The Western Ghats Ecology Expert Panel report, submitted by ecologist Madhav Gadgil last year, was further delaying the Rs 30,000-crore (Rs 300-billion) refinery project of Hindustan Petroleum Corp Ltd (HPCL) in Maharashtra, a senior official of the state-run oil marketing firm said. The project has already been delayed due to bureaucratic red tape.
India Gas Solutions the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh - GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas.
The total project cost has been pegged at Rs 14,500 crore.
State-run Oil and Natural Gas Corporation (ONGC) will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan's Inpex Corporation.
BMC officials will hold a meeting through video conferencing with representatives of India Meteorological Department, and the Indian Institute of Tropical Meteorology and Mekorot officials on Thursday to draw an action plan in this regard. The move comes at a time when Mumbaikars are suffering from water cuts due to deficient rainfall.
"Air India is unable to pay even after a 90-day credit period. They owe us about Rs 300 crore without interest. There is also no bank guarantee from Air India to any of the oil marketing companies. We do not know when will the company honour its dues," said a BPCL official on condition of anonymity.
To be second Indian company after Essar to have a refinery abroad
In an interesting meeting scheduled for July 13, Pranab Mukherjee, the ruling United Progressive Alliance coalition's nominee for the Presidential election, would be calling on Shiv Sena chief Bal Thackeray, to thank him.
In its latest annual report, IIM-A has said it generated a net surplus of Rs 6.83 crore (Rs 68.3 million) for fiscal 2010-11 against an operating loss of Rs 50.49 lakh (Rs 5.04 million) in 2009-10, and Rs 6.33 crore (Rs 63.3 million) in 2008-09.
CM Prithviraj Chavan indicates issue to be discussed once again by Cabinet
The state government, through its various undertakings, has launched infrastructure development projects worth Rs 1.03 lakh crore (Rs 1.03 trillion) in Mumbai and surrounding areas.
Sushil Kumar Modi tells Business Standard the spirit of collective federalism needs to be heeded by all sides if the key reform is to become a reality.
The new rules are expected to reduce power cost.
Needed, it says, for covering its return and risks; also wants govt to stick to contract on output sharing
BJP National Secretary Kirit Somaiya alleged the current rupee dollar fluctuation was a major scam and it needed to be investigated by an expert group on a par with special investigation team.
The Maharashtra Food and Drugs Administration has initiated action against manufacturers of medicines and instruments, newspapers, TV channels and cable operators making outrageous claims through advertisements.
The peace between erring employees and the company was brought in after the intervention of Nashik Deputy Labour Commissioner R S Jadhav.
Mumbai's realty sector will protest against an alleged decision deficit and policy paralysis in both the state and central governments besides various pertinent agencies.
Prithviraj Chavan said, "I will meet Anna Hazare and will discuss at length on a range of issues. The state government is committed for a strong Lok Ayukta. Besides, my effort has been to bring in transparency in administration and sanity in governance. During my tenure as the chief minister of Maharashtra since November 2010, I have given priority for a public cause and not for personal gains. Discretionary powers have been reduced."
William D Gallo, president and chief executive officer, tells Sanjay Jog they propose to make India a hub to source solar technology for their international operations.
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