Upcoming Projects in India

5295 The India International Fabric Expo-2013 will be held between September 8 to 10, organised by Powerloom Development Export Promotion Council (PDEXCIL) of India with the support of the Ministry of Textiles and the Sri Lankan Ministry of Commerce and Industry. Fifty three leading companies from India in the powerloom, handloom and Textiles sector will participate in the event. India and Sri Lanka will also sign a Memorandum of Understanding (MoU) on Cooperation in the Development of SMEs in Handloom, Powerloom and textiles during the event.

5294 Anand Automotive will invest Rs 1,200 crore over the next five years on new product development and capacity expansion. The group has 47 different manufacturing locations across India and the capacity hike will be among these existing plants. The group supplies to most of the automobile makers and globally it supplies to the likes of BMW, VW and Cummins.

5293 Coal India has entered into fuel supply agreements (FSAs) with about 140 power plants, amid the deadline for signing FSAs expiring last month. Some agreements are yet to be signed because of certain issues concerning those power plants. The world's largest coal miner has to sign 173 FSAs for a capacity of 78,000 MW.

5292 Reliance Power expects to make a total investment of Rs. 40,000 crore over the next five years to set up its ultra mega power plant in Tilaiya, Jharkhand. RPower is seeking tariff hikes at its power plants, including at Sasan and Tilaiya, due to the dramatic slide in the rupee and higher-than-expected construction costs. At the Krishnapatnam project in Andhra Pradesh, which is based on imported coal, the company is hoping for a verdict along the lines of CERC's decision on Tata Power's and Adani Power's Mundra plants, by which it allowed it compensatory tariff. Reliance Power Limited is part of the Reliance Anil Dhirubhai Ambani Group

5291 Force Motors is going ahead with its Rs 1,000 crore investment which it announced last year despite the industry facing a slowdown. The company is investing the amount across its entire value chain including brand building and engineering. The company had last year announced investing Rs 1,000 crore in the next three years. Force Motors, formerly Bajaj Tempo, is an Indian manufacturer of three-wheelers, multi-utility and cross country vehicles, light commercial vehicles, tractors, buses and now heavy commercial vehicles.

5290 Government has cancelled initial bids received from 20 power companies for setting up the 4,000 MW ultra mega power project in Odisha and will invite fresh bids in the next fortnight. After finalising the new standard bidding documents (SBDs) for upcoming power plants, including the 4,000 MW capacity ultra mega power projects, Power Ministry will invite preliminary bids for the proposed UMPP in Odisha. Power Finance Corporation, the nodal agency for UMPPs in the country, had floated a tender for 4,000 MW UMPP at Bedabahal in Odisha in the year 2010. Now there will be a fresh round of bidding for the Odisha UMPP and the government is likely to invite initial bids within the next 15 days. Along with the Odisha plant, fresh bids will be invited for the proposed UMPP at Cheyyur in Tamil Nadu.

5289 Hindustan Petroleum Corporation has planned to build new pipelines projects which would be entirely 888 kilometers long. HPCL has already received the Petroleum and Natural Gas Regulatory Board (PNGRB) approval for the same. The company is planning to build 440 km Rewari -Kanpur pipeline, 92 km long Awa-Salawas and 356 km long Mangalore-Mysore LPG pipeline via Hassan and Bengaluru.

5288 Spanish Beauty And Cosmetics Firm Skeyndor Is Working To Enter The Indian Retail Market Under A New Brand Name In The Next Three Years. The Brand Is Currently Marketed By Delhi-Based Ekta Cosmetics Ltd In India, Will Keep Use The Local Partnership For Its Expansion In The Retail Segment. Skeyndor Sells Its Premium Products Through Network Of Salons And Spa. It Sells Its Products In Over 65 Countries Around The World.

5287 The Central Government Approved Setting Up Of An Autonomous Institute To Carry Out Research And Development In The Field Of Solar Energy. The Gurgaon-Based Solar Energy Centre (SEC) Will Be Converted Into National Institute Of Solar Energy, With A Long Term Vision To Develop It As A World-Class Institute. The Institute Has Been Set Up As Part Of The Jawaharlal Nehru National Solar Mission Approved By The Centre In November 2009. The Scientific Community And Financial Institutions To Look Into Various Models Available In The Country And Outside And Prepare A Roadmap For The Institute

