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MAY 23 2012

RIL to abandon Mahanadi basin block over low gas price

  • Zeenews, PTI / New Delhi, 23 May 2012
  • Created:Wed 23rd MAY 2012

Reliance Industries has decided to give back a Mahanadi basin deepsea block D4 due to natural gas discoveries not being viable to produce at current subdued domestic ...

MAY 23 2012

CBI to consult Attorney General on case against former DGH, RIL official

  • Economic Times, Rohini Singh, ET Bureau / New Delhi, 23 May 2012
  • Created:Wed 23rd MAY 2012

The Central Bureau of Investigations (CBI) will seek the Attorney General's opinion on whether the agency can proceed against former director general of hydrocarbons VK Sibal and ...

MAY 23 2012

Despite uncertain output, DGH asked RIL to build bigger facility

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 23 May 2012
  • Created:Wed 23rd MAY 2012

Reliance Industries, which has been slapped $1 billion notice for creating over-capacity at the KG-D6 block, had been formally directed by the oil ministry's technical arm in 2006 to ...

MAY 23 2012

Reliance Industries Limited to boost refining margins

  • Economic Times, ET Bureau / Mumbai, 23 May 2012
  • Created:Wed 23rd MAY 2012

Reliance Industries Limited (RIL) will boost refining margins by $3 a barrel in three to four years from it $4-billion investment to build one of the world's largest gasification ...

MAY 23 2012

RIL selects Phillips 66's E-Gas Technology

  • Business Line, Our Bureau / Ahmedabadi, 23 May 2012
  • Created:Wed 23rd MAY 2012

Reliance Industries Ltd (RIL) on Tuesday announced it has selected Phillips 66’s E-Gas technology for its planned gasification plants at Jamnagar in ...

MAY 23 2012

Govt gets tough with another Mukesh firm for gas pipeline delays

  • Business Standard, Jyoti Mukul & Ajay Modi / New Delhi, 23 May 2012
  • Created:Wed 23rd MAY 2012

After taking a tough stand on cost recovery by the Mukesh Ambani-led Reliance Industries Ltd (RIL), the government is cracking the whip on another company promoted by him, Reliance Gas ...

MAY 23 2012

India to sign Tapi pact today

  • Business Standard, PTI / New Delhi, 23 May 2012
  • Created:Wed 23rd MAY 2012

India will sign a long-awaited agreement to buy natural gas from Turkmenistan through an ambitious US-based pipeline that would cross Afghanistan and Pakistan on Wednesday. Oil minister S ...

MAY 22 2012

Open access: State power regulators for more views

  • Business Standard, Sanjay Jog / Mumbai, 22 May 2012
  • Created:Tue 22nd MAY 2012

Maharashtra regulator starts proceedings for stakeholders' opinionState Electricity Regulatory Commissions (SERCs) want to be very cautious before ...

MAY 22 2012

Rajasthan model for power discoms' debt recast

  • Business Standard, Abhijit Lele / Mumbai, 22 May 2012
  • Created:Tue 22nd MAY 2012

Hard bargain includes regular rate rises, bank escrow a/cs, cash flow for repayment, transmission loss targets & govt guaranteesBanks are to use ...

MAY 22 2012

Bhel bags contract for 1,320-MW Solapur power project

  • Business Standard, PTI / New Delhi, 22 May 2012
  • Created:Tue 22nd MAY 2012

Company's scope of work in the contract involves design, engineering, manufacture, supply, and erection and commissioning of the complete ...

MAY 22 2012

Power Finance Corp to open 1.5-bn-rupee bond issue on Tuesday

  • Economic Times, Reuters / 22 May 2012
  • Created:Tue 22nd MAY 2012

Power Finance Corporation has invited bids from Tuesday for an at least 1.5 billion rupee ($27.54 million), dual-tranche bond issue, a term sheet seen by Reuters ...

MAY 22 2012

ABB bags Rs 175 crore NTPC order

  • Economic Times, Sarita C Singh, ET Bureau / New Delhi, 22 May 2012
  • Created:Tue 22nd MAY 2012

ABB Ltd on Monday said it has won Rs 175 crore order from NTPC Ltd to build two substations in Maharashtra. The substations will facilitate transmission of electricity from new power ...

MAY 22 2012

Reactor Pressure Vessel opened in Kudankulam Nuclear Power Plant

  • Economic Times / Chennai, 22 May 2012
  • Created:Tue 22nd MAY 2012

The Kudankulam Nuclear Power Plant today achieved an important milestone when the Reactor Pressure Vessel was unsealed paving the way for removal of dummy fuel and inspection of the vessel, ...

MAY 22 2012

Expect Bhutans winter time import of power from India to increase till 2016

  • Economic Times, Debasis Sarkar, ET Bureau / Siliguri, 22 May 2012
  • Created:Tue 22nd MAY 2012

Hydropower major Bhutan's winter time import of power from India is expected to increase significantly till 2016. Water resources rich Himalayan country Bhutan itself needs power from ...

MAY 22 2012

NTPC, Coal India to sign fuel supply pacts on 2009 terms

  • Business Line, Siddhartha P. Saikia, Richa Mishra / 22 May 2012
  • Created:Tue 22nd MAY 2012

The NTPC and Coal India have agreed to sign new fuel supply agreements (FSA) on 2009 terms. The only change is the trigger level, which has been scaled down to 80 per cent from 90 per cent, ...

MAY 22 2012

CIL asked to sign supply pact with NTPC for 750 MW Assam project

  • Economic Times, PTI / New Delhi, 22 May 2012
  • Created:Tue 22nd MAY 2012

Coal India has been asked to sign fuel supply agreement with NTPC for 750 MW power plant in Assam, Minister of State for Coal Pratik Prakashbapu Patil has said. ...

MAY 22 2012

Lanco says power plant to shut down if gas supplies dwindle

  • Mint, PTI / New Delhi, 22 May 2012
  • Created:Tue 22nd MAY 2012

Seeking Chatterjis personal intervention, Lanco said pro-rata reduction in supplies should apply on all consumers including fertiliser plants till KG-D6 gas supplies ...

MAY 22 2012

We want to bring captive users into mainstream power business: PTC chief

  • Business Line, Richa Mishra, Siddhartha P. Saikia / New Delhi, 22 May 2012
  • Created:Tue 22nd MAY 2012

Will endeavour to maintain leadership position in the short-term trading market, says PTC chiefIn the power business, industry and captive capacities ...

MAY 22 2012

Adani Enterprises net down 25% in FY12

  • Busiess Line, Virendra Pandit / Ahmedabad, 22 May 2012
  • Created:Tue 22nd MAY 2012

Adani Enterprises Ltd (AEL), the flagship company of Adani Group, on Monday said its net profit declined by 25% in the financial year 2011-12, and by 66% in the fourth quarter, both ended ...

MAY 22 2012

Merger of BHPV: BHEL scouts for legal consultant

  • Business Line, PTI / New Delhi, 22 May 2012
  • Created:Tue 22nd MAY 2012

The State-owned utility BHEL is scouting for a legal consultant for its proposed merger with Bharat Heavy Plate and Vessels."BHEL intends to engage a law firm for ...