april 9, 1995
The joint venture project of IPCL with Gujarat State Fertilizer Corporation and other State-run companies to build a Rs. 550-crore dedicated chemical port terminal at Dahej, near its Gandhar petrochemicals complex in South Gujarat, has failed to get the mandatory clearance from the Environment Ministry. Top sources in the Ministry said the Environment Impact Committee, which examined the plans, found it violated coastal reservation zone limits.
Kerala not for splitting southern power grid
Kerala is not in favour of the splitting of the southern power grid into two as suggested by Tamil Nadu. Reacting to the suggestion made by the Tamil Nadu Electricity Minister in the State Assembly recently, top officials in the Kerala'State Electricity Board (KSEB) told Business Line that the move would further weaken the already delicately placed supply conditions in the region.
OIL may opt for Chinese technology
Oil India Ltd (OIL) has embarked upon a plan to expand its exploration activities at an estimated cost of Rs. 200 crores for the year 1995-96. The Plan outlay for this year has increased the expenditure to be incurred by OIL to Rs. 610 crores as against the total Plan outlay of Rs. 424 crores during the previous year. The revised Plan outlay, however, dropped to Rs. 395 crores for the same year. The expansion plan, by and large, involves digging of extra wells in the Saurashtra region and in the Bhubaneshwar, Mahanadi region. Apart from exploration activities, the company also proposes to take up development of its gas field in the Rajasthan. OIL had carried out the initial survey in the region and is expected to trace reserves fit enough for commercial exploration, company officials feel.