Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis.
LPG alone will save us Rs 8,000 cr a year: M Veerappa Moily.
There is eight per cent quota for former defence personnel and employees of central and state public-sector undertakings.
The project involves dredging the stretch of water between Tamil Nadu and Sri Lanka to make it navigable for ships.
Finance, oil ministry tussle over exports.
While eyeing inorganic growth, the company is considering setting up skilling centres in Africa, Bangladesh and Pakistan.
The company wants 'economic restitution' due to rupee depreciation and changes in law.
According to an official source, the Rs 8,000-crore (Rs 80-billion) capacity expansion plan by Chennai Petroleum Corporation Ltd may get hit as European companies are reluctant to give technology licensing for the upcoming six-million tonne units.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
Under the current agreement, a dealer of a state-owned firm is allowed to sell only that OMC's products
Under the current agreement, a dealer of a state-owned firm is allowed to sell only that OMC's products.
Bangladesh government has shortlisted bidders for a 5-mt LNG terminal at Moheshkhali island in the Bay of Bengal.
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.
The Kolkata-based coal miner has tied up with the US-based Advance Resource International Inc for exploration and identification of the potential shale deposits within the company's coal blocks.
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.
This adds to the list of projects that left the state, whose industrial image has suffered
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.
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