Mumbai: The state government is looking beyond its proposed coastal road plan to develop a comprehensive network of urban freeways and highways connecting the financial capital of the country to major satellite townships. The 1,740-km highway corridor will be developed by 2030.
This has been recommended by the 11-member joint technical expert committee, which submitted its final report to chief minister Prithviraj Chavan on Tuesday. The panel, headed by municipal commissioner Subodh Kumar, has drawn the idea from a Comprehensive Transport Strategy prepared by consultants Lea Associates for the MMRDA in 2009.
The committee acknowledged that even though the share of public transport in Mumbai and surrounding areas is already high, the roads are badly congested and the government needs to substantially invest in road transport infrastructure. This could be done in the form of rings, radials, urban freeways and a well-developed and connected network of highways. High-quality transport network consisting of urban freeways and different types of transit system is the need of the hour, the panel has said. "The recommended highway network will comprise a significant roads length running along the city coastline." The highway network would connect to a ring road that would be constructed around Mumbai. Beginning from Nariman Point in South Mumbai and connecting to Versova will be the Western Freeway.
Similarly, an Eastern Freeway will run along the Eastern Coast of the Island City and connect to Chembur, further merging with the Eastern Express Highway at Ghatkopar. The proposed Sewri-Nhava Trans Harbour Link will secure connectivity between Sewri and Nhava. The MTHL and the Virar-Alibag corridor will complete the ring road around Mumbai.
While the overall cost estimate has not been arrived at, the ring road could be around 58 kms and cost Rs 32,000 crore, said estimates. Of the total network of Highway Corridor, nearly 539 kms will be newly developed, another 782 kms of existing arterial road will be upgraded or extended, arterial corridors and links to the length of 420 km will be constructed. The proposed Highway Corridor will include Eastern Freeway, Sewri-Worli Sea Link, Mumbai Trans Harbour Link (from Sewree to Kharkopar, Rave), inner ring roads connecting Kaman, Bhiwandi, Panvel and Dronagiri, Middle Ring Road connecting Bhiwandi, Nandivali, Narthengaon, Panvel and Kharkopar).
An Outer Ring Road connecting Khopoli, Jite and Rewas Port will complete the ring. This apart, there will be eight radials connecting NH-8, parts of NH-3, Bhiwandi Bypass, Nahur, Airoli, Nilaje, Badlapur, Chembur, Mankhurd, Vashi, Taloja, Belapur, Kalamboli, Uran, Pen and New Airport. The corridor will be completed by extending Western Coastal Freeway in the south and north up to Virar.
Success in my Habit
Friday, January 20, 2012
Tuesday, January 17, 2012
Nokia, Tata and LG are most trusted brands in India
NEW DELHI: Nokia, Tata and LG are amongst most trusted brands in India, said a survey Tuesday.
The revelation was made by 'Brand Trust Report 2012' which lists India's 1,000 most trusted brands.
Nokia, Tata and LG were followed by Samsung, Sony, Maruti Suzuki, Bajaj, LIC and Airtel on the list of the most trusted brands.
"The research is conducted with 2,718 'influencer' respondents from 15 cities, generating more than two million data-points from 12,000 hours of research," Trust Research Advisory firm which conducted the survey said in a statement.
The survey also came out with 22 most trusted personalities, whose list anti-corruption crusader Anna Hazare topped, followed by Sachin Tendulkar, Salman Khan, Amitabh Bachchan and Aamir Khan.
Most trusted leaders in specific categories include Armani in branded fashion, DLF in construction, NIIT in education, ONGC in energy, PVR in entertainment, Pepsi in food and beverages (F&B) and Dabur in healthcare.
Other trusted brands included Taj Hotels in hospitality, Google in internet, ACC in manufacturing, Thomas Cook in services, Being Human in social sector, Hewlett Packard in technology, and Air India in airlines.
The revelation was made by 'Brand Trust Report 2012' which lists India's 1,000 most trusted brands.
Nokia, Tata and LG were followed by Samsung, Sony, Maruti Suzuki, Bajaj, LIC and Airtel on the list of the most trusted brands.
"The research is conducted with 2,718 'influencer' respondents from 15 cities, generating more than two million data-points from 12,000 hours of research," Trust Research Advisory firm which conducted the survey said in a statement.
