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.
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.
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.
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.
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.
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.
He says he's now confident of arresting its decline through various measures, including renewed focus on landline and mobile services, sorting out procurement problems and outsourcing unutilised space and tower management.
The telecom industry, with a cumulative debt of around Rs 2,75,000 crore (Rs 2,750 billion), has been mired in various controversies, besides facing intense competition, low tariffs and falling margins.
The Department of Telecommunications (DoT) expects to finalise the norms for mergers and acquisitions and spectrum sharing by the end of June. It also plans to approve the National Telecom Policy (NTP), 2012, by the end of July.
The commission has disagreed with another key proposal -- that of allowing operators a deferred payment scheme after the auction.
The paying capacity of telcos will not be the same over the next two decades. J S Sarma, chairman of the Telecom Regulatory Authority of India, says after the regulator recommended a high reserve price for the auction of 2G spectrum.
The paying capacity of telcos will not be the same over the next two decades. J S Sarma, chairman of the Telecom Regulatory Authority of India, says after the regulator recommended a high reserve price for the auction of 2G spectrum.
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 move is being considered after growing clamour from competing 4G operators for a level playing field in relation to Qualcomm.
According to data from the Central Electricity Authority, the stock at 30 plants, with a total capacity of about 26,320 Mw, is at a critical level (would last less than seven days).
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