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.EGoM On Oil To Meet By May End
NEW DELHI: An empowered group of ministers led by Pranab Mukherjee will meet by the end of May to consider raising the prices of diesel, LPG and kerosene in order to help fuel retailers IOC, HPCL and BPCL cut their losses and to restrict the outgo of state subsidy....
Parliamentary Panel Asks Oil Ministry, Directorate General Of Hydrocarbons To Monitor RIL's KG-D6 Fields
NEW DELHI: A Parliamentary panel has asked oil ministry and DGH to closely monitor Reliance Industries’ flagging KG-D6 gas fields saying any production decline should be supported by proper evaluation. RIL’s KG-D6 fields have seen output drop by about 45% to less than 34 million standard cubic meters per...
SK Srivastava To Take Over As Oil India Chief
NEW DELHI: Director general of hydrocarbons, SK Srivastava, will take charge as chairman of OilIndiaon Tuesday, ending a tumultuous two-year tenure in which he blamed Reliance Industries for the fall in natural gas output from the D6 block and faced criticism for backing out of crucial meetings. Srivastava held...
NTPC Seeks Balance Of Gas For NCR Stations
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....
ATF Prices Cut By Rs 312 Per KL
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,...
RIL Announces Several Large-Scale Projects In Refining And Petrochemical Space
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...
Oil Down In Asia On Stockpile Forecasts, Euro Zone Fears
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...
Bathinda Refinery Expansion, IPO On Cards, Says Mittal
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,...
Oil Lower On Concerns Over US And Euro Zone
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...
Power Ministry Plans Review Of Electricity Regulators
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...
Rajasthan Scraps Power Project Tenders Won By Bhel
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...
Fear Of Revenue Loss Dissuades Discoms From Providing Open Access
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...
NPC Completes Formalities To Open Reactor Pressure Vessel
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...
National Solar Mission Completes 89% Of Allotted Capacity
NEW DELHI: The National Solar Mission, which aims to install 20,000 MW capacity of solar energy by 2020, has commissioned 89% of its allotted capacity in its first stage, government officials said. The government had signed power purchase agreements (PPA) with 28 solar power developers for 140-MW solar photo...
Green Market Slide Worries Indian Companies
NEW DELHI: With the prices sliding of Certified Emission Reduction (CER) certificates traded on the international exchange, Indian companies holding the credits are bracing for tough times. Brokers trading in CERs have started to downsize their carbon desk and the ones holding these are looking for buyers. “The demand...
A-G’s Position On Sasan Pulverises Ministry’s Stand
NEW DELHI: The Attorney General’s legal opinion on the diversion of excess Sasan coal has flown in the face of the power ministry which contends that Reliance Power may be asked to hand over surplus coal to a Coal India (CIL) subsidiary at a price to be determined by...
Posco Wants Essar Steel To Join Its Orissa Project
MUMBAI: South Korean steel major Posco has sounded out unlisted Essar Steel for an alliance to build the planned $12 billion (12 million tonnes) steel plant in Orissa, which has run into repeated hurdles since the world’s fifth largest steel maker signed the construction agreement with the state government...
India Developing Radar Destroying Missiles
After the successful launch of the Agni V Missile, India is now developing an Anti-Radar Missile (ARM). This will significantly boost the country’s strike capabilities by destroying the enemy’s Advance Warning Systems. ARM Missiles are one of the most advance missiles in the world and only the US has...
