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Business Economy

Construction work for world's largest LPG pipeline connecting Gujarat to UP to start in 8 to 10 months

Ahmedabad, Aug 13 (UNI) The construction work for the world's longest LPG pipeline to connect Kandla port in Gujarat to Gorakhpur in Uttar Pradesh covering a distance of 2757km across three states including Madhya Pradesh would start in 8 to 10 months, a highly placed source in the IndianOil which hold 50% stake in the Rs 10,000 crore joint venture project with two other oil and gas PSUs BPCL and HPCL, said on Tuesday.
"The first bid meeting for the same had taken place in the last week of July and after completion of other formalities and processes, the construction work for the pipeline that would supply LPG to the 22 bottling plants directly from the import terminal in Kandala, Indian Oil refinery in Koyali and BPCL refinery in Bina, would start in 8 to 10 months. The Joint Venture for the purpose (BPCL and HPCL having 25% stake each) was formed in June this year,' the source told UNI.

"Once the work starts, the deadline for completion was 36 months. The pipeline in addition to having direct links to 3 bottling plants in Gujarat, 6 in MP and 13 in UP, will also supply gas to 21 other bottling plants in Gujarat, Rajasthan, Madhya Pradesh, Maharashtra and Uttar Pradesh through road-bridging," he said.

He said that the this pipeline alone could supply 8.25 million tonnes of LPG per year, which amounts to about 25 per cent of the country's current LPG demand.
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Airtel, Google Cloud Partner to boost digital transformation in India

Airtel, Google Cloud Partner to boost digital transformation in India

20 Jan 2020 | 10:57 PM

Hyderabad, Jan 20 (UNI) Bharti Airtel (“Airtel”), India’s largest integrated telecommunications services provider, and Google Cloud, on Monday announced a partnership to serve the evolving needs of millions of Indian businesses in a rapidly digitizing economy.

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Hyderabad ranked number two metro for millennial credit demand : CASHe report

20 Jan 2020 | 10:31 PM

Hyderabad, Jan 20 (UNI) Hyderabad soars ahead in terms of millennial credit demand compared to last year, ranking second after Bengaluru, followed by others metros such as New Delhi, Pune, Mumbai, Chennai, Jaipur and Ahmedabad, said CASHe, India’s leading digital lending company for young salaried professionals, in its 2019 report on the millennials key borrowing and spending habits, release on Monday.

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G7CR Technologies joins Microsoft to give start-up a big boost in India

20 Jan 2020 | 9:21 PM

New Delhi, Jan 20 (UNI) A booster dose to the start-up ecosystem in India, G7CR Technologies, a leading global information technology and cloud services company, on Monday announced the launch of the SSB 360 program in partnership with Microsoft. The initiative will provide for start-ups and small businesses benefits of up to $3 million and strategic association.

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Paytm launches All-in-One QR in AP, Telangana ; eyes at 2X business growth within a year in 2 states

20 Jan 2020 | 9:03 PM

Hyderabad, Jan 20 (UNI) India’s largest payments platform Paytm, owned by One97 Communications Limited, on Monday launched All-in-One QR in Andhra Pradesh and Telangana to enable merchants accept unlimited payments through Paytm Wallet, rupay cards and all UPI based payment apps directly into their banks accounts at zero per cent fee.

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Paytm eyes to grow its merchants base to 25 million in year 2020

20 Jan 2020 | 7:56 PM

Chandigarh, Jan 20 (UNI) India's largest payments gateway Paytm has set target to add ten million more merchants to take its merchant base to 25 million during the current year under its All-in-One QR across the country.

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