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.
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.
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.
Link between oil exploration and markets can be used by India to great advantage.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
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.
"As Prime Minister (Narendra) Modi said in his latest campaign, 'Modi hai to mumkin hai,' or 'Modi makes it possible', I'm looking forward to exploring what's possible between our people," Pompeo said in his major India policy speech at the India Ideas Summit of US-India Business Council on Wednesday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Earlier in the day, the prime minister inaugurated a slew of development projects and laid foundation stones of several others related to energy, connectivity, education, tourism and health sectors.
The then prime minister Manmohan Singh had visited Doha in 2008.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
'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.
'Misplaced national priorities have brought the economy to a cul-de-sac,' says Ambassador M K Bhadrakumar.
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.
Media has raised the issues that new pricing to benefit Reliance Industries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
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.
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.
