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SEP 27 2012

Pay up for illegal power use, Orissa tells Vedanta

  • Financial Express, Dilip Bisoi / Bhubaneswar, 27 September 2012
  • Created:Thu 27th SEP 2012

The Orissa Electricity Regulatory Commission has directed Vedanta Aluminium to pay R15 crore to Wesco, the Reliance Infra-owned and licensed distribution company, for ...

SEP 27 2012

Companies made fraudulent claims to get coal blocks: CBI

  • Business Line, PTI / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

The CBI has alleged that some companies which were allotted coal blocks between 2006 and 2009 had "misrepresented facts and made "fraudulent claims to "embellish ...

SEP 27 2012

Coking coal prices to rise on China stimulus, BHP output cut

  • Business Standard, Jayajit Dash / Bhubaneswar, 27 September 2012
  • Created:Thu 27th SEP 2012

Meanwhile, the production cut planned by BHP is likely to have a significant bearing on Indian consumersThe recent stimulus package announced by China to give a push to ...

SEP 27 2012

Power Ministry to stay away from CILs internal matter

  • Business Line, Siddhartha P Saikia / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

Agreeing to the CEA proposal would result in supplying subsidised imported coal to power companies, which is not legal.The Power Ministry is refusing to get involved in ...

SEP 27 2012

Coal auction policy needs weight

  • Economic Times, Jaideep Mishra / 27 September 2012
  • Created:Thu 27th SEP 2012

There seems much policy play in coal, our main fuel mineral. But the moves appear mostly backward-looking, to probe and vet the very process of allocation of captive coal blocks in the last ...

SEP 27 2012

Coal Min to PAC: CAGs claim on gains to private players flawed

  • Business Line, PTI / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

The Coal Ministry has contested before the Public Accounts Committee (PAC) the Comptroller and Auditor Generals (CAG) calculation that coal block allocation led to financial gains to the ...

SEP 27 2012

Single-window clearance mechanism on cards to speed up development of coal blocks

  • Economic Times, Sarita C Singh, ET Bureau / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

The government will discuss setting up a single-window clearance mechanism on the lines of the Foreign Investment Promotion Board (FIPB) for coal blocks to expedite their development - a ...

SEP 27 2012

Coal India notifies new supply pact with power companies

  • Economic Times, ET Bureau / Kolkata, 27 September 2012
  • Created:Thu 27th SEP 2012

Coal India, the world's largest coal miner, will reduce the proportion of imported coal in its committed fuel supply to power producers from 15 per cent this fiscal to 5 per cent in ...

SEP 27 2012

Coal imports may fall as industrial output stagnates

  • Mint, Ruchira Singh / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

Stagnating industrial production and slow growth in power generation could curb demand, say expertsIndias coal imports in the year to 31 March may fall as stagnating ...

SEP 27 2012

Government plans to meet key demand of RIL, BG and Cairn India; may restrict CAGs scrutiny

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

The government plans to restrict CAG's scrutiny of private oil and gas fields to financial matters instead of a full-fledged performance audit, meeting a key demand of companies such as ...

SEP 27 2012

Petroleum dealers threaten to work only for eight hours a day from Oct 15

  • Business Line, PTI / Chennai, 27 September 2012
  • Created:Thu 27th SEP 2012

Over 70,000 petrol pumps across the country would function only for eight hours a day from October 15 if the demands including higher dealers commission were not met by the oil companies by ...

SEP 27 2012

China may import more crude oil as August inventories drop sharply

  • Economic Times, Reuters / 27 September 2012
  • Created:Thu 27th SEP 2012

China may import more crude or refined products in the next few months, after official figures showed a sharp drop in oil and fuel inventories in August.China's ...

SEP 27 2012

Haldia Petrochemicals on brink of loan default

  • Mint, Romita Datta / Kolkata, 27 September 2012
  • Created:Thu 27th SEP 2012

Firms management says it doesnt have the Rs.133 crore needed by 30 September to pay insurer and lendersThe West Bengal government-controlled Haldia Petrochemicals Ltd ...

SEP 27 2012

Oil could be well, finally

  • Financial Express / 27 September 2012
  • Created:Thu 27th SEP 2012

As it turns out, it could be in consumers interests if diesel prices join petrol prices in being decontrolled, that is, being pegged to world prices instead of being artificially regulated ...

SEP 27 2012

Oil India plans investment arm to buy assets overseas

  • Business Line, Richa Mishra / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

Will approach board for approval to set up OIL InternationalNo longer wanting to play a second fiddle to ONGC, Oil India Ltd (OIL) is planning an overseas investment arm ...

SEP 27 2012

GSPC raises Rs.3,000 cr through bond markets to meet capex needs

  • Financial Express, PTI / Ahmedabad, 27 September 2012
  • Created:Thu 27th SEP 2012

Gujarat State Petroleum Corporation (GSPC) has raised R3,000 crore through the bond market for meeting the capital expenditure requirement.The proceeds from the bond ...

SEP 27 2012

Brent crude falls to $110 on doubts over US economic stimulus

  • Business Line, PTI / Singapore, 27 September 2012
  • Created:Thu 27th SEP 2012

Crude fell in Asia today as doubts over the efficacy of fresh US economic stimulus surfaced following comments from a top Federal Reserve official, analysts said.New Yorks ...

SEP 27 2012

RIL signs 15-year oil contract with Venezuelas PDVSA

  • Financial Express, HumaSiddiqui, Prashant Mukherjee / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

Reliance is expected to source ultra heavy crude from the Orinoco oil beltThe countrys largest private oil and gas explorer, Reliance Industries, signed a 15-year oil ...

SEP 27 2012

Without subsidy, domestic LPG to cost over Rs 750 a cylinder

  • Business Line, Richa Mishra / New Delhi, 27 September 2012
  • Created:Thu 27th SEP 2012

If you have exhausted your quota of remaining three subsidised cylinders before March 2013, get ready to pay over Rs 750 a cylinder.On September 13, the Government had ...

SEP 27 2012

GMR to commission two power projects next month

  • Business Standard, B Dasarath Reddy / Hyderabad
  • Created:Thu 27th SEP 2012

If you have exhausted your quota of remaining three subsidised cylinders before March 2013, get ready to pay over Rs 750 a cylinder.On September 13, the Government had ...