Power News

Jet fuel prices (ATF) cut by a steep 5.3%, airlines mum on airfare reduction
PTI: New Delhi, May 01, 2013 at 2043 hrs ISTThis is the second steep cut in jet fuel prices by oil companies in one month.
Price of non-subsidized cooking gas cut by Rs 54 per cylinder
PTI: New Delhi, Apr 30, 2013 at 0023 hrs ISTRates will vary in different cities, depending upon local sales tax or VAT.
Petrol price cut by Rs 3, steepest rate cut in 5 years
PTI: New Delhi, Apr 30, 2013 at 2028 hrs ISTThe fourth reduction in rates since March means that petrol in Delhi will cost Rs 63.09 a litre.
Power cos should decrease tariff if global fuel prices fall, says expert
PTI: New Delhi, Apr 28, 2013 at 1729 hrs ISTShahi, said the compensatory tariff is a variable tariff and it should be revised both ways.
DGH wants RIL to give up 86% of KG-D6 area
PTI: New Delhi, Apr 28, 2013 at 1525 hrs ISTRIL began crude oil production from MA field in September 2008.
LPG subsidy directly in bank accounts from Oct 1
PTI: New Delhi, Apr 28, 2013 at 1141 hrs ISTA consumer will have to get his bank account seeded with Aadhaar number for getting LPG subsidy.

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Suzlon's German arm REpower Systems to cut 750 jobs
Reuters: Apr 26, 2013 at 1610 hrsIndian wind turbine maker Suzlon Group's German arm said it would cut jobs across world.
Royal Dutch Shell says challenges India tax demand order in court
Reuters: Apr 25, 2013 at 1719 hrsShell stands accused of undervaluing a share sale by about $2.8 billion.
Moody's: Cairn India's dividend payout crucial for beleaguered Vedanta Resources
PTI: New Delhi, Apr 24, 2013 at 1724 hrs ISTVedanta group rating remains under review for possible downgrade: Moody's Investors
ONGC Videsh inks deal with Petro Amazonas Ecuador
Huma Siddiqui: New Delhi, Apr 24, 2013 at 1508 hrs ISTONGC Videsh, witnessing decline in oil and gas production, is seeking to expand in LatAm.
CCI approves 13 power projects worth Rs 33,000 cr
Press Trust of India: New Delhi, Apr 22, 2013 at 2133 hrs ISTCCI reviewed the status of 20 projects, each with investment of Rs 1,000 crore or more.
Price pooling of coal spiked by CCEA
Press Trust of India: New Delhi, Apr 22, 2013 at 2131 hrs ISTGovernment today buried a proposal to pool prices of coal owing to sharp opposition to scheme.
Cairn India net profit up 17% at Rs 2,563 cr
Press Trust of India: New Delhi, Apr 22, 2013 at 2130 hrs ISTCairn India is the operator of the nation's biggest onland oilfield.
Parliament session likely to be stormy as Opposition set to corner govt over 2G, coal scam
PTI: New Delhi, Apr 21, 2013 at 2143 hrs ISTA Raja, accused in 2G scam had sought an opportunity to depose before JPC, which was denied.