July 24, 2014 13:07 (IST)
Jaiprakash Power Ventures in a filing to Bombay Stock Exchange said that TAQA India Power Ventures has withdrawn from acquisition agreement dated March 1, 2014 to acquire its power assets of Karcham & Baspa Hydro Power Projects in Himachal Pradesh.
July 21, 2014 18:13 (IST)
Amid fuel shortages, power producers have been advised to import 54 million tonnes (MT) of coal in the current fiscal year, the government said on Monday.
July 20, 2014 13:50 (IST)
Pushing ahead with its expansion plans, Tata Power is scouting for investment opportunities in select overseas geographies and eyeing assets available for acquisition due to financial stress in the power sector.
July 18, 2014 16:29 (IST)
The latest estimate for Reliance's quarterly operating profit stands at Rs 7720 crore from Motilal Oswal Securities, StarMine data adds.
July 17, 2014 20:45 (IST)
Volatility in international coal prices and exchange rates are a potential risk, it added.
July 17, 2014 19:00 (IST)
The Supreme Court earlier in April appointed Michael Hudson McHugh, former Judge of the High Court of Australia to head the board of arbitrators to solve the dispute.
July 17, 2014 15:37 (IST)
Arkansas-based Murphy, which has interests in oil and gas fields in Malaysia, Vietnam, Indonesia, Brunei and Australia, has invited bids for a 30 per cent stake in its Malaysian assets, Reuters previously reported.
New Delhi | July 17, 2014 13:32 (IST)
The government asks upstream firms like ONGC to make good a part of losses retailers make on selling diesel and cooking fuel below cost. The share of upstream firms has been steadily rising over the past years.
New Delhi | July 14, 2014 20:20 (IST)
The government has disallowed Reliance Industries Ltd (RIL) from recovering $2.376 billion (Rs 14,256 crore at 1 dollar = 60 rupees) invested to develop offshore gas fields in the D6 block on the country's east coast as output has fallen drastically and is way below the promised volumes, Oil Minister Dharmendra Pradhan said on Monday.
July 14, 2014 17:44 (IST)
The Central Electricity Regulatory Commission in its order said: "The 2014 tariff regulations provide for reimbursement of the actual cost of generation of power by the companies, including NTPC, in addition to reasonable return on equity of 15.50 per cent per annum."
New Delhi | July 11, 2014 18:21 (IST)
Coal India Ltd started production on Friday at a 12-million-tonnes-per-year mine, its first major new project in at least five years, which should help boost supplies to fuel-starved power plants.
July 10, 2014 22:33 (IST)
Calling it a 'high priority' area, Finance Minister Arun Jaitley on Thursday allocated Rs 1,000 crore for the solar power sector, a move that will boost energy generation from renewable sources.
New Delhi | July 10, 2014 17:29 (IST)
Adequate coal will be provided to power plants as extensive measures to augment domestic output and a strict mechanism to control the fuel quality are being put in place to end the impasse in the sector, the government has said.
New Delhi | July 10, 2014 15:20 (IST)
Aiming to replicate Gujarat's model of 24x7 power supply by segregating infrastructure for agriculture and non-agriculture consumers, the government on Thursday announced support of Rs 500 crore for the proposed scheme.
New Delhi | July 08, 2014 18:47 (IST)
RIL and its partners say they are entitled to recover all costs of the block in the Bay of Bengal under their production-sharing contract with the government.
New Delhi | July 08, 2014 17:04 (IST)
Nearly half of India's coal-fired power plants have only enough stocks to last a week or less, a shortage that could become critical and drive up thermal coal imports by 14 per cent as weak monsoon rains are expected to cut output from hydropower.
July 07, 2014 20:13 (IST)
In April-June, Coal India supplied 88.66 million tonnes to power companies against a target of 101.61 million. Coal shipments rose as a result.
New Delhi | July 07, 2014 18:47 (IST)
Fair trade watchdog the Competition Commission of India (CCI) has imposed a penalty of more than Rs 25 crore on Adani Gas for violating competition norms by abusing its dominant market position.
New Delhi | July 06, 2014 13:33 (IST)
Reliance Industries and its partners BP Plc and Niko Resources have slapped an arbitration notice on the government seeking implementation of a delayed gas price rise.
New Delhi | July 04, 2014 17:43 (IST)
Oil India Ltd, the nation's second largest explorer, said on Friday it has completed acquisition of 50 per cent stake in an oil block in Russia for $85 million.