NHPC to commission 2,000 MW hydropower project on Subansiri near Arunachal-Assam border by March 2022

1200px-NHPC_Logo.svg_.png

PSU major NHPC Ltd will finally be able to commission the 2,000 MW Subansiri hydropower project by March 2022, which has been stalled for nearly eight years due to intense protests by many groups in Assam.  Construction work of the ambitious project at Gerukamukh along the Assam-Arunachal Pradesh border on Subansiri river was halted from December 2011 […]

Read more

Assam Petrochemicals to start a methanol, formaldehyde plant by January 2021

refining.png

State-run Assam Petrochemicals Ltd (APL) will commission its methanol and formaldehyde plant by January 2021 to cater primarily to the domestic fuel market and is planning to export it to the neighbouring countries. The company is currently constructing the methanol plant with 500 tonnes per day (TPD) capacity and a 200-TPD formaldehyde unit at Namrup […]

Read more

ONGC invites bids to reverse declining output from ageing oil and gas fields

State-owned ONGC has invited bids from global oil and gas companies for undertaking work to boost production from its ageing fields as it looks to reverse declining output. The 15-year Production Enhancement Contract (PEC) will require firms to commit to investing in capital and operating expenditure to increase production, higher than the existing baseline output, according to the tender document. […]

Read more

NDDB to expand its reach to East and North-Eastern parts of India

milk.jpg

The National Dairy Development Board (NDDB) is expanding its footprint in Eastern and North-Eastern States in the country by taking dairy development activities in some of the most backward areas of these regions together with local partners, it said in a statement. Recently, the Jharkhand government signed a memorandum of understanding (MoU) between NDDB and […]

Read more

Bulk tea sees rise in consumption as well as price, despite Covid-19: ICRA

christine-wehrmeier-l4MCijLHc0Q-unsplash-scaled.jpg

Despite the COVID-19 pandemic that has created a demand-supply mismatch, the bulk tea industry has witnessed a sharp increase in both consumption as well as prices, according to a report by ratings agency, ICRA. The bulk tea companies, particularly of northern India are expected to report their best financial performance witnessed in recent history, mainly on the […]

Read more

NTPC, India’s national power company, plans buyouts to enter distribution business

scunthorpe-works-3.jpg

State-run NTPC said that it is “actively looking for” opportunities in the business of power distribution, a move that gels with its diversification drive. NTPC’s chairman and managing director Gurdeep Singh unveiled the plan at the company’s annual analysts and investors meet. The company is looking for candidate with 25 years of power industry experience […]

Read more