The survey also came out with 22 most trusted personalities, whose list anti-corruption crusader Anna Hazare topped, followed by Sachin Tendulkar, Salman Khan, Amitabh Bachchan and Aamir Khan.
Most trusted leaders in specific categories include Armani in branded fashion, DLF in construction, NIIT in education, ONGC in energy, PVR in entertainment, Pepsi in food and beverages (F&B) and Dabur in healthcare.
Other trusted brands included Taj Hotels in hospitality, Google in internet, ACC in manufacturing, Thomas Cook in services, Being Human in social sector, Hewlett Packard in technology, and Air India in airlines.
Tata Consultancy Services Q3 net up 18.26% at Rs 2,802.77 cr
MUMBAI: The country's largest software services exporter Tata Consultancy Services on Wednesday reported an 18.26 per cent jump in consolidated net profit to Rs 2,802.77 crore for the quarter ended December 31, 2011.
In the year-ago period, the company had recorded a net profit of Rs 2,301 crore, TCS said in a filing to the BSE.
The company's total income stood at Rs 13,203.99 crore in the reporting quarter, as against Rs 9,663.35 crore in the corresponding year-ago period, translating into a growth of 36.63 per cent.
"Our customer-centric approach in the market and execution rigour on the ground enabled TCS to post a strong financial performance in this quarter. Growth has been broad-based, with all markets and all industries contributing substantially," TCS CEO and MD N Chandrasekaran said.
Among mature markets, Europe led the growth in TCS's business, with an 18.1 per cent sequential jump in revenues, followed by the US (13.3 per cent) and UK (9.5 per cent).
Latin America business saw significant expansion, with an 18.6 per cent surge in revenues on a sequential basis, followed by India (14.8 per cent) and the Asia-Pacific region (15.7 per cent).
"We continue to focus on managing our operations optimally in the face of increased external volatility. We have increased our operating margins significantly by taking benefits of the growth, exchange movements and by keeping a strong focus on cost management," TCS CFO S Mahalingam said.
The company added 18,907 (gross) and 11,981 (net) employees during the quarter, taking its total headcount to 2,26,751 employees as of December 31, 2011. The rate of attrition fell to 12.8 per cent during the quarter.
"Attrition continued to fall for the second quarter in a row to 12.8 per cent as TCS remained the employer of choice in a dynamic market. We continue to hire in line with business demand trends," TCS Executive Vice-President and Global HR Head Ajoy Mukherjee said.
Shares of the company, on Tuesday closed with a modest loss, as investors adopted a cautious approach ahead of the company's third quarter results.
The company's shares fell by as much as 1.11 per cent intra-day, but recouped some of the losses and settled 0.28 per cent lower at Rs 1,104.30 a piece on the BSE. On the NSE, TCS settled with a loss of 0.37 per cent at Rs 1,105.25.
Market experts said the fall in the company stock was largely due to profit-booking ahead of the quarterly results.
Besides, some recovery in the rupee also contributed to the decline, as a stronger currency makes exports less competitive, experts said.
In the year-ago period, the company had recorded a net profit of Rs 2,301 crore, TCS said in a filing to the BSE.
The company's total income stood at Rs 13,203.99 crore in the reporting quarter, as against Rs 9,663.35 crore in the corresponding year-ago period, translating into a growth of 36.63 per cent.
"Our customer-centric approach in the market and execution rigour on the ground enabled TCS to post a strong financial performance in this quarter. Growth has been broad-based, with all markets and all industries contributing substantially," TCS CEO and MD N Chandrasekaran said.
Among mature markets, Europe led the growth in TCS's business, with an 18.1 per cent sequential jump in revenues, followed by the US (13.3 per cent) and UK (9.5 per cent).
Latin America business saw significant expansion, with an 18.6 per cent surge in revenues on a sequential basis, followed by India (14.8 per cent) and the Asia-Pacific region (15.7 per cent).
"We continue to focus on managing our operations optimally in the face of increased external volatility. We have increased our operating margins significantly by taking benefits of the growth, exchange movements and by keeping a strong focus on cost management," TCS CFO S Mahalingam said.
