Prices of natural gas, which is used to produce fertiliser and generate electricity and is also converted into CNG for use in automobiles as fuel and cooking gas for households, are set every six months -- on April 1 and October 1 each year.
This is the first payment Indian refiners have made to Iran since February.
22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.
GAIL India plans to consolidate presence in petrochemicals and renewable energy, allocate a percentage of annual capital expenditure for exploration and production (E&P), pick up equity in upstream LNG projects abroad, and pursue investments in shale gas projects in and outside.
Reliance has significant investments in telecom, consumer retail and media businesses in India.
10 analysts estimated RIL's consolidated net profit at Rs 11,256 crore and nine analysts estimated revenue at Rs 1.5 trillion.
Partha S Bhattacharyya, the outgoing chairman of Coal India, is probably best described as the man who led the company's transition from the world's largest coal miner to the country's fourth largest company in terms of market capitalisation.
Shareholders were upset with RIL's increasing focus on non-core areas and its reluctance to pay dividends
An HPCL-led consortium had put the project on hold in 2009.
Are the big five using their dominance to shut out rivals? That is the key question, says Prosenjit Datta.
As part of efforts to increase pressure on the government of Iran to discontinue its alleged nuclear weapons programme, the US has been aggressively urging foreign governments and companies to avoid commercial activity in Iran's energy sector, the State Department said after releasing a list of such companies.
Reliance Industries Ltd (RIL), the operator of the KG-D6 gas block, has told the government it cannot comply with its latest directive on prioritising gas supply.
Canadian investors have been invited to participate in the fifth biennial 'Vibrant Gujarat' summit, a global investors' meet organised by Gujarat, on January 12 and 13 next year.
Attracted by the boom in the automobile sector, Reliance Industries Ltd (RIL) has formed a joint venture with Russia's biggest petrochemical company, SIBUR, to jointly invest $450 million (Rs 2.040 crore) to set up a 100,000-tonne butyl rubber factory, said a company release. RIL will have majority stake.
The merged entity will become the third biggest refiner behind IOC and Reliance Industries.
Struggling to meet budget targets, the government had in the just concluded fiscal asked cash-rich PSUs to pay second interim dividend as well as undertake share buyback.
This comes close on the heels of the ministry's stand on the development of a new international airport in Navi Mumbai.
Global petrochemical major LyondellBasell Industries, for which Reliance Industries has made a preliminary bid, has entered into an agreement with Hyundai Engineering Plastics for manufacturing certain products in India.
Adani Group had sought 10,000 acres in the first phase and 40,000 acres in the second phase.
The Petroleum Ministry in an order on Wednesday said it has revised guidelines for allocation/supply of domestic natural gas to city gas distribution entities for CNG and piped cooking gas sector.
Reliance has around 90,000 telecom towers now, half of which are operational and owned by the RIL and rest on lease.
Global petrochemicals major LyondellBasell on Monday rejected a multi-billion dollar takeover offer from Indian giant Reliance Industries, preferring its own restructuring plan to exit bankruptcy.
Non-core sponge iron plants, petrochemicals units and oil refineries have cornered as much as 13.13 million cubic metres per day out of the 60.76 mmscmd of KG-D6 gas allocated.
Deepak Fertilizers & Petrochemicals Ltd on January 20 closed its offer to buy back equity shares.
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
-- More than 800,000 homes and businesses are without power in Texas and Louisiana as of Thursday morning -- Laura's 150mph winds made it the strongest hurricane to strike the US this year and in Louisiana since 1856
"We process about 2 per cent of the world's transportation fuels. So, whenever you fly or drive a car or things move in a truck, think about Reliance," Ambani said delving into evolution of the petrochemicals major at an award function in New York.
The Department of Chemicals and Petrochemicals on Monday announced a new scheme to set up 'plastic parks' through a cluster development approach to promote India's plastic industry.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
The government has failed to reach a consensus on the issue of setting up plastic reprocessing units in special economic zones and is likely to defer its decision once again in the meeting of the Board of Approval on October 21.
LyondellBasell had rejected a $14.5-billion takeover offer from RIL in March.
Players also seeks clarity on tax breaks under Sec 80-IB on Natural gas produced under NELP I-VIII, besides seeking declared goods status for natural gas
The West Bengal government has not given up industrialisation of the state, including finalising an alternate project for Singur, Chief Minister Buddhadeb Bhattacharjee said.
Nova's new owner has decided not to pursue this project.
To prevent rise in air pollution levels, oil marketing companies and thermal power units were planning to procure stubble from farmers to make bioethanol and promote the central government's 'Agricultural Mechanization' for crop residue management. But both have seen minimal success.
Even as there is strong public sentiment against reopening Sterlite's copper plant in Tamil Nadu come reports that four farmers groups have come out in support of the factory.
State-run BHEL on Wednesday said it has commissioned a captive gas-based power station at a refinery in Oman.
The rates set would be excluding cess, transportation charge, marketing margin/service charge and taxes.
Global petrochemical major LyondellBasell on Friday said it will raise $3.2 billion (nearly Rs 147.45 billion) through debt and issue of securities on private placement basis, which will be used by the company to come out of bankruptcy.
Prime Minister Modi arrived in Riyadh late Monday night on a two-day visit to Saudi Arabia to participate in the high-profile financial summit Future Investment Initiative, dubbed "Davos in the desert", an initiative of Saudi Crown Prince Mohammed bin Salman.
