Opinion
Appeal
The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.Govt Removes Restrictions On Urea Imports From Iran
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...
GSPL-Led Consortium To Invest Rs 12,000-Crore On Gas Pipelines
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...
Petronet To Start Work On Third LNG Terminal, Signs Pact With GPL
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...
Nagarjuna Oil To Invest Rs 12,000-Crore More In Tn Refinery
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...
Cairn Pegs East Coast Find At 550 Million Barrels
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...
GMR Power Drags Tneb To SC Over Non-Payment Of R600-Crore Dues
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...
Get Ready To Pay More For Power From This Month
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...
India Targets Saving Of 12,000 MW Electricity
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...
Power Bills Under Bses To Go Up, Decline For Tata Consumers
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...
NTPC's FSA Concerns Yet To Be Settled
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...
Moody’s Retains Foreign Currency Rating Of PFC, REC
NEW DELHI: Moody’s on Wednesday retained the ‘Baa3’ foreign currency long term issuer rating of Power Finance Corp and Rural Electrification Corp, both indicating moderate credit risk. The agency said these ratings on the two entities are underpinned by their linkages with the government. Global rating agency Moody’s Investors...
Sasan Power, 10 Others Showcaused For Delay In Coal Block Development
KOLKATA: As many as 11 companies including ADAG group company Sasan Power were slapped showcause notices by the coal ministry for delay in development of the captive coal blocks allotted to them. The companies that were showcaused in separate letters includes Sasan Power, Hindalco, Tata Power Corp, DB Power...
Environment Ministry Eases Clearance Process For Coal-Based Projects
NEW DELHI: The environment ministry has allowed developers of coal-based power, steel and sponge iron projects to apply for its clearance even as environmental and forest approval for the linked coal mine or block is under its consideration, easing the clearance process for these industries. In its order, the...
Coal India To Seek PMO Advice On Fuel Supply Agreements With Power Units
KOLKATA: Coal India will seek advice from the prime minister’s office through the coal ministry on how to go about signing fuel supply agreements with power units commissioned between January 2012 and March 2015. “We will ask the government on how to go about signing FSAs with plants that...
Coal Unions Threaten Strike Over Mine Block Allocation
NEW DELHI: Even before the coal ministry started the competitive bidding for allocation of blocks, the trade unions have begun opposing it. The National Front of Indian Trade Unions (NFITU) on Wednesday threatened to go on a strike from July 10, demanding the cancellations of coal blocks allocated to...
Air Force Rookie Pilots To Train On Swiss Aircraft
NEW DELHI: The Defence Ministry (MoD) is pressing ahead with the Rs 1,800 crore purchase of seventy-five PC-7 Mark II basic trainer aircraft from Pilatus Aircraft Ltd of Switzerland. For the last one year, the purchase of desperately needed trainers for the Indian Air Force has been stalled by...
Rane Group Eyes Acquisitions In Defence, Aerospace
CHENNAI: The Rane Group is scouting for acquisitions in defence and aerospace. Rane is eyeing domestic companies in the “Rs 30-50 crore turnover size but with significant growth potential,” says Mr L. Ganesh, Chairman of the group. The company is particularly looking for companies operating in the areas of...
Bae Systems Profit Growth Hinges On Saudi Jet Deal
LONDON: British defence group BAE Systems said its chances of delivering profit growth in 2012 hinged on talks to finalise a fighter jet deal withSaudi Arabia, in a year marked by tight government defence budgets. “Whilst little sales growth can be expected for the group in 2012 in the...
