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JUL 23 2012

GE backs expansion plan amid profit fall

  • Financial Times,Robert Wright / London, 23 July 2012
  • Created:Mon 23rd JUL 2012

General Electric, the largest US industrial group by market capitalisation, said its heavy investments in growth markets were paying off, despite an 18 per cent fall in second quarter net ...

JUL 23 2012

Revive energy panel, fix problems else growth to be impacted: India Inc to PM

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

The Federation of Indian Chambers of Commerce & Industry has termed the country's energy outlook as bleak and warned that it could impact growth if not addressed immediately. ...

JUL 23 2012

AP power utilities draw up plan to ensure seven hour supply to farmers

  • Business Line, Our Bureau / Hyderabad, 23 July 2012
  • Created:Mon 23rd JUL 2012

Power utilities in Andhra Pradesh have drawn out a special programme to ensure seven-hour power supply to farmers.The programme will include development of customised ...

JUL 23 2012

JSW Energy scouts for coal mines overseas

  • Economic Times, PTI / Mumbai, 23 July 2012
  • Created:Mon 23rd JUL 2012

Faced with an acute shortage of domestic coal, JSW Energy, a subsidiary of the JSW Group, is evaluating opportunities to acquire coal assets overseas. "We aim to ...

JUL 23 2012

Maharashtra seeks coal, gas to avoid generation loss

  • Business Standard, Sanjay Jog / Mumbai, 23 July 2012
  • Created:Mon 23rd JUL 2012

Maharashtra has made a fresh appeal to the Centre for the availability of adequate coal and gas to keep the power plants running in order to meet the rising demand, especially in view of ...

JUL 23 2012

Undue favours to 12 firms in coal blocks: CBI

  • Mint, Sahil Makkar / 23 July 2012
  • Created:Mon 23rd JUL 2012

The agency is likely to complete preliminary investigations into the Jharkhand, Chhattisgarh firms by end of AugustThe Central Bureau of Investigation ...

JUL 23 2012

Coal Ministry invites EoI to unearth reserves below mega projects

  • Economic Times, PTI / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

Fearing huge coal reserves would go unexploited in areas where mega infrastructure projects have come up or being planned, the Coal Ministry has invited applications from companies for ...

JUL 23 2012

Coal pricing: Power ministry agrees for pooling, PMO clearance awaited

  • Economic Times, Debjoy Sengupta, ET Bureau / Kolkata, 23 July 2012
  • Created:Mon 23rd JUL 2012

The ministry of power has agreed to the model for price pooling of coal proposed by the coal ministry to even out the impact of pricey imported fuel on power generation. A senior executive ...

JUL 23 2012

Govt should end CIL monopoly: M Govinda Rao

  • Business Standard, Santosh Tiwari / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

Interview with Member, PMEACMember of the prime minister’s economic advisory council, M Govinda Rao, wants the government to take steps to ...

JUL 23 2012

ONGC blames BHEL for delay in projects, inefficient commissioning

  • Business Line, Siddhartha P. Saikia, Richa Mishra / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

BHEL cites logistics issue and other problems that it cannot heLP BEHIND SCHEDULEUnit Commissioning ...

JUL 23 2012

Cairn India: Vedanta seeks PM's intervention in Rajasthan block exploration

  • Business Line, PTI / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

Vedanta Resources Chairman Mr Anil Agarwal has sought Prime Minister Dr Manmohan Singh’s intervention so that his group firm Cairn India is allowed to explore oil in the prolific ...

JUL 23 2012

Sistema puts Imperial value at $500 mn

  • Mint, Utpal Bhaskar / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

Amount is a quarter of the sum ONGC paid for the explorer in 2009 in its most expensive overseas acquisitionRussian conglomerate Sistema JSFC has valued ...

JUL 23 2012

Crude oil, petro products, alcohol may come under goods, services tax

  • Business Line, Shishir Sinha / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

Move will require Constitutional amendmentThe Centre may accommodate States’ revised stand to bring crude oil, petroleum products and alcohol ...

JUL 23 2012

Oil drops for first time in 8 days on European debt

  • Economic Times, Bloomberg / New York, 23July 2012
  • Created:Mon 23rd JUL 2012

Oil fell for the first time in eight days on concern that European governments aren't doing enough to contain the worsening debt crisis, raising speculation that demand will ...

JUL 23 2012

Delay in diesel price hike could make fiscal defict target hard to achieve

  • Economic Times, Deepshikha Sikarwar & Vinay Pandey, ET Bureau / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

Worry lines have begun to deepen on the foreheads of North Block mandarins, just four months into the new fiscal. The officials are worried that the fiscal deficit target ...

JUL 23 2012

Diesel price increase on the cards

  • Business Line, Our New Delhi Bureau / 23 July 2012
  • Created:Mon 23rd JUL 2012

With presidential elections over and Mr Pranab Mukherjee set to occupy the 340-room Rashtrapati Bhavan after taking oath on Wednesday, one can expect some policy actions to emanate from the ...

JUL 23 2012

ONGC targets 55m units of gas by 2016; hopes to finalise equity deal by month end

  • Economic Times, Shuchi Srivastava, ET Bureau/ Mumbai,23July 2012
  • Created:Mon 23rd JUL 2012

The country's largest state-run energy explorer Oil & Natural Gas Corporation (ONGC) is betting big on its gas acreages in the Krishna-Godavri basin, Daman and the Mahanadi ...

JUL 23 2012

Will the govt learn from KG-D6?

  • Business Standard, Devangshu Datta / New Delhi, 23 July 2012
  • Created:Mon 23rd JUL 2012

Since valuations of energy companies are low, any sensible policy movement could revive stock pricesThe controversy over the KGD6 block has come to a ...

JUL 23 2012

Charotar Gas gets conditional approval to continue operations

  • Mint / 23 July 2012
  • Created:Mon 23rd JUL 2012

India’s first and only city gas distribution firm run on the lines of a cooperative has received conditional approval from the Petroleum and Natural Gas Regulatory Board (PGNRB) to ...

JUL 21 2012

Andhra Pradesh discoms get bids at over Rs 5/unit

  • Business Line, S. Shanker / Mumbai, 21 July 2012
  • Created:Sat 21st JUL 2012

The supply period is between June 16, 2013 and June 15, 2016 and the quantity sought about 2000 MW.The bids called by Andhra Pradesh Central Power ...