The company added 18,907 (gross) and 11,981 (net) employees during the quarter, taking its total headcount to 2,26,751 employees as of December 31, 2011. The rate of attrition fell to 12.8 per cent during the quarter.
"Attrition continued to fall for the second quarter in a row to 12.8 per cent as TCS remained the employer of choice in a dynamic market. We continue to hire in line with business demand trends," TCS Executive Vice-President and Global HR Head Ajoy Mukherjee said.
Shares of the company, on Tuesday closed with a modest loss, as investors adopted a cautious approach ahead of the company's third quarter results.
The company's shares fell by as much as 1.11 per cent intra-day, but recouped some of the losses and settled 0.28 per cent lower at Rs 1,104.30 a piece on the BSE. On the NSE, TCS settled with a loss of 0.37 per cent at Rs 1,105.25.
Market experts said the fall in the company stock was largely due to profit-booking ahead of the quarterly results.
Besides, some recovery in the rupee also contributed to the decline, as a stronger currency makes exports less competitive, experts said.
Delhi govt gives in-principle approval to mono-rail system
NEW DELHI: Commuting through the congested east Delhi may soon become easy with the city government today giving an in-principle approval to a 10.8 km mono-rail system which will be connected to the Metro lines.
The government plans to connect Shastri Park with Laxmi Nagar via Trilokpuri through a mono-rail having 12 stations from where commuters can access the system.
The new system is expected to supplement the existing inter-city transport modes like the Metro. The project is being developed in a way that the new system makes it possible to interchange with three Delhi Metro lines.
The in-principle approval came at a high-level meeting chaired by Delhi Chief Minister Sheila Dikshit and attended by Ministers A K Walia, Arvinder Singh Lovely and Ramakant Goswami, East Delhi MP Sandeep Dikshit, Chief Secretary P K Tripathi and Principal Secretary Chandaramohan.
"East Delhi will become the first in the city to welcome the introduction of another fast, convenient, dependable and pollution free elevated inter-city new mode of transport. In- principle approval was today given in a high-level meeting presided over by Dikshit," a senior official said.
A presentation based on a study conducted by RITES Ltd on mono-rail was given in the meeting. It was also decided to place this issue before the Cabinet to seek its formal approval to this effect, the official said.
Dikshit said it has been decided that a detailed note will be discussed in a Cabinet meeting to give a formal approval.
The mono-rail is expected to attract a daily ridership of around 1.5 lakh and will be able to provide an inter-city transport service in congested localities in East Delhi where the Delhi Metro and even buses are difficult to ply.
The government plans to connect Shastri Park with Laxmi Nagar via Trilokpuri through a mono-rail having 12 stations from where commuters can access the system.
The new system is expected to supplement the existing inter-city transport modes like the Metro. The project is being developed in a way that the new system makes it possible to interchange with three Delhi Metro lines.
The in-principle approval came at a high-level meeting chaired by Delhi Chief Minister Sheila Dikshit and attended by Ministers A K Walia, Arvinder Singh Lovely and Ramakant Goswami, East Delhi MP Sandeep Dikshit, Chief Secretary P K Tripathi and Principal Secretary Chandaramohan.
"East Delhi will become the first in the city to welcome the introduction of another fast, convenient, dependable and pollution free elevated inter-city new mode of transport. In- principle approval was today given in a high-level meeting presided over by Dikshit," a senior official said.
A presentation based on a study conducted by RITES Ltd on mono-rail was given in the meeting. It was also decided to place this issue before the Cabinet to seek its formal approval to this effect, the official said.
Dikshit said it has been decided that a detailed note will be discussed in a Cabinet meeting to give a formal approval.
The mono-rail is expected to attract a daily ridership of around 1.5 lakh and will be able to provide an inter-city transport service in congested localities in East Delhi where the Delhi Metro and even buses are difficult to ply.
Italy disaster could hit cruise industry
MILAN: The spectacular cruise liner accident off the coast of Italy is not just a disaster for the ship's owners, but could inflict wider damage on an industry already facing stiff headwinds.
The Costa Concordia, with more than 4,000 people on board, flipped on its side after hitting a rock on Friday night close to the beautiful island of Giglio, off Italy's west coast.
