11623 stories by IPA Staff
Coal Minister To Issue Show Cause Notices To 58 Block Allocatees
NEW DELHI: The government today said it has decided to issue show-cause notices for deallocation to allocatees of 58 coal blocks for sitting idle on captive mines. The decision was taken by a review panel headed by Coal Additional Secretary Zohra Chatterji. “The committee has given its recommendations and...
Suzlon Refutes Talk Of Alstom Eyeing Repower Systems
MUMBAI: Indian wind turbine major Suzlon Energy refuted media reports that French engineering conglomerate Alstom SA is evaluating a potential offer to acquire its subsidiary REpower Systems, saying it was “entirely speculative”. Shares of Suzlon Energy soared 5% to an intra-day high of Rs 30.75 on a report in...
Wind Mill Owners To Try Novel Approach To Power Trading
CHENNAI: Windmill owners are considering partnering directly with wind energy consumers to facilitate power trading and get around power supply restrictions. The Tamil Nadu Spinning Mills Association (TASMA) along with its members is likely to float a special purpose vehicle (SPV) in which the windmill owners and power consumers...
Tata Power, SN Power Group To Buy Stake In Sarda Energy’s Project
NEW DELHI: A consortium comprising Tata Power Co. Ltd and SN Power Norway is in talks to buy a significant stake in a 96 megawatts (MW) hydropower project in Sikkim from Sarda Energy and Minerals Ltd in a transaction valued at about Rs.200 crore, according to two people aware...
No More Gas-Based Plants Till 2015: Govt To Power Companies
NEW DELHI: Government has asked power producers to refrain from setting up new gas-based plants as dwindling fuel supply is threatening viability of 37,000-MW of existing and upcoming projects. The power ministry has issued an advisory to developers for not planning projects based on domestic gas till 2015-16. The...
Gazprom Trips In India As Shale Upends Asia Gas Markets
Gazprom, the world’s largest natural-gas exporter, is struggling to get a foothold in the Asian markets leading global economic growth. The Russian company’s plan to supply liquefied natural gas to India from 2016, the year the US is set to start gas exports, is faltering after buyers said they’re...
ONGC Close To Filling Key Positions
MUMBAI: State-run energy major Oil and Natural Gas Corporation (ONGC) is close to filling two key senior management positions as the Public Enterprises Selection Board ( PESB) has recommended names of PK Borthakur – executive director and asset chief, Mumbai High – for the post of director (offshore), and...
After Mamata Banerjee's Outburst, Oil Companies Fear No Hike In Prices
NEW DELHI: Trinamool Congress leader Mamata Banerjee’s outburst against her own party member and railway minister Dinesh Trivedi for raising passenger fares has demoralised state oil companies as they fear the government would not be able to raise fuel prices despite mounting losses. Senior executives of Indian Oil Corp,...
Cairn India: Fairly Priced, But Some Concerns Prevail
MUMBAI: Cairn India’s stock has lost some steam after seeing an excellent run-up of 60 per cent from its 52-week low of Rs 250 in August last year to its 52-week high of Rs 400.95 on this February 22. The stock is down around seven per cent from its...
Petronet Terminal Likely To Be Commissioned By Nov-Dec 2012
KOCHI: The Petronet LNG Terminal (PLL) at nearby Puthu Vypeen is likely to be commissioned by November-December this year, a top company official has said. “Completion of the Kochi LNG terminal is on track and satisfactory. We hope by November-December we should be looking at commissioning of the terminal....
