Daily Archives: February 2, 2018

Coal India Apr-Jan output at 440 MT, trails target

State-owned Coal India produced 440 million tonnes of coal in the April-January period of the ongoing fiscal, missing the target by 29.2 million tonnes. Coal India’s production target for the first 10 months of the ongoing financial year was 469.90 MT, according to a regulatory filing by the PSU. The company’s production for the month

MRPL posts 71% rise in Q3 net profit at Rs 970 cr

Mangalore Refinery and Petrochemicals Ltd (MRPL) today reported a 71 per cent jump in its third quarter net profit at Rs 970 crore on the back of higher refining margins. Its net profit stood at Rs 567 crore in the same period of the previous fiscal, the company said in a statement. MRPL, a subsidiary

Hike of 60 per cent in LPG scheme target fuels investor fears

The proposal to expand free cooking gas programme to include 8 crore poor families, up 60% from 5 crore planned earlier, will give more women freedom from hazardous kitchen smoke, but the likely increase in the subsidy has raised concerns that oil companies may have to foot the bill. Shares of state oil firms fell

300MW Kishenganga project likely to commission this year: Dy CM

The 300 MW Kishenganga hydroelectric power project, executed by NHPC, is likely to be commissioned this year and it will go a long way in augmenting the power generation capacity, Deputy Chief Minister Nirmal Kumar Singh said. Winding up the discussion on the Demands for Grants of the Power sector in the Legislative Assembly last