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NEW DELHI: The government today said it has removed restriction on urea imports fromIranand has asked State Trading Corporation to modify the global tender, which restricts bids by suppliers of Iranian origin. The restriction was imposed by STC in view ofIran’s decision to ban urea exports and also due...
GANDHINAGAR: A consortium led by the State-promoted Gujarat State Petronet Ltd (GSPL), a subsidiary of the GSPC Ltd, plans to invest nearly Rs 12,000 crore over the next three years. The investment is to create three cross-country natural gas transmission pipeline totalling around 4,000-km in length. A joint venture...
HYDERABAD: Petronet LNG,India’s biggest liquefied natural gas (LNG) importer, on Wednesday signed an agreement to invest Rs 4,500 crore in building a five-million-tonne import terminal atGangavaramPorton the Andhra coast. This will be the country’s fifth LNG terminal after Dahej, Dahbol, Hazira andKochi. Gangavaram will be Petronet’s third LNG import...
CHENNAI: Nagarjuna Oil Corporation will start work on the Rs 12,000-crore expansion of its oil refinery in 2014. The expansion will take the annual refining capacity of the six-million-tonne refinery coming up in Cuddalore, Tamil Nadu, to 15 million tonnes. The expansion will be completed in 2016. The refinery...
NEW DELHI: CairnIndiahas pegged its Krishna Godavari (KG-ONN-2003/1) block at about 550 million barrels equivalent of in-place oil and gas. Sources said that these are CairnIndianumbers and the prospects have been reviewed independently, not by the Directorate General of Hydrocarbons (DGH). If proven, this would be higher than Ravva...
NEW DELHI: GMR Power Corporation (GPC) has dragged the Tamil Nadu Electricity Board (TNEB) to the Supreme Court over non-payment of tariff invoices to the tune of around R600 crore, saying that such delay has adversely impacted its other contractual obligations. It has also challenged a part of the...
NEW DELHI: Delhiites will have to pay more for power from this month, particularly in the areas under the BRPL and the BYPL, and this hike is independent of the new tariff structure that is still being worked out. The Delhi Electricity Regulatory Commission on Wednesday agreed to a...
NEW DELHI: Under pressure from the international community to cut emissions and support the fight against climate change,Indiais focusing on implementation of energy efficiency measures in a big way. The country has targeted to save as much as 12,000 mw of electricity by increasing energy efficiency standards of power...
NEW DELHI: People getting power supply from BSES discoms will have to shell out more on electricity bills while consumers under Tata Power distribition limited will benefit from a marginal drop in the rates. Power regulator DERC today increased power tariff by two per cent for consumers under BSES...
KOLKATA: While Coal India Ltd (CIL) has signed at least 10 fuel supply agreements (FSAs) with power companies, concerns of the country’s largest power producer, NTPC, are yet to be settled. NTPC, also owned by the Central government, had refused to sign new FSAs, saying there was no supply...