5286 The Cabinet Committee On Economic Affairs Has Approved An Rs 4,697-Crore Proposal Of The Health Ministry To Strengthen Tertiary Care Facilities. A Total Of 20 State Cancer Institutes (SCI) Are Proposed To Be Set Up. The Proposal Is To Assist The State/UT Governments In Setting Up State Cancer Institutes (SCI) And Tertiary Care Cancer Centres (TCCC), Which Will Also Treat Those Cases Of Cancer Detected During Screening At District Levels. The Total Expenditure That The Centre Will Incur On The Scheme Under The National Programme For Prevention And Control Of Cancer, Diabetes, Cvds And Stroke Will Be Rs 3,535 Crore, With States Contributing Rs 1,162 Crore. The Scheme Will Enhance Physical (Equipment) Capacity And Help Increase Radio Therapy/Medical Oncology And Other Cancer Related Facilities In Underserved Areas. It Also Seeks To Strengthen Teaching And Research Facilities For Cancer.

5285 Honda Cars India Will Continue With Its Investment Plans Of Rs 2,500 Crore. In The Beginning Of April The Company Had Announced Rs 2,500 Crore Investments. The Company Is Investing In Three Verticals -- A New Car Assembly Line, A Diesel Engine Plant And A Forging Plant At Its Manufacturing Facility At Tapukara In Rajasthan. The Diesel Engine Plant Is Ready And The Other Two Projects Will Be Ready By The End Of Next Year. The Company Is Also Planning To Increase Its Exports In The Current Financial Year. Honda Cars India Ltd. Is A Subsidiary Of The Honda Of Japan For The Production, Marketing And Export Of Passenger Cars In India

5284 Italian Luxury Goods Firm Bulgari Has Sought The Government's Permission To Set Up Exclusive Retail Stores In India. The Brand Will Sell High-End Jewellery, Watches And Accessories Under Its 'Bvlgari' Brand. The Details Of The Proposal Are Not Yet Disclosed. Bulgari Is An Italian Luxury Goods Company That Has Been Owned By The French Firm LVMH.

5283 Mahindra And Mahindra Will Invest Rs 10,000 Crore In The Next Three Years On Capex And Launching New Products. The Company Is Looking For Locations To Set Up Its New Plant To Manufacture New Products And Will Take Final Decision Within This Fiscal. As Part Of Overall Capex, The Company Is Developing Two-Three New Platforms For Brand New Products. Out Of The Two Platforms, One Will Be Led By Mahindra And Mahindra And Its Korean Subsidiary Sangyong Will Also Have A Vehicle On The Platform. The Other Platform Will Be Led By Sangyong And Mahindra And Mahindra Will Have A Vehicle On The Platform.

5282 Iconic American Brand 'The Limited' Is Planning To Enter India By Opening Over Five Stores Early Next Year Joining The League Of Its Global Rivals Such As Zara And Forever 21 In The Country's Women Wear Market Worth Rs 78,500 Crore. The Limited Is An American Clothing Company. It Is Owned By The Private Equity Firm Sun Capital Partners.

5281 Airasia Plans To Set Up Its Hub Either In Bhopal Or Indore To Provide Air Connectivity To Major Cities Across The Country. The Move Would Enhance Madhya Pradesh's Tourism Potential Besides Generating Employment Opportunities And Providing Air Connectivity To Passengers From Malaysia, Thailand, Indonesia, Korea And Australia. Airasia Is A Malaysian Low-Cost Airline Headquartered In Kuala Lumpur. It Has Been Named As The World's Best Low-Cost Airline, And A Pioneer Of Low-Cost Travel In Asia

5279 Tata Motors Will Go Ahead With Its Planned Investment Of Rs 3,000 Crore In The Current Financial Year Despite An Economic Slowdown To Support Growth In Future. The Company Is Yet To Take A Decision On Curtailing Hispano Carrocera's Operations Due To The Slowdown In Europe, Especially In The Spanish Market. The Company Also Plans To Give A Push To Its Nano Car. Tata Motors Limited Is The Largest Manufacturer In Indian Automotive Industry.

5278 Intercontinental Hotels Group (IHG) Has Signs An Agreement With Real Estate Firm Omaxe To Open A 150-Room Hotel Under Its Brand Holiday Inn In New Chandigarh. The Hotel Would Be Located In The 1,000-Acre Township Developed By Omaxe In Sector 4B Of The New Chandigarh, Which Is Near Chandigarh. The New Hotel Will Be A Part Of A Mixed-Use Development That Includes Commercial, Retail And Residential Establishments. Intercontinental Hotels Group PLC Informally Intercontinental Hotels Or IHG Is A British Multinational Hotels Company.

