Lane and for Hrike by Pass project which are worth Rs.1100 crore. Also, a Rehabilitation Centre, Amritsar - a project worth Rs.5.66 crore, was also inaugurated.
Addressing the function, Shri Arun Jaitley, Union Finance, Corporate Affairs and Information & Broadcasting Minister said that cultural heritage of Amritsar and Punjab will be maintained and sustained further through the joint efforts of Union and Punjab Governments. In Punjab, SAD-BJP alliance is not only a political alliance but it is a social alliance which brought in peace, communal harmony and ushering in an age of Development in Punjab, he said. Shri Jaitley further said that the development of agriculture sector is a major concern for all of us and the Centre had already started irrigation projects worth Rs50000 crore.
Union Minister of Urban Development, Shri Venkaiah Naidu in his address mentioned that, on the recommendation of State Government 16 cities of Punjab are being covered under AMRUT while three other cities will be developed as Smart cities. He further added that NDA government’s objective is to promote inclusive urban development so that those living on the margins of urban areas also benefit adequately from urban development.
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.