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JUL 21 2012

Refining segment helps RIL fight back

  • Business Line, Anand Kalyanaraman / 21 July 2012
  • Created:Sat 21st JUL 2012

Halting the fall in sequential profits over the previous two quarters, Reliance Industries’ bottom-line in the June quarter grew 5.6 per cent over March.This was ...

JUL 21 2012

RIL posts 21% decline in June quarter net profit

  • Mint, AveekDatta / 21 July 2012
  • Created:Sat 21st JUL 2012

The oil-to-yarn and retail conglomerate Reliance Industries Ltd (RIL) on Friday reported a 21% decline in net profit for the three months ended 30 June, hurt by the worse-than-expected ...

JUL 21 2012

Government seeks SC clarity on RIL-KG basin verdict

  • Economic Times, Dhanahjay Mahapatra / New Delhi, 21 July 2012
  • Created:Sat 21st JUL 2012

While seeking to overcome the 'auction for all natural resources' law laid down by the 2G judgment, the Centre wants clarification of an important conclusion in the Reliance ...

JUL 20 2012

JSW ENERGY LTD- Press Release Q1 12-13

  • Quaterly report
  • Created:Fri 20th JUL 2012

While seeking to overcome the 'auction for all natural resources' law laid down by the 2G judgment, the Centre wants clarification of an important conclusion in the Reliance ...

JUL 20 2012

Govt imposes duty on power equipment

  • Mint, Amrit Raj,PTI / 20 July 2012
  • Created:Fri 20th JUL 2012

Cabinet also approves proposal to hive off surplus VSNL land; sale of 10.82% govt stake in SAIL gets nodIndia will shortly impose a 5% import duty on ...

JUL 20 2012

LancoInfratech in talks for Rs 23,000 croreloan recast

  • Economic Times, Anita Bhoir, CR Sukumar&Sobia Khan, ET Bureau / Mumbai, Hyderabad,Bangalore, 20 July 2012
  • Created:Fri 20th JUL 2012

LancoInfratech, a builder of power plants and roads with nearly Rs 23,000 crore of longterm debt, is negotiating with some banks for an easier loan repayment schedule because of strain on ...

JUL 20 2012

Jindal Power may pick stake in Gayatri joint venture

  • Economic Times, Anita Bhoir& CR Sukumar, ET Bureau / Hyderabad, Bangalore, 20 July 2012
  • Created:Fri 20th JUL 2012

Hyderabad-based infrastructure firm Gayatri Projects is in talks with Jindal Power, the unlisted arm of Jindal Steel and Power Ltd ( JSPL), for a possible stake sale in a power project ...

JUL 20 2012

CERC asks Tata Power to approach states on tariff hike proposal

  • Mint, MaulikPathak&UtpalBhaskar / 20 July 2012
  • Created:Fri 20th JUL 2012

Indias power sector regulator on Thursday asked Tata Power Co. Ltd to approach states that buy electricity from its plant in Mundra, Gujarat, with its tariff hike proposal, saying the firms ...

JUL 20 2012

Power Corporation gears up to augment generation to 400 mw

  • Economic Times, PTI / Puducherry, 20 July 2012
  • Created:Fri 20th JUL 2012

The Puducherry government owned Power Corporation in Karaikal has drawn up plans to augment gas based power generation from present 32 mw to 400 mw in a phased manner. ...

JUL 20 2012

Tata Power synchronises second unit of Mundra UMPP in Gujarat

  • Economic Times, PTI / Mumbai, 20 July 2012
  • Created:Fri 20th JUL 2012

Private utility Tata Power today said the second unit of 800 MW of its 4,000 MW ultra mega power project (UMPP) at Mundra in Gujarat, has been synchronised. With this, the ...

JUL 20 2012

Call on Tata Power and Adani's rate hike plea deferred

  • Business Standard, BS Reporters / New Delhi, 20 July 2012
  • Created:Fri 20th JUL 2012

Imported coal-based power plants will have to wait longer for higher rate. The Central Electricity Regulatory Comm-ission (CERC) on Thursday deferred its decision on two separate pleas, by ...

JUL 20 2012

Power stocks glow on hopes Centre will hike import duty on equipment

  • Business Line, R. Y. Narayanan / Coimbatore,20 July 2012
  • Created:Fri 20th JUL 2012

Shares of domestic power equipment manufacturers are looking up in the morning trade riding on the news that the Government of India, at long last, may take a decision on hiking import duty ...

JUL 20 2012

Teesta III hydro project likely to be ready by Dec 2013

  • Business Line, PTI / New Delhi, 20 July 2012
  • Created:Fri 20th JUL 2012

The 1,200 MW Teesta-III hydropower project in Sikkim, delayed by natural calamities and legal hurdles, is likely to be commissioned by December 2013.The project, which ...

JUL 20 2012

Power situation likely to improve with additional supply from GAIL

  • Business Line, Our Bureau / Hyderabad, 20 July 2012
  • Created:Fri 20th JUL 2012

AP to encourage wind farms through new policyThe Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, today assured CII that the power supply ...

JUL 20 2012

Local solar panel makers facing the heat

  • Business Line, NagarajanNarasimhan/ 20 July 2012
  • Created:Fri 20th JUL 2012

The Government should come out with conducive policy measures to reduce the cost of solar power, while simultaneously promoting local solar panel producers.Reductions in ...

JUL 20 2012

Bailout schemes fail to push states on power reforms

  • Financial Express, Noor Mohammad / New Delhi, 20 July 2012
  • Created:Fri 20th JUL 2012

The governments promise of another reform-linked mega-bailout for power distribution companies comes even though there is little evidence that such largesse prompts states to mend their ways ...

JUL 20 2012

Coal India can now extract coal mine methane, but with riders

  • Business Line, Siddhartha P. Saikia /New Delhi, 20 July 2012
  • Created:Fri 20th JUL 2012

Commercial sale to be governed by Oil Ministry normsThe tussle between Coal and Petroleum Ministries over extraction of coal mine methane (CMM) has been ...

JUL 20 2012

Chevron buys two Kurdistan blocks from RIL

  • Mint, Reuters / 20 July 2012
  • Created:Fri 20th JUL 2012

Chevron purchasing 80% of the Sarta and Rovi blocks in deal worth about $200 mn, according to reportsUS oil giant Chevron Corp. said on Thursday it has ...

JUL 20 2012

Rajasthan fields output can go up by 70% on govt approval: Cairn

  • Business Line, PTI /New Delhi, 20 July 2012
  • Created:Fri 20th JUL 2012

Cairn India said on Thursday that it can raise crude oil production from its prolific Rajasthan fields by over 70 per cent to 300,000 barrels per day or 15 million tonnes a year if ...

JUL 20 2012

Oil rises above $90 a barrel in Asia

  • Business Line, PTI / Bangkok, 20 July 2012
  • Created:Fri 20th JUL 2012

Oil rose above $90 a barrel in Asia for the first time since May after the US Government said oil demand is on the rise and regional stock markets rebounded on strong earnings and improved ...