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JUL 25 2012

JSPL faces legal heat after Bolivia pull-out

  • Business Standard, BS Reporter / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

Days after it called off its showcase $2.1-billion Bolivian venture, Jindal Steel & Power Ltd (JSPL) seems to be caught in a major legal tangle with the countrys government. The ...

JUL 25 2012

Bosch to shut Jaipur plant for 10 days

  • Business Line, Our Bureau / Bangalore, 25 July 2012
  • Created:Wed 25th JUL 2012

Bosch Limited plans to suspend manufacturing operations at the Jaipur Plant from July 25 to August 4. In a release to the exchanges, Bosch Ltd said this has been done to adjust production to ...

JUL 25 2012

PPPs choke on fuel crisis

  • Financial Express, Noor Mohammad / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

The public-private partnership (PPP) model has brought about diverse results across sectors. While there has been spectacular success in telecom and somewhat satisfactory outcomes in power, ...

JUL 25 2012

Rising private interest

  • Financial Express, Sweta Lakra, Sushi Shyamal / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

Until a few years ago, private investment in the power sector was primarily limited to power generation. Transmission was exclusively in the hands of central government-owned Powergrid ...

JUL 25 2012

GoM may meet on July 25 to discuss coal regulator Bill

  • Business Line, Siddhartha P. Saikia / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

Anthony to head eGoM on gas pricingThe Group of Ministers (GoM) headed by the Home Minister, Mr P. Chidambaram, is likely to meet on July 25 to discuss ...

JUL 25 2012

Coal Minister to address investors in Singapore, Hong Kong

  • Business Line, Siddhartha P. Saikia / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

Outsourcing is the new mantra for ramping up domestic coal productionThe Coal Minister, Mr Sriprakash Jaiswal, and the Coal India Chairman, Mr S. ...

JUL 25 2012

Paradip coal berth to boost Essar Ports third-party business

  • Mint, P.R. Sanjai / 25 July 2012
  • Created:Wed 25th JUL 2012

Essar Ports Ltd, an Essar Group unit, expects that its proposed coal berth at Paradip Port in Orissa will get at least 25% of revenue from third parties in the next two years. Essar Ports, ...

JUL 25 2012

Diesel price hike: Allies yet to come on board

  • Business Line, Our Bureau / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

With the Presidential elections behind, the pressure is mounting on the Government to hike diesel prices. While there is consensus on the issue within the Government, getting the allies on ...

JUL 25 2012

BP, Transocean blamed for lax safety guidelines in Gulf oil spill report

  • Financial Express, PTI / Houston, 25 July 2012
  • Created:Wed 25th JUL 2012

BP and Transocean lacked clear guidelines for key tests to ensure that the ill-fated Macondo well was safely sealed before it ruptured and triggered the 2010 Deepwater Horizon disaster, US ...

JUL 25 2012

Forex, output gains buoy Cairn India

  • Mint, Pallavi Pengonda / 25 July 2012
  • Created:Wed 25th JUL 2012

Upstream oil company Cairn India Ltds latest financial performance bettered Street estimates. Of course, one main reason for the strong June quarter results was the fact that the company had ...

JUL 25 2012

Brent crude falls to $103/barrel

  • Business Line, PTI / Singapore, 25 July 2012
  • Created:Wed 25th JUL 2012

Oil fell in Asian trade today with investor sentiment still under pressure on concerns over the Euro Zones ability to contain its long-running debt crisis, analysts ...

JUL 25 2012

ONGC, Australian varsity ink pact to tap unconventional oil resources

  • Business Line, M. Somasekhar / Hyderabad, 25 July 2012
  • Created:Wed 25th JUL 2012

ONGC and an Australian University have set their eyes on tapping oil resources in some tough and challenging locales in India.These are called basement reservoirs. The ...

JUL 25 2012

Essar Oil shifts from gas to coal; move likely to improve margin at Vadinar refinery by $1 per barrel

  • Economic Times, Rajeev Jayaswal / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

Private sector refiner Essar Oil says its margin will improve by at least $1 per barrel by switching the fuel at its Vadinar refinery in Gujarat from gas to coal. Essar ...

JUL 25 2012

Antony to head EGoM on natural gas pricing

  • Financial Express, PTI / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

Defence Minister AK Antony will head the reconstituted high-powered ministerial panel which will decide if price of natural gas produced by Reliance Industries from KG-D6 fields can be ...

JUL 25 2012

GAIL in pact with ONGC for buying natural gas

  • Business Standard, PTI / New Delhi, 25 July 2012
  • Created:Wed 25th JUL 2012

GAIL would also have the right to off-take butadiene produced in OPaL plant to produce value added products through a Special Purpose VehicleState-run ...

JUL 25 2012

POWERGRID Q1 profit rises 23% at Rs.870 crore

  • PGCIL Site/Corporate Commnication
  • Created:Wed 25th JUL 2012

Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company and the ‘Central Transmission Utility (CTU)’ of the country, has posted a net profit of Rs. 870 ...

JUL 24 2012

Nava Bharat set to hike power generation capacity to 450mw

  • Business Line, V. Rishi Kumar / Hyderabad, 24 July 2012
  • Created:Tue 24th JUL 2012

To set up agro project in TanzaniaNava Bharat Ventures Ltd is set to increase its power generation capacity to 450 mw by the fourth quarter of the ...

JUL 24 2012

Award for Lanco Amarkantak

  • Business Line, Our Bureau / Hyderabad, 24 July 2012
  • Created:Tue 24th JUL 2012

Lanco Amarkantak Power Ltd , a subsidiary of Lanco Infratech Ltd, was recognised for its outstanding achievement in safety management by Greentech Foundation.The 2 x 300 ...

JUL 24 2012

Solar powers share rising in energy basket

  • Business Line, Richa Mishra / New Delhi, 24 July 2012
  • Created:Tue 24th JUL 2012

Some 178 MW of solar power is being added to the countrys energy mixIn the last 10 months, almost 117 million units of electricity consumed were drawn ...

JUL 24 2012

Steps being taken to improve power supply, AP CM assures industry

  • Business Line, Our Bureau / Hyderabad, 24 July 2012
  • Created:Tue 24th JUL 2012

The Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, today assured industries that several measures were being taken to mitigate power shortage including by pooling power from various ...