At least five people died in the accident. The luxury 114,500-tonne ship was operated by Costa Crociere, a unit of Carnival Corporation & Plc, the world's largest cruise company. The stricken vessel was one of the group's main assets in the lucrative European cruise market.
"This is a PR (public relations) nightmare for the Costa brand," said Jaime Katz, equity analyst from investment research company Morningstar in Chicago.
"The question is, when that's been stripped out, whether the Carnival brand will be tarnished."
The accident could hardly have come at a worse time for the group, with the global economic crisis already making potential cruise customers nervous about their jobs and finances.
"I think the important factors are that this adds insult to injury, with struggling economic markets in Europe and all the unrest you've seen in the Middle East," Katz said, noting that the accident came at the peak season for the industry.
"Carnival still books a large portion of their bookings at this time of year. What company, in the middle of the busiest season for their business, wants to be weighed down with that sort of PR?" she asked.
Costa Crociere has been fully owned by Carnival since 2000, when the Miami-based company bought the half it didn't already own. At that time Carnival, which makes about 40 percent of its revenues in Europe, said Costa Crociere would be its primary platform for expanding in this part of the world.
In December Carnival, which accounts for about half of the global cruise line business, lowered its prices for 2012 voyages because of weaker demand in crisis-hit Europe.
The Costa Concordia, with more than 4,000 people on board, flipped on its side after hitting a rock on Friday night close to the beautiful island of Giglio, off Italy's west coast.
At least five people died in the accident. The luxury 114,500-tonne ship was operated by Costa Crociere, a unit of Carnival Corporation & Plc, the world's largest cruise company. The stricken vessel was one of the group's main assets in the lucrative European cruise market.
"This is a PR (public relations) nightmare for the Costa brand," said Jaime Katz, equity analyst from investment research company Morningstar in Chicago.
"The question is, when that's been stripped out, whether the Carnival brand will be tarnished."
The accident could hardly have come at a worse time for the group, with the global economic crisis already making potential cruise customers nervous about their jobs and finances.
"I think the important factors are that this adds insult to injury, with struggling economic markets in Europe and all the unrest you've seen in the Middle East," Katz said, noting that the accident came at the peak season for the industry.
"Carnival still books a large portion of their bookings at this time of year. What company, in the middle of the busiest season for their business, wants to be weighed down with that sort of PR?" she asked.
Costa Crociere has been fully owned by Carnival since 2000, when the Miami-based company bought the half it didn't already own. At that time Carnival, which makes about 40 percent of its revenues in Europe, said Costa Crociere would be its primary platform for expanding in this part of the world.
In December Carnival, which accounts for about half of the global cruise line business, lowered its prices for 2012 voyages because of weaker demand in crisis-hit Europe.
Ports need Rs 2.76 lakh crore for capacity expansion: Shipping Ministry
NEW DELHI: The Shipping Ministry has said ports in the country need an investment of Rs 2.76 lakh crore for capacity expansion and a major chunk of this amount is expected from private players.
Seeking private participation in improving ports infrastructure, Shipping Secretary K Mohandas in a message to investors said, " ... estimated investment for capacity augmentation projects in the major ports (is) Rs 1,09,449.41 crores, a major proportion of which is expected to be funded through private sector participation."
The states have identified projects for development of non-major ports at an estimated cost of Rs 1.67 lakh crore for creation of additional capacity of 1,294 MT, his said adding, "Private sector is envisaged to fund most of the projects through PPP or BOT or BOOT basis."
India has 12 major ports along its 7,517 kms of coastline, six each on the west and east coasts. Around 200 non-major ports transport about 90 per cent by volume and 70 per cent by value India's international trade.
While major ports are under the jurisdiction of the central government, non-major ports are under the control of respective states/ Union territories.
"In order to realise the growth potential and become globally competitive, utmost importance has been given for development of quality infrastructure .... In line with the overall objective of development, the vision of the Ministry of Shipping is to ensure vibrant, efficient and safe ports and shipping services," Mohandas said.
The preferred route for private sector participation is through open competitive bidding, his said, adding that in order to bring in uniformity and transparency in the public-private-partnership process, standardised model concession agreements have been put in place.
The Ministry plans to augment the capacities in all ports to 2.5 billion tonnes by 2016-17 and more than 3 billion tonnes by 2020.
