AIL (India) recently launched an online portal allowing third-parties to book natural gas capacity online. The company which owns 70% of the nation’s network, that is, 11,400km of natural gas pipelines, has allowed third-party access to natural gas pipelines since 2004.
Moody’s Investors Service says that higher oil prices than in the last two years and rising interest rates are raising pressure on the Government of India’s (Baa2 stable) budget and current account, although mitigated by robust GDP growth and other factors.
Indian Oil Corporation Ltd’s Q1FY19 Standalone Net Profit Rises 50.18% Yoy To Rs6,831.10cr: Beats Estimates
Indian Oil Corporation Ltd. reported Q1FY19 results beating street estimates.
Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today said it had signed a long term agreement with GAIL (India) Ltd,
Maharashtra and Rajasthan electricity regulatory commissions have given their go-ahead for compensatory tariffs for Adani Power’s Kawai and Tiroda power plants, as per a Wire report.
India will allow explorers to appraise for oil and gas in areas adjacent to their contracted blocks, where a discovery has been made, according to a notification on the oil ministry’s website.
India’s oil consumption surged 4.5% in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared.
Adani Ports and Special Economic Zone (APSEZ) has announced that the Supreme Court has restored the environment clearance granted to APSEZ’s Hazira port. The Supreme Court’s ruling sets aside National Green Tribunal’s (NGT) January 2016 order to cancel the green clearance to this port.
Coal India Ltd (CIL) has reported a production of 44.8mn tonnes for the month of April 2018, an increase of 16.7% yoy for the month of April 2018. Offtake for the month stood at 51mn tonnes, an increase of 12.9% yoy. This marks a 96% achievement of the company’s monthly production target and a 90% achievement of the monthly offtake target.
The growth of the capital goods industry had been subdued over the last 6-7 years.