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 Accepts Oman's Proposal Of Hike In Gas Prices
NEW DELHI: The government has accepted the proposal seeking hike in prices of gas supplied by Oman to an Indian fertiliser plant in the Gulf nation to $ 1.5 per mmBtu for this year, a move that will ensure uninterrupted supply of urea to the Indian market. The government’s...
India Misses Crude Oil Production Target Again
Crude oil prices are shooting through the roof, but India may have to continue to rely significantly on imports. India’s oil exploration firms have missed their targets yet again. After committing to produce 206.8 million tonnes of crude oil in 2007-12, the 11 {+t} {+h} Plan period, they actually...
Lakshmi N Mittal Aids India, Pakistan Detente With Refinery
NEW DELHI: Billionaire Lakshmi N Mittal and an IOCL company are formally opening a $4 billion (Rs 210.36 crore) refinery on the northern border with Pakistan as the countries that have fought three wars seek to stimulate trade. Prime Minister Manmohan Singh is slated to inaugurate the plant on...
Indian Oil Corporation Expresses Interest In Sri Lanka Refinery
COLOMBO: The Indian Oil Corporation has expressed interest in the Sri Lankan government’s plans to refurbish the island’s only refinery that will cost USD two billion. “We have expressed our interest”, Suresh Kumar the IOC’s Colombo chief told PTI. He said that Lankan IOC have had several rounds of...
IGL, MGL May Lose Exclusive Supply Rights
NEW DELHI: After the adverse tariff and compression charges order, the capital’s monopoly compressed natural gas (CNG) and piped natural gas (PNG) player Indraprastha Gas Ltd (IGL) may lose its marketing exclusivity to new players. Downstream petroleum regulator, the Petroleum and Natural Gas Regulatory Board (PNGRB) is finalising an...
GAIL Resumes Cargo Operations At Dabhol
NEW DELHI: State-owned gas utility GAIL India Ltd has resumed cargo operations at the nation’s third liquefied natural gas (LNG) terminal at Dabhol after it repaired fenders at the port that were damaged by rough sea. A ship carrying maiden or the so called commissioning cargo, which will be...
ONGC To Invest Rs 600 Crores To Develop Mumbai High South Field
MUMBAI: State-run energy explorer Oil and Natural Gas Corporation has approved a proposal to invest Rs 600 crore for development of the Western Periphery as a part of the Mumbai High South Field, Phase III Redevelopment. The project, scheduled to be completed by December 2014, is expected to result...
Fuel Supply To Improve Soon In Four Southern States: Indian Oil
CHENNAI: State-run Indian Oil Corp today said restricted availability of fuel in four southern states was “temporary” due to partial shutdown of Mangalore Refinery Petrochemicals Ltd (MRPL) and supply would resume soon. “The diesel supply problem experienced currently is temporary and is owing to partial shutdown of MRPL from...
RIL Earnings Back On Track In FY15
MUMBAI: The earnings of India’s most valuable company, Reliance Industries Ltd (RIL), will likely remain weak over the next two fiscal years, but will gain momentum after that, brokerage firms’ analysts said in research reports written after meeting the company’s management. The company’s operating profit may even double from...
Essar Oil Renews Sales Agreement With BPCL
MUMBAI: Essar Oil Limited (EOL) has renewed a major product sale and purchase agreement with Bharat Petroleum Corporation Limited. The renewed four year agreement, running upto 2016 is for supply of diesel, petrol, kerosene and ATF (aviation turbine fuel) to BPCL from its Vadinar Refinery. It also entitles EOL...
Oil Down Near $119.50, Spanish Downgrade Weighs
Oil prices eased on Friday, trading at around $119.50 a barrel, due to renewed fears about the state of debt-laden eurozone economies following a downgrade of Spain’s credit rating. Traders and investors took a more cautious stance after Standard & Poor’s reduced its credit rating on Spain by two...
Sasan Coal Diversion Before EGoM Today
NEW DELHI: Tomorrow, an Empowered Group of Ministers (EGoM) is to discuss the issue of diversion, with government permission, of surplus coal by Reliance Power Ltd (R-Power), meant for its 4,000-Mw Ultra Mega Power Project (UMPP) at Sasan in Madhya Pradesh, to another project being developed by it, Chitrangi,...
NTPC Automates Simhadri Stage-II
NEW DELHI: NTPC has successfully completed the automation package for the Simhadri Stage-II 2 X 500 MW super thermal power project located near Visakhapatnam. It is NTPC’s first coastal-based coal-fired thermal power project. An official statement said the plant’s output was expected to reduce the power deficit significantly in...
PFC Sets Up Spv For 4,000 Mw Power Project In Jharkhand
NEW DELHI: State-run Power Finance Corp today said it has formed special purpose vehicle, Deoghar Mega Power Ltd, for developing a 4,000 MW ultra mega power project in Jharkhand. Deoghar would be the second ultra mega power project (UMPP) in the state after Tilaiya, which is being executed by...
Tata Power Builds Its Case On Sasan UMPP
NEW DELHI: Gets favourable opinion over legality of government decision allowing Reliance Power to divert surplus coal from captive mines After Reliance Power, the company’s arch rival, Tata Power, too, has independently secured a favourable opinion from the country’s top legal brains, including retired Chief Justice of India M...
R-Power's Dahanu Solar Plant Starts Supply To Maharashtra
JODHPUR: Reliance Power’s photovoltaic solar power plant in Jaisalmer district, Rajasthan, has started commercial operations to provide electricity to thousands of households and businesses in Maharashtra. Under the power purchase agreement, the entire power generated by this plant would be supplied toMaharashtra. The plant is located, 180 km in...
Bhushan Energy Revives Open Offer For Orissa Sponge
KOLKATA: The shares of Orissa Sponge Iron & Steel Ltd (OSISL) closed at Rs 362 for two consecutive days, which is just above the open offer price of Rs 360 Bhushan Energy Ltd and PACS (person action in concert). Only 3,318 shares changed hands on Friday. Bhushan Energy, a...
R K Sinha Appointed Next Chairman Of Atomic Energy Commission
NEW DELHI: Ratan Kumar Sinha, director of the Bhabha Atomic Research Centre, was today appointed as the next chairman of the Atomic Energy Commission (AEC). 60-year-old Sinha is expected to assume charge of the country’s nuclear programme from AEC Chairman Srikumar Banerjee on Monday. Banerjee superannuates on April 30....
