Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
ITC, Yes Bank, HCL, Infosys, ONGC. More and more businesses are now realising there are long-term benefits in going green. Nothing shakes businesses as much as resource scarcity. With certain sectors like cement, steel and it being energy and water-intensive, the fear of climate change impacting the very resources that …
With its rising energy needs, India has emerged as the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries, says a report. "India is the fourth largest energy consumer in the world after …
With its rising energy needs, India has emerged the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries, says a report. “India is the fourth largest energy consumer in the world after the …
Consortium partners will sign memorandum of understanding on March 18 A consortium led by the Oil and Natural Gas Corporation Ltd (ONGC) will do a feasibility study on setting up a Liquefied Natural Gas (LNG) Regasification Terminal at the New Mangalore Port. The proposed terminal will have an initial capacity …
The company will on March 13 sign a MoU with the Rajasthan government for setting up the refinery-cum-petrochemical complex State-owned Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs 37,000 crore in setting up a nine million tonne oil refinery and a petrochemical complex at Barmer in Rajasthan. The company …
Rs 8,000-crore capacity expansion plan by Chennai Petroleum Corporation may get affected Amid insurance woes, the US sanctions on Iran may well cast a shadow on expansion plans by Indian refiners. According to an official source, the Rs 8,000-crore capacity expansion plan by Chennai Petroleum Corporation Ltd (CPCL) may get …
Scrips of RIL, ONGC down The Finance Minister's announcement for the oil and gas companies did not cheer key players in the industry. Industry players gave a thumbs down to FM's proposal to review the oil and gas exploration policy and move from profit sharing to revenue sharing contracts. "The …
The new order will take ONGC toral installed wind power capacity to 153.9 MW Suzlon Group, India's largest wind turbine manufacturer, has received an order for a 102.9 MW project from Oil & natural gas Corporation Ltd (ONGC). The project comprises 49 units of Suzlon's S88- 2.1 MW wind turbines …
State-run ONGC, which has a 30% stake in Cairn India-operated Rajasthan oilfields, has refused to share the cost of further exploration in the block that the government had recently allowed to help increase oil output from it by over 70%. “ONGC has no objection on further exploration of the block. …
Banking on the phased deregulation of diesel pricing, the government proposes to cap subsidy on this fuel at R6 per litre in 2013-14 to insulate itself from volatility in global crude oil prices which could potentially upset its fiscal math. The average under-recovery on diesel this fiscal is estimated to …
ONGC, BPCL soon to sign an MoU for putting up LNG terminal at Mangalore ONGC, Six years after the $1 billion project was put in cold storage, state-owned Oil & Natural Gas Corp (ONGC) will by this month-end revive plans to set up a liquid gas (LNG) import terminal near …
Oil minister M Veerappa Moily on Monday ruled out a rollback in the Rs.1.50-a-litre hike in petrol and 45 paise a litre increase in diesel rates, saying only a small raise has been passed on to consumers. “I think everybody would appreciate that we have not put a lot of …
Despite the uncertainty surrounding re-insurance for oil refineries over crude oil import from Iran, companies here are not perturbed yet about the United States’ sanctions in this regard. They said they believe the government would come out with a solution by June. Hit largely by the sanctions are the country’s …
State-owned gas firm GAIL (India) Ltd and US arm of France’s EDF group have placed a joint bid to acquire some of Spanish energy company Repsol SA’s LNG assets in Trinidad and Tobago. ‘‘We have placed a non-binding bid,’’ GAIL Chairman and Managing Director BC Tripathi told reporters here. Repsol …
Kolkata/Ranchi: Coal India (CIL) is foraying into the solar power sector with a view to make use of its whopping cash reserve of above R60,000 crore in a meaningful way. CIL chairman and managing director S Narsing Rao told FE there are business opportunities in the solar power sector and …
The government will pay Rs 25,000 crore additional cash subsidy to state-owned fuel retailers to make up for part of the revenue they lost on selling auto and cooking fuel below cost this fiscal. The Finance Ministry on February 7 issued a "comfort letter" to Indian Oil Corp (IOC), Bharat …
New Delhi: Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue. The Finance Ministry has informed the …
The proposed policy will ensure parity in the price of imported and locally-produced gas The Union Ministry of Petroleum and Natural Gas will soon bring in a Uniform Gas Price Policy to ensure parity in the price of imported and locally-produced gas. "I have worked out the policy, but don't …
If the price rise is approved, it would raise costs for power and fertiliser companies and other natural gas buyers such as city gas distributors The pricing of natural gas is set for a major revamp. An empowered group of ministers is likely to approve new policy guidelines based on …
New Delhi: n Petroleum ministry knocks on investment body’s door for clearances Move would benefit RIL, Cairn, BP, BHP Billiton and ONGC The petroleum ministry is set to approach the Prime Minister-led Cabinet Committee on Investment (CCI) for fast-tracking the approvals for 20 offshore exploration blocks, held up for want …
