Petronet LNG has taken a final investment decision (FID) on the phase 1 of a floating storage and regasification unit (FSRU) based LNG terminal to be installed at the Gopalpur Port in Odisha. The investment required for floating LNG terminal in Ganjam is INR 2,306 crores. According to Petronet LNG, the FSRU will have the […]
Tata Steel Long Products (TSLP) said that it has restarted the blast furnace at the Kalinganagar iron and steel plant of its subsidiary Neelachal Ispat Nigam Ltd (NINL). According to the Tata Group company, the milestone comes 90 days after the completion of acquiring a 93.71% stake in Neelachal Ispat Nigam Limited for INR 12,100 […]
Bharat Heavy Electricals Limited (BHEL) said that it has bagged an order from NTPC Ltd for 1.32GW Stage 3 of the Talcher Thermal Power Project in Odisha. Under the engineering, procurement, and construction contract, BHEL will be responsible for setting up two power-generating units of 660MW capacity each. The Talcher Thermal Power Project was having […]
Larsen and Toubro Limited (L&T) said that the water and effluent treatment unit of L&T Construction has bagged a repeat order from the Odisha Department of Water Resources for installing a pressurized underground pipeline irrigation network system for the right command of Lower Suktel irrigation project. According to Larsen and Toubro, the contract is valued […]
Bharat Road Network Limited (BRNL) said that it has wrapped up the sale of its 40% stake in Shree Jagannath Expressways Pvt Ltd (SJEPL), the operator of a 67km toll road in Odisha, to India Highway Concession Trust. The buyer is an infrastructure investment trust established by Canada’s Caisse de dépôt et placement du Québec […]
GPT Infraprojects Limited, the flagship company of GPT Group, has secured an order worth around INR 292 crores in joint venture from the Office of the ECOR-CONST-HQ-ENGG in Bhubaneswar, Odisha. Under the contract, GPT Infraprojects will be responsible for the execution of viaducts, major bridges, supply of vehicle, road over bridges (ROBs), site facilities and […]
JSW Utkal Steel (JUSL), a fully-owned subsidiary of JSW Steel, has secured the environmental clearance (EC) for establishing a greenfield integrated steel plant in Odisha from the Indian government. The clearance from the Union Ministry of Environment & Forest and Climate Change (MoEF&CC) is for a steel factory with a capacity of 13.2 million tonnes […]
NLC India Limited has signed a power purchase agreement (PPA) with the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for sourcing 1.5GW power from the NLC Talabira Thermal Power Project in Jharsuguda district, Odisha. The PPA was signed in the presence of Tamil Nadu Chief Minister MK Stalin. NLC India is in the process of […]
Tata Steel Limited and Tata Steel Long Products Limited have signed a share sale and purchase agreement for acquiring a stake of 93.71% in Neelachal Ispat Nigam Limited (NINL) for INR 12,100 crores. Tata Steel and Tata Steel Long Products signed the agreement with MMTC, NMDC, MECON, Bharat Heavy Electricals Ltd (BHEL), Industrial Promotion and […]
Tantia Constructions Limited is set to win a contract for the construction of bridges between Basta and Rupsa in Odisha from the South Eastern Railways after prevailing with a bid of INR 42.2 crores. The Kolkata-based construction engineering company said that it has received a letter of acceptance in this connection. The contract work is […]