5277 Narayana Healthcare - Healthcare Service Provider That Runs A Chain Of Super-Specialty Tertiary Care Centres In Various States, Especially South India - Is All Set To Establish A 300 Bedded Super-Specialty Hospital With A Capital Outlay Of Rs 100 Crore In Lucknow. The Hospital Would Be A Joint Venture Between Aarogyam Hospital, Rudrabhishek Infrastructure Trust And Dr Shetty Promoted Narayana Health. The Hospital Is Expected To Be Up And Running Towards The End Of 2015. Aarogyam Narayana Health Hospital Would Provide Medical Services.

5276 The Work On Baglihar Power Project Stage II Is To Commence Shortly As Jammu And Kashmir Government Plans An Additional Generation Capacity Of 9,000 MW In Jammu & Kashmir, In The Next Few Years. The Board Of Directors Of Jammu And Kashmir State Power Development Corporation Has Already Approved A Capacity Addition Of 9,000 MW In The State During The 12th And 13th Plans. Baglihar Project Has Been Conceived On River Chenab As Run-Of-River Scheme With A Generation Capacity Of 900 MW Of Power, To Be Developed In Two Stages Of 450 MW Each, With A Common Dam Near Ramban. The Stage-I Has Already Been Completed. The Total Project Cost Is Estimated At Rs 3,113.19 Crore And Is Expected To Be Commissioned In August 2015.

5275 Orient Paper & Industries Has Received Approval To Set Up A Low Voltage Switchgear Project With A Capacity Of 2 Million Poles Of MCB’s At The Company’s Electricals Division At Noida, Uttar Pradesh With An Estimated Capital Outlay Of Rs 25 Crores. Orient Paper & Industries Is Part Of The C K Birla Group. The Company Manufactures And Markets Range Of Fans Under The Name Orient Fans

5274 The Karnataka Government Is Drawing Up A Rs 2,100 Crore Project With Loan Assistance From Asian Development Bank, To Develop And Upgrade Eight City Clusters Around Bangalore To Woo Investment And Ease The Load On The State Capital. The Clusters Proposed To Be Developed Are Nelamangala, Magadi, Anekal, Bidadi, Dabaspet, Harohalli, Devanahalli And Hoskote. A Special Purpose Vehicle -- Bangalore Suburban Rail Corporation -- Would Be Set Up For Implementing The Project Which Is Expected To Ease Congestion In The City. A Master Plan Would Be Prepared In Phases To Project Requirements Of Cities Of Karnataka In The Year 2040.

5273 Gujarat Gas Company Limited (GGCL) Has Signed A Memorandum Of Agreement With Gujarat State Petroleum Corporation Limited (GSPC) For Long Term Gas Supply. Under The Mou, GSPC Has Agreed To Supply 0.85 Million Metric Standard Cubic Meters Per Day (Mmscmd) Of Gas To GGCL From January 1, 2014 Till June 30, 2025. Gujarat Gas Company Limited Is A Subsidiary Of GSPC Distribution Networks Ltd.

5272 Odisha State Government Has Sanctioned A Proposal Meant For The Installation Of Solar Panel In Roof Top Of Every Government Organisation In The Twin City Of Bhubaneswar And Cuttack. The Purpose Of This Project Is To Minimise Rising Power Bills Of Government Offices. This Proposal Has Been Approved Under The Publi-Private-Partnership (PPP) Model.

5271 SMR Holdings Today Announced The Launch Of A Satellite Township Project Close To The IT Hub Of Hyderabad. The Project, SMR Vinay Harmony County, Will Initially Come Up On A Five-Acre Site Of The 45-Acre Land Parcel And Have About 450 Apartments Of One, Two And Three Bedrooms. According To S. Ram Reddy, Chairman And Managing Director Of SMR, “We Will Take Up The Rs 1,000-Crore Project In A Phased Manner And Invest Rs 150 Crore In The Phase One. In The Second Phase, The Project Will See An Outlay Of About Rs 450 Crore And Another Rs 400 Crore Will Be Deployed In The Third Phase,”.

