The government is likely to clear the price quoted by Reliance Industries Ltd for its gas from the Krishna-Godavari basin without seeking to control the price.
Rs 35,000 crore investment to increase capacity by 75%.
The Fortune 500 company -- it recently improved its rank to 135 -- has identified forward integration into petrochemicals as its next big business opportunity.
The fertiliser and power companies say that the cost of gas would be too high, making operating on gas economically unviable.
With the rising price of crude oil, the gap between the desired selling price and the actual selling price -- referred to as under-recovery -- is up to Rs 190 crore (Rs 1.9 billion) a day. The solution is to raise retail prices, an unpopular move.
Will set up a 1,000MW gas-based power plant at its Gujarat SEZ.
The 386-km pipeline from Dahej to the power plant became operational on Monday.
The ethanol blended with petrol needs to be of 99.99 per cent purity.
Higher price will lead to hike in fertiliser subsidy while a lower price will hit returns.
A ministerial group is mulling a proposal to increase the troubled Dabhol power plant's capacity to 5,000 Mw from the present 2,184 Mw to ensure its long-term viability.
Finance Minister P Chidambaram on Wednesday ruled out stocks or shares as a form of recompense to those who might have lost their land while making way for industrial development.
Hazra, the director of Hindustan Aegis LPG Bottling, said that the government's stance was discouraging the multinationals from making further investments.
Shivraj Patil, who is most likely to succeed Kalam, has listed his interests as shooting and horse-riding.
The government-owned Fortune 500 company, which is the country's largest company in terms of sales, has already commissioned 1,180 Kisan Sewa Kendras.
The laying of gas pipeline to feed the 2,150-Mw Dabhol power plant owned by Ratnagiri Gas and Power Private Ltd has been delayed again.
The petroleum ministry has recommended a hike in the foreign direct investment cap in government-owned refineries to 49 per cent from the current 26 per cent.
RSS ideologue Ram Madhav speaks on the BJP and why the RSS can't be blamed for its poor showing in the UP elections.
Interest from Malaysia's Petronas in Cairn India and Swiss Petroplus in Cairn India's parent, Cairn Energy, saw the shares of both the companies gaining on the bourses.
Essar Energy Holdings, a part of the Essar group, has acquired an oil and gas exploration block in Nigeria in the latest round of bidding. The shallow offshore block is completely owned by Essar Energy.
However, with the country forecast to become the fifth largest consumer in the next 20 years, analysts are positive that the percentage of deals in the country will increase substantially.
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