Sterlite Power bags $47 million conductor order from South Korean GS Group
Sterlite Power today announced it has received a $47 million order from GS Group of South Korea for supply of a High-Performance Conductor.
Rs 4 a litre hike in petrol, diesel prices in offing
A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said.
ONGC capital spending not impacted by oil price: Moody’s
Defying a global trend, India’s flagship national oil company ONGC did not cut its capital spending on exploration and development after oil prices collapsed between 2014-16, Moody’s Investors Service said today.
PTC India fourth quarter net profit down 18 per cent
PTC India Ltd, the country’s largest power trader, reported an 18 per cent drop in net profit for the quarter ended March at Rs 64.37 crore on a standalone basis as against a net profit of Rs 78.77 crore in the corresponding quarter previous financial year (2016-17).
Reliance Power divests holding in Tilaiya UMPP SPV for Rs 113 crore
Reliance Power has divested its entire holding in Jharkhand Integrated Power, set up to develop Tilaiya UMPP, to Jharkhand Urja Vikas Nigam Ltd for Rs 112.64 crore.
PetroChina ships in first equity crude oil from Brazil’s Ribera project
PetroChina brought in to China the first cargo of its equity crude oil production from sub-salt Ribera project in Brazil, according to a report on Thursday by parent company CNPC.
Genel Energy on track for Kurdish output growth, shares jump
Genel Energy is on track to hit its oil output target in Kurdistan, it said on Thursday, adding that its cash reserves had risen by 28 percent from the end of last year.
India Raises Iran Oil Imports In April To Highest Since Oct 2016 As U.S. Sanctions Loom
India’s oil imports from Iran surged to 640,000 barrels per day (bpd) in April, its highest level since October 2016, according to data from shipping and industry sources, as refiners raised purchases ahead of looming U.S. sanctions against Tehran.
Land acquisition woes thwart India’s mega refinery plan with Saudi Aramco
At the International Energy Forum in Delhi in April, the world’s top oilNSE 1.79 % producer Saudi Aramco inked a preliminary deal to partner with a consortium of Indian players to build a $44 billion refinery and petrochemical project in Maharashtra’s Ratnagiri.
State-run power plants resume coal imports amid shortages
State-run thermal power plants in India’s coastal states have again begun buying overseas coal due to domestic coal shortages, government and utility officials said, in a setback for the country’s long-term plans to eliminate imports.
