Cash-strapped oil firms seek $4-bn loan from RBI

Tuesday 26 August '08

India’s three state-owned oil marketing companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - have asked...

Govt plans Rs 1-lakh cr fund to electrify transmission sector

Saturday 5 January '08

The Government is planning to set up a national electricity fund...

Govt to sell fresh 4.75% stake in NTPC

Monday 27 August '07

The government plans to sell 4.75% of its stake in National Thermal Power Corporation.

RIL, Chevron may bid jointly for Yukos

Tuesday 20 February '07

In a move that will reinforce US oil major Chevron’s ties with domestic oil and gas biggie Reliance Industries Ltd...

Finmin rejects sops for private airline M&As

Saturday 17 February '07

The revenue department in the finance ministry has ruled out tax sops for mergers and acquisitions between private airlines.

Deora wants Budget to fund LPG, kerosene subsidy

Thursday 18 January '07

The petroleum ministry has prepared a Cabinet note seeking extension of the subsidy scheme on domestic LPG and PDS kerosene for three more years till March, 31, 2010.

Dedicated ports for car exports soon

Tuesday 16 January '07

India’s largest car maker Maruti Udyog Ltd and Japanese auto major Suzuki Motor Corporation have separately initiated due diligence to set up a dedicated facility for automobile exports in Hazira and Kandla, respectively.

Gas pipelines to get infrastructure status

Saturday 13 January '07

Finance minister P Chidambaram on Friday indicated that natural gas pipelines could be granted the status of infrastructure projects in his forthcoming Budget proposals for 2007-08.

New norms mooted for pvt players in hydel projects

Thursday 21 December '06

The ministry of power has finalised a new set of policy guidelines for allocation and development of hydel projects by the private sector.

LN Mittal forays into oil refining

Friday 15 December '06

The L.N. Mittal-owned Mittal Investments is set to be the new joint venture partner of state-owned HPCL in the latter’s Rs 16,000-crore Bathinda refinery-cum-crude pipeline project.

Pvt bids for mega power plants may be a shocker to PSUs

Thursday 14 December '06

The opening of price bids for the two ultra mega power projects at Sasan in Madhya Pradesh and Mundra in Gujarat on December 18 may come as a wake up call for power producers, including power giant, NTPC.

Heavy industry mulls NTPC-II

Friday 8 December '06

Taking the power ministry head on, the heavy industry ministry has begun brainstorming the idea of creating NTPC-II — a befitting reply to the former’s overtures on its turf.

OVL eyes stake in Sakhalin-3, to go through bidding route

Sunday 3 December '06

The first shipment of crude oil from the Sakhalin-I oil and gas field in Russia was received by Petroleum Minister Murli Deora on Saturday at the New Mangalore Port Trust complex here.