Traffic handled at major ports during 2010-11 was 570.03 million tonnes and at non-major ports it was 314.78 million tonnes.
Seeking private participation in improving ports infrastructure, Shipping Secretary K Mohandas in a message to investors said, " ... estimated investment for capacity augmentation projects in the major ports (is) Rs 1,09,449.41 crores, a major proportion of which is expected to be funded through private sector participation."
The states have identified projects for development of non-major ports at an estimated cost of Rs 1.67 lakh crore for creation of additional capacity of 1,294 MT, his said adding, "Private sector is envisaged to fund most of the projects through PPP or BOT or BOOT basis."
India has 12 major ports along its 7,517 kms of coastline, six each on the west and east coasts. Around 200 non-major ports transport about 90 per cent by volume and 70 per cent by value India's international trade.
While major ports are under the jurisdiction of the central government, non-major ports are under the control of respective states/ Union territories.
"In order to realise the growth potential and become globally competitive, utmost importance has been given for development of quality infrastructure .... In line with the overall objective of development, the vision of the Ministry of Shipping is to ensure vibrant, efficient and safe ports and shipping services," Mohandas said.
The preferred route for private sector participation is through open competitive bidding, his said, adding that in order to bring in uniformity and transparency in the public-private-partnership process, standardised model concession agreements have been put in place.
The Ministry plans to augment the capacities in all ports to 2.5 billion tonnes by 2016-17 and more than 3 billion tonnes by 2020.
Traffic handled at major ports during 2010-11 was 570.03 million tonnes and at non-major ports it was 314.78 million tonnes.
Govt examining proposals for ports in AP, Kerala, K'taka, Guj
NEW DELHI: The government today said it is examining proposals from Andhra Pradesh, Karnataka, Kerala and Gujarat for setting up major ports in these states and has also prepared plans of attracting Rs 2.76 lakh crore investment for augmenting existing port capacity by 2020.
"We have received three proposals from Andhra Pradesh and one each from Karnataka, Kerala and Gujarat for establishing major ports. Teams have been sent to examine the sites and a committee will soon come up with its report," Shipping Secretary K Mohandas told reporters while announcing the India Maritime Week.
Under its Maritime Agenda, unveiled in 2011, the Ministry has proposed setting up of major ports in the East and West coasts and all maritime states were asked to select sites for the same.
Mohandas said ports contributed significantly to the country's growth and the Ministry has made plans that envisages Rs 2.76 lakh crore investment in ports, a major chunk of which is expected from the private sector.
On award of projects under public-private-partnerships (PPP), Mohandas said of the "23 projects in basket this year under the mode, the Ministry is hopeful of awarding about 80 per cent by the fiscal-end."
The agreement for project at JNPT port is likely to be signed soon, while bid for developing terminal at Kandla has been opened and the Ministry is hopeful to award Chennai project this fiscal.
India has 12 major ports along its 7,517 kms of coastline, six each on the west and east coasts. Around 200 non-major ports transport about 90 per cent by volume and 70 per cent by value India's international trade.
The Ministry plans to augment the capacities in all ports to 2.5 billion tonnes by 2016-17 and more than 3 billion tonnes by 2020.
Traffic handled at major ports during 2010-11 was 570.03 million tonnes and at non-major ports it was 314.78 million tonnes.
India Maritime Week which kicked off today is designed to showcase India as a global maritime hub and to assist efforts in evolving a cohesive approach in making India a top maritime nation.
"We have received three proposals from Andhra Pradesh and one each from Karnataka, Kerala and Gujarat for establishing major ports. Teams have been sent to examine the sites and a committee will soon come up with its report," Shipping Secretary K Mohandas told reporters while announcing the India Maritime Week.
Under its Maritime Agenda, unveiled in 2011, the Ministry has proposed setting up of major ports in the East and West coasts and all maritime states were asked to select sites for the same.
Mohandas said ports contributed significantly to the country's growth and the Ministry has made plans that envisages Rs 2.76 lakh crore investment in ports, a major chunk of which is expected from the private sector.
On award of projects under public-private-partnerships (PPP), Mohandas said of the "23 projects in basket this year under the mode, the Ministry is hopeful of awarding about 80 per cent by the fiscal-end."
