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MAY 02 2012

Notices to 10 firms including Reliance Power's Sasan, Tata Power, Hindalco for delay in coal block development

  • Economic Times, PTI / New Delhi, 02 May 2012
  • Created:Wed 02nd MAY 2012

Government issued show-cause notices to 10 firms, including Reliance Power's Sasan, Tata Power, Hindalco and Grasim Industries asking reasons for delay in developing coal blocks and ...

MAY 02 2012

Punjab abolishes octroi on petrol, diesel

  • Business Today, Chandigarh / 02 May 2012
  • Created:Wed 02nd MAY 2012

The Punjab government on Monday announced its decision to abolish octroi on petrol and diesel in the state. This will lower prices of the fuel by up to Rs 2.A state ...

MAY 02 2012

Refiner to the world

  • Business Line, 02 May 2012
  • Created:Wed 02nd MAY 2012

India should build on its early bird advantage of having emerged as a major petro-products exporter, and become an even bigger refining hub.That oil is India's No. 1 ...

MAY 02 2012

Trade deficit hits all time high of $184.9 b on soaring oil imports

  • Business Line, Vishwanath Kulkarni / New Delhi, 02 May 2012
  • Created:Wed 02nd MAY 2012

India's trade deficit touched a record high at $184.9 billion for 2011-12 as imports outpaced exports by a huge margin. This higher-than-expected trade deficit is about 10.6 per cent of ...

MAY 02 2012

Gulf Oil has shortlisted a few places for second unit: Hinduja Group

  • Economic Times, PTI / Chennai, 02 May 2012
  • Created:Wed 02nd MAY 2012

Hinduja Group company Gulf Oil has "shortlisted" some locations in the southern states for setting up its second lubricant manufacturing unit in the country, at an ...

MAY 02 2012

BPCL Arm to Raise $140-m ECB for Bina Refinery

  • Economic Times, Rachita Prasad / Mumbai, 02 May 2012
  • Created:Wed 02nd MAY 2012

Bharat Oman Refineries,a company promoted by state-run Bharat Petroleum Corporation with equity participation from Oman Oil Company,is raising $140 million (.737 crore) of external ...

MAY 02 2012

Govt in a bind over Cairn plea to sell crude to RIL refinery in SEZ

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 02 May 2012
  • Created:Wed 02nd MAY 2012

Cairn India has sought government's permission to sell crude oil to Reliance Industries' refinery in the special economic zone (SEZ), putting the oil ministry in a fix because such ...

MAY 02 2012

Insurers to give $50-m cover for Iran oil buy

  • Financial Express, Reuters / New Delhi, 02 May 2012
  • Created:Wed 02nd MAY 2012

Indian government-run insurance companies have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from ...

MAY 01 2012

KERC issues tariff order for 2012-13

  • IEX Bulletin
  • Created:Tue 01st MAY 2012

  Karnataka Electricity Regulatory Commission (KERC) has notified revised electricity tariff for FY 12-13.  ...

MAY 01 2012

Units commissioned in March-12

  • IEX Bulletin May-12
  • Created:Tue 01st MAY 2012

  Karnataka Electricity Regulatory Commission (KERC) has notified revised electricity tariff for FY 12-13.  ...

MAY 01 2012

More worries on BHEL's order inflows

  • Business Line, Vidya Bala / 01 May 2012
  • Created:Tue 01st MAY 2012

The stock of BHEL fell two per cent on Monday, after the Rajasthan Electricity Board scrapped a tender for supply of equipment and commission of plant.While the news may ...

MAY 01 2012

Uttarakhand High Court cancels 2 GVK-L&T deals, awards 1 to Reliance Infrastructure

  • Economic Times, ET Bureau / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

The Uttarakhand High Court has ordered cancellation of two hydropower project contracts of the GVK-L&T consortium and awarded one of them to Reliance Infrastructure ...

MAY 01 2012

Karnataka increases power tariff by average 13 paise/unit

  • Financial Express / Bangalore, 01 May 2012
  • Created:Tue 01st MAY 2012

The Karnataka Electricity Regulatory Commission (KERC) has increased power tariff across all categories by an average 13 paise per unit with immediate effect. This is the fourth such hike in ...

MAY 01 2012

JSW Energy reports 9% rise in Q4 consol profit

  • Economic Times, Rachita Prasad,ET Bureau / Mumbai, 01 May 2012
  • Created:Tue 01st MAY 2012

JSW Energy on Monday reported a modest 9% year-on-year growth in net profit in the fourth quarter of 2011-12 at Rs 225.32 crore, as gains from higher generation in the quarter was partly ...

MAY 01 2012

TN hikes transmission charges

  • Business Line, M.Ramesh / 01 May 2012
  • Created:Tue 01st MAY 2012

The Tamil Nadu Electricity Regulatory Commission has recently permitted the state transmission utility to hike transmission charges, practically tripling them. This is likely to have a big ...

MAY 01 2012

Power sector needs Rs 13.72 lakh crore for 12th Five-Year Plan period: Government

  • Economic Times, PTI / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

The country's power sector requires Rs 13.72 lakh crore in funding for the 12th Five-Year Plan (2012-17), the government said today."The Working Group on ...

MAY 01 2012

‘Time of day tariff' made compulsory for HT consumers

  • Business Line / Bangalore, 01 May 2012
  • Created:Tue 01st MAY 2012

High tension users will now have to pay tariff based on the peak as well as non-peak hours.Called the ‘time of day tariff,' it is aimed at discouraging ...

MAY 01 2012

Energy sector high on India-Japan bilateral initiatives

  • Economic Times, 01 May 2012
  • Created:Tue 01st MAY 2012

To intensify cooperation in energy sector,representatives of India and Japan agreed on scores of initiatives that will ultimately give the required impetus to the energy sector in ...

MAY 01 2012

89 power projects await eco, forest clearance: Govt

  • Business Line, PTI / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

Environment and forest clearance for 89 power projects is pending with the Government, the Lok Sabha was informed today.While 41 power projects are awaiting environment ...

MAY 01 2012

Orient Green sells 21,000 RECs

  • Business Line, M.Ramesh / 01 May 2012
  • Created:Tue 01st MAY 2012

The renewables industry received a pleasant surprise last week when 71,326 ‘renewable energy certificates' were traded on the two exchanges, IEX (62,277) and PXIL (8,949). ...