SCI Mumbai vessel (Shipping Corporation of India)
In a boost for the government s disinvestment push, three bidders have been finalised for the sale of its 63.75 per cent stake in Shipping Corporation of India (SCI), reports
Economic Times.
The three bidders finalised for the next round of the disinvestment procedure are United States (US) based Safesea, Hyderabad based Megha Engineering and Infrastructure, and a consortium led by non-resident Indian businessman Ravi Mehrotra. All three have met the technical and financial criteria and have also received the security clearance.
Now, the shortlisted bidders will be issued a request for proposal. They will be signing a confidentiality undertaking following which they will be permitted to carry out due diligence on the shipowner as per the conditions laid out in a preliminary memorandum which was issued by the Government on 22 December.
960 mega watt Polavaram hydel power plant works gain steam
The contracting agency and authorities have targeted to complete all the foundation works of the power project by May 31, according to the plan.
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| A+A A- By Express News Service
VIJAYAWADA: With AP Power Generation Company (APGENCO) Ltd issuing the letter of award (LoA) for the execution of Polavaram hydroelectric power plant to Megha Engineering and Infrastructures Ltd (MEIL) a few weeks ago, the authorities have chalked out a strategy to complete the works of the 960-mega watt (MW) hydel power station in time. The contracting agency and authorities have targeted to complete all the foundation works of the power project by May 31, according to the plan.
Polavaram Project Authority (PPA) monitored by the CWC itself
They lack the minimum understanding that to increase project estimates the government has to seek approval from the Central Water Commission (CWC) and the construction of the project is undergoing under the keen supervision of Polavaram Project Authority (PPA) monitored by the CWC itself.
Any amends or changes have to be approved by the central authority and the State government has only a supervisory role to play in the construction of the project.
Being a project that deals with massive flood discharges, all the designs of the project are monitored by the watchful eye of CWC. It is a known fact that two consecutive floods in the past two years have damaged parts of the project. The diaphragm wall, upper Cofferdam and several earthen bunds were damaged due to the floods. The situation was further complicated with the then government undertaking mitigation works that are against the principles of engineering.
Hyderabad (Telangana) [India], April 22 (ANI/PRNewswire): The hydrocarbon division of Hyderabad based infrastructure major, Megha Engineering and Infrastructures Limited (MEIL) - is expanding the city gas distribution network in Telangana districts and planning to commission the supply in all districts by the end of this year.
It has already begun operations in the Nalgonda, Suryapet, and Yadadri Bhuvanagiri districts this month (April 2021). MEIL got the Petroleum and Natural Gas Regulatory Board (PNGRB) approvals to distribute natural gas (PNG and CNG) in 16 districts in AP, Telangana, and Karnataka.
MEIL has established a network for the distribution of natural gas, under the brand name Megha Gas , to domestic, commercial, industrial and automobile sectors. Megha Gas began its operations in Krishna district in Andhra Pradesh and Tumkur and Belgaum districts in Karnataka two years ago.
MEIL s Megha Gas Expansion To Ease Burden Of Middle-Class Domestic Consumers sakshi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sakshi.com Daily Mail and Mail on Sunday newspapers.