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AUG 18 2012

Cairn India has breached corporate governance norms: SES

  • Business Line, Priyanka Pani / Mumbai, 18 August 2012
  • Created:Sat 18th AUG 2012

In its latest crusade against companies violating corporate governance norms, proxy advisory firm Stakeholders Empowerment Services (SES) has directed attention to Cairn India. SES has ...

AUG 17 2012

CERC panel on grid collapse pitches for strict discipline

  • Business Standard, Sanjay Jog / Mumbai, 17 August 2012
  • Created:Fri 17th AUG 2012

The two-member panel asked by the Central Electricity Regulatory Commission (CERC) to probe the twin national grid collapses on July 30 and 31 has said prevention of such occurences ...

AUG 17 2012

Power Tariff to Rise 9% in State, but not in City

  • Economic Times / Mumbai, 17 August 2012
  • Created:Fri 17th AUG 2012

Domestic consumers in Maharashtra, excluding those in Mumbai, will have to pay almost 9% more for electricity from August 1. On Thursday, Maharashtra Electricity Regulatory Commission said it has ...

AUG 17 2012

Blackout due to circuit shutdown, says expert panel

  • Business Line, Richa Mishra & Siddhartha P Saika / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

One reason for the worlds biggest blackout on July 30-31, which saw almost half of India go without power for almost six hours, was the shutdown of different circuits for upgradation work. This ...

AUG 17 2012

NTPC assured of coal linkage for projects of 11,000-mw capacity

  • Financial Express / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

The state-owned NTPC on Thursday said it has been assured by the coal ministry of the fuel-linkages for its upcoming projects that are to come up over the next 5-10 years, helping it become a ...

AUG 17 2012

Grid failure: Discoms overhaul required

  • Business Line, Saurabh Kumar / Mumbai, 17 August 2012
  • Created:Fri 17th AUG 2012

Grid overdrawal is a consequence of discoms being unable to enter into long-term procurement contracts, due to their financial condition. G.R.N. Somashekar Debt restructuring through an ...

AUG 17 2012

Tata Power to issue NCDs of 60-year maturity

  • Business Line / Coimbatore, 17 August 2012
  • Created:Fri 17th AUG 2012

Tata Power Company Ltd plans to raise Rs 1,500 crore through non-convertible debentures having a coupon rate of 10.75 per cent. But a significant feature of the NCDs is that they would have a ...

AUG 17 2012

Lanco Infratechs poor performance continues

  • Mint, Ravi Krishnan / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

Companies diversify to protect against a downturn. For Lanco Infratech Ltd, it has not worked because all its businesses are in infrastructure, which is facing a crisis as economic growth ...

AUG 17 2012

The wrong renewable

  • Business Standard / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

The government must give up on failed biofuel efforts The governments ambitious biofuel programme, marred by glitches since its launch in 2003, seems finally to be running aground. ...

AUG 17 2012

Solar solutions to costly fossil fuels

  • Financial Express, Unni Pillai, Amit Kapoor / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

On May 25, 2012, a sunny day in Germany, 22 GW of power came online from solar sources across the country, a staggering 40% of the total power capacity used. The high monetary and environmental ...

AUG 17 2012

Abhijeet Group in $7-bn coal deal with US firm

  • Business Standard / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

The Nagpur-based Abhijeet Group on Thursday signed a $7-billion (Rs 39,069 crore) deal with US-based FJS Energy LLC for coal supply to fire its steel and power units in India. The New ...

AUG 17 2012

US opens coal gate for India

  • Financial Express, Noor Mohammad / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

American firms woo Indian buyers with long-term contracts, discounts The US is emerging as a new source of coal supply for India as traditional exporters like Indonesia and Australia jack ...

AUG 17 2012

CIL agrees to changes in FSA with state-named agencies

  • Financial Express / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

Coal India (CIL) has agreed to certain changes in the fuel supply pact to be entered with state-nominated agencies. Model Fuel Supply Agreement (FSA) applicable for state-nominated ...

AUG 17 2012

Pet coke power plant at Kochi Refineries

  • Business Line, Thiruvananthapuram, 17 August 2012
  • Created:Fri 17th AUG 2012

Chief Minister Oommen Chandy has discussed with representatives of Bharat Petroleum Corporation Ltd (BPCL) status of the pet coke power plant proposed to be set up as part of Kochi Refineries Ltd ...

AUG 17 2012

Fuel supply pact: Coal India agrees for changes with state-nominated agencies

  • Business Line / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

Coal India (CIL) has agreed to certain changes in the fuel supply pact to be entered with statenominated agencies. Model Fuel Supply Agreement (FSA) applicable for state nominated agencies ...

AUG 17 2012

Crude oil at three-month high on US supply woes

  • Business Standard, Reuters / London, 17 August 2012
  • Created:Fri 17th AUG 2012

Oil steadied near three-month highs on Thursday, supported by worries over possible disruptions to supply from the West Asia and a steep fall in US oil inventories. Brent, the global crude ...

AUG 17 2012

Brent crude jumps to $116 per barrel

  • Business Line / Singapore, 17 August 2012
  • Created:Fri 17th AUG 2012

Oil prices rose in Asian trade today, extending a rally driven by strong energy demand in the United States. New Yorks main contract, West Texas Intermediate for September contract, was up ...

AUG 17 2012

ONGC to sell 26% stake in KG block

  • Business Standard, Kalpana Pathak / Mumbai, 17 August 2012
  • Created:Fri 17th AUG 2012

State-run Oil and Natural Gas Corporation (ONGC) will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japans Inpex Corporation. ONGC ...

AUG 17 2012

ONGC director conferred with AIMA fellowship

  • Financial Express / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

KS Jamestin, ONGC director (HR), has been conferred with AIMA fellowship at the 17 th convocation of the association, considered as an apex body of over 30,000 management professionals. The ...

AUG 17 2012

Ecopetrol inks $1.2-bn deal with Essar Oil

  • Financial Express / New Delhi, 17 August 2012
  • Created:Fri 17th AUG 2012

Colombias Ecopetrol will supply 12 million barrels of crude oil to Indias Essar Oil under a year long contract worth around $1.2 billion. This export contract ensures a systematic sale of ...