December 16, 2014 20:02 (IST)
The auction of 74 coal blocks is likely to witness an intense competition among bidding companies and the exercise may push up the fuel price for power sector, rating agency Icra said on Tuesday.
December 13, 2014 11:45 (IST)
Rating agency Fitch on Friday retained its stable outlook on India's power sector in 2015 but warned producers and grid operators will continue to face challenges by way of high capex levels and fuel shortages leading to negative free cash flow in the medium term.
November 30, 2014 19:09 (IST)
Tata Power may cut dependence on Indonesian coal and explore other geographies to source the fuel for expansion of its 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat.
November 26, 2014 23:58 (IST)
The government on Wednesday finalised details of a package to rescue 16,000 MW of gas-based power plants lying stranded as it looks to increase supplies by raising generation without burdening consumers.
November 26, 2014 23:42 (IST)
The Central Electricity Regulatory Commission (CERC) has approved the tariff petition of Tata Power for its 1,050-MW Maithon Power project in Jharkhand, the company said on Wednesday.
November 23, 2014 15:09 (IST)
State-run Coal India's labour unions have called off a strike planned for Monday in protest against a stake sale and opening up of the industry, setting the stage for Prime Minister Narendra Modi to press ahead with energy reforms.
November 23, 2014 11:53 (IST)
The government is taking steps to ensure hassle-free transportation of coal from remote mines, apart from increasing its production capacity, Coal Secretary Anil Swarup has said.
November 11, 2014 22:53 (IST)
An inter-ministerial panel on Tuesday decided the methodology for fixing reserve price for an upcoming coal auction and will seek approval of the Cabinet for the same.
November 11, 2014 15:29 (IST)
Aiming to make India self-sufficient in coal, Power and Coal Minister Piyush Goyal said on Tuesday that the target of doubling domestic production from the current 490 million tonnes level was "possible".
November 10, 2014 18:28 (IST)
The committee, comprising secretaries of ministries of finance, power, steel, law, mines, petroleum, industrial policy and promotion and coal, is to decide on the auction start price or the reserve price for allotting coal blocks whose allocation was cancelled by the Supreme Court recently, sources said.
November 09, 2014 18:39 (IST)
With the government expected to put 74 coal blocks on e-auction soon, most of them operational, Rattan India Power has decided to participate in the bidding so as to revive its nearly 2,700-MW worth of projects it had earlier shelved for want of fuel.
November 03, 2014 14:41 (IST)
Coal India Ltd's production beat its target in October, the first time in seven months, as the state-owned miner opened a major mine and there were no rain-related disruptions.
November 02, 2014 15:45 (IST)
The Electricity Appellate Tribunal has rejected Adani Power's application seeking to condone the "481 days" delay in filing a plea against the April 2013 ruling by Central Electricity Regulatory Commission (CERC) with regard to tariff issues at Mundra project.
November 02, 2014 13:20 (IST)
The government has notified a 33 per cent hike in natural gas prices, which have led to a steep increase in CNG rates in states like Maharashtra and Gujarat.
Singapore | October 30, 2014 10:26 (IST)
BPCL aims to raise the capacity of the Kochi refinery to 310,000 bpd from the current 190,000 bpd by May 2016. Besides boosting margins with the upgrade and expansion, the refinery will also be able to produce fully Euro IV compatible gasoline and diesel, Shukla said.
October 29, 2014 23:26 (IST)
State-owned Oil and Natural Gas Corp (ONGC) has edged past Reliance Industries Ltd (RIL) to become the highest ranked Indian energy firm on this year's Platts Global 250 Rankings.
October 27, 2014 20:54 (IST)
The Competition Commission of India (CCI) has ordered Coal India Ltd (CIL) to change the way it supplies the dry fuel through certain online auctions, ruling that the current methods were abusing the company's dominant position.
October 24, 2014 23:15 (IST)
Cautioning against any attempt to de-nationalise coal mines, the five operating trade unions of Coal India Ltd (CIL) have said they will meet shortly to decide the future course of action.
October 22, 2014 18:45 (IST)
All firms which had their coal blocks cancelled by the Supreme Court, barring those convicted for offences related to mines allotment, can bid in the e-auction after paying additional levy, says the Ordinance on coal mines.
Reported By: Heena Gambhir | October 21, 2014 16:32 (IST)
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.