5270 Kandla Port In Gujarat Plans To Set Up A Container Terminal At A Cost Of Rs 5,992 Crore. The Terminal Will Come Up At Tuna-Tekra In The Gulf Of Kutch Outside Kandla Creek, Will Be Capable Of Handling Container Vessels Up To 18,000 Twenty-Foot Equivalent Units, It Will Be Constructed On A Build, Own And Transfer Basis Under The Public-Private-Partnership Mode. The First Phase Will Be Commissioned Within Three Years Of Start Of Construction. The Remaining Two Phases Will Be Commissioned At A Period Of Two Years From Start Of Work For Each Phase.

5269 Kids edutainment brand KidZania is looking at setting up its second centre in Delhi with an investment of about Rs 130 crore. The company will soon announce its second centre in the National Capital Region, it will be bigger than the Mumbai centre. The Delhi centre is expected to be operational in 2015. The company is also investing in advertising and promotional activities across platforms. KidZania is a privately held Mexican company. KidZania is a Mexican chain of family entertainment centers currently operating in 11 locations allowing children to work in adult jobs and earn currency.

5268 The government is looking to increase the fund outlay for various schemes for the promotion of technical textiles to over Rs 700 crore during the 12th Five Year Plan period. Under the 12th Five Year Plan, Rs 11,952 crore has been sanctioned for the overall development of the textile sector, of which Rs 2,400 will be given this financial year. To develop technical textile in the northeastern states, the government has sanctioned government support of Rs 55 crore for geo textile and another Rs 500 crore and under process

5267 Real Innerspring Technologies plans to invest Rs 400 crore, including setting up of three new manufacturing plants, in the next 4-5 years for expansion in the country. The company is scouting for location in South India to set up a plant to cater to the demand in the region. RITL had entered into long-term licence agreement for the Indian market with the US-based King Koil earlier this year. The company plans to introduce the King Koil brand to 300 to 450 multi-brand outlets this year.

5266 Indraprastha Gas Limited (IGL) is looking to expand its network in several other parts of the country. The gas company plans to invest Rs 400 crore in augmenting its infrastructure to meet the growing demand of CNG and PNG. Indraprastha Gas Limited, is one of India's leading natural gas distribution companies

5265 MAS GMR Aero Technic Limited is planning to foray into global markets besides becoming an authorised service facility for Bombardier Q400. The company also aims to perform 75 checks on aircraft this fiscal. The company is in advanced stage of negotiations with various domestic airlines and is making efforts to execute contracts and plans to engage marketing consultants for business development. MAS-GMR Aerospace Engineering Co. Ltd. is a Joint Venture company between Malaysian Aerospace Engineering Sdn. Bhd. (MAE), Malaysia and GMR Hyderabad International Airport Ltd. (GHIAL), Hyderabad, India.

5264 ACC cement will set up a factory in Kharagpur in West Midnapore district. The company will invest Rs 600 crore for setting up the 15 lakh tonne factory at Kharagpur. The proposed factory would begin production within the next three years. The Associated Cement Companies Limited (ACC Limited)is one of the largest producers of cement in India.

5263 Rashtriya Chemicals & Fertilizers will invest nearly Rs 1,000 crore towards equity participation in its joint ventures for urea and ammonium nitrate plants at Talcher in Orissa. Rashtriya Chemicals long with Coal India, GAIL and Fertilizer Corporation of India is contemplating setting up Rs 6,000 crore fertilizer complex, comprising of 2,700 MTPD ammonia plant, 3,850 MTPD urea plant, 850 MTPD nitric acid plant and 1,000 MTPD ammonium nitrate plant at Talcher. The Talcher project is proposed to be done on Lump Sum Turn-Key (LSTK) basis. Project capital cost is estimated to be approximately Rs 9,000 crore (including coal gasification). A MOU amongst the proposed promoters has been signed. The company also plans to expand the capacity of urea by setting up one single stream ammonia plant of capacity 2200 MTPD and one single stream urea plant of capacity 3850 MTPD at the existing site at an approximate cost of Rs 4,200 crore

5262 National Hydroelectric Power Corporation (NHPC) is planning to spend Rs 300 crore on its 280 MW Dhauliganga hydro power project. The hydro power project was impacted by the recent floods in Uttarakhand. Due to floods in Uttarakhand, the project has completely stopped power generation and it will take few more months for operations to resume. At present, NHPC is seeking approvals for about 10 projects having a total capacity of 8,801 MW. NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.

