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SEP 20 2012

BHEL order book swells to over Rs 1.35 lakh cr

  • Economic Times, PTI / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

State-run power equipment maker BHELBSE -3.02 % today said its order book, to be executed this fiscal and beyond, has swelled to Rs 1,35,300 crore."Orders worth ...

SEP 20 2012

IMG axe on three more coal blocks

  • Business Standard, BS Reporter / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

The blocks facing action are part of the 29 under the IMG scannerThe Inter-Ministerial Group (IMG) reviewing the controversial allotment of coal blocks for captive mining ...

SEP 20 2012

Deallocation of JSW coal block: Street unperturbed

  • Business Standard, Ujjval Jauhari / Mumbai, 20 September 2012
  • Created:Thu 20th SEP 2012

However, the move did not have any impact on the JSW stockAmid the alleged irregularities in the allocation of coal blocks taking their toll, on Monday, JSW Steel joined ...

SEP 20 2012

NMDC in talks with 2 firms to buy assets in Mozambique, Russia

  • Economic Times, PTI / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

State-owned iron ore miner NMDC is in talks with two coking coal firms, once each from Mozambique and Russia, for acquiring stakes in them. Of this, Sol Mineracao ...

SEP 20 2012

BP in talks to sell Texas City refinery

  • Ft.com, Guy Chazan and Anousha Sakoui / 20 September 2012
  • Created:Thu 20th SEP 2012

BP has held talks to sell its Texas City refinery to Marathon Petroleum, according to people familiar with the matter, the latest stage of a big asset disposal plan to cover the costs of the ...

SEP 20 2012

Government invites bids from bankers for stake sale in OIL India

  • Business Line, PTI / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

The Department of Disinvestment has invited bids from merchant bankers for divesting the Government stake further in petroleum exploring company OIL India.The Government ...

SEP 20 2012

Age norms for vessels: Shipping firms force a rethink on ONGC

  • Business Standard, Ruchika Chitravanshi & Jyoti Mukul / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

Discrepancy explains why non-productive time of ONGC rigs was 19%, against global norm of 5%Oil and Natural Gas Corporation (ONGC), recently pulled up by the Comptroller ...

SEP 20 2012

Rolling back excise on diesel to deal Rs 6,000-cr blow

  • Business Standard, Vrishti Beniwal / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

The finance ministry is considering whether it can lower the excise dutyThe government would take a hit of about Rs 6,000 crore this year if it rolls back the excise duty ...

SEP 20 2012

Cairn seeks consent to sell crude oil to Reliance’s SEZ unit

  • Business Line, PTI / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

Cairn India has once again sought permission to sell its Rajasthan crude oil to Reliance Industries’ SEZ refinery at Jamnagar to ensure uninterrupted production from the prolific ...

SEP 20 2012

LPG bottling plant of IOC in Kochi resumes operations

  • Business Line, Our Bureau / Kochi, 20 September 2012
  • Created:Thu 20th SEP 2012

The LPG bottling plant of Indian Oil at Udayamperur in Kochi has resumed operations from second shift of Wednesday. This follows the clearance received from Deputy Chief Controller of ...

SEP 20 2012

State subsidy on LPG cylinders not a good idea: OMCs

  • Business Standard, Ajay Modi / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

Securing timely payment from states against sale of subsidised cylinders beyond six would be a challengeOil marketing companies (OMCs) are wary of the populist step of ...

SEP 20 2012

ONGC plans to ramp up natural gas production by over 7 mmscmd

  • Business Standard, Press Trust of India / New Delhi, 20 September 2012
  • Created:Thu 20th SEP 2012

It currently produces about 55 mmscmd of gasState-owned Oil and Natural Gas Corp (ONGC) plans to raise natural gas production by over 7.22 million standard cubic metres ...

SEP 20 2012

NHAI reforms to help step up contract awards: Lanco Infra

  • Business Line
  • Created:Thu 20th SEP 2012

  Lanco Infratech Ltd today said the reforms brought about by the National Highway Authority of India will present the next major opportunity for infrastructure ...

SEP 19 2012

Suzlon seeks 4-month extension for FCCBs

  • Business Line, Our Bureau / Mumbai, 19 September 2012
  • Created:Wed 19th SEP 2012

The Suzlon Group has requested foreign currency convertible bondholders a four-month extension. The FCCBs are due for conversion in October. FCCBs are a type of bond issued in foreign ...

SEP 19 2012

Gamesa gets 30 MW order from Indo Rama Renewables

  • Business Line, Our Bureau / Chennai, 19 September 2012
  • Created:Wed 19th SEP 2012

Gamesa Wind Turbines Pvt Ltd will supply 30 MW of wind energy generators to Indo Rama Renewables, a subsidiary of Indo Rama Synthetics (I) Ltd.This marks the entry of Indo ...

SEP 19 2012

‘AP industry faces 70% total power cut’

  • Business Line, Our Bureau / Hyderabad, 19 September 2012
  • Created:Wed 19th SEP 2012

Industry in Andhra Pradesh is now facing a total power cut of 70 per cent. This is totally detrimental to the health of the industry, said the Federation of Andhra Pradesh Chambers of ...

SEP 19 2012

Anti-nuke protesters plan to intensify stir

  • Business Line, PTI / Kudankulam, 19 September 2012
  • Created:Wed 19th SEP 2012

After a lull, anti-nuclear activists against Kudankulam Nuclear Power Project are planning to intensify their stir and take a decision tomorrow on laying siege to the plant, demanding a halt ...

SEP 19 2012

Udayakumar says people will lay siege to Kudankulam plant

  • Business Standard, BS Reporter / New Delhi, 19 September 2012
  • Created:Wed 19th SEP 2012

S P Udayakumar, coordinator of the People's Movement Against Nuclear Energy (PMANE), who had gone underground on September 11, resurfaced in Koothankuli village in Tamil Nadu today and ...

SEP 19 2012

'Cabinet to take up power discom debt restructure in 3 weeks'

  • Business Standard, BS Reporter / Mumbai, 19 September 2012
  • Created:Wed 19th SEP 2012

CAG report on irregularities in coal block allocations not to impact 12th Plan capacity addition targetAfter a slew of announcements to pep investment sentiment, the Union ...

SEP 19 2012

Investment failure is showing

  • Financial Express, Prodipto Ghosh / 19 September 2012
  • Created:Wed 19th SEP 2012

Essential to build political consensus on a core set of reformsThe spectacular electricity grid failures in late July 2012 focused global attention on India’s ...