Indraprastha Gas Ltd (IGL) has got the licence from the Haryana government to set up 10 CNG stations and cater to 10,000 piped natural gas (PNG) users in Gurgaon, which is expected to generate annual revenue of Rs 150 crore for the city gas distribution company.
ONGC is committed to reduce the import burden of oil and gas by 10 per cent, as exhorted by Prime Minister Narendra Modi, said a senior ONGC official.
The government has slapped additional penalty of USD 264 million (about Rs 1,700 crore) on RIL and its partners for producing less than the targeted natural gas from the KG basin block in 2015-16.
Although the market is cheering revival of Chinese coal demand in the short term, how long the rally will hold is anybody’s guess.
As India promotes domestic usage of coal to cut dependence on imports, China’s imports are on the rise in a contrasting trend. But a billion dollar question is, will China be able to pick up the slack left by India in the world coal demand?
Kolkata-headquartered Simplex Infrastructures may bag the contract to build the 7.5-km Metro corridor and five stations between Gottigere and Swagath Road Cross on Bannerghatta Road as it has quoted the lowest bid.
Taking their cues from a slowing growth in the Chinese refining sector and rising shale output in the US, the global oil market slightly weakened on Monday.
Tata Power’s consolidated profit after tax (PAT) more than doubled in the quarter ended June on the back of strong performance of its coal and renewable energy businesses.
Maharashtra utilities are REC’s biggest borrowers, with Maharashtra State Power Distribution Company and Maharashtra State Electricity Distribution Company between them owing Rs 23, 441 crore, or 11.28 per cent of loan book, to the state-owned non-banking finance company.
REC has fairly spread its loan exposure to avoid concentration of risks to a few borrowers. Some 10 state-owned utilities account for nearly 37 per cent of total loan amount owed to the company as at the end of June. Moreover, no single borrower accounts for more than 7 per cent of REC’s loan book.
Given the company’s credit metrics -- it has 130 billion rupees ($2 billion) of cash on its books and a long-term rating that’s a notch above the government -- the issuance will be bought by investors drawn to one of the world’s fastest growth rates and Prime Minister Narendra Modi’s economic policies.
Bond bulls are drooling as ONGC plans to hit the debt market for the first time to raise as much as $5.2 billion to buy government’s stakes in HPCL and finance its projects.
Ivanka Trump To Lead Us Delegation At Global Entrepreneurship Summit To Be Held In Hyderabad In November
Ivanka Trump, Advisor to President Donald Trump will lead the delegation at Global Entrepreneurship Summit (GES) which will be will be held November 28-30 in Hyderabad.