BP-Reliance earmarks ₹35,000-cr investment in KG Block

Reliance Industries Ltd
British energy generating giant BP plc, together with local partner Reliance Industries, will invest ₹35,000 crore to bring to production three natural gas fields in the Krishna Godavari basin block in the Bay of Bengal by 2022,. Chief Executive (Upstream) BP, Bernard Looney, said that the partners are also negotiating development of natural gas found in Mahanadi basin, off the Odisha coast. The partners are investing in three gas development projects in the KG-D6 block, which are expected to bring about one billion cubic feet per day of domestic gas onstream by 2022. The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in the country. Last month, the partners had announced investment sanction for development of their deepest natural gas discovery in the KG-D6 block. The MJ, or D-55, gas find will be developed in sync with the previously approved 'R-Series' and the Satellites Cluster development to add 30-35 million standard cubic metres per day of natural gas production in phases.

JK TYRE LAUNCHES NEWEST 23.1-26 SIZE V-COMPACT TYRE AT EXCON 2019

Indian Tyre Industry major and market leader in Truck Bus Radial tyre segment, JK Tyre & Industries launched the new V-Compact R3 tyre at the on-going EXCON 2019 trade show. The 23.1-26 V- Compact R3 has been designed especially for soil Read More ...

JAI bags Jewar Airport project and will invest ₹4,500-cr

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DBL wins ₹1,250-cr expressway project in UP

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Gaur Group goes for ₹750-cr realty projects

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Hines unveils $500-mn investment plans in India

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DMRC goes vertical in Phase-IV of the project

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GMRCL fast tracks ₹12,020-cr metro in Surat

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Adani led consortium sets to bag ₹8,000-cr HCMTR contract

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Godrej in JV unveils ₹700-cr commercial project

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AP pushes ₹1,300-cr infrastructure projects

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Railway approves ₹2,410-cr projects in TN

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Puravankara targets ₹8,000-cr from new realty projects

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DDA rebuilding 378 slum clusters in Delhi

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Chandigarh gives go ahead to ₹200-cr structure

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AIF achieves first closure at ₹10,530-cr

Special Window for Affordable and Mid-Income Housing Fund (SWAMIH) Investment Fund I, sponsored by the government for providing last-mile funding enabling completion of construction of stalled projects, has achieved its first closing Read More ...

JCB India displays newest technological innovations at Excon'19

JCB India, country's leading manufacturer of Earthmoving and Construction Equipment, showcased a wide range of new, smart, technology-driven machines at the 10th edition of Excon'19 in Bengaluru. Riding high on the back of Excon'19 Read More ...
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