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NEW DELHI: With the government admitting that “mischief” by an insider was responsible for the scare over a routine movement of two Army units, demand for a probe into the matter is gathering momentum amid indications that the Army headquarters itself may seek an inquiry. The issue figured in...
NEW DELHI: Defence Secretary Shashi Kant Sharma has told Parliament that troop movements around New Delhi in mid-January — movements which the government is reported to have been “spooked” by — were in fact part of a “routine drill”. In a testimony before the Parliamentary Standing Committee on Defence,...
NEW DELHI: The oil ministry has called a crucial meeting of administrators of the KG-D6 block to deliberate upon Reliance Industries’ plan to survey the entire deep-sea region, instead of a piecemeal approach, to accelerate joint development of 16 untapped discoveries and reverse the steep fall in gas production....
NEW DELHI: A pact to enhance cooperation in the key sector of oil and gas exploration is among the six agreements inked on Monday between India and Qatar, which has the world’s third-largest natural gas reserves after Russia and Iran. Prime Minister Manmohan Singh and Emir of Qatar Sheikh...
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) may take up the new investment policy for urea soon. This policy is likely to ensure at least 12 per cent return on equity. The proposed policy aims to reduce the subsidy on urea. The Finance Minister in his Budget...
VADODARA: Oil and Natural Gas Corporation (ONGC) says its joint venture (JV) company has won a third of the estimated $3-billion global contract to clean the 60 million cubic metres of Kuwait contaminated by the huge oil spills that were a legacy of the retreating Iraqi armies in 1991....
NEW DELHI: Gas board orders cuts in rates, charges for CNG & PNG to Delhi consumers; firm may challenge directive The price of compressed natural gas (CNG) in the capital could come down by 20 per cent and of piped natural gas (PNG) by 10 per cent in the...
MUMBAI: Bharat Petroleum Corporation Ltd (BPCL) has appointed a three-member committee to present a preliminary report, within three days, on the cause of Saturday’s fire at its Numaligarh Refinery Ltd (NRL) inAssam. The committee will comprise two company executives from Mumbai and one from Numaligarh. NRL, with an...
AGARTALA: The ONGC Tripura Power Project (OTPC) will start power generation by the end of June at Palatana in Gomati district, its Managing Director S K Dubey today said. The first unit of state-owned gas based thermal power project would start generation by June 30 and the other unit...
The quarter to March 2012 was characterised by rising crude oil prices, which in the absence of retail price hikes increased the under-recoveries of state-owned oil companies. Private sector companies had their own set of woes in the form of margin pressure. Several companies increased refining capacity, while most...
NEW DELHI: After the Union Budget wiped out $1 billion from Cairn India’s market cap by raising the cess on oil production from R2,500 per tonne to R4,500, the government continues to sit on the company’s applications for both increasing production from its existing MBA (Mangala, Bhagyam and Aishwarya)...
MUMBAI: Spanish utility Gas Natural Fenosa is in talks with BG Group Plc to buy the UK oil and gas company’s 65 percent stake in India’s Gujarat Gas, a source with direct knowledge of the matter said on Sunday, in a deal valued at about $900 million. A three-member...
NEW DELHI: The government is considering reducing the tenure of power purchase agreements (PPAs) for future gas-based projects by 10 years and reviewing the deals every five years on basis of fuel availability, officials said. The move, if implemented, will benefit 9,000-mw plants of companies like Reliance Power, Lanco...
MUMBAI: India has added record power capacity of around 57,700 Mw in the 11th five-year Plan period, but a large part of it is still awaiting fuel. About 35,000 Mw of coal-based power capacity has reached commercial operations in the period between April 2009 and March 2012, but around...
CHENNAI/HYDERABAD: NTPC has agreed to supply the entire power of the soon-to-be-commissioned 500-Mw fourth unit of Simhadri project at Visakhapatnam to Andhra Pradesh in the next 3-4 month owing to the local supply-demand scenario, chief minister N Kiran Kumar Reddy said here on Monday. “I had spoken to the...
KOLKATA/BHUBANESWAR: The power purchase bill of Grid Corporation of Orissa Ltd (Gridco), the state owned bulk power purchaser, is set to shoot up by 25 per cent in 2012-13, compared to the previous fiscal. With the state’s overall power demand projected at 24,888 million units for the current fiscal,...
CHENNAI: Power equipment maker BGR Energy today said it has received a ‘Letter of Award’ from National Thermal Power Corporation for supply of two super critical boilers valued at Rs 1,855 crore. “BGR Energy has received ‘Letter of Award’ from NTPC for supply of 2×660 MW super-critical boilers to...
MUMBAI: Leading engineering major Larsen & Toubro today said that it has commissioned the country’s largest solar photovoltaic power plant of Reliance Power in Rajasthan with a capacity to generate 40 MW of power. The group’s construction arm L&T Construction executed the project owned by Reliance Power at Dhursar...