New Delhi | December 18, 2013 18:08 (IST)
The U.S. State Department extended a six-month Iranian sanctions' waiver at the end of November to China, India, South Korea and other countries as a reward for them reducing purchases of Iranian crude oil earlier this year.
New Delhi | December 18, 2013 16:30 (IST)
However, a distinction has now been made in the gas produced from fields given to ONGC on nomination basis. Any gas that came into production after 2010 is being treated differently than APM gas for which the government decides the price as well as marketing margin.
New Delhi | December 17, 2013 15:04 (IST)
Taking ahead its drive against companies sitting idle on mines, the Coal Ministry has slapped show cause notices on six companies, including Essar Power and Rungta Mines, for delays in developing the blocks.
New Delhi | December 16, 2013 22:03 (IST)
Coal India on Monday hiked prices of non-coking coal produced by subsidiary Western Coalfields by 10 per cent, which would earn it Rs 140 crore in additional revenue this year.
New Delhi | December 12, 2013 22:44 (IST)
In a significant development, the Oil Ministry has given freedom to firms - including Reliance Industries and GAIL India - to fix the marketing margin they want to charge on sale of natural gas to consumers other than urea manufacturing units and LPG plants.
New Delhi | December 11, 2013 19:43 (IST)
The Finance Ministry has in-principle agreed to a proposal to allow Reliance Industries to raise gas prices from April provided it gives a bank guarantee to cover for liability in case gas hoarding charges are proved.
New Delhi | December 10, 2013 19:25 (IST)
Last month six world powers and Tehran reached an interim deal that provided limited relief to Iran from economic sanctions, opening the way for some oil payments to resume.
Mumbai | December 09, 2013 16:19 (IST)
Power generation and transmission firm Alstom T&D has bagged two contracts worth Rs 151 crore from Gujarat Energy Transmission Company.
New Delhi | December 08, 2013 20:22 (IST)
Pursuing its overseas expansion strategy, Coal India Ltd (CIL) is actively looking at as many as five proposals for acquisition of mines in Indonesia, according to Coal Ministry sources.
New Delhi | December 08, 2013 19:39 (IST)
The Law Ministry and the Planning Commission have backed a proposal by the Oil Ministry to allow Reliance Industries Ltd (RIL) to almost double the price of gas from April in return for a $90 million bank guarantee every quarter, according to an Oil Ministry official.
Mumbai | December 08, 2013 15:51 (IST)
Structural improvements and financial discipline are far more crucial for improving the health of distribution companies than depending on tariff hikes, rating agency Care Rating has said.
Hyderabad | December 05, 2013 14:59 (IST)
Cairn had earlier confirmed that in its onshore KG-ONN-2003/1 block, post three successful fracs, the productivity of one of the appraisal wells, Nagayalanka-1z-ST has increased three-fold and that has significantly improved the commerciality of the discovery.
New Delhi | December 04, 2013 14:31 (IST)
Tata Power, India's largest private power producer, has said an order by the Central Electricity Regulatory Commission (CERC) for granting compensatory tariff for the company's Mundra project is likely to come up by the end of this month.
Bhubaneswar/New Delhi | December 03, 2013 19:42 (IST)
Coal India Ltd said it would resume full production on Wednesday from a major coal field that was closed on Friday due to a labour protest, cutting off a supply of about 200,000 tonnes a day to power producers and others.
Kolkata | December 02, 2013 20:59 (IST)
Power Grid has said it expects to complete its project to connect the southern grid with national network by January, 2014.
New Delhi | December 02, 2013 19:37 (IST)
The Comptroller and Auditor General (CAG) in a September 2011 report on the working of PSCs that government had signed with companies like Reliance Industries, castigated the Oil Ministry for poor administration and not monitoring spending by companies.
Mumbai | December 02, 2013 18:43 (IST)
Power Grid Corporation of India Ltd (PGCIL), which expects to raise Rs 7,083 crore through a follow-on public offer, plans to utilise the proceeds partly to fund its 27 transmission line projects worth over Rs 48,354 crore.
New Delhi | December 01, 2013 16:58 (IST)
Coal Minister Sriprakash Jaiswal has asked state-owned Coal India Ltd (CIL) to ensure that it meets production target for the current fiscal year (FY14), according to a a ministry official.
Bhubaneswar | November 29, 2013 19:18 (IST)
Workers angered at losing their jobs shut a major coal field of Coal India Ltd on Friday, leading to the loss of 200,000 tonnes per day of output and causing alarm among power producers already facing tight supply, the company said.
New Delhi | November 27, 2013 13:59 (IST)
The Union Cabinet had in June decided to price all domestically produced natural gas at an average of the price prevailing at international gas trading hubs and the actual cost of importing liquid gas (LNG).