The initial public offering of India's first liquefied natural gas importer Petronet LNG Ltd may be postponed by a week as differences between promoters and merchant bankers delayed fixation of price band for the issue of 261 million equity shares.
Electricity from Dabhol power project in Maharashtra, which is likely to restart from July 2006, will cost Rs 2.50 to Rs 2.75 a unit, 20 per cent more than previous estimates as natural gas prices have firmed up.
Petronet LNG Ltd will float an initial public offering of 261 million shares, representing 34.8 per cent of the total equity of the company, around mid-February, P Dasgupta, director (finance), PLL, said in New Delhi on Friday.
'The challenge before the two countries is to turn the peak into a plateau and enter an irreversible phase of cooperation,' notes Ambassador T P Sreenivasan.
India's flagship overseas firm ONGC Videsh Ltd is likely to get a 20 per cent stake in the Khusk and Hosseineieh oil fields in Iran on nomination basis.
Petro retailer IBP Co Ltd said on Thursday that it will invest Rs 528 crore (Rs 5.28 billion) in expanding its retail petrol pump network in 2004-05 and launch a pilot project for use of LNG in automobiles directly.
Reliance Industries may sell one-fourth of the 40 million standard cubic metres per day of natural gas production likely from its gigantic Krishna Godavari field off the Andhra coast to Dabhol Power project in Maharashtra after its revival.
Pompeo will travel to India, Sri Lanka, Japan and South Korea from June 24 to 30. His four-nation is aimed at deepening US partnerships in the strategic Indo-Pacific region.
State-run gas firm Gas Authority of India Ltd has joined hands with Tata Power Co Ltd and British Petroleum to bid as a group for bankrupt US energy firm Enron Corp's Dabhol power plant and LNG import terminal in Maharashtra.
The bidding for Petronet LNG Ltd's initial public offering has received a good response with subscription of 2.42 times the offered shares at the end of the bidding process on Tuesday.
The initial public offering for Power Trading Corporation Ltd has received an overwhelming response with investors putting pledge for 16.5 times the issue size at the end of bidding process on Monday.
Petronet LNG is likely to first allot shares to qualified institutional bidders -- bidding at Rs 15 a share in the event of the offer price being fixed at the lower end of the Rs 13-15 price band.
India has offered to invest over $1 billion in building a plant to liquify natural gas in Iran so as to cut the cost of the liquefied natural gas from Iran to almost the same levels as that of subsidised natural gas in India.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
With India poised to receive its first import of liquefied natural gas, the government has drawn up plans to expand in a big way the CNG supplies to several urban areas in the country.
Petronet LNG Ltd, India's first liquefied natural gas importer, will file a draft prospectus on Tuesday for an initial public offering of 271 million equity shares, representing 35 per cent of equity, to raise around Rs 400 crore.
Petronet LNG Ltd on Tuesday said the offer price of its initial public offering of 261 million shares, which will be floated around mid-February, will be decided through book building.
'Misplaced national priorities have brought the economy to a cul-de-sac,' says Ambassador M K Bhadrakumar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The then prime minister Manmohan Singh had visited Doha in 2008.
India's first liquefied natural gas importer Petronet LNG Ltd will raise Rs 391 crore (Rs 3.91 billion) through the initial public offering of 260 million equity shares with the offer price being fixed at Rs 15 per share.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
If approved, gas price will rise to $6.775 per million British thermal unit from $4.2 currently.
With a view to reducing its dependence on conventional sources of energy, Railways is looking to harness solar power in a big way and is likely to include a plan for the same in its upcoming budget.
So, how does Pompeo's check list look like? In a broad sense, he is coming here 'to make sure that we have economic openness'; to ensure that 'we have to deliver'; to understand that 'we have to execute' what we promised to do; and, to 'broach some tough topics', points out Ambassador M K Bhadrakumar.
Media has raised the issues that new pricing to benefit Reliance Industries.
Modi said the push towards a gas-based economy where the share of environment-friendly fuel in the energy basket will be increased from 6.2 per cent to 15 per cent by 2030, will create lakhs of jobs and help meet India's COP-21 commitment of cutting emission intensity by 33-35 per cent.
Terming Delhi Chief Minister Arvind Kejriwal ordering FIR against it as shocking, Reliance Industries said the complaints that were used to base the action are baseless and devoid of merit or substance.
A day after deciding to nearly double natural gas prices to $8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.
India and Brunei on Tuesday emphasised the need for a peaceful solution to the South China Sea issue through discussions as Vice President Hamid Ansari held wide-ranging talks with the top leadership here, with the two sides signing three agreements including on defence.
'China was the elephant in the Oval Office and Trump would have sensed that Modi's foreign policy architecture has become disoriented sans the US' pivot to Asia,' points out Ambassador M K Bhadrakumar.
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
Stocks to watch: Pipavav Defence, ABG Shipyard, Bharati Shipyard
Modi and the Qatari Prime Minister, who is in New Delhi on his first visit, discussed enhancing cooperation in defence and security, in particular in cyber security and agreed on joint action to tackle money laundering and terrorist financing.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
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