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SEP 27 2012

Oil India plans investment arm to buy assets overseas

  • Business Line, Richa Mishra / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

Will approach board for approval to set up OIL InternationalNo longer wanting to play a second fiddle to ONGC, Oil India Ltd (OIL) is planning an overseas investment arm ...

SEP 27 2012

GSPC raises Rs.3,000 cr through bond markets to meet capex needs

  • Financial Express, PTI / Ahmedabad, 27 September 2012
  • Created:Thu 27th SEP 2012

Gujarat State Petroleum Corporation (GSPC) has raised R3,000 crore through the bond market for meeting the capital expenditure requirement.The proceeds from the bond ...

SEP 27 2012

Brent crude falls to $110 on doubts over US economic stimulus

  • Business Line, PTI / Singapore, 27 September 2012
  • Created:Thu 27th SEP 2012

Crude fell in Asia today as doubts over the efficacy of fresh US economic stimulus surfaced following comments from a top Federal Reserve official, analysts said.New Yorks ...

SEP 27 2012

RIL signs 15-year oil contract with Venezuelas PDVSA

  • Financial Express, HumaSiddiqui, Prashant Mukherjee / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

Reliance is expected to source ultra heavy crude from the Orinoco oil beltThe countrys largest private oil and gas explorer, Reliance Industries, signed a 15-year oil ...

SEP 27 2012

Without subsidy, domestic LPG to cost over Rs 750 a cylinder

  • Business Line, Richa Mishra / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

If you have exhausted your quota of remaining three subsidised cylinders before March 2013, get ready to pay over Rs 750 a cylinder.On September 13, the Government had ...

SEP 27 2012

GMR to commission two power projects next month

  • Business Standard, B Dasarath Reddy / Hyderabad
  • Created:Thu 27th SEP 2012

If you have exhausted your quota of remaining three subsidised cylinders before March 2013, get ready to pay over Rs 750 a cylinder.On September 13, the Government had ...

SEP 26 2012

Mundra project: Buyers say no to tariff hike plan of Tata Power

  • Business Line, Siddhartha P. Saikia / New Delhi, 26 September 2012
  • Created:Wed 26th SEP 2012

CERC may take up matter tomorrowIn a major setback to Tata Power-promoted Mundra Ultra Mega Power Project (UMPP), electricity buyers have turned down the companys proposal ...

SEP 26 2012

Fuel shortage may hit reform goals for troubled state electricity boards

  • Economic Times, Rachita Prasad, ET Bureau / Mumbai, 26 September 2012
  • Created:Wed 26th SEP 2012

The bailout package for state electricity boards (SEBs) announced on Monday has cheered power utilities but they believe the key for revival of the troubled sector lies in fuel ...

SEP 26 2012

NTPC raises $500 mn on lower withholding tax

  • Business Standard, BS Reporter / Mumbai, 26 September 2012
  • Created:Wed 26th SEP 2012

It is the firm's third offering under its $2-bn MTN programmeNTPC became the first company to benefit from lower withholding tax on external commercial borrowing ...

SEP 26 2012

Moily warns discoms on fiscal discipline

  • Financial Express, FE Bureau / New Delhi, 26 September 2012
  • Created:Wed 26th SEP 2012

To avail debt recast package, distribution cos will have to achieve targets set under schemePower minister Veerappa Moily on Tuesday said that the Centre-approved debt ...

SEP 26 2012

UP approves Lucknow-Agra expressway

  • Financial Express, Deepa Jainani / Lucknow, 26 September 2012
  • Created:Wed 26th SEP 2012

1,980-mw power plant also gets nodThe UP government on Tuesday approved two important infrastructure projects.The first project involves the ...

SEP 26 2012

Analysts not fully convinced about SEB debt recast benefit

  • Mint, Aveek Datta / Mumbai, 26 September 2012
  • Created:Wed 26th SEP 2012

The desired impact of the move wont be realized unless a consensus is achieved to implement tariff hikesThe governments decision to restructure short-term debt on the ...

SEP 26 2012

Power play

  • Business Line, 26 September 2012
  • Created:Wed 26th SEP 2012

The Centres latest bailout package for state power distribution companies (Discoms) has all the elements of this is the last and final boarding call that air travellers are used to. As in ...

SEP 26 2012

Good news for power sector: Government to revive bleeding state electricity boards

  • Economic Times, ET Bureau / New Delhi, 26 September 2012
  • Created:Wed 26th SEP 2012

The government has unveiled more business-friendly policies, with a package to unclog investment flows into the power sector by reviving bleeding state electricity boards, and reached out to ...

SEP 26 2012

New capacity could provide relief from power shortage in TN soon

  • Business Line, Our Bureau / Chennai, 26 September 2012
  • Created:Wed 26th SEP 2012

Over 3,000 MW of power generation capacity will be added in Tamil Nadu over the next six months, which would alleviate the power shortage in the State, according to K. Venugopal, Member, ...

SEP 26 2012

State seeks more coal for APGenco, NTPC plants

  • Business Line, Our Bureau / Hyderabad, 26 September 2012
  • Created:Wed 26th SEP 2012

The Andhra Pradesh Government has requested the Centre and Coal India Ltd to increase coal supplies to help generate additional power in the State.The State has also ...

SEP 26 2012

BHEL Said to Seek $500 Million Europe Purchase: Corporate India

  • Bloomberg, Abhishek Shanker and Rajesh Kumar Singh, 26 September 2012
  • Created:Wed 26th SEP 2012

Bharat Heavy Electricals Ltd. (BHEL), Indias biggest power-equipment maker, may buy a European provider of metro-rail technology for as much as $500 million to help revive profit growth from ...

SEP 26 2012

Lanco and MP agree to a 25-yr power pact

  • Business Standard, Jyoti Mukul / New Delhi, 26 September 2012
  • Created:Wed 26th SEP 2012

After prolonged litigation and arbitration proceedings, Lanco Infratech will be entering into a fresh agreement with the Madhya Pradesh government for supply of the entire 300 Mw power from ...

SEP 26 2012

Kudankulam unit-I to be operational by year-end

  • Business Standard, BS Reporter / Mumbai, 26 September 2012
  • Created:Wed 26th SEP 2012

Atomic Energy Commission chairman R K Sinha said the first unit of 1,000 Mw at the Kudankulam nuclear plant in Tamil Nadu should be operational by the end of the calender ...

SEP 26 2012

Scientists, engineers convinced about Kudankulam nuclear power plant's safety preparedness

  • Economic Times, K S Parthasarathy / 26 September 2012
  • Created:Wed 26th SEP 2012

On August 9, 2012, Atomic Energy Regulatory Board (AERB) permitted the Nuclear Power Corporation of India (NPCIL) for fuel loading and first approach to criticality of the first unit of the ...