Mumbai | May 23, 2013 13:51 (IST)
The decision, taken on Wednesday, has not yet been formally intimated by the Finance Ministry, but the current tranche will enable the companies to report quarterly profits at their earnings next week, officials at the three companies, who declined to be named, said.
Singapore | May 22, 2013 15:26 (IST)
BPCL has not imported gasoline in at least a year, traders said on Wednesday, while this is IOC's first import tender this year.
New Delhi | May 21, 2013 15:40 (IST)
The Director General, the investigation arm of the Competition Commission of India (CCI), is probing the issue.
New Delhi | May 19, 2013 19:34 (IST)
A lingering row between CIL and power producers, such as NTPC, is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues like Rs 9,000-crore dues owed by electricity utilities are resolved.
May 16, 2013 23:04 (IST)
Vedanta group firm Cairn India will invest $3 billion (over 16,000 crore) in the next three years to expand its oil and gas production in the country, a top company official said today.
May 15, 2013 16:22 (IST)
Haryana is home to the business hub of Gurgaon, where companies rely on costly generators to avoid major and frequent blackouts. Microsoft Corp , Google Inc and agribusiness giant Cargill Inc are some of the multinational firms based there.
New Delhi | May 14, 2013 15:05 (IST)
The turbines are scheduled to be delivered next year and the projects are located in Northern Schleswig-Holstein near the Danish border.
New Delhi | May 10, 2013 23:15 (IST)
Tata Power said on Friday that it has signed an agreement worth $700 million with Clean Energy Invest AS (Clean Energy) and IFC InfraVentures(IFC) for developing hydro projects in Georgia for sale of power primarily to Turkey.
Calgary, Alberta | May 10, 2013 07:50 (IST)
India-based H-Energy has signed an option agreement with the Canadian province of Nova Scotia, to look at putting up an natural gas liquefaction facility and export terminal in the province, a director of the company, said on Thursday.
New Delhi | May 09, 2013 16:06 (IST)
While RIL-BP have planned various activities including work-overs, side tracks and compressor addition to maximise recovery from the existing wells, new production would be added in 4-5 years using existing infrastructure, he said.
New Delhi, India | April 30, 2013 16:08 (IST)
Gujarat State Petroleum Corp plans to commission a 5-million-tonne-a-year LNG terminal at Mundra in the western Indian state by 2016. It holds a 50 per cent stake in the project, while Adani group has 25 per cent.
April 28, 2013 13:55 (IST)
Oil regulator DGH wants Reliance Industries to give up 86 per cent of its KG-D6 gas block area, including 8 gas discoveries worth at least $5 billion, saying that the firm has overshot the time allotted to it for developing the area.
Reported By: Aastha Maheshwari | Mumbai | April 25, 2013 14:55 (IST)
The income tax department has charged Shell India of underpricing a share transfer within the group by Rs 15,220 crore, and consequently evading taxes.
New Delhi | April 25, 2013 12:11 (IST)
India has been scouting for oil and gas assets abroad to meet rising local demand. Booming shale gas production following advances in drilling technology has put the United States in a position to be a net exporter.
April 23, 2013 23:44 (IST)
Electricity rates in the national capital are likely to go up soon with Union Power Ministry turning down a request by Delhi Government to provide cheaper power to the city, while private discoms are pushing for a steep hike in tariff due to increasing operational cost.
April 23, 2013 20:22 (IST)
Liberalising investment norms for the oil and gas sector, RBI today allowed state run ONGC Videsh (OVL) and Oil India (OIL) to invest in their incorporated overseas entities for exploration and drilling of oil and natural gas.
Reported By: Raj Kumar Sahu | New Delhi | April 22, 2013 21:16 (IST)
The Cabinet Committee of Economic Affairs (CCEA) and the Cabinet Committee on Investment (CCI) cleared a plethora of power sector projects worth Rs 33,000 crore today.
Reported By: Raj Kumar Sahu | New Delhi | April 22, 2013 19:10 (IST)
The Cabinet Committee on Investment (CCI) eased the conditions imposed by the Ministry of Defence (MoD) in 31 oil and gas blocks. Out of the 31 blocks cleared, 13 blocks belong to Reliance Industries-BP (RIL-BP), 15 blocks are of government-owned Oil and Natural Gas Corp (ONGC). The remaining 3 blocks belong to Australian firm Santos Cairn India.
New Delhi | April 22, 2013 17:11 (IST)
Videocon Hydrocarbon Holdings, a wholly owned subsidiary of Videocon Industries, and Bharat PetroResources Ltd, a unit of BPCL, said a new discovery has made in the offshore Area 1 of the Rovuma basin, the two firms said in almost identical but separate statements.
New Delhi | April 22, 2013 14:43 (IST)
State-run Coal India (CIL) has made changes with regard to certain provisions of model fuel supply agreement (FSA) applicable to new power plants, amid Coal India and NTPC at loggerheads over coal quality issue.