Already hassled by the skyrocketing prices of petrol and diesel, citizens are likely to suffer one more jolt as the city will soon have to depend on fuel supply by trucks from Bhopal instead of the usual large railway wagons
State-owned Coal India will shut nearly 100 unprofitable mines over the next two-three years. Of these, 37 will close down operations this year.
Nalco’s stocks fell 7 percent in intraday trading on Thursday after the company reported a sharp decline in its quarterly profits, triggering share sell-off.
The Indian Railway PSU, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has decided to start two new circuits of their flagship luxury train Maharajas’ Express, this year.
Cash-rich coal, power and oil PSUs will jointly invest about Rs 30,000 crore to revive four mothballed fertiliser plants by 2020-21 to make India self- sufficient in urea production and cut imports.
The Cabinet has approved a policy that mandates state oil firms to prefer vendors meeting the local content targets in a move aimed at pushing ‘Make in India’ in the hydrocarbon sector.
The Cabinet Committee on Economic Affairs on Wednesday approved the listing of 11 public sector undertakings, including five railway subsidiaries — Ircon International, Indian Railway Catering and Tourism Corporation (IRCTC), Rail Vikas Nigam, Indian Railway Finance Corporation (IRFC) and RITES Ltd.
The roadmap on consolidation of various Indian oil and gas public sector undertakings should become clear in the current financial year, according to Minister of Petroleum and Natural Gas Dharmendra Pradhan
Despite state-owned ONGC likely to keep its capital expenditure budget at R30,000 crore in FY18 this does not include the R8,000 crore it has to pay GSPC if the deal closes its oil output is likely to fall slightly while gas supplies will rise by over 1 billion cubic metres (bcm)
In 2016-17, there has been decline of coal stocks at pitheads the top of a mining pit or coal shaft of Coal India Limited (CIL) as well as at power plants, said union minister Piyush Goyal.