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MAY 16 2012

Oil hits 5-month low of $94 per barrel

  • Business Line, PTI / Singapore, 16 May 2012
  • Created:Wed 16th MAY 2012

Oil prices fell to near $94 a barrel today in Asia, extending a two-week sell-off that has brought crude to a five-month low amid concerns over Europe’s debt ...

MAY 16 2012

GoM accepted Chawla committee report

  • Business Standard, PTI / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

The group of ministers (GoM) has accepted the Ashok Chawla committee's recommendation suggesting distancing the administrative ministry from the appointment and removal of regulators in ...

MAY 16 2012

ONGC Videsh 2011/12 output down 7.35 pc y/y

  • Economic Times, Reuters / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Oil and Natural Gas Corp produced 7.35 per cent less oil and oil equivalent gas from its foreign assets in 2011/12 from a year ago due to the difficult geo-political situation in Syria and ...

MAY 16 2012

Looming threats

  • Financial Express / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Challenges in sourcing and financing crudeIndia could face serious external and internal challenges in sourcing and financing its crude oil imports in ...

MAY 16 2012

India cuts crude oil import from Iran by 11% to 15.5 mt

  • Financial Express, PTI / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Government on Tuesday disclosed in Parliament that the target for India’s crude imports from Iran has been reduced by 11% this financial year to 15.5 million tonne, a statement ...

MAY 16 2012

Smooth sail ahead for supertankers

  • Financial Express, Bloomberg, Isaac Amsdorf / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Atlantic-to-Asia business raises VLCC earnings by 81%this yearThe biggest hedge fund in shipping is turning bullish on the largest oil tankers for the ...

MAY 16 2012

Knowledge for RIL

  • Economic Times / 16 May 2012
  • Created:Wed 16th MAY 2012

RIL needs to step up research and development to consolidate its growth Reliance Industries (RIL) seems to be on a sticky wicket, appearance running ...

MAY 16 2012

BPCL, Videocon up on Mozambique gas discovery

  • Economic Times, Reuters / 16 May 2012
  • Created:Wed 16th MAY 2012

India's Bharat Petroleum Corporation gains 2.3 per cent, Videocon Industries adds 1.25 per cent after partner Anadarko Petroleum Corp 's says discovers major new gas field in ...

MAY 16 2012

GAIL, Oil India among 11 cos bidding for stake in Reliance Gas

  • Business Line, PTI / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Eleven firms including state-run GAIL (India) and Oil India have bid to buy stake in billionaire Mukesh Ambani’s privately owned firm Reliance Gas Transportation Infrastructure ...

MAY 16 2012

Adani hikes CNG prices

  • Business Standard, BS Reporter / Mumbai, Ahmedabad, 16 May 2012
  • Created:Wed 16th MAY 2012

Adani Gas Ltd, a subsidiary of Adani Enterprises Ltd has increased prices of compressed natural gas (CNG) and natural gas for industrial consumers with effect from midnight of May 15, 2012, ...

MAY 16 2012

Yet another blow?

  • Financial Express, Noor Mohammad / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

D6 gas price revision move faces opposition from power producersThe government is planning to revise natural gas price for RIL’s D6 block in the KG basin ahead ...

MAY 15 2012

BHEL bags Rs 380 cr order for gas-based plant in Rajasthan

  • Business Line, PTI / New Delhi, 15 May 2012
  • Created:Tue 15th MAY 2012

State-owned BHEL today said it has bagged Rs 380 crore order for setting up a 160 MW gas-based plant in Rajasthan.BHEL has secured a contract for setting up a 160 MW ...

MAY 15 2012

NPCIL to insure nuclear assets

  • Business Standard, Shaikh Zoaib Saleem / New Delhi, 15 May 2012
  • Created:Tue 15th MAY 2012

Nuclear Power Corporation of India Ltd (NPCIL) has proposed to insure its nuclear assets, including the ‘nuclear island’ that holds core reactors.It ...

MAY 15 2012

Monnet Ispat and Energy reports 21.69 per cent growth in fourth quarter

  • Economic Times, ET Bureau / New Delhi, 15 May 2012
  • Created:Tue 15th MAY 2012

Monnet Ispat and Energy reported a 21.69% growth in fourth quarter turnover, with sales of Rs 586.05 crore, compared to the same quarter the previous year. Net profits at Rs 83.09 crore were ...

MAY 15 2012

‘AP has potential to add 1,000 mw of wind power’

  • Business Line, V. Rishi Kumar / Hyderabad, 15 May 2012
  • Created:Tue 15th MAY 2012

Andhra Pradesh has potential to add 1,000 mw per annum of wind power projects but some local issues are holding up their implementation, according to Mr. K. Kasthoori Rangaian, Chairman of ...

MAY 15 2012

85,000 MW capacity addition planned for 12th Plan period: Govt

  • Business Line, Press Trust of India / New Delhi, 15 May 2012
  • Created:Tue 15th MAY 2012

The projected power demand of 1,354.87 billion units by 2017 will be met as 85,000 MW capacity addition is planned during the 12th Plan, the Rajya Sabha was informed ...

MAY 15 2012

Renewable Energy Corp gets ‘Top Brand PV’ seal

  • Business Line, Shobha Roy / Kolkata, 15 May 2012
  • Created:Tue 15th MAY 2012

Renewable Energy Corporation was awarded the “Top Brand PV” seal by EuPD Research.The company has also been named the number one European supplier of ...

MAY 15 2012

Madhucon Projects Q4 net down

  • Business Line, Our Bureau / Hyderabad, 15 May 2012
  • Created:Tue 15th MAY 2012

Madhucon Projects Ltd has posted a lower net profit of Rs 14.95 crore for the fourth quarter ended March 31, against Rs 19.29 crore for the corresponding quarter last year. The ...

MAY 15 2012

Adani Power posts net loss of Rs 290 cr for Q4

  • Economic Times, 15 May 2012
  • Created:Tue 15th MAY 2012

Adani Power posted a net loss of Rs 290.16 crore for the quarter ended March 31, 2012, compared to a net profit of Rs 174.32 crore for the quarter ended March 31, 2011. Total income ...

MAY 15 2012

CIL told to Adopt New FSAs for Upcoming Plants

  • Economic Times, Debjoy Sengupta /Kolkata, 15 May 2012
  • Created:Tue 15th MAY 2012

The coal ministry has asked Coal India to sign the new format fuel supply agreements with power units coming up between January 2012 and March 2015.The directive came in response to a ...