Pipeline

Bengaluru water board to deploy AI-powered robotic solution to plug pipeline leakages, floats tender

Bangalore Water Supply and Sewerage Board (BWSSB) will deploy AI-powered miniature robots to patrol water pipes, detect leaks, and carry out repairs.

Private capex to pick up, Rs 5 lakh-cr corporate loans in pipeline, says SBI's Dinesh Khara

State Bank of India chairman Dinesh Kumar Khara said there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crore are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for credit to fund working capital requirements and capacity expansion, he told PTI in an interview.

Novartis to buy Chinook for up to $3.5 billion in boost to late-stage pipeline

The transaction, in the form of a merger of a newly formed Novartis subsidiary and Chinook, is expected to close in the second half of 2023, the Swiss drugmaker said in a statement.

As Iran talks subsea pipeline again, analysts see major challenges

Analysts list past failed attempts, huge costs, security and geopolitical concerns as major challenges to the plan

New unified natural gas pipeline tariff neutral for owners, a mixed bag for distributors

Some gas distributors have indicated that they will pass on any increase in costs to their consumers.

Govt has pipeline of 44 port projects worth Rs 22,900 crore till 2024-25: Sarbananda Sonowal

Moreover, the government is working on the guidelines for dealing with stressed public-private partnership (PPP) projects at major ports and has also come up with policies to support the shipbuilding industry in India, Sarbananda Sonowal said.

Oil prices slide after Druzhba crude pipeline resumes flows

Brent Crude futures fell $1.88, or 2%, to $91.98 a barrel by 1418 GMT, and U.S. West Texas Intermediate (WTI) crude futures slid $2.29, or 2.6%, to $84.63 a barrel.

Nord Stream 1 operator sends ship to survey pipeline damage

Undersea explosions late last month ruptured Nord Stream 1, which until Russia cut off supplies at the end of August was its main supply route to Germany.

Gas crisis in Europe | Lights go off in Europe after Russia cuts supply

Europe is facing a deepening energy crisis as it prepares for a cold winter. Gas prices have reached record highs, and supplies are running low. With Russia, one of the leading exporters of natural gas for the European nations, cutting off a majority of its supply, is Europe heading for a ‘Dark’ Winter?

KPTL, its arms secure orders worth Rs 1,345 crore

These include orders from India and overseas market in the T&D business.

EXCLUSIVE | Budget 2022 likely to set target for asset monetisation

The Centre is said to be finalising an asset monetisation target for FY23. A senior government official said it could be over Rs 1 lakh crore

EXCLUSIVE | Bifurcation of state-owned GAIL put on hold

The government's plan was to unbundle GAIL into two companies for gas transmission and marketing business and the state-run company had entrusted Ernst &Young as a consultant for this.

Cabinet to consider splitting GAIL; pipeline business not to be sold before 2022

GAIL is India's biggest natural gas marketing and trading firm and owns more than two-thirds of the country's 16,234-km pipeline network, giving it a stranglehold on the market.

IL&FS Engineering bags Rs 123 cr orders from GAIL

"IL&FS Engineering and Construction Company has received Fax of Acceptance (FOA) from Gas Authority Ltd for two pipeline laying contracts worth Rs 123.05 crore in Kerala/Karnataka," the company said in a BSE filing.

IL&FS Engg up 7%, wins pipeline laying contracts worth Rs 123cr

The company has received fax of acceptance (FOA) from Gas Authority of India for two pipeline laying contracts worth Rs 123.05 crore in Kerala/Karnataka.

US will build its own pipeline and pipes: Donald Trump

Given that Indian companies have been one of the major suppliers of steel pipes, this could have an impact on export of Indian steels to the US.

HPCL to restart crude unit at Vizag refinery in 2-3 days: Chief

HPCL had shut the crude unit at 166,000 bpd southern Indian plant last Friday following a minor fire in its crude unit due to a pipeline leak, the company spokesman said on Saturday.

Deal pipeline in FY18 to touch $4-5 bn: Kotak Invst Banking

At a time when many sectors are in distress due to the demonetisation drive it is important to assess the deal environment. V Jayshankar of Kotak Investment Banking says, primary market pipeline has been strong and there will be pick-up from February onwards. Also, M&A pipeline continues to be strong.