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.
Union power and renewable energy minister Piyush Goyal has said that the concessional rate of 5 per cent Goods and Services Tax (GST) will apply to all solar equipment and there should be no confusion over it.
In what reinforces bullish outlook on solar energy, India’s renewable power is projected to overtake coal-fired generation capacity in a decade from now.
Indonesian coal price is surging again, as China goes ahead with planned cuts in its coal production capacity, fueling demand for imports.
Retired IAS officer Kusumjit Sidhu has taken over as chairperson of Punjab State Electricity Regulatory Commission (PSERC).