5261 Lupin has received United States Food and Drugs Administration (UFDA)’s approval for Gatifloxacin 0.5% ophthalmic solution. Gatifloxacin, a broad-spectrum antibiotic, is formulated as eye drops for ophthalmic use. The drug is indicated for the treatment of bacterial conjunctivitis and keratitis and is a fluoroquinoline antibacterial antibiotic that acts by inhibiting bacterial topoisomerases II and IV, enzymes which are essential for bacterial DNA replication, transcription and translation. Lupin Limited is a transnational pharmaceutical company

5260 Jayant Agro and two Japanese firms Mitsui Chemicals Inc and Itoh Oil Chemicals Co. has entered into a JV agreement in the ratio 50:40:10 respectively for investing in the equity shares of Vithal Castor Polyols Pvt Ltd. The JV will be focusing on manufacturing castor oil based Polyols through Vithal Castor Polyols. Mitsui Chemicals is a leading manufacturer and supplier of value added specialty chemicals, plastics and materials. Jayant Agro-Organics Limited is an emerging global oleochemical company.

5259 Fortis Healthcare is looking at a potential capacity of around 10,000 beds from its currently operational capacity of around 4,000 beds. Three hospitals - Gurgaon, Chennai and Ludhiana - are expected to be operational soon. Investments into infrastructure, land and civil works will be carried out by the Religare Health Trust. Fortis Healthcare is an integrated healthcare delivery service provider in Asia.

5258 Power Grid Corporation of India (PGCIL) has received an approval for two investment proposal worth Rs 209.13 crore. Power Grid Corporation of India (PGCIL) has received an approval for two investment proposal worth Rs 209.13 crore. The second investment approval is for Eastern Region Strengthening Scheme-VIII (ERSS-VIII) at an estimated cost of Rs 73.48 crore with commissioning schedule of 20 months from the date of investment approval

5257 The second unit of the 2X300 MW power plant of GMR's EMCO Energy Limited at Warora in Chandrapur district of Maharashtra has been synchronised with the grid. Emco Energy Limited is the GMR Group’s first coal-based power plant to commence commercial generation. The power generated from the plant is being evacuated to Bhadravati through a 400 kV transmission line. EMCO Energy Limited will supply power to Maharashtra, Dadra & Nagar Haveli. GMR Group is a infrastructural company

5256 Bharatiya Global Infomedia has received an in-principle approval to set up new office(s) of the company in USA/Singapore. The board of director in its meeting has approved the same. Bharatiya Global Infomedia is engaged in the field of Safety, Security and Automation.

5255 Videocon Mobile Services is planning to roll out fourth generation (4G) services by July-August next year. The company is in talks with Nokia Siemens Networks (NSN) for infrastructure. The services will be launched in all six circles, where it bagged spectrum in the November 2012 auction. The 4G technology is based on FDD LTE, which enables operator(s) to gain more efficiency using the same spectrum resources. Videocon Industries Limited is an Indian multinational industrial conglomerate

5254 Karnataka Plans To Build Five Electronics Clusters In The State To Attract Investments, Boost Production And Generate Employment. Two Greenfield Electronics Clusters Will Set Up At Devanahalli (Near The Bangalore Airport) And Narsapur (In Kolar District, About 100 Km From Here) And Develop The Three Electronic Systems Design And Manufacturing (ESDM) Sectors At The Electronics City And Peenya In Bangalore And Mysore Into Clusters. The Clusters Will Set Up Under The Public-Private Partnership (PPP) Mode. The Proposal For The Devanahalli Cluster Has Been Sent To The Union Ministry Concerned For Clearance And Funds, As The Project Cost Of Rs.100 Crore. The State Government Is Planning To Set Up Rs.500-Crore Seed Fund For The ESDM Sector.

5253 HDFC Bank Is Planning To Open Over 300 New Branches Across The Country And Hire 1,000 To 2,000 People As Part Of Its Expansion Programme In The Current Fiscal. The Bank Is Waiting For License To Open New Branches. HDFC Bank Also Announced Opening Of 18 Rural Branches In Haryana Which Will Take Its Total Network To 200 Branches In The Agrarian State.

