Revised JSW offer cheers Bhushan Power lenders

Revised JSW offer cheers Bhushan Power lenders

JSW Steel’s decision to make a revised offer has cheered lenders who are hoping that they will see lower haircuts while resolving the Bhushan Power and Steel case, the company that is facing bankruptcy proceedings.

India Oil Opposes Unified Tariff Proposal For Natural Gas Pipelines

India Oil Opposes Unified Tariff Proposal For Natural Gas Pipelines

Indian Oil Corporation (IOC), the country’s largest fuel retailer and among the largest operators of crude oil, natural gas and petroleum products pipelines, has opposed a proposal by the downstream oil and gas regulator Petroleum Natural Gas Regulatory Board (PNGRB) to have unified tariff for inter-connected cross country gas pipelines.