This comes against the backdrop of the capital expenditure of these companies rising a mere 1.7 per cent this year, though the projection at the beginning of the year was of six per cent growth.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
The allocations followed two stages.
Their first target would be bulk buyers.
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.
To float SPV, levy user charge on consumers to cover investment cost.
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.
The steepest hike is in poll-bound Gujarat. Agricultural tariff in the state grew 47.2 per cent.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.
Interview with Qimat Rai Gupta, who in 1958, began as an electrical goods trader in Delhi, with practically no capital. Today, his company is India's largest electrical products manufacturer, with facilities across India, Europe, Latin America and Africa.
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.
In its draft report, the research agency has recommended linking the valuation of coal reserves to be put up for bidding to international prices.
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.
The government's high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three blocks, given to Nagpur-based Shree Veerangana Steels.
IndianOil targets monthly 5,000-tonne polypropylene exports
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances