NMDC Limited and NLC India Limited (formerly Neyveli Lignite Corporation) may invest over USD 26 million for setting up an R&D facility for developing innovative technologies in iron and steel making.
The industrial hub of Indore, popular for its mouth-watering ‘poha’ and other snacks, is in a spic and span form after bagging the cleanest city tag in the ‘Swachh Bharat Abhiyan’ for the second year.
Airlines can annually earn combined input tax credits of Rs 5,220 crore – more than five times of what they are getting now – if jet fuel is bought under the ambit of goods and services tax (GST).
Diesel, the fuel that powers public transport and goods vehicles, has breached the Rs-70 mark for the first time in Kolkata. Petrol, too, has reached an all-time high of Rs 78.91 a litre in Kolkata and is inching towards breaching the Rs-80-a-litre mark, but it is the hike in diesel price that has the transport sector more worried.
Union Petroleum Minister Dharmendra Pradhan said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market.
The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price has spiked 41 cents over the past three months.
Top Chinese oil and gas producer PetroChina is stepping up natural gas supplies from both domestic fields and imports to meet customer demand, parent company CNPC said on Monday.
U.S.-based Harbour Energy raised its bid for Australia’s Santos Ltd to $10.8 billion on Monday, hiking its offer for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.
Coal imports by power utilities fell by 22.23 per cent to 3.73 million tonnes in April mainly due to decline in shipments by imported coal based power projects in the country.
The 1,200 MW Jindal India Thermal Power Plant Limited (JITPL) at Kaniha is facing a severe crisis due to low supply of coal.With the coal stock plummeting to an all-time low, the plant will soon have to shut shop if such deficit situation continues for some more days.