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.
With an eye on bigger imports, the oil marketing firm may get its French partner Total to set it up.
IndianOil Corp Ltd, for instance, saw a growth of around 22 per cent in volumes and nearly two per cent in its market share. It traded nearly 10,517 million tonnes (mt) of auto gas in December against 8,593 mt of auto gas in September.
Their first target would be bulk buyers.
Sharp decline in production from flagship Krishna-Godavari basin has changed the business mix for the company.
Analysts say the company's petrochemical segment and higher other income would boost its revenues. On an average, brokerages expect RIL's net profit to rise 12-17 per cent compared with the year-ago period.
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.
Essar Energy CEO Naresh Nayyar tells Business Standard that in 2013, the company would focus on optimising the operations of the commissioned units and generating cash flows.
This adds to the list of projects that left the state, whose industrial image has suffered
The HPL board had reinstated its CDR committee to woo lenders.
ONGC's foreign arm had agreed to buy firm's stake in Kashagan field for $5 billion.
Appoints Foster Wheeler as consultant to prepare project report.
Haldia Bulk Terminals pulled out of 10-year contract for cargo-handling operations, blaming the political climate and "vested interest".
GAIL will have 36 months to lay and commission the pipeline with a capacity to transport up to 60 mscmd of gas.
Maharashtra SEZ act yet to be notified.
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