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.
LPG alone will save us Rs 8,000 cr a year: M Veerappa Moily.
NTPC raises new demands, while CIL is not willing to yield
The company wants 'economic restitution' due to rupee depreciation and changes in law.
In an interview with Business Standard, CIL Chairman Singayapally Narsing Rao attributes the performance to volume growth but adds a decision on price hike will be taken at an appropriate time.
The move comes at a time when consumers are shunning high-quality coal, which has become costlier than prevailing market rates globally.
This comes against the backdrop of the capital expenditure of these companies rising a mere 1.7 per cent this year, though the projection at the beginning of the year was of six per cent growth.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
The allocations followed two stages.
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.
To float SPV, levy user charge on consumers to cover investment cost.
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.
The steepest hike is in poll-bound Gujarat. Agricultural tariff in the state grew 47.2 per cent.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.
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