R-Power had produced the test certificate claiming March 30, 2013, as the date of commissioning.
First right of refusal may be limited to firms working under NELP, leaving out pre-NELP blocks run by big firms such as RIL and Cairn India.
Railway officials said important projects at crucial stages would now be stuck for a long time.
Bansal's exit came at a time when some good investment and policy decisions were expected.
This year, Coal India plans to gauge the domestic market through a tie-up with MMTC and State Trading Corporation.
The finance ministry has rejected the formula and, instead, suggested an alternative that takes into account well-head prices of suppliers in Qatar, Oman, Abu Dhabi and Malaysia.
Nobody should be surprised if the Congress-led alliance at the Centre now makes favourable policy overtures to Naveen Patnaik also, like it has done for Nitish Kumar and Mamata Banerjee, in the hope of strengthening its prospects after the next general elections, says AK Bhattacharya
LPG alone will save us Rs 8,000 cr a year: M Veerappa Moily.
The company wants 'economic restitution' due to rupee depreciation and changes in law.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
Their first target would be bulk buyers.
Based on the panel's formula, the base price of domestic natural gas comes to around $7.4 per million British thermal unit (mBtu), but the pricing formula proposed by RIL, officials say, translates the price into $13-14 an mBtu.
IOC protests, says have invested in these facilities over a period of time.
Delayed compensation and rising working capital requirement force oil marketing firms like IndianOil to turn to borrowings.
As it gets ready for disinvestment of 10 per cent government equity through the offer-of-sale route in January, T K Ananth Kumar, director (finance), tells Jyoti Mukul the company is one of the cheapest explorers and producers of oil and gas, but awaits more predictability in the government-subsidy sharing mechanism.
Appoints Foster Wheeler as consultant to prepare project report.
RBI may think twice before agreeing with suggestions of a rate cut.
Bond issue oversubscribed 15 times despite gloomy sovereign rating.
RIL is peeved with the govt for blocking of approvals and non-revision of gas price produced from its underperforming KG-D6 block.
Whatever may have been the pace, sequence or quality of reforms in the last two decades, nobody can dispute their positive impact on the degree of accountability in governance standards.
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