The government today said that WestingHouse has expressed willingness to continue with the Kovadda nuclear plant.
The Cabinet Committee on Economic Affairs (CCEA) today allowed companies producing coal bed methane (CBM) to sell gas to its own affiliates, by giving marketing and pricing freedom for CBM.
The Cabinet today approved sale of state-owned Indian Oil Corp’s (IOC) 24 per cent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum.
The government will launch the second round of small oilfield auction in 2017-18, and introduce a policy to incentivise production from ageing fields in a bid to raise oil and gas output declining for the past few years, the oil minister has said.
State-owned oil major ONGC has said the preliminary discussion for its acquisition of India’s third-biggest fuel retailer HPCL has started and is going on at the ministerial level.
Shares of oil marketing companies such as Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation
State-owned power giant NTPC is weighing the option of snapping power supplies to BSES Yamuna Power Ltd (BYPL), which distributes electricity in Delhi, for delay in payment of its dues.
Power equipment maker Bhel today commenced commercial operations of its first 800 MW unit, supercritical thermal plant.
India dropped on the global list of billionaires this year with the total count of billionaires falling by 11, thanks to the demonetisation drive.
The government will extend the lease for oil or gas fields four years before the initial 20-year term expires, failing which an extension plea would be deemed to have been rejected