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  • Supreme Court Coal Verdict to Have Serious Ramifications for Energy Sector: Icra

    Supreme Court Coal Verdict to Have Serious Ramifications for Energy Sector: Icra

    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.

  • JSW Energy to Buy 3 Plants From Jaiprakash Power

    JSW Energy to Buy 3 Plants From Jaiprakash Power

    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.

  • Price Performance of Energy Stocks Other Stories
  • Government Defers Gas Price Hike Decision

    Government Defers Gas Price Hike Decision

    Law Minister Ravi Shankar Prasad declined to give a reason for the delay but said "there is life beyond gas pricing".

  • Iran Puts ONGC Discovered Gas Field on Auction List

    Iran Puts ONGC Discovered Gas Field on Auction List

    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.

  • Numaligarh Refinery Declares 16% Dividend, Profit Increases by 3-Fold

    Numaligarh Refinery Declares 16% Dividend, Profit Increases by 3-Fold

    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.

  • Delay in Gas Price Hike Frustrating, Says BP

    Delay in Gas Price Hike Frustrating, Says BP

    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.

  • Jaypee-RPower Exclusivity Pact Likely to be Extended

    Jaypee-RPower Exclusivity Pact Likely to be Extended

    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.

  • Coal India Rushes to Supply Power Plants with Low Stocks: Report

    Coal India Rushes to Supply Power Plants with Low Stocks: Report

    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.

  • Coal India to Reduce Selling Fuel via E-Auctions

    Coal India to Reduce Selling Fuel via E-Auctions

    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.

  • Energy Producers Want Credible Gas Pricing Policy

    Energy Producers Want Credible Gas Pricing Policy

    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.

  • Coal Ministry Seeks Comments from Ministries on CIL Pay Issue: Report

    Coal Ministry Seeks Comments from Ministries on CIL Pay Issue: Report

    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.

  • Mumbai Hit by Power Cuts After Technical Glitch at Tata Power Unit

    Mumbai Hit by Power Cuts After Technical Glitch at Tata Power Unit

    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.

  • Power Cuts a 'Threat' to India Story: Anand Mahindra

    Power Cuts a 'Threat' to India Story: Anand Mahindra

    Disturbed over power cuts across Mumbai, Mahindra Group chairman Anand Mahindra said on Tuesday that this could be "a threat to the India story".

  • Government Urges Court Not to Cancel 'Illegal' Coal Mines

    Government Urges Court Not to Cancel 'Illegal' Coal Mines

    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.

  • Diesel Prices May Come Down Soon

    Diesel Prices May Come Down Soon

    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.

  • Coal Ministry May Revisit Policy on Tapering Linkages: Report

    Coal Ministry May Revisit Policy on Tapering Linkages: Report

    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.

  • Haryana Government Warns of Legal Action Against Adani Power

    Haryana Government Warns of Legal Action Against Adani Power

    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.

  • Tata Power, Adani Shut Some Units at Mundra: Report

    Tata Power, Adani Shut Some Units at Mundra: Report

    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.

  • NTPC Expects Coal Import to Jump 63 Per Cent in FY15

    NTPC Expects Coal Import to Jump 63 Per Cent in FY15

    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.

  • Cabinet Defers Decision on ONGC, Coal India, NHPC Stake Sale

    Cabinet Defers Decision on ONGC, Coal India, NHPC Stake Sale

    ONGC is India's largest oil and gas exploration company.

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