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JUL 04 2012

Coal shortage, approval delays: Power cos look abroad

  • Financial Express, Shubhra Tandon / Mumbai, 04 July 2012
  • Created:Wed 04th JUL 2012

Shortage of domestic coal, coupled with high cost of imports and delays in receiving approvals, are pushing Indian power producers to build plants overseas or bid for ...

JUL 04 2012

MahaVitaran's loans halted

  • Business Standard, Sanjay Jog / Mumbai, 04 July 2012
  • Created:Wed 04th JUL 2012

The discom?s inability to recover Rs 7,623 crore from consumers adds to its financial woesMaharashtra State Electricity Distribution Co Ltd, also known ...

JUL 04 2012

Delay in monsoon increases power demand in Haryana

  • Economic Times, Madhvi Sally, ET Bureau / Ahmedabad04 July 2012
  • Created:Wed 04th JUL 2012

Power demand in Haryana has increased sharply in the last few days due to delay in monsoon and extra ordinary increase in temperature all over the state. It has resulted into increase of ...

JUL 04 2012

Work resumes on NHPCs Uri-II project after 105 days of labour unrest

  • Economic Times, Masood Hussain, ET Bureau / Srinagar, 04 July 2012
  • Created:Wed 04th JUL 2012

After paralyzing work for 105 days over labour unrest, NHPC has finally agreed to appoint locals against C and D category jobs in the upcoming 240-MW Uri-II power project. Within 24 hours ...

JUL 04 2012

South Koreas Kepco in talks with GVK for buying stake

  • Mint, Utpal Bhaskar / New Delhi, 04 July 2012
  • Created:Wed 04th JUL 2012

Korea Electric Power Corp. (Kepco) is in talks with Indias GVK group for acquiring stakes in the power generation business of GVK Power and Infrastructure ...

JUL 04 2012

Coal linkage swap on cards; power companies to be major beneficiaries

  • Financial Express, Subhash Narayan / New Delhi, 04 July 2012
  • Created:Wed 04th JUL 2012

Move to optimise fuel availability and cut down restrictive transportation chargesThe government is considering allowing power and steel companies to ...

JUL 04 2012

PMO asks CoalMin to help CBI in mines allocation probe

  • Business Standard, PTI / New Delhi, 04 July 2012
  • Created:Wed 04th JUL 2012

CBI is investigating alleged irregularities in mines allotment without auction between 2006 and 2009The Prime Minister's Office has given ...

JUL 04 2012

Coal India board to meet next week on fuel supply pacts

  • Economic Times, PTI / New Delhi, 04 July 2012
  • Created:Wed 04th JUL 2012

Against the backdrop of the PMO asking CIL to sign pacts with power firms, assuring a minimum supply of 65 per cent of the total coal committed to them, the PSU's board will meet on ...

JUL 04 2012

Akhilesh Yadav to allow 10 power projects in the state to import coal

  • Economic Times, Manmohan Rai, ET Bureau / Lucknow, 04 July 2012
  • Created:Wed 04th JUL 2012

In a major concession to power project developers, Chief Minister Akhilesh Yadav said on Tuesday that his government was going to allow coal import for 10 power projects, MoU's for ...

JUL 04 2012

Haldia promoter may challenge government nominee in court

  • Mint, Romita Datta / 04 July 2012
  • Created:Wed 04th JUL 2012

The stage is set for The Chatterjee Group (TCG), one of the promoters of Haldia Petrochemicals Ltd (HPL), to legally challenge last months appointment of Sumantra Chowdhury, a retired ...

JUL 04 2012

Look for a strategic investor

  • Mint / 04 July 2012
  • Created:Wed 04th JUL 2012

The governments plan to defer share sales in exploration company Oil India Ltd (OIL) on its improved prospects owing to a lower subsidy payout this fiscal is sensible. No doubt, there is ...

JUL 04 2012

John Energy initiates exploratory drilling at GSPC-GAIL well

  • Business Line, PTI / Jaipur, 04 July 2012
  • Created:Wed 04th JUL 2012

Oil and Gas Company, John Energy Ltd has begun a three-well exploratory drilling programme for GSPC-GAIL at its 4,613 square km NELP-VI land block in Rajasthan.GSPC-GAIL ...

JUL 04 2012

Diesel prices should also go on a float, says Basu

  • Economic Times, PTI / Chennai, 04 July 2012
  • Created:Wed 04th JUL 2012

Advocating diesel prices also go on a float like petrol, Chief Economic Adviser Kaushik Basu today said the idea to fix the tax component in petrol prices in the country could be looked into ...

JUL 04 2012

Oil advances on Iran supply concern, global stimulus speculation

  • Business Standard, Bloomberg / Melbourne, 04 July 2012
  • Created:Wed 04th JUL 2012

Oil rose in New York on speculation sanctions against Iran would curb supply amid signs that central banks from Europe to China may ease monetary policy to spur economic ...

JUL 04 2012

Petroleum sector: Crude fall offers comfort, but rupee remains a worry

  • Economic Times, Ramkrishna Kashelkar, ET Bureau / 04 July 2012
  • Created:Wed 04th JUL 2012

India's petroleum industry is expected to see weak numbers for the June '12 quarter as industry's under-recoveries remain high while refinery margins are under pressure due to ...

JUL 04 2012

Brent crude falls to $97 per barrel

  • Business Line, PTI / Singapore, 04 July 2012
  • Created:Wed 04th JUL 2012

Crude prices slipped in Asian trade today as slumping manufacturing output in the worlds major economies weighed on markets, analysts said.New Yorks main contract, light ...

JUL 04 2012

ONGC surpasses TCS to become most valued company

  • Business Standard, PTI / Mumbai, 04 July 2012
  • Created:Wed 04th JUL 2012

State-run Oil and Natural Gas Corporation (ONGC) today became the countrys most valued company, with market capitalisation of about Rs 2.47 lakh crore, surpassing software services company ...

JUL 04 2012

Government gearing up to remove roadblocks to attract investments in oil and gas exploration

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 04 July 2012
  • Created:Wed 04th JUL 2012

The government is gearing up to remove roadblocks to attract investments in oil and gas exploration and resolve contentious issues such as pricing of KG-D6 gas flagged by Reliance Industries ...

JUL 04 2012

Panel invites comments on oil & gas exploration contract terms

  • Economic Times, PTI / New Delhi, 04 July 2012
  • Created:Wed 04th JUL 2012

Amidst raging controversy over fall in output at Reliance Industries' KG-D6 gas fields, a high-level panel headed by C Rangarajan has invited comments on terms of contracts for ...

JUL 04 2012

RILs 6-mth target cut to R750

  • Financial Express / New Delhi, 04 July 2012
  • Created:Wed 04th JUL 2012

Niko Resources (Niko) has recently reported a substantial cut in its net proved reserve base from the KGD6 block. Niko owns a 10% interest in the block while Reliance Industries (RIL) owns ...