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JUN 28 2012

West Bengal Govt seeks to end rural electrification deal with NHPC

  • Business Line, Our Bureau / Kolkata, 28 June 2012
  • Created:Thu 28th JUN 2012

The West Bengal Government has sought the termination of NHPC (formerly known as the National Hydro Power Corporation) as an implementing agency for the rural electrification project at the ...

JUN 28 2012

KSEB fears power crisis if monsoon fails to intensify

  • Business Line, G.K. Nair / Kochi, 28 June 2012
  • Created:Thu 28th JUN 2012

Kerala might land in a serious power crisis if the southwest monsoon failed to intensify in the coming days. Storage levels in major reservoirs have dropped drastically to below 12 per cent ...

JUN 28 2012

Chennai Port looks windward for more power

  • Business Line, T.E. Raja Simhan / Chennai, 28 June 2012
  • Created:Thu 28th JUN 2012

Chennai Port Trust wants to put up windmills in the port’s breakwaters. Though in the concept stage, if the project succeeds, it could be the first in the country. A similar array ...

JUN 28 2012

NTPC agrees to sign fuel supply pact with CIL

  • Economic Times, PTI / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

State-run NTPC today said it would abide by the Prime Minister's Office directive of signing the fuel supply agreement with Coal India at a minimum assured supply of 65 per cent. ...

JUN 28 2012

No respite in sight for BHEL

  • Business Standard, Priya Kansara Pandya / Mumbai, 28 June 2012
  • Created:Thu 28th JUN 2012

Analysts see a possibility of further de-rating of the stock due to worsening business conditions. Thus, the going for the planned follow-on public offer might not be ...

JUN 28 2012

BSE Sensex gains on power utilities, infrastructure

  • Business Standard, Reuters / Mumbai, Mumbai, 28 June 2012
  • Created:Thu 28th JUN 2012

Sentiment was also boosted after Deutsche Bank upgraded Indian stocks to "overweight" from "neutralThe BSE Sensex rose on ...

JUN 28 2012

Wartsila India to add 500 MW power in O&M division

  • Economic Times / Chennai, 28 June 2012
  • Created:Thu 28th JUN 2012

Energy and marine power solutions company Wartsila India Ltd. will shortly beef up its operations and maintenance (O&M) portfolio by adding another 500 MW capacity, taking the ...

JUN 28 2012

Regulatory issues impacting power industry in India: Essar Energy

  • Economic Times, Shuchi Srivastava, ET Bureau / Mumbai, 28 June 2012
  • Created:Thu 28th JUN 2012

London-listed Essar Energy says that regulatory and coal supply issues have impacted the entire power industry in India. The company said it commenced commercial operations at Salaya I (unit ...

JUN 28 2012

PSUs to tell boards what govt diktats cost

  • Financial Express, Subhash Narayan, Ashish Sinha / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

Presidential directives of the kind sent to Coal India (CIL), asking it to sign fuel supply agreements even if they severely dent its bottom line, may soon be a thing of the past, if the ...

JUN 28 2012

Prime Minister's Office asks Coal Ministry to give de-allocated mines to CIL

  • Economic Times, PTI / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

The Prime Minister's Office (PMO) has asked the Coal Ministry to fast-track the process of taking back the coal blocks from private firms which have not developed them and giving the ...

JUN 28 2012

Coal Set for Worst Rout Since Post-Lehman Slump: Energy Markets

  • Financial Express, Bloomberg / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

Coal for power stations is headed for its worst quarter in more than three years as China’s slowing economy tempers demand for electricity amid brimming stockpiles and increased ...

JUN 28 2012

Fourth quarter could see oil prices inching up: Amrita Sen

  • Business Standard, Malini Bhupta / Mumbai, 28 June 2012
  • Created:Thu 28th JUN 2012

Crude oil has fallen sharply in June, but the jury is out on whether this is just a temporary relief. Amrita Sen, oil analyst at Barclays, London, talks about the factors that drive crude ...

JUN 28 2012

PM’s oil opportunity

  • Financial Express / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

With prime minister Manmohan Singh going to look after the finance portfolio himself–meetings are on to figure out how to streamline paperwork while involving both PMEAC chairman C ...

JUN 28 2012

Oil cos may cut petrol rates by Rs 4 a litre next month

  • Economic Times, PTI / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

Petrol price may be cut by as much as Rs 4 a litre from July 1 as international oil prices fell to their lowest level since December 2010. State-owned oil firms, which had ...

JUN 28 2012

India to benefit from fall in oil prices: Economist group

  • Economic Times, PTI / Singapore, 28 June 2012
  • Created:Thu 28th JUN 2012

The fall in global crude oil prices will help Asian economies, especially India and Thailand the most, a Singapore based economic analyst group said today. Oil prices were ...

JUN 28 2012

Fuel price reforms likely after presidential polls

  • Economic Times, Rajeev Jayaswal & Deepshikha Sikrawar / ET Bureau, 28 June 2012
  • Created:Thu 28th JUN 2012

The government is working out a new package of reform-oriented measures to guide the oil sector out of the policy quagmire and whimsical fuel pricing that has raised subsidies and upset the ...

JUN 28 2012

Panna-Mukta and Tapti fields output hit 500 m barrel mark

  • Business Lne, Our Bureau / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

The Panna-Mukta and Tapti joint venture on Wednesday said it has achieved production of 500 million barrels of oil equivalent (mmboe) from the Panna-Mukta and Tapti fields. This was achieved ...

JUN 28 2012

Crude futures up at Rs 4,600 per barrel

  • Business Line, PTI / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

Crude oil futures prices rose 0.52 per cent to Rs 4,600 per barrel today as speculators enlarged their positions following a firming global trend.At the Multi Commodity ...

JUN 28 2012

Revise diesel price by no more than Re 1 at a time, says panel

  • Business Line, Our Bureau / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

Declare subsidy upfront; give sops to private refiners tooA fortnightly or monthly revision in diesel prices by only Re 1 a litre in tandem with ...

JUN 28 2012

Refiners import 5.8% more crude oil in May y-o-y; diesel consumption up 9%

  • Business Line, Richa Mishra / New Delhi, 28 June 2012
  • Created:Thu 28th JUN 2012

The country's dependence on crude oil and gas imports grew as refiners expanded capacity and there was no immediate indication of increase in domestic ...