Shares of Jindal Steel & Power (JSPL) advanced over 4 per cent in early trade on Monday after the company informed bourses that it has secured long-term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently concluded coal linkage auction under Sponge Iron sub-sector, conducted by Coal India Limited.
Australia-listd Liquefied Natural Gas Ltd (LNG Ltd) has signed a pact to potentially supply gas from its planned Magnolia LNG project in the US to India for 20 years. LNG Ltd signed a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc (VGS) for supply of 4 million tonnes a year of LNG from its […]
State-owned Oil and Natural Gas Corp (ONGC) today signed an MoU with Andhra Pradesh government for investing USD 5.07 billion in developing oil and gas finds off the state’s coast by 2019-20.
Shares of oil marketing companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) hit new all-time highs of Rs 392.70, Rs 726 and Rs 549.95, respectively, in Friday’s trading session.
Birla Institute of Technological Sciences (BITS) Pilani, Hyderabad campus and Mytrah Energy, an independent power producer in renewable energy signed a MoU for collaborative R&D initiatives to focus on areas of product development, research, technical support as well as training and development.
Beginning Friday, the domestic oil market in India will boast of a high-performance fuel with an octane rating of 99 -the highest in India so far – targeting high end vehicles like BMW, Porsche and Lamborghini.
Coal IndiaBSE 0.15 % is planning to offer its e-auction buyers an option to lift the purchased coal any time in the next three years. According to the company, the move will not only increase sales but also cut inventory costs of its customers.
Reliance IndustriesBSE -0.58 % is in talks to raise as much as $2.25 billion (Rs 15,300 crore) in what could be one of the biggest offshore debt issues by an Indian corporate as the energy-to-retail conglomerate seeks to replace existing high-cost borrowings as well as build a war chest for its aggressive expansion strategy in telecom.
In its two-year report card, the Narendra Modi government had claimed credit for fewer rail accidents and lower casualties. This time, railway minister Suresh Prabhu may paper over the transporter’s safety record. His officers are themselves surprised over three major accidents in a span of two months, which have claimed close to 190 lives, compared to 309 in 2015-16.
Indian foundry sector, whose 30 percent supplies goes to automotive industries, expects favourable power and electricity tariffs from the upcoming Union Budget 2017 scheduled to be presented on February 1.