The agreement for project at JNPT port is likely to be signed soon, while bid for developing terminal at Kandla has been opened and the Ministry is hopeful to award Chennai project this fiscal.
India has 12 major ports along its 7,517 kms of coastline, six each on the west and east coasts. Around 200 non-major ports transport about 90 per cent by volume and 70 per cent by value India's international trade.
The Ministry plans to augment the capacities in all ports to 2.5 billion tonnes by 2016-17 and more than 3 billion tonnes by 2020.
Traffic handled at major ports during 2010-11 was 570.03 million tonnes and at non-major ports it was 314.78 million tonnes.
India Maritime Week which kicked off today is designed to showcase India as a global maritime hub and to assist efforts in evolving a cohesive approach in making India a top maritime nation.
Videocon to withdraw IT/ITES SEZ project in West Bengal
NEW DELHI: A Videocon group firm has approached the Centre to withdraw its IT/ITES SEZ project at Jalpaiguri due to "latest business outlook" in the northern region of West Bengal.
"...Now, the developer has requested for withdrawl of formal approval stating that the company is not able to implement the project owing to the latest business outlook of the region," according to a Commerce Ministry document.
An inter-ministerial Board of Approval (BoA), chaired by Commerce Secretary Rahul Khullar, will consider this request on January 24.
The project was to be implemented by Videocon Realty and Infrastructure Ltd which had been granted a formal approval for setting up 10-hectare Special Economic Zone(SEZ). The preliminary approval was given in May 2009.
Even as Chief Minister Mamata Banerjee recently held a meeting in Kolkata with industrialists, several projects relating to steel and power are stuck in the state for different reasons including certain regulatory and land issues.
Infrastructure major Larsen and Toubro has also approached the Commerce Ministry to surrender its IT/ITeS SEZ which was to come up at Coimbatore in Tamil Nadu, due to "economic unviability" of the project.
"The developer has requested for de-notification of the SEZ...in the changed economic scenario," the agenda papers of the BoA meeting said.
Besides, 11 developers including that of Parsvnath SEZ Ltd and Taneja Aerospace and Aviation Ltd have extension of time for execution of their projects.
However, India's largest software firm, TCS remains bullish on the sector and has sought approval for its new SEZ project at Indore in Madhya Pradesh.
"...Now, the developer has requested for withdrawl of formal approval stating that the company is not able to implement the project owing to the latest business outlook of the region," according to a Commerce Ministry document.
An inter-ministerial Board of Approval (BoA), chaired by Commerce Secretary Rahul Khullar, will consider this request on January 24.
The project was to be implemented by Videocon Realty and Infrastructure Ltd which had been granted a formal approval for setting up 10-hectare Special Economic Zone(SEZ). The preliminary approval was given in May 2009.
Even as Chief Minister Mamata Banerjee recently held a meeting in Kolkata with industrialists, several projects relating to steel and power are stuck in the state for different reasons including certain regulatory and land issues.
Infrastructure major Larsen and Toubro has also approached the Commerce Ministry to surrender its IT/ITeS SEZ which was to come up at Coimbatore in Tamil Nadu, due to "economic unviability" of the project.
"The developer has requested for de-notification of the SEZ...in the changed economic scenario," the agenda papers of the BoA meeting said.
Besides, 11 developers including that of Parsvnath SEZ Ltd and Taneja Aerospace and Aviation Ltd have extension of time for execution of their projects.
However, India's largest software firm, TCS remains bullish on the sector and has sought approval for its new SEZ project at Indore in Madhya Pradesh.
ONGC is in talks with ConocoPhillips to forge Reliance-BP like alliance
NEW DELHI: Statoil State-run Oil & Natural Gas Corp (ONGC) is in talks with US energy major ConocoPhillips to forge Reliance-BP kind of partnership in its exploration blocks including discovered blocks in Krishna-Godavari (KG) and Mahanadi basins.
The company has said in a statement "discussions with ConocoPhillips to explore possibilities of any business partnership are at a very nascent stage. ConocoPhillips is US' third-largest energy company and the fifth-largest refiner in the world.
There is a market speculation that ONGC has offered stakes in 18-19 oil and gas exploration blocks to ConocoPhillips.
