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.
Interview with Qimat Rai Gupta, who in 1958, began as an electrical goods trader in Delhi, with practically no capital. Today, his company is India's largest electrical products manufacturer, with facilities across India, Europe, Latin America and Africa.
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.
In its draft report, the research agency has recommended linking the valuation of coal reserves to be put up for bidding to international prices.
Although the apex court's opinion on the Presidential reference comes at a time when the floppy bidding route for coal blocks is being criticised, it will not come in the way of allocation of natural resources through auctioning.
Mandatory pvt participation, annual tariff hikes, conforming to FRBM limits seen difficult.
The government's high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three blocks, given to Nagpur-based Shree Veerangana Steels.
IndianOil targets monthly 5,000-tonne polypropylene exports
About two million tonnes (mt) of condensates produced by the oil company were taken into account while apportioning the subsidy burden.
The three-year comparison results from the lack of corresponding figures for 2009-10 and 2010-11, as MoSPI publishes data with a huge lag.
Mehta's exit and Hilton's entry would see the company making history in India, where women have remained out of the chairperson's slot in energy companies, private or state-run.
The board, on the urging of six independent members, had earlier turned down a government directive to commit at least 80 per cent supply to power companies.
The recommendation, if implemented, could severely dent coal miners' bottom line.
Wondering why rail traffic congestion does not ease, power cuts are frequent or why mining continues to be a laggard despite investments? The answer to all such questions is cost overruns.
Demands include clearing eight critical coal blocks attached to projects of big corporate houses.
