September 27, 2014 18:10 (IST)
The Supreme Court's verdict to cancel all but four coal mines allocated since 1993 will have a serious ramification for the energy and steel sectors hitting their bottomlines and fines imposed alone could amount up to Rs 7,300 crore, rating agencies have said.
September 25, 2014 20:27 (IST)
JSW Energy Ltd on Thursday said it had agreed to buy three operating power plants from Jaiprakash Power Ventures Ltd, as it looks to expand its portfolio beyond coal and lignite-based plants.
September 24, 2014 20:35 (IST)
Law Minister Ravi Shankar Prasad declined to give a reason for the delay but said "there is life beyond gas pricing".
New Delhi | September 24, 2014 16:21 (IST)
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, had in 2008 discovered the Farzad-B gas field in its Farsi exploration block in the Persian Gulf.
Guwahati | September 12, 2014 19:20 (IST)
NRL achieved a sales turnover of Rs 9,872 crore recording a growth of 13 per cent while the net profit increased by 157 per cent to Rs 371 crore.
New Delhi | September 11, 2014 20:28 (IST)
BP, whose $7.2 billion investment in 2011 is the largest foreign investment in the energy sector in India, has lined up projects that will reverse the sinking natural gas production from eastern offshore KG-D6 fields. The investment, however, is unviable at current $4.2 per mmBtu gas rate.
New Delhi | September 05, 2014 15:18 (IST)
In one of the biggest deals in the power space, Anil Ambani Group firm Reliance Power in July announced that it had signed an initial agreement to acquire all the three hydroelectric power plants of Jaiprakash Associates Ltd. The deal would be worth about Rs 12,000 crore.
September 04, 2014 17:04 (IST)
The move is part of emergency measures taken by the state giant to prevent a shutdown of nearly one third of India's thermal power plants that have coal stocks of less than four days - a situation last seen in one of the worst blackouts in 2012.
September 03, 2014 23:41 (IST)
Amid acute shortage of coal for the power sector, Coal India Limited has accepted the government's request for drastically reducing its e-auctions to almost half.
September 03, 2014 19:44 (IST)
The Production Sharing Contracts (PSC) government entered into firm like RIL for exploration and production provides for marketing freedom to contractors for sale of gas within India at arm's length to the benefit of all the parties to the contract.
New Delhi | September 03, 2014 15:40 (IST)
The government had earlier floated draft note to seek the approval of the Cabinet for permitting loss and the marginally profit-making subsidiaries of CIL to adopt 2007 pay revision as an exception to the prescribed affordability clause and payment of performance related pay to the executives of all subsidiaries of CIL.
September 02, 2014 16:36 (IST)
Power cuts hit large areas of Mumbai on Tuesday following a technical glitch at an electricity generation unit, but back-up generators at banks and brokerages ensured that financial business was largely unaffected.
September 02, 2014 15:55 (IST)
Disturbed over power cuts across Mumbai, Mahindra Group chairman Anand Mahindra said on Tuesday that this could be "a threat to the India story".
September 01, 2014 15:54 (IST)
The suggestion by Attorney General Mukul Rohatgi sent shares of some of the big companies that hold coal blocks sharply higher on speculation this could lead to the court avoiding a wholesale cancellation of blocks as feared earlier.
September 01, 2014 13:39 (IST)
Diesel currently costs Rs 58.97 per litre in Delhi and Rs 67.26 per litre in Mumbai. In Kolkata it is priced at Rs 63.81 per litre and Chennai charges Rs 62.92.
August 31, 2014 14:30 (IST)
The Coal Ministry is likely to revisit the policy on tapering linkages which may be done after the apex court gives its judgement on the coal mines issue.
August 29, 2014 18:55 (IST)
Miffed at snapping power supply "unilaterally", the Haryana government on Friday warned of legal action against Adani Power Limited (APL) by charging it with the "breaching terms" of power purchase contract.
August 27, 2014 22:39 (IST)
Some parts of the country might face significant electricity shortages with about 7,000 MW generation capacity getting impacted due to many power plants, including Mundra projects of the Adanis and the Tatas, shutting down some of their units.
August 27, 2014 21:21 (IST)
NTPC Ltd, India's largest power producer, will import about two-thirds more coal this fiscal year, its chairman said, as it looks to meet the country's growing power needs amid an acute shortage of coal in a sector hamstrung by scandals.
August 27, 2014 19:31 (IST)
ONGC is India's largest oil and gas exploration company.