ONGC declined to give any detail citing that the company is constrained by the "corporate governance guidelines."
Shares of the company rose 2.05% to Rs 261.75 on Tuesday.
After taking over as chairman & managing director of ONGC, Sudhir Vasudeva had said on Oct 2011 that the company was open to partnership with foreign energy majors for increasing oil and gas output from new discoveries, particularly two discoveries in Mahanadi basin and one in KG basin.
ONGC has been scouting for deepwater experts for its KG basin block since 2010 when foreign partners in the discovered gas fields, Petroleo Brasileiro SA or Petrobras and Norwegian oil major Statoil decided to quit the project. ONGC had farmed out 15% interest in the block to Petrobras and 10% to Norsk Hydro (Statoil) in 2007.
The company has said in a statement "discussions with ConocoPhillips to explore possibilities of any business partnership are at a very nascent stage. ConocoPhillips is US' third-largest energy company and the fifth-largest refiner in the world.
There is a market speculation that ONGC has offered stakes in 18-19 oil and gas exploration blocks to ConocoPhillips.
ONGC declined to give any detail citing that the company is constrained by the "corporate governance guidelines."
Shares of the company rose 2.05% to Rs 261.75 on Tuesday.
After taking over as chairman & managing director of ONGC, Sudhir Vasudeva had said on Oct 2011 that the company was open to partnership with foreign energy majors for increasing oil and gas output from new discoveries, particularly two discoveries in Mahanadi basin and one in KG basin.
ONGC has been scouting for deepwater experts for its KG basin block since 2010 when foreign partners in the discovered gas fields, Petroleo Brasileiro SA or Petrobras and Norwegian oil major Statoil decided to quit the project. ONGC had farmed out 15% interest in the block to Petrobras and 10% to Norsk Hydro (Statoil) in 2007.
Annual milk production in Haryana has reached 62.67 lakh tonnes
Ahmedabad: Chandigarh, January 17 - The annual milk production in Haryana has reached 62.67 lakh tonnes as compared to 52.22 lakh tonnes during 2004-05.
Haryana Animal Husbandry and Dairying department official said that per capita per day availability of milk in the state is 680 gram as compared to national average of 262 grams. A target for doubling the milk in the next 10 years has been fixed.
He said that to provide quality veterinary services, the government had opened 133 government veterinary hospitals and 291 government veterinary dispensaries. These are in addition to up gradation of 120 government veterinary dispensaries .
As a result of it, the total number of veterinary institutions in the state had gone up-to 2790 for providing veterinary and breeding services to the livestock in the state.
The Government had taken many steps for conservation and improvement of indigenous breed of buffaloes and cattle, especially Murrah and Hariana breeds. For the purpose, the owners of top quality Murrah buffaloes were given cash incentives ranging from Rs 5000 to Rs 25000 per milk animal depending upon the milk yield.
He said that Haryana was the only State in the country where the insurance of animals belonging to Scheduled Caste families was being done free of cost. During the period from April, 2005 to December, 2011, 2.27 lakh animals had been insured. In addition to this, 15 districts of the state were being covered under the centrally sponsored livestock insurance scheme.
Haryana Animal Husbandry and Dairying department official said that per capita per day availability of milk in the state is 680 gram as compared to national average of 262 grams. A target for doubling the milk in the next 10 years has been fixed.
He said that to provide quality veterinary services, the government had opened 133 government veterinary hospitals and 291 government veterinary dispensaries. These are in addition to up gradation of 120 government veterinary dispensaries .
As a result of it, the total number of veterinary institutions in the state had gone up-to 2790 for providing veterinary and breeding services to the livestock in the state.
The Government had taken many steps for conservation and improvement of indigenous breed of buffaloes and cattle, especially Murrah and Hariana breeds. For the purpose, the owners of top quality Murrah buffaloes were given cash incentives ranging from Rs 5000 to Rs 25000 per milk animal depending upon the milk yield.
He said that Haryana was the only State in the country where the insurance of animals belonging to Scheduled Caste families was being done free of cost. During the period from April, 2005 to December, 2011, 2.27 lakh animals had been insured. In addition to this, 15 districts of the state were being covered under the centrally sponsored livestock insurance scheme.
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