Project News Details
Highway Projects in North Eastern Region
Japan International Cooperation Agency (JICA) has pledged ODA loan of 96,457 million JPY (Yen) in two tranches for widening and upgradation to 2-Lane with paved shoulder and geometric improvements of the following National Highway (NH) projects:
(i) NH-54 from Km 8.00 to Km 380.00 in the state of Mizoram.
(ii) NH-51 Km. 85.00 to 95.00 and Km. 101.00 to 145.00 in the state of Meghalaya.
Interest rates on the loan for construction works & procurement of goods & services are 1.4% per annum and for consulting services is 0.01%. Re-payment of ‘principal’ will be made in 20 years after the disbursement period of 10 years.
Government has taken up various road improvement projects under Special Accelerated Road Development Programme for North East (SARDP-NE) for better connectivity in the entire region. In order to expedite road construction in the region, the Government has set up the National Highways & Infrastructure Development Corporation Limited to augment the capacity of the agencies involved in the development and maintenance of NH in the Region. Further, the Ministry has adopted the Engineering Procurement and Construction (EPC) mode of contract for major NH works in the region, wherein the contractors are required to complete the work within a fixed cost and time.
This information was given by Minister of State for Road Transport & Highways, Shri Pon. Radhakrishnan in a written reply to a question in the Lok Sabha today.
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.