Power Min for allocation of gas to ADAG power project
August 11, 2010: The Power Ministry has recommended allocation of natural gas from Reliance Industries' fields to four power projects including the Anil Ambani-run Reliance Power's Samalkot expansion unit in Andhra Pradesh.
August 11, 2010: The Power Ministry has recommended allocation of natural gas from Reliance Industries' fields to four power projects including the Anil Ambani-run Reliance Power's Samalkot expansion unit in Andhra Pradesh.
ONGC firms up Rajasthan refinery plans as state promises fiscal sops
August 11, 2010: A consortium led by the state-owned Oil & Natural Gas Corporation (ONGC) could invest about Rs 12,000 crore to built a 6 million tons (mt) refinery in Rajasthan, as the state government is willing to provide adequate fiscal incentives to the refinery.
August 11, 2010: A consortium led by the state-owned Oil & Natural Gas Corporation (ONGC) could invest about Rs 12,000 crore to built a 6 million tons (mt) refinery in Rajasthan, as the state government is willing to provide adequate fiscal incentives to the refinery.
Adani Power to benefit from parent's coal asset purchase
August 5, 2010: It was an eventful week for Adani Power. The company announced synchronising of its third 330 MW unit on July 29.
August 5, 2010: It was an eventful week for Adani Power. The company announced synchronising of its third 330 MW unit on July 29.
ONGC, GAIL lock horns over marketing C-Series gas
August 5, 2010: State-owned Oil and Natural Gas Corp (ONGC) and GAIL India have locked horns over marketing rights of natural gas produced from the former's C-Series field, the latest one to go on production in the country.
August 5, 2010: State-owned Oil and Natural Gas Corp (ONGC) and GAIL India have locked horns over marketing rights of natural gas produced from the former's C-Series field, the latest one to go on production in the country.
IOC to set up LNG terminal, power plant in Chennai
August 5, 2010: State-owned Indian Oil Corporation said on August 4 that it will set up an LNG re-gasification terminal and a gas-based power plant at suburban Ennore at an investment of Rs 8000 crore in a joint venture with Tamil Nadu Industrial Development Corporation (TIDCO).
August 5, 2010: State-owned Indian Oil Corporation said on August 4 that it will set up an LNG re-gasification terminal and a gas-based power plant at suburban Ennore at an investment of Rs 8000 crore in a joint venture with Tamil Nadu Industrial Development Corporation (TIDCO).
Team ONGC proves viability of 2.7 tcf Mahanadi block
August 5, 2010: Oil & Natural Gas Corp (ONGC)-led consortium of state-owned energy firms have proved commercial viability of its Mahanadi gas find, paving the way to start production from the field having about 2.7 trillion cubic feet (tcf) natural gas reserves.
August 5, 2010: Oil & Natural Gas Corp (ONGC)-led consortium of state-owned energy firms have proved commercial viability of its Mahanadi gas find, paving the way to start production from the field having about 2.7 trillion cubic feet (tcf) natural gas reserves.
RIL to buy 60% stake in US shale-gas venture for $392 million
August 5, 2010: Reliance Industries today said it will buy a 60% stake in a shale-gas venture in the US for $392 million, the third unconventional gas acquisition made by the Mukesh Ambani-run firm this fiscal.
August 5, 2010: Reliance Industries today said it will buy a 60% stake in a shale-gas venture in the US for $392 million, the third unconventional gas acquisition made by the Mukesh Ambani-run firm this fiscal.
Reliance Industries not keen on long-term chartering pact for crude oil imports
August 4, 2010: Reliance Industries, the largest private sector importer of crude oil, is understood to have expressed reservations in entering into long-term chartering arrangements with Indian shipping lines for import of crude oil.
August 4, 2010: Reliance Industries, the largest private sector importer of crude oil, is understood to have expressed reservations in entering into long-term chartering arrangements with Indian shipping lines for import of crude oil.
Ravva gas to cost $4.2/mBtu
August 4, 2010: The joint venture between Cairn India, ONGC, Videocon Industries and Ravva Oil will get a new price of $4.2/mBtu for gas produced from its East Coast Ravva Fields.
This is lower than the $4.75/mBtu that the joint venture was seeking.
August 4, 2010: The joint venture between Cairn India, ONGC, Videocon Industries and Ravva Oil will get a new price of $4.2/mBtu for gas produced from its East Coast Ravva Fields.
This is lower than the $4.75/mBtu that the joint venture was seeking.
RIL, Essar to bid for BP's African petrol pumps
August 4, 2010: Old rivals of corporate India -- Reliance Industries (RIL) and Essar -- are back to competing against each other.
