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The government has ordered RIL to sign agreements with NTPC and 10 city gas distribution firms for supply of gas from KG-D6 fields. The state-owned power producer NTPC Ltd had requested the Ministry of Petroleum and Natural Gas to facilitate supply of balance gas to its NCR power plants....
NEW DELHI: State-owned oil companies today reduced jet fuel prices by a marginal Rs 312 per kilolitre or kl, the second reduction in rates this month. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by Rs 311.74 per kl, or 0.46 per cent,...
Reliance Industries has announced several new large-scale projects for next 4-5 years in refining and petrochemical space, which shows the company has begun its next big capex cycle. This will put to rest the uncertainties involving the company’s plans for its growing pile of cash. Nevertheless, the projects are...
SINGAPORE: Oil was down in quiet Asian trade today on forecasts of aUSstockpile gain as well as amplified worries over the euro zone afterSpainannounced that it had fallen into recession, analysts said. New York’s main contract, light sweet crude for delivery in June, shed 15 cents to $104.72 per...
NEW DELHI: Steel tycoon Lakshmi N Mittal may in future go for an initial public offering (IPO) of the just-commissioned Guru Gobind Singh Refinery in Bathinda, where a low-cost expansion is planned to raise its annual capacity from nine million tonnes to 11.2 million tonnes. As for its cost,...
SINGAPORE: Oil prices edged lower in Asia today, with investors fretting over stuttering growth in the US as political and economic uncertainty in the euro zone weighed, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in June was down 21 cents to $104.72 per barrel...
The Power Ministry has set up a panel to look into various proposals including introduction of appraisal system for central and state electricity regulators. The mandate of the committee is to examine and make recommendations on proposed amendments in the Electricity Act 2003. Sources said the panel, chaired by...
NEW DELHI: The Rajasthan government has scrapped tenders worth Rs 12,000 crore that were bagged by Bharat Heavy Electricals Ltd (BHEL) more than a year before for two separate thermal power projects in the state. Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUN), a state government company, has scrapped EPC...
MUMBAI: A power ministry directive last week to the Central Electricity Regulatory Commission (CERC) has once again exposed the reluctance of Maharashtra’s power distribution companies to provide open access to consumers of electricity in the category of 1 megawatt and above. Discoms, which are currently reeling under an acute...
MUMBAI: The Nuclear Power Corporation (NPC), which is working on a war-footing for the commissioning of first phase (1,000-Mw) of Kudankulam nuclear project, has achieved yet another milestone. The state-run entity responsible for the generation of nuclear power for electricity has completed the prerequisites for opening the reactor pressure...