Oil and Natural Gas Corporation has made five oil and gas finds in eastern offshore and north-east, the most significant being a gas discovery in the Mahanadi basin block where 3-4 trillion cubic feet of gas reserves have already been established.
BG Group of UK is planning to buy stake in ONGC's oil and gas blocks.
The high-flood situation in the Mahanadi river system in Orissa did not cause as much damage as feared even though the rivers were flowing above their danger levels.
On the itinerary: Luxury camping, tribal homestays, heritage cities.
The floods in the Mahanadi system have already affected over three million people in six coastal districts.
'According to politicians, farmers are the fourth grade citizens of India.' 'We farmers could meet the prime minister and ministers during Congress rule.' 'But none of the BJP ministers want to even meet us.' 'The prime minister has time only for foreigners, but has no time to meet us farmers.'
The floods so far have claimed 21 lives, official sources said. Eleven people drowned in the floods, seven died in wall collapses and three deaths were caused by snake bites.
Kamal Haasan talks to Subhash K Jha about his new film Paapnasam, and how it may affect Ajay Devgn starrer Drishyam.
Death toll due to floods in Odisha climbed to 45 and number of people affected by the deluge to over 32.9 lakh on Sunday as the situation improved gradually with receding water level in many areas.
Photos that will make you forget everything you thought you knew about the state.
Terming the severe floods in Orissa as man-made, Congress on Tuesday accused Biju Janata Dal government in the state of failing to provide relief to marooned people after exposing its inability in preventing the calamity.
Coimbatore based reader Bibhuti Bhusan Mohanty shared his story.
Holding Orissa Chief Minister Naveen Patnaik responsible for the devastating flood in Orissa, Bharatiya Janata Party on Tuesday said almost half of the state was submerged by the Mahanadi river system due to "mismanagement of water" at Hirakud reservoir, bringing miseries to lakhs of people.
Air dropping of food was suspended after five days on Friday with flood waters receding in the Mahanadi delta in Orissa, as a fresh flood in Baitarani river threatened three districts.
With 877 villages completely cut off from rest of the state due to high flood in Mahanadi river system, Orissa government Sunday began air-dropping of food packets in worst hit areas as the death toll rose to 16, official sources said.
The Coal Ministry has issued show-cause to eight firms including Hindalco Industries and Mahanadi Coalfields, and sought explanation from five firms for delays in commencing production from mines allocated to them.
Altogether 250 labourers were trapped about 700 feet below the ground level in the underground mines near Talcher as the lift meant for bringing them up after their shift failed to function, a spokesman of MCL said. A rescue operation was launched immediately with the help of another lift meant for taking out coal from the mines and 100 workers were first brought up, he said.
The state government sounded a high alert in four coastal district of Cuttack, Jagatsinghpur, Kendrapara and Puri in view of the flood which has claimed nine lives so far. Evacuation operations has been launched on a big scale to shift the residents of low-lying areas to the safer places.
Rediff Labs analyses the current storage departure of water in 91 reservoirs across the country.
Earlier bidders in the SHAKTI auction were finding it difficult to meet their PPA obligations owing to shortfall in coal supply. The industry lobby has urged the Centre to review the guidelines and allow former participants as well.
Officials said there was also a threat of more rains in the state.
ONGC is close to finalising a stake sale in two of its blocks -- one in the Krishna-Godavari basin and another in the Mahanadi basin -- to British Gas. It is also talking to US-based Noble Energy for offering it stake in some of its blocks in India. ONGC has already agreed to give a stake to Brazilian company Petrobras, Norwegian company Norskhydro and Italy-based ENI in its countrywide blocks.
India's east coast is emerging as one of the hydrocarbon hotspots in the world with 100 trillion cubic feet of gas and two billion barrels of oil in place.
Collectors of the districts threatened with inundation have been alerted.
The heritage Darjeeling Himalayan Railways will resume the toy train services from December from Siliguri.
Hindalco is currently one of the frontrunners in the coal auction
State-owned Coal India Ltd has decided to make a foray into power generation and the company is in talks with Neyveli Lignite Corporation to set up a 2000 mw pithead power plant at its subsidiary Mahanadi Coalfields Ltd.
Chan Chowdhry, the industrialist who owns an engineering firm in London, made the announcement at a meeting of investors convened by Chhattisgarh Chief Minister Raman Singh in Raipur on Wednesday night.
Asian Development Bank has sanctioned $313.6 million for various railway projects in the country, while the World Bank has provided $463 million for an urban transport project.
Chief Minister Ajit Jogi visited the affected areas and distributed food packets.
After a 10-month probe, the Central Bureau of Investigation has decided to file a closure report in the coal block allocation case involving industrialist Kumar Mangalam Birla and former Coal Secretary P C Parakh as the agency could not find any evidence in this matter.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances