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AUG 21 2012

Need To Get Rid Of Fuel Subsidies

  • Mint / New Delhi, 21 August 2012
  • Created:Tue 21st AUG 2012

As the operator of three airlines that fly over every continent, the Virgin Group is a major consumer of fossil fuels. Recognizing that carbon emissions resulting from consumption of these fuels ...

AUG 21 2012

Inflation to rise 1.2% if diesel subsidy nixed, shows study

  • Business Standard / New Delhi, 21 August 2012
  • Created:Tue 21st AUG 2012

The political class may be dithering over increasing fuel prices, especially diesel, fearing it might have a cascading effect on the already high inflation rate. But if diesel prices are matched ...

AUG 21 2012

RIL-BP to supply gas to Andhra power projects

  • Business Standard, Kalpana Pathak & Katya B Naidu / Mumbai, 21 August 2012
  • Created:Tue 21st AUG 2012

Entering another important segment of the natural gas business, Reliance Industries Ltd and BP India are in talks with gas-starved power projects of Andhra Pradesh to supply long-term liquefied ...

AUG 21 2012

Meghalaya notifies Open Access charges for FY 12-13

  • IEX
  • Created:Tue 21st AUG 2012

Meghalaya State  Electricity Regulatory Commission has notified Open  Access Charges vide  its  order dated 21st August, 2012  ...

AUG 19 2012

Lanco Infra to hike output from Griffin

  • Business Line
  • Created:Sun 19th AUG 2012

  Lanco Infratech Limited is planning to gradually increase the output from the Griffin coal mines located in Western Australia. The company has finalised plan for ...

AUG 18 2012

Power sector future bright, but challenges daunting: Tata

  • Business Standard / Mumbai, 18 August 2012
  • Created:Sat 18th AUG 2012

The power sector had a bright future, but the challenges were daunting, said Ratan Tata, chairman, Tata Sons, at his last annual general meeting of Tata Power. “It is a business with ...

AUG 18 2012

Tatas, Jindals, Adanis & Adag Named Beneficiaries

  • Economic Times / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

The national auditor has rattled India Inc and the government with scathing reports naming top business houses such as the Tatas and Jindals and the Anil Ambani Group among alleged recipients of ...

AUG 18 2012

CAG has erred in computation: RPower

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

No two projects can have same tariff, even if coal source was the same Ratan Tata, Chairman, Tata Power, with N.H. Mirza, Director, and Cyrus Pallonji Mistry, Chairman designate, at ...

AUG 18 2012

RPower Got Undue Benefits, Says CAG

  • Economic Times / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

The CAG has questioned the eligibility of the Anil Ambani-led Reliance Power to have bid for any of the three ultra mega power projects (UMPPs) and said the company would enjoy undue benefits of ...

AUG 18 2012

CAG indictment trips power stocks

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

Analysts call it knee-jerk reaction It was a rough day at the bourses for power stocks with the CAG report being tabled in the Rajya Sabha on Friday. The report pointed to a ...

AUG 18 2012

CAG did not consider eGoM decision on surplus coal: Power Ministry

  • Business Line / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

The Power Ministry expressed difference to the finding of CAG report on Ultra Mega Power Projects where it alleged a financial benefit of Rs 29,033 crore to Anil Ambani-led Reliance Power over 20 ...

AUG 18 2012

REC to give Rs 10,873 cr for 3 AP Genco projects

  • Business Line / Hyderabad, 18 August 2012
  • Created:Sat 18th AUG 2012

The Rural Electrification Corporation Ltd has agreed to provide a loan of Rs 10,873.35 crore for three AP Genco projects. This follows a decision during a meeting that the Chairman and ...

AUG 18 2012

More power cuts in State, says AP Transco

  • Business Line / Hyderabad, 18 August 2012
  • Created:Sat 18th AUG 2012

AP Transco has announced that the power consumers in the State will have to bear with additional power cuts due to unexpected shortage of about 723 MW capacity. In a statement, AP Transco ...

AUG 18 2012

CAG blasts government's claim of transparency in allocation

  • Business Standard / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

The Comptroller and Auditor General (CAG) today blasted the government’s principal line of defence against allegations of corruption in coal block allocation. The auditor said allocation of ...

AUG 18 2012

Pvt players may have gained Rs 1.86 lakh cr on allotments sans competitive bidding

  • Business Line / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

In a toned down report compared to its draft, the Comptroller and Auditor General said the delay in the introduction of competitive bidding for allocation of coal blocks “led to financial ...

AUG 18 2012

Coal blocks for power plants under a cloud

  • Business Standard / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

The Comptroller and Auditor General (CAG) said Anil Ambani’s Reliance Power gained Rs 29,033 crore by diverting coal from its Sasan project to Chitrgani project, both in Madhya Pradesh. The ...

AUG 18 2012

All coal blocks be cancelled: Hansraj Gangaram Ahir

  • Business Standard, Gyan Varma / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

Interview with MP from Maharashtra Hansraj Gangaram Ahir, the MP from Maharashtra and whistleblower in the coal block allocation controversy, tells Gyan Varma that the Centre should ...

AUG 18 2012

PM responsible for losses in coal allocation, says BJP

  • Business Standard / New Delhi, 18 August 2012
  • Created:Sat 18th AUG 2012

The reports of the Comptroller and Auditor General (CAG) created predictable heat and dust in Parliament today, with the Opposition seeking the resignation of the prime minister. It was clear ...

AUG 18 2012

R-Power refutes claims

  • Business Standard / Mumbai, 18 August 2012
  • Created:Sat 18th AUG 2012

Refuting the claims that it has received undue benefit of Rs 29,033 crore when the government allowed the use of surplus coal from blocks allotted to the Sasan power plant in Madhya Pradesh, ...

AUG 18 2012

Mahanadi Coalfields blames Nalco for coal shortage

  • Business Line / Kolkata, 18 August 2012
  • Created:Sat 18th AUG 2012

Mahanadi Coalfields Ltd — a wholly owned subsidiary of Coal India Ltd — today accused Nalco of not lifting coal allotted to the company. The Sambalpur-based miner felt that ...