IPA Special

Eurocopter Aims To Be No.1 By 2015

CHENNAI/HYDERABAD: Eurocopter, a part of Airbus manufacturer and aerospace giant EADS, is aiming to achieve the number one position in the civil and parapublic helicopter market in India by 2015. The company, which entered the Indian market in October 2010, currently ranks number two in terms of market share...

Mar 14 · >

ICVL May Buy Coal Mine In Australia Soon

NEW DELHI: International Coal Ventures Ltd (ICVL) today said it is now in the final stages of acquiring a coking coal mine in Australia’s Bowen Basin. “ICVL is nearing its first acquisition for a prime hard coking coal mine in the heart of Bowen Basin in Australia,” ICVL Chairman...

Mar 14 · >

Rail Budget 2012: Train Fares Increased Across All Classes

  NEW DELHI: Railway minister Dinesh Trivedi on Wednesday presentaedhis maiden Railway Budget in Parliament and said the budget was aimed at the common man. Towards the end of his Rail Budget speech, Trivedi announced that train fares would be increased across all classes, but the hike would be...

Mar 14 · >

Coal India May Revise Prices After April

NEW DELHI: Coal India Ltd (CIL), which meets over half ofIndia’s energy requirements, could raise the commodity’s prices next quarter. The move is aimed at offsetting the financial impact of the 25 per cent wage rise announced for its mammoth workforce in January. The news saw the company’s shares...

Mar 14 · >

Coal Regulator Plan To Be Presented To Cabinet Soon

NEW DELHI: India’s draft Bill on coal regulator is ready and will be presented to the cabinet soon, coal secretary Alok Perti said on Tuesday. “A coal regulator is important. It will certainly add to improving the situation,” said Perti, as the country struggles to produce enough of the...

Mar 14 · >

Tata Power's Bid To Raise Tariff Irks State Utilities

AHMEDABAD: State utilities have asked Tata Power to legally contest the Indonesian government’s decree that has raised the cost of coal for its Rs 17,000-crore Mundra project, instead of trying to raise the tariff the company had bid to win the project. The utilities’ resistance to any increase in...

Mar 14 · >

Cairn India To Pay Landowners More For Pipeline Project

NEW DELHI: Cairn India has agreed to double the compensation to the farmers and landowners resisting construction of its pipeline project in Rajasthan and Gujarat. The proposed pipeline will connect its Rajasthan oilfield to the crude oil shipping facility at Bhogat in coastal Gujarat. The company now produces one...

Mar 14 · >

Essar Commissions Diesel Hydrotreater Unit At Vadinar

MUMBAI/AHMEDABAD:  Essar Group-owned Essar Oil Ltd has commissioned a diesel hydrotreater unit-I (DHDT-I) at its Vadinar refinery in Gujarat, a company statement informed on Tuesday. The unit would ensure that the diesel produced at the refinery will be capable of meeting Euro V specifications. The company informed that the...

Mar 14 · >

RIL Gets Approval To Recover $3.99 Billion From D6 Block Sales

NEW DELHI: The management committee of Reliance-operated D6 block, which is headed by the director general of hydrocarbons, has so far granted approval for the company to recover only $3.99 billion of its cost from sale of oil and gas out of its claim of $9.47 billion, oil minister...

Mar 14 · >

ONGC's Insurance Premiums Likely To Rise 15-20%

MUMBAI: Oil and Natural Gas Corporation (ONGC) may have to pay higher premiums when its insurance policy comes for renewal on May 11. Last week, ONGC, which holds the country’s biggest insurance policy, had floated a tender to the underwriters to primarily cover its offshore assets worth $33.7 billion....

Mar 14 · >