Saurabh Kumar

Articles By Saurabh Kumar

338 Articles

Expansion mode: ONGC readies investment plan for Kutch offshore

While work to put the basin on the oil and gas production map of India has been going on for two-three years, the recent changes in the policy framework has buoyed the state-run firm, according to a company executive.

Industry News

Flawed GST structure putting domestic makers of Indian Railways locomotives, rolling stocks at a disadvantage

Under Chapter 86 of the GST tariff rules, specified items for supplies to the railways are taxed at a benign 5% but without a refund of unutilised input tax credit (ITC).

Flawed GST structure, gst structure, indian railways, gst  tariff rules, ITC, rolling stocks, GST rates, railways capital goods supplier News

Indian Railways passengers can soon enjoy music, movies and more on the go! New on demand service in the works

The Indian Railways does not seem to have lost its enthusiasm to add to its revenues by offering paid content (music, movies and more) on demand to passengers.

indian railways, indian railways revenue, OTT players, indian railways non fare revenue, indian railway passengers, IRSDC News

In the pipeline: ONGC to start gas production from KG basin by December

ONGC is pumping in Rs 57,000 crore in the KG-DWN-98/2 project in the Bay of Bengal apart from developing other discoveries on and off the west coast.

ONGC, KG basin, Reliance Industries, Hydrocarbon Exploration, KG basin discoveries News

Power to the kitchen: Govt to promote electricity as cooking fuel

The Ministry of New and Renewable Energy (MNRE) has requested the Ministry of Petroleum and Natural Gas (MoPNG) to divert a part of the cooking gas and kerosene subsidy (around Rs 25,000 crore/year) towards solar photovolatai

100% electrification, Saubhagya scheme, electricity for cooking, MNRE, MoPNG, solar generation News

Oil imports: Mangalore refinery to explore US oil for supplies beyond Iran

“Going forward, we will explore import options from the US by evaluating the economics of handling US crude,” said M Venkatesh, managing director at MRPL, adding that all options are open and the company will opt for the

Oil imports, Mangalore refinery, US oil, Iran, MRPL, ONGC, Saudi Arabia News

Reliance, Nayara, Total seek to be part of LPG subsidy transfer mechanism

Ask the government to allow them to have a level playing field with the state-run oil marketing companies.

Commodities News

PNGRB scanning EWPL records after reports of laundering of $1.2 billion

East West Pipeline, previously known as Reliance Gas Transportation Infrastructure, is owned by billionaire Mukesh Ambani.

Industry News

Indian Railways achieves highest ever capital expenditure in 2018-19

As reported by FE, after negotiations that went on for almost a year, the ministry of finance has agreed to service debt—both principal and interest—which the Indian Railways will take under EBR to fund ‘nationally impo

Infrastructure News

Indian Railway Finance Corporation raises $500 million through dollar bonds

Mehta, however, cautioned that usually an un-hedged exposure is taken by firms whose balance sheets have a natural hedge, that is inflows are also in the same currency in which it avails loans.

Infrastructure News

Finance Ministry to service railway loans for ‘nationally important’ projects

The nationally important projects to be funded via the new mechanism include projects in the northeast, apart from others, but are not strategically important projects for which funds come from the defence ministry.

Infrastructure News

City Gas Distribution: New gas licences promise solid gains

While some experts have expressed doubts about the aggressive bidding in latest rounds, private players are sure of meeting targets.

Industry News

Indian Railways to get $750 million boost! Loan from ADB to help stick to capex plan

Though the exact cost of the ADB loan could not be immediately ascertained, the transporter is likely to get it at a rate of interest which would be only 125 basis points higher than the cost of funds for ADB.

Infrastructure News

IRFC, Indian Railways financing arm, wants waiver from stock market listing – here’s why

MIGA helps multilateral lenders to make cross-border lending by identifying risk-free avenues in developing countries; sovereign guarantee (usually accorded to 100% state-owned entities) is one of its chief criteria.

Infrastructure News

What firms are doing to bag lucrative gas distribution contracts

These numbers compare to the average of 50 CNG stations (total 4,346) across the 86 GAs during the ninth round.

Economy News

LPG, Kerosene subsidies: Govt unlikely to pay Rs 32,000 crore dues before March-end

After adding the carried forward amount from last year, the total subsidy demand for the current year comes to around Rs 48,500 crore.

LPG subsidies, LPG prices, petroleum ministry, PMUY, finance ministry, BPCL, indian oil News

Govt panel seeks probe in Pune Metro tender

MMRCL is a special purpose vehicle equally owned by the government of India and the government of Maharashtra.

Pune Metro News

Railways to miss electrification target by a wide margin

Electrification of tracks is expected to reduce diesel consumption by about 2.8 billion litres, resulting in the railways reducing its energy bill by about Rs 13,000 crore per annum by FY22.

Infrastructure News

Lok Sabha Elections 2019: Code of conduct puts brake on Ujjwala implementation

Launched in May 2016, the PMUY was initially aimed at providing clean cooking fuel to 5 crore women from households classified as BPL under the Socio Economic Caste Census 2011 over a period of three years.

ujjwala yojana 2019, ujjwala scheme, model code of conduct 2019, lok sabha elections, News

Deadline looms: Bharti Airtel, DLF, top PSUs among companies yet to appoint woman directors

In total, 101 companies are non-compliant on this parameter as on date. The new regulation comes into effect from April 1.

Industry News

Nestle India unlikely to increase royalty payout beyond 4.5%

Explaining the rationale for royalty, Narayanan said technology, brands and processes used by Nestle India belong to the global parent and these are of global standard adapted locally in the country.

Industry News

IHH has Rs 3,400 crore in escrow account for Fortis open offer, says CEO Tan See Leng

Even as the Supreme Court has extended status quo order on the open offer of the IHH Healthcare to acquire another 26% stake in Fortis Healthcare (FHL), the Malaysian company has already set aside Rs 3,400 crore in an escrow

Industry News

ONGC yet to submit development plan for GSPC field

ONGC completed the acquisition of GSPC’s 80% in DDW in August 2017.

Industry News

Northeast gas grid project likely to get Rs 5k crore from Centre

Given the cost of the pipeline project at around Rs 9,300 crore, the viability gap funding will be more than 50%.

Industry News

Oil slick: Govt dilutes revenue sharing model for oil exploration

The Centre has also been concerned about contractors not opting for the unexplored blocks in category 2 and 3 basins where they need to explore and establish the prospects.

Hydrocarbon Revenue: Irrational offers prompt changes News

Hydrocarbon exploration: DGH to be single window for nod to contractors

These proposals were cleared by the Union Cabinet on Tuesday while approving changes in the Hydrocarbon Exploration and Licensing Policy (HELP) and will be notified soon.

Hydrocarbon exploration: DGH to be single window for nod to contractors News

Leaner management, empowered hospitals: IHH’s plan for Fortis Healthcare

The board members held meetings in Chandigarh, Gurgaon — which had in attendance, apart from local hospital managers, representatives from Jaipur, Chennai and Kolkata hospitals — and then Bengaluru.

Industry News