August 4, 2010: Old rivals of corporate India -- Reliance Industries (RIL) and Essar -- are back to competing against each other.
Natural rubber production up 14% in July
August 4, 2010: India's natural rubber production rose by 14% to 57,500 tons in July due to an increase in the tapping area by farmers on anticipation of higher realisation, according to data from the Rubber Board.
August 4, 2010: India's natural rubber production rose by 14% to 57,500 tons in July due to an increase in the tapping area by farmers on anticipation of higher realisation, according to data from the Rubber Board.
Hindalco unit to set up new alumina refinery
August 4, 2010: Hindalco Industries, India's largest aluminium maker and a part of the Aditya Birla group, said on August 3 that one of its units is in the process of setting up a 1.5 million tons per annum (mtpa) alumina refinery in the country's eastern state of Orissa, according to a recent Reuters report.
August 4, 2010: Hindalco Industries, India's largest aluminium maker and a part of the Aditya Birla group, said on August 3 that one of its units is in the process of setting up a 1.5 million tons per annum (mtpa) alumina refinery in the country's eastern state of Orissa, according to a recent Reuters report.
GSPC, Adani raise gas prices for industrial users
August 4, 2010: City gas distributors state-owned GSPC Gas Company Limited and private player Adani Gas Limited (AGL) have decided to increase tariff for the industrial consumers of the state in the 5-7% range.
August 4, 2010: City gas distributors state-owned GSPC Gas Company Limited and private player Adani Gas Limited (AGL) have decided to increase tariff for the industrial consumers of the state in the 5-7% range.
Rubber imports fall 40%
August 3, 2010: Natural rubber imports in to the country dropped close to 40% during first quarter of the current fiscal, even as the gap between Indian and international prices widened.
With the sharp fall in imports, rubber availability has been lagging behind off-take by 33,000 tons as on June 30, tyre manufacturers said.
August 3, 2010: Natural rubber imports in to the country dropped close to 40% during first quarter of the current fiscal, even as the gap between Indian and international prices widened.
With the sharp fall in imports, rubber availability has been lagging behind off-take by 33,000 tons as on June 30, tyre manufacturers said.
Punjab gas industry rues high power cost
August 3, 2010: Gas manufacturers in Punjab are unhappy about the high cost of power, which is rendering them uncompetitive in the region.
August 3, 2010: Gas manufacturers in Punjab are unhappy about the high cost of power, which is rendering them uncompetitive in the region.
Cement makers stare at another bad quarter
August 3, 2010: The domestic cement majors have seen a disappointing beginning in the current financial year. The long run of high profitablity, since mid-2005, has culminated in a demand-supply mismatch, with the industry adding 100 mt capacity during this period.
August 3, 2010: The domestic cement majors have seen a disappointing beginning in the current financial year. The long run of high profitablity, since mid-2005, has culminated in a demand-supply mismatch, with the industry adding 100 mt capacity during this period.
Nalco, Idco launch JV co for aluminium park
August 2, 2010: National Aluminium Company Limited (Nalco) and the state owned Industrial Infrastructure Development Corporation (Idco) have launched a joint venture company to set up an aluminium park at Angul.
August 2, 2010: National Aluminium Company Limited (Nalco) and the state owned Industrial Infrastructure Development Corporation (Idco) have launched a joint venture company to set up an aluminium park at Angul.
Oil India has $2 billion budget for foreign buys
August 2, 2010: State-run explorer Oil India Ltd has set aside $2 billion for overseas acquisitions, its chairman, N.M. Borah, told reporters.
August 2, 2010: State-run explorer Oil India Ltd has set aside $2 billion for overseas acquisitions, its chairman, N.M. Borah, told reporters.
Cement prices to remain under pressure
August 2, 2010: Aditya Birla group-controlled Grasim Ltd today said that cement prices will remain under pressure over the next six to eight quarters due to oversupply.
August 2, 2010: Aditya Birla group-controlled Grasim Ltd today said that cement prices will remain under pressure over the next six to eight quarters due to oversupply.
Adhunik Cement in expansion mode
August 10, 2010: Adhunik Cement Ltd, a joint venture between Adhunik Group and MSP Group, both Kolkata-based companies, is on an expansion mode to augment its production to 10 million tons in the "next few years".
August 10, 2010: Adhunik Cement Ltd, a joint venture between Adhunik Group and MSP Group, both Kolkata-based companies, is on an expansion mode to augment its production to 10 million tons in the "next few years".
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