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JUN 15 2012

Coal India to lose Rs 6,000 crore per year on lower spot sales

  • Economic Times, Sarita C Singh, ET Bureau / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

Coal India Ltd (CIL) expects a hit of Rs 6,000 crore per year on its revenue, from next year, as it cuts spot sales to accommodate power producers, according to an internal note. ...

JUN 15 2012

Coal India to hire consultant to curb illegal mining

  • Economic Times, Sarita C Singh, ET Bureau / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

State-run Coal India will soon appoint a consultant to help it check pilferage at its mines in West Bengal and Jharkhand. The Kolkata-headquartered company, which accounts ...

JUN 15 2012

UPA fastest in granting coal mining clearances during its eight years

  • Economic Times, M Rajshekhar,ET Bureau / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

The assertion by a section of industry that the current shortage of coal is due to a delay on the part of the ministry of environment in granting mining clearances is not borne out by data. ...

JUN 15 2012

PMO to hold meeting on Jun 22 to resolve issues on FSAs

  • Jagran Post, New Delhi / 15 June 2012
  • Created:Fri 15th JUN 2012

The Prime Minister's Office (PMO) would convene a meeting next week to iron out issues, mainly the penalty clause deterring power firms such as NTPC from inking fuel supply pacts with ...

JUN 15 2012

Aditya Birla in talks to buy Colombian mines stake for $1 billion: Report

  • Economic Times, Reuters / Mumbai, 15 June 2012
  • Created:Fri 15th JUN 2012

Aditya Birla Group is in talks with American thermal coal miner Drummond Company to buy a "significant stake" in its coal mines in Colombia for $1 billion, a newspaper ...

JUN 15 2012

Oil rises as OPEC keeps output target steady

  • Business Standard, Reuters / Gene Ramos / New York, 15 June 2012
  • Created:Fri 15th JUN 2012

MARKETS-OIL:Oil rises as OPEC keeps output target steadyOil futures rose on Thursday after the Organization of the Petroleum Exporting Countries agreed ...

JUN 15 2012

Crude contrarianism

  • Business Standard, Kevin Allison / 15 June 2012
  • Created:Fri 15th JUN 2012

The worsening crisis in the euro zone and a shaky looking global economy are good reasons to worry about oil demand. But what started as an orderly correction to the crude price in April ...

JUN 15 2012

Car makers fume over oil ministry's diesel tax proposal

  • NDTVProfit, PTI / 15 June 2012
  • Created:Fri 15th JUN 2012

Petroleum Ministry's proposal for levying additional excise of Rs 1.70 lakh-Rs 2.55 lakh on diesel cars and SUVs has raised the hackles of the automobile industry, which is also ...

JUN 15 2012

Petro trade talks deadlock: Pak pushing for better price, says India

  • Business Line, Arun S. / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

Despite the new-found bonhomie, the old habit of mutual distrust seems to be creeping into India-Pakistan talks.The bilateral negotiations on trade in petroleum products ...

JUN 15 2012

Petrol price may be cut by up to 2 a litre today

  • Economic Times, Piyush Pandey / Mumbai, 15 June 2012
  • Created:Fri 15th JUN 2012

Petrol car owners may soon heave a sigh of relief as oil marketing firms are expected to cut petrol prices by up to Rs 2 per litre on Friday due to falling international crude prices. Crude ...

JUN 15 2012

India seeks more oil, gas from producing countries

  • Business Line / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

India has sought more crude oil, LNG, and LPG as well as enhancing mutual cooperation from the producing nations at the 5th OPEC International Seminar in Vienna.The ...

JUN 15 2012

ONGC Tripura project helps unleash investment potential

  • Business Line / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

RECENTLY IN TRIPURA: Unlike the mountainous North, the Southern part of Tripura is made up of smaller mud hills that descend on to the plains bordering ...

JUN 15 2012

Power cos turn to LNG as coal, gas output stagnates

  • Financial Express, Prashant Mukherjee, Subhash Narayan / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

The stagnation in domestic gas and coal production has led to a revival of interest in the liquefied natural gas (LNG) business, despite it being the most expensive fuel for power ...

JUN 15 2012

Gas output from RIL's KG-D6 fields drops to 31.5 mmcmd

  • Business Standard, Press Trust of India / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

High water and sand ingress led to shutting of 8 wells, which led to the dropReliance Industries has reported natural gas output at its eastern offshore ...

JUN 15 2012

A Market for Gas

  • Economic Times, 15 June 2012
  • Created:Fri 15th JUN 2012

Discover efficiency prices to meet growing demand-supply mismatch There is much loud thinking on a new mechanism for pricing natural gas. The growing ...

JUN 15 2012

US spot gas little changed despite soaring futures

  • Reuters, Eileen Houlihan / New York, 15 June 2012
  • Created:Fri 15th JUN 2012

U.S. spot natural gas prices were mostly flat to slightly higher on Thursday, with fairly mild near-term weather expected to only marginally boost airm conditioning demand. But soaring gas ...

JUN 14 2012

Welspun Energy to invest Rs 5,675 cr in wind power projects

  • Business Line, PTI / New Delhi, 14 June 2012
  • Created:Thu 14th JUN 2012

Welspun Energy Ltd today said it will invest Rs 5,675 crore in developing two wind power projects in Karnataka over the next five years.Welspun Energy, a part of $3.5 ...

JUN 14 2012

Wind energy comes into its own

  • Business Line / Chennai, 14 June 2012
  • Created:Thu 14th JUN 2012

The Indian Wind Turbine Manufacturers Association is set to mark the Global Wind Day on Friday with a series of programmes to increase public awareness of the importance of wind ...

JUN 14 2012

Power Exhange India ties up with Korea Power

  • Business Line / Mumbai, 14 June 2012
  • Created:Thu 14th JUN 2012

Power Exchange India Ltd (PXIL) has signed a memorandum of understanding with Korea Power Exchange (KPX) to work together in overseas power markets.PXIL is a joint venture ...

JUN 14 2012

Narayanaswamy favours FDI in nuclear sector

  • Business Line, PTI / New Delhi, 14 June 2012
  • Created:Thu 14th JUN 2012

Keen to ramp up nuclear energy production, the government today favoured allowing foreign direct investment in the atomic power sector, a view that was welcomed by the ...