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MAY 09 2012

Surplus coal may be sold at production cost

  • Business Standard, Sudheer Pal Singh / New Delhi 09 May 2012
  • Created:Wed 09th MAY 2012

Fearing profit-making by private miners through the sale of surplus coal produced at captive mines, the government plans to impose a policy guideline asking captive mining companies to sell ...

MAY 09 2012

Coal position at thermal power plants continue to be critical

  • Economic Times, PTI / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

Coal stock position at the thermal power stations in the country continue to be critical with as many as 29 plants receiving less fuel, leaving them with stocks for less than a week. ...

MAY 09 2012

Unlocking that coal

  • Financial Express, Chandrajit Banerjee / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

As per the latest core sector growth figures, coal output expanded only 1.2% in 2011-12, although it improved from last year’s negative 0.2%. Even as we move into the Twelfth Five ...

MAY 09 2012

CIL may hike prices by 5-10%, say analysts

  • Mint, Manish Basu / 09 May 2012
  • Created:Wed 09th MAY 2012

Increase in prices necessary to mitigate impact of a wage hike that the company agreed to in JanuaryAnalysts expect state-owned miner Coal India Ltd ...

MAY 09 2012

Oil mixed in Asia on Euro Zone woes

  • Business Line, PTI / Singapore, 09 May 2012
  • Created:Wed 09th MAY 2012

Oil prices were mixed in Asian trade today on fresh worries about the Euro Zone debt crisis after leadership changes in France and Greece underscored massive public anger over austerity ...

MAY 09 2012

Iran accepts Chinese yuan in exchange for oil

  • Reuters, Raissa Kasolowsky / Abu Dhabi, 09 May 2012
  • Created:Wed 09th MAY 2012

Iran is accepting yuan for some of the approximately $20 billion worth of crude the OPEC member supplies to its main client, China, annually, an Iranian diplomat said on Tuesday, as the two ...

MAY 09 2012

Fuel price hike may come this June, too

  • Business Standard, Ajay Modi / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

June may turn out to be the luckiest month for government oil marketing companies for the third year in a row. Like the last two years, this June is also expected to see a round of price ...

MAY 09 2012

Clinton keeps pressure on India over Iran oil

  • Mint, Elizabeth Roche / 09 May 2012
  • Created:Wed 09th MAY 2012

US official to visit India next week with an expert team for consultations on oil import issueRatcheting up pressure on India to isolate Iran, US ...

MAY 09 2012

India, Iran call for secure payment system, lowering tariffs to boost trade

  • Business Line, Richa Mishra / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

The traders of India and Iran have called for a secure payment mechanism and lowering tariffs to boost trade.At an industry meeting hosted by The Associated Chambers of ...

MAY 09 2012

LIC sees marginal rise in ONGC investment till March

  • Business Line, PTI / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

The country's largest insurer, Life Insurance Corporation (LIC), has seen a marginal appreciation in its investment in oil major ONGC till March 31, ...

MAY 09 2012

Delays take sheen off first indigenous oil-drilling rig

  • Mint, P. Manoj / 09 May 2012
  • Created:Wed 09th MAY 2012

The launch of India’s first indigenous offshore oil- drilling jack-up rig last week by Bharati Shipyard Ltd would have been a cause for euphoria for the country’s ...

MAY 09 2012

Should upstream oil & gas companies get taxed to death?

  • Business Standard, Jyoti Mukul / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

Heavy taxation jeopardises oil cos' incentive to remain on cutting edge of exploration & productionThe way the government treats its ...

MAY 09 2012

Petronet LNG (Rs 141.6): BUY

  • Business Line, Yoganand D / 09 May 2012
  • Created:Wed 09th MAY 2012

We recommend a buy in the stock of Petronet LNG from a short-term perspective. It is evident from the charts of the stock that it was on a sideways consolidation phase in the broad band ...

MAY 09 2012

British Gas, PSU consortium including BP, ONGC to discuss Gujarat Gas stake on May 18

  • Economic Times, Shuchi Srivastava, ET Bureau / Mumbai, 09 May 2012
  • Created:Wed 09th MAY 2012

After an impasse of about two months, British Gas and representatives of the PSU consortium bidding for its 65% stake in Gujarat Gas are planning to meet on May 18 to discuss the modalities ...

MAY 09 2012

IGL-PNGRB case adjourned again to May 22, 2012

  • Economic Times, Shreya Jai, ET Bureau / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

IGL's (Indraprastha gas limited) he aring in the high court against the petroleum and natural gas regulatory board (PNGRB) has been adjourned to May 22, 2012. The sole supplier of ...

MAY 09 2012

RIL gas output may drop to 20 mmscmd in 2014-15: Jaipal Reddy

  • Economic Times, ET Bureau / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

Oil minister Jaipal Reddy has said natural gas output from Reliance Industries' D6 block would drop to 20 million standard cubic meters per day in 2014-15, but output of coal bed ...

MAY 09 2012

RIL confirms gas reserve downgrade at KG-D6

  • Business Standard, BS Reporter / Mumbai, 09 May 2012
  • Created:Wed 09th MAY 2012

Annual report says will invest Rs 4,800 cr on telecom details expansion in petrochemicalsReliance Industries (RIL) has cut estimates for proven gas ...

MAY 09 2012

Reliance Industries accuses Oil ministry of violating production sharing contract

  • Economic Times, ET Bureau / New Delhi, 09 May 2012
  • Created:Wed 09th MAY 2012

Reliance Industries has replied to the oil ministry that its notice, which imposed about $1 billion penalty for steep fall in gas output from D6 block, is "illegal" and ...

MAY 08 2012

GVK Power finance chief may step down

  • Business Line, V. Rishi Kumar / Hyderabad, 08 May 2012
  • Created:Tue 08th MAY 2012

GVK Power & Infrastructure Ltd is likely to restructure its finance functions.The rejig may follow the likely exit of a GVK veteran, Mr Isaac A. George, who may ...

MAY 08 2012

ReNew Wind plans Rs 6,000 crore investment in 2 years

  • Business Line, Virendra Pandit / Ahmedabad, Mumbai, 08 May 2012
  • Created:Tue 08th MAY 2012

Independent renewable energy producer ReNew Wind Power Pvt Ltd plans to invest around Rs 6,000 crore on development of 1,000 MW of wind power in the next couple of years in the country. It ...