With its investor-friendly policies, Gujarat, the state with largest refining capacity, pipeline network and a number of oil and gas discoveries, will soon become the energy hub of the country, Chief Minister Narendra Modi said on Friday.
The government on Friday said companies wanting to import liquefied natural gas will have to use Indian-flagged vessels - a stipulation which may further delay commissioning of Royal Dutch/Shell's Hazira terminal in Gujarat.
Larsen & Toubro on Tuesday announced that the company has won a key contract for construction of four ships valued at over Rs 440 crore (Rs 4.4 billion) from Zadeko Ship Management CV of the Netherlands.
Royal Dutch/Shell will receive the first cargo of liquefied natural gas at its Hazira terminal in Gujarat this month.
Reliance Industries on Wednesday launched three state-of-the-art retail outlets for diesel and petrol at Jamnagar Petrochemicals complex at Hazira and DAKC and Navi Mumbai.
Royal Dutch/Shell may source liquefied natural gas from Oman, Qatar, Malaysia and Australia for sale in India from the first quarter of 2005.
Cairn Energy of the United Kingdom has again struck oil in Barmer basin of Rajasthan, Petroleum Minister Ram Naik said on Friday.
Reliance Industries Ltd will begin full-fledged petrol and diesel retailing by June this year after it sets up 300 petrol stations across the country.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
Seven passengers were charred to death when a luxury bus caught fire after colliding with a diesel tanker in the wee hours of Wednesday on the Mumbai-Ahmedabad highway.
Essar Steel aims to participate in the indigenisation of products used in naval defence
In 2007, Essar had said it would set up a $1.8-bn unit in Minnesota, but scaled down from a full-scale taconite steel mill project to pellet plant after the 2008 financial crisis
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
Adani Enterprises, the flagship company of the Adani Group, reported a profit after tax of Rs 557 crore for the first quarter ended June 30, 2014 on the back of a 43 per cent jump in revenue.
Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Naxal violence in Orissa has also put several investment proposals in jeopardy.
Sir Mark Tully on the magic of Indian elections. A fascinating excerpt from The Great March of Democracy: Seven Decades of India's Elections.
Almost all recent labour strikes were declared illegal by the labour department of Gujarat.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
Quattrocchi lived in India for several years as the representative of an Italian firm, Snam Progetti, in the 1980s. He was close to the Gandhi family and in 1999 was named one of the accused in the case regarding the Rs 64-crore pay-off for the supply of 155 mm Howitzer guns made by Bofors, for which a controversial deal was signed in 1986 when Rajiv Gandhi was the prime minister.
India Gas Solutions Pvt Ltd -- the equal joint venture between the Mukesh Ambani-led firm and Europe's second largest oil firm - is among the three companies shortlisted by Gujarat government for giving out 25 per cent stake in the Mundra terminal.
Refining major optimistic on planned investment of $16 bn for expansion and new technology to post healthy margins
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Companies are drawn to the parks by the infrastructure and ready-to-occupy land.
But earnings of main private holding firm get a booster dose from RIL dividend
'Balakot and Pulwama will definitely help the BJP, but it will still not help them to create a 2014 like situation or go beyond that.'
Govt wants domestic production so as to save foreign currency.
The good news for the group has come from the port business.
Most of the projects face hurdles such as delay in approvals and lack of coordination between state governments and the railways.
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
He said that as the previous government could not do it, he had to do it.
Gas affected areas in Bhopal are still bereft of basic amenities.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
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