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HYDERABAD: Gulf Oil Corporation, a Hinduja Group venture, and L&T Komatsu have signed up to market co-branded range of lubricants. The agreement was signed by Mr Ravi Chawla, President and CEO of Lubricants Division of Gulf Oil, and Mr H.N. Nagaraja, Senior DGM, L&T-Komatsu Ltd. L&T-Komatsu Ltd is a...
NEW DELHI: The promoter-stakeholders of Petronet LNG Ltd seem to be warming up to the idea of getting a strategic partner to buy Asian Development Bank’s (ADB) stake in the company. The bank plans to sell its 5.2 per cent stake in Petronet. Mr A.K. Balyan, Managing Director &...
VADODARA: Gujarat government is hopeful of generating 3650 MW of power through joint synergy of hydroelectric and solar-based projects in future. The six power units of the Sardar Sarovar project are currently generating 1450 MW hydroelectric power whereas the total length of the canal network intrlinked to the project...
NEW DELHI: In a boost to power firms with plans to set up units in Special Economic Zones (SEZ), the Government has exempted them from the positive net foreign exchange (NFE) obligation applicable to regular units in such enclaves. The decision will help power companies such as Torrent Energy,...
KOLKATA: At least four public sector thermal power units have already entered into pact with Coal India Ltd. This is as a result of finalising the draft fuel supply pact on April 20. Another four odd units are expected to complete signing the FSAs by this evening, according to...
JODHPUR: To help boost private investment in renewable energy, multilateral lending agency ADB today announced $103 million loan to Reliance Power for setting up a 100-MW solar plant in Jaisalmer district of Rajasthan. “I would like to to inform you that ADB has just agreed to extend financing for...
NEW DELHI: Alstom Bharat Forge Power Ltd, a joint venture between Alstom and Bharat Forge, has secured an order worth about Rs 1,570 crore from NTPC for supply of two units of 660-mw supercritical turbine generators at a plant in Solapur, Maharashtra. Alstom’s share of the contract amounts to...
NEW DELHI: The National Green Tribunal has refused to interfere with environmental clearance procedure for Shapoorji Pallonji and Company Ltd’s (SPCL) thermal power plant and its greenfield port in Junagadh district of Gujarat, saying any decision by it would be “premature”. Hearing petitions seeking a direction to Ministry of...
NEW DELHI: After several run-ins with the United Progressive Alliance (UPA) government, the Trinamool Congress (TMC) looks set to open another front of confrontation with the Centre over the contentious coal royalty issue. The recent rise in royalty on coal from 13 per cent to 14 per cent announced...
KOLKATA: Coal India Ltd (CIL) may have to supply up to 360 million tonnes (mt) to power producers in 2012-13, around 50 mt, or 16%, more than in the year ended 31 March, chairman and managing director S. Narsing Rao said on Tuesday. The miner’s production target for the...
KOLKATA: For Mr Narsing Rao it was just another day, but with a difference. He left home in the wee hours on Tuesday to take up his new assignment as Chairman of Coal India Ltd. By the end of the day, Mr Rao was ready with his agenda to...
NEW DELHI: State-owned Coal India (CIL) today said it has fixed a production target of 468.74 million tonnes (MT) for the current fiscal. “CIL… Signed MoU with its administrative ministry – Ministry of Coal – for its key performance areas for the fiscal 2012-13… CIL’s targeted production and coal...
NEW DELHI: International Coal Ventures Ltd (ICVL), which is all set to buy a coking coal asset in the Australia’s Bowen Basin, is also eyeing a 10 per cent stake in a greenfield asset in the region, sources said. ICVL is a consortium of SAIL, Coal India, Rashtriya Ispat...
MUMBAI: Coking coal prices are set to rebound as early as July from four straight quarterly declines as China and India seek raw material overseas to fire new steel production in the world’s fastest-growing major economies. Contract prices that fell to $206 a tonne for the quarter ending June...
NEW DELHI: French defence, aerospace and technology giant Thales sees a huge opportunity in India’s public transport sector and plans to bid for upcoming metro and rail projects across the country, either independently or as a consortium. The company, which set up the ticketing system for Delhi metro, is...
The Obama administration is considering a major reform and simplification of approval processes that will enable more arms to be exported to fast rising powers like India & Brazil as part of a strategic move to help the US defence industry recover export revenues lost through domestic and foreign...
A clear lack of US condemnation of India’s latest missile test demonstrates that Washington not only appreciates but also supports India’s ability to meet the emerging strategic challenge posed by an aggressive China. The United States is more comfortable with the Indian progress in the nuclear and missile fields...
The Chief of Naval Operations of the United States, Admiral Jonathan Greenert, received a ceremonial Guard of Honour at the Ministry of Defence in New Delhi on Monday. Admiral Greenert was received by Chief of Naval Staff Admiral Nirmal Verma and other senior officers. Admiral Greenert is in Delhi...