5252 NIIT , NIIT University And Autodesk Inc. Have Signed A Tripartite Memorandum Of Understanding (Mou) To Evangelize Design As A Learning Discipline In India. Under The Agreement, NIIT And NIIT University Will Leverage Design Tools Of Autodesk To Offer A Host Of Design Programs. NIIT University Will Set Up A Design Lab And Launch Masters Programs In Design To Support Research And Innovation. Various Specialized Design Programs Will Be Launched For College Students. For School Students, NIIT Will Introduce Design Literacy Programs To Promote Design Thinking. NIIT Along With Autodesk And A Specially Constituted Design Advisory Council, Set Up Under The Aegis Of NIIT University, Will Be Designing The Curriculum. NIIT Is One Of The Top Five Training Companies In The World

5251 Kotak Mahindra Bank Is Targeting To Expand Its Branch Network By 20 Per Cent In The State In The Current Financial Year. The Bank Is Planning To Open 100 New Branches, Including 20 Specialised Branches For Small And Medium Enterprises, Agriculture, Wealth And Non-Resident Services Across The Country In The Current Financial Year.

5250 The Government Is Open To Giving 100 Per Cent Stake To Private Parties In Six Select Airports, Including Kolkata And Chennai. In This Regard, Soon Request For Qualification (RFQ) Will Be Issue By The Civil Aviation Ministry. The RFQ For The Other Four - Jodhpur, Guwahati, Ahmedabad And Kolkata - Would Be Issued In The Next Few Weeks. The Ministry Had Earlier Proposed To Privatise The Airports At Chennai, Kolkata, Ahmedabad, Jaipur, Lucknow And Guwahati Which Were Modernised By The Airports Authority Of India (AAI). RFQ Would Be Issued By The Key Infrastructure Development (KID) Cell Of AAI.

5249 The Pune Cantonment Board (PCB) Has Approved A Rs121-Crore Budget For 2013-14 For Constructing A Sewage Treatment Plant, A Stadium, Installing Closed Circuit Television Cameras And Upgrading Its Hospital And Other Projects. The 20 MLD Sewage Treatment Project (STP) Worth Rs 33 Crore Will Be Constructed At 900, Boottee Street. A Provision Of Rs 8 Crore Has Been Made To Begin Construction. The Funds Will Be Obtained From The Capital Assets Of The Ministry Of Defence (Mod).

5248 Coal India Ltd Is Planning To Develop Coal Mine Methane (CMM) From Its Mining Areas Which Would Be Beneficial For Mine Safety As Well As The Environment. Central Mine Planning And Design Institute (CMPDI) , A Nodal Agency For Development Of CMM, Has Successfully Implemented A CMM Demonstration Project At Moonidih Mine Of Bharat Coking Coal Ltd (BCCL), Funded By The Government Of India. A Total Of 33 Coal-Bed Methane Blocks Have Been Awarded Under 4 Rounds Of CBM Bidding, Out Of Which 3 Blocks Have Been Relinquished. 9.9 Trillion Cubic Feet Of CBM Gas In Place Has Been Established In 8 Blocks So Far.

5247 Ziqitza Health Care Limited (ZHL) Has Joined The Business Call To Action (Bcta) Global Initiative To Expand Its Ambulance Services Across India, Africa And Latin America. The Firm Aims To Increase The Number Of Patients Served From Two Million In 2012 To Seven Million By 2015. ZHL Partners With Various State Governments To Provide Ambulances Under The Brand "Dial 108 In Emergency". It Is Currently Operational In Bihar, Punjab, Odisha And In Thiruvananthapuram. ZHL Also Operates A Private Ambulance Service "Dial 1298 For Ambulance" In Mumbai, And In Punjab, Bihar And Kerala.

5246 Karnataka Government Has Acquired 370 Acres Of Land For The Development Of Belgaum Airport And Handed Over The Same To Airports Authority Of India (AAI) For Development Of Runway Extension, Basic Strip, Construction Of A New Apron With Taxiway Etc, This Airport Is A Civil Airport Belonging To AAI.

5245 Reliance Industries And Its Partner BP Plc On Thursday Won Approval To Invest USD 3.18 Billion In R-Series Gas Field In The Flagging KG-D6 Block. Both Partner Companies Plan To Quickly Bring Satellite Fields In The KG-D6 Block To Production To Help Reverse The Decline In Output. The Block Oversight Committee Approved Plans Of RIL And Its Partners BP Plc Of UK And Niko Resources To Produce 13-15 Million Standard Cubic Meters Per Day Of Gas For 13 Years From D-34 Discovery In The KG-DWN-98/3 Or KG-D6 Block. RIL Estimates That Output From KG-D6 Can Reach Up To 60 Mmscmd By 2019 When All Of The Satellite Fields Are Put Into Production. The Management Committee Had Last Year Approved USD 1.529 Billion Investments In Four Satellite Fields That Can Produce 10 Mmscmd. Investment Plans For Rest Are Under Consideration.