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From Pradeep Kapoor LUCKNOW: BSP supremo Mayawati has taken lead in making preparations for 2014 Lok Sabha polls well in advance. Even in her defeat BSP remained number two position in more than 200 seats pushing national parties far behind. Mayawati sees role of king maker for herself in...
NEW DELHI: The government is thinking of a cushion for you to soften the blow of high oil prices. To prevent rising crude oil prices from hurting consumers and fuelling inflation, the government is working on a comprehensive “rescue package” that includes a significant reduction in central excise duties...
SINGAPORE: Bharat Petroleum Corp (BPCL) is seeking a diesel cargo for early May as domestic supply remains tight on the back of refinery maintenance, industry sources said on Thursday. The refinery is seeking 40,000 tonnes of 350 ppm sulphur diesel for delivery into Kochi over May 8-10. The tender...
NEW DELHI: Work at the sites of two of India’s strategic oil reserves in Karnataka has come to a halt as a water crisis has enveloped the region. The public sector Mangalore Refinery and Petrochemicals has shut down its 300,000 barrels per day plant. Managing director UK Basu said...
NEW DELHI: Cairn India has got the nod for increasing output by another 25,000 barrels a day of oil from its producing Mangala fields in the Rajasthan block. This development comes at a time as the company closes its fourth quarter numbers for the fiscal 2011-12 on Friday. High...
Reliance Industries,India’s biggest company by market capitalisation, will most likely report a second consecutive quarter of lower profits when it announces March 2012 quarter numbers on Friday. This will be the first time since 2009 that the petroleum major is suffering two consecutive quarters of year-on-year profit fall. It...
NEW ORLEANS: The estimated multibillion-dollar settlement between BP and lawyers representing individual and business plaintiffs in the 2010 Gulf of Mexico oil spill was fleshed out on Wednesday in hundreds of pages of motions and exhibits. The broad outlines of the agreement in principle reached last month, including an...
TOKYO: Disaster-battered Japan reported its biggest annual trade deficit ever on Thursday, a contrast from decades of surpluses, as a nuclear crisis boosted expensive oil and gas imports. The finance ministry’s preliminary trade data showed a 4.41 trillion yen ($54 billion) trade deficit for the fiscal year that ended...
NEW DELHI: Iran has rejected a request from India’s Mangalore Refinery and Petrochemicals to slightly delay an oil shipment for its 300,000 barrels per day (bpd) refinery which is closed, two sources said, as Tehran continues to face sanctions pressure. The refusal to push back delivery indicates Iran is...
NEW DELHI: In what belies the popular notion of a depressed investment environment in the country, the government’s spending on central sector projects commissioned in the first half of the previous financial year had risen exponentially, according to data obtained from the Ministry of Statistics and Programme Implementation (MoSPI)....
NEW DELHI: Union home minister P Chidambaram on Wednesday urged industry captains to train and employ the youth in Jammu & Kashmir. During a meeting with around 20 CEOs, the home minister also asked them to examine possibilities of marketing J&K’s agricultural produce. RP-Sanjiv Goenka Group chairman Sanjiv Goenka,...
NAGPUR: The state’s power availability has gone up by at least 150MW this summer as the first unit of NTPC’s Mouda power plant has started generation at full load. NTPC officials said that the first 500MW unit was synchronized on April 8 and it went on full load on...
NEW DELHI: The notion that hydro power is cheaper than thermal power is proving to be a fallacy. An FE analysis of the tariffs of some of the country’s largest hydro stations has revealed that they generate electricity at a cost much higher than most thermal plants. Thermal stations...
BANGALORE: Power and automation technology group ABB has commissioned three 765 kV sub-stations for Power Grid Corporation of India Ltd (PGCIL). The sub-stations are located in Wardha,Maharashtra, Seoni, Madhya Pradesh and Bilaspur, Chhattisgarh, according to a press statement. From the current inter-regional power flow capacity of 27,950 MW, the...
KOLKATA: Uranium Corporation of India’s new 3,000 tonne per day uranium mine & and processing plant will be inaugurated at Tummalapalle in Andhra Pradesh on Friday by Dr Srikumar Banerjee, secretary, department of atomic energy & chairman Atomic Energy Commission. With confirmed reserves of over 49,000 tonnes of uranium...
MUMBAI/AHMEDABAD: After dedicating to the nation 600 megawatts (Mw) of solar power projects in different parts of Gujarat, state chief minister Narendra Modi on Thursday hinted to come out with a rooftop solar power plant policy to encourage people to produce their own electricity and earn by selling the...
Solar-powered State: The Gujarat Chief Minister, Mr Narendra Modi, dedicated Asia’s largest solar power park, set up with an investment of Rs 9,000 crore by private companies to produce 214 MW daily at a single location at village Charanka in Patan district on Thursday As the hot summer triggers...
says Mr D.J. Pandian, Principal Secretary (Energy), Gujarat Government. Over the last decade, Gujarat has emerged a power-surplus State and carried electricity to nearly all of its 18,000 villages through the Jyotigram Yojana. Most of its areas now have a round-the-clock electricity supply. Its biggest cities such as Ahmedabad...