Power - Power Industry, Power Industry News

Govt to pump in Rs 2,080 cr for power development and reforms

The Budget gave a big boost to power reforms programme by increasing allocation to Rs 2,080 cr, or a rise of 160 pct from previous fiscal.

Budget unlikely to raise cess on petrol, diesel

The Budget is not likely to raise the much-talked-about cess on diesel and petrol.

Govt to roll back fuel prices if crude rates dip

Govt will roll back the hike in petrol and diesel rates if international crude oil prices stabilise.

NHPC's IPO within two months: Shinde

Union Power Minister Sushil Kumar Shinde said state-owned hydro-electric giant NHPC will come out with its IPO within two months.

GVK Power prices QIP issue at Rs 41.35 a piece

GVK Power & Infrastructure said it has fixed the price for the issue of 17.33 crore shares for the institutional buyers at Rs 41.35 a piece.

Oil PSUs to invest Rs Rs 57,475 cr this fiscal

ONGC will invest Rs 20,867.58 crore in 2009-10 fiscal, while IOC has planned Rs 11,561 crore.

PSU fuel retailers to set up 2,263 new petrol pumps

The three oil marketing companies will set up 2,263 new petrol pumps over an above the 35,068 pumps they already own.

India can save $8.3 bn annually on Rel KG-D6 gas

Reliance Industries' KG-D6 gas fields at peak production will help the nation save $8.3 bn annually.

Govt not a party in gas dispute case: RNRL

RNRL's counsel said, the ministry has been joined by RIL in Supreme Court as an intervener only.

GAIL to raise 2000 cr for expansion

About Rs 700 crore would be raised from OIDB and the remaining would be borrowed from banks as term loan.

Apex court to hear petitions of RIL, RNRL

Supreme Court will hear RIL's and RNRL's petitions on the gas dispute between the two firms.

Govt not to sell 10 pct stake in Bhel

The government is not considering selling a 10% stake in power equipment manufacturer Bhel, Parliament was informed on Thursday.

Fuel prices to be rolled back if crude dips: Deora

The government will roll back the Rs 4 a litre hike in petrol prices and Rs 2 a litre increase in diesel rates if international crude oil prices stabilise between $50 and 60 a barrel, oil minister Murli Deora said.

RIL makes Govt party to gas supply dispute

RIL has made the Government party to gas supply dispute with RNRL.

Initial work on Bhatinda refinery likely by 2011: Mittal

L N Mittal said initial installations at Bhatinda oil refinery is likely to come up in the first half of 2011.

ONGC sees lower fuel subsidy burden

ONGC's Chairman said, if the prices remain around $70, the subsidy burden is going to be less.

RIL to appeal on gas deal with RNRL

RIL would appeal to SC against a ruling that it should enter into a gas supply agreement RNRL.

Decontrol fuel prices: Economic Survey

It is high time that petrol and diesel prices were decontrolled taking advantage of low inflation and global crude prices, the Economic Survey said.

ECL, BCCL should be listed: Economic Survey

The pre-budget economic survey mooted for listing of Coal India's two sick subsidiaries, BCCL and ECL.

Govt refuses to roll back hike in petrol prices

UPA allies DMK and Trinamool Congress, slammed the hike in petrol and diesel prices and demanded a roll back, which was rejected by the Govt.

RIL to close Jamnagar refinery for 2-3 weeks

Reliance Industries will partially shut down its old Jamnagar refinery (J-1) for 2-3 weeks to carry out maintenance work.

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