RGPPL has signed a power purchase agreement with the government of Daman and Diu for selling about 98 Mw of power from July.
When Modi Rubber closed an agreement with German tyre manufacturer Continental for outright sale of Modi Tyre Company Ltd (MTCL) last month, the exit led to speculation of the group foregoing interests in the segment.
The report, submitted to the government last week, says the slow pace of field development is the reason production has fallen to 50 million standard cubic metres a day (mscmd) from a peak of 60 mscmd last year.
ONGC went for a stock split in preparation for a follow-on issue that is expected to hit the market in the second quarter of 2011-12.
IEA has forecast that in 2011 demand will grow by 1.4 million bpd to 89.4 million bpd.
Reliance Industries Ltd (RIL), the operator of the KG-D6 gas block, has told the government it cannot comply with its latest directive on prioritising gas supply.
Started in 1857, Alstom is one of the grand old companies of Europe.
New players in the organised branded garment retail industry such as Koutons and Cantabil along with a host of other brands are going through a tough time, thanks to the rapid expansion via debt and their deep discounting model.
It plans to invest Rs. 10,000 crore to set up a power generation capacity of 2,500 Mw near Pune.
RIL is insisting on a more relaxed contract for committing more gas to NTPC.
With RIL's KG-D6 output playing truant, steps need to be taken to stabilise the country's natural gas production.
When people get used to something, they want more of it. But gas will always be short in India. All estimates of gas demand are hugely pessimistic.
The government will reserve the right to decide on the cost recoverability of royalty from Cairn India's block in Barmer while clearing Cairn Energy's sale of its Indian subsidiary to Vedanta Resources.
The government had in July 2010 imposed a cess on coal at an effective rate of Rs 50 a tonne.
There was a time when gas was offered to India at a cheaper price but we could not close those deals.
After prospects of a higher subsidy outgo on food and fertilisers, the government is faced with the spectre of a higher petroleum subsidy. Rising crude oil prices and its inability to increase fuel prices is all set to spoil the government's subsidy calculations. The country meets 80 per cent of its crude oil demand through imports.
The company is also looking to expand the supply of gas by roads and is evaluating creation of small storage hubs along the highways.
Indian companies with exposure to Egypt are keeping their fingers crossed as the Arab Republic is faced with a massive unrest.
The Gurgaon-based company, which is in negotiations with Chinese banks, expects to clinch the loans by September.
A series of rises in petrol price following its decontrol on June 25 last year has increased the state governments' earnings from value added tax on petrol by around 21 per cent.
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