The company adopted the scheme from parent Suzuki, where employees are rewarded for making suggestions to improve productivity and cut wastage.
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
The price would increase from $4.2/mbtu to $10/mbtu if Rangarajan formula is accepted.
A large part of this investment, about Rs 5,000 crore (Rs 50 billion), would go to the Paradip refinery
Oil marketing companies decrease distribution & production of fuel brands after huge drop in demand.
First right of refusal may be limited to firms working under NELP, leaving out pre-NELP blocks run by big firms such as RIL and Cairn India.
This is the second postponement of the DBT launch in LPG. It was initially planned to be introduced from January 1.
Relief seen from easing global crude oil prices, phased diesel decontrol and capping of LPG cylinders.
Not only does there appear to be no meeting ground on the issue of a pricing formula proposed by the committee, the petroleum ministry wants another committee headed by Vijay Kelkar to look into the other major recommendation of moving to the revenue sharing model in exploration and production.
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.
Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis.
RIL also reported measures taken to check falling output in the KG-D6 field.
B-schools cite high inflation and rising operational costs behind the move.
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.
On January 17, when the government decided to allow state-owned oil companies to sell diesel at market price to bulk consumers, companies in the alternative energy space saw the opening of an opportunity.
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