Daily Archives: September 12, 2018

IOC books Iranian oil imports for October; uncertain about future

Amid uncertainty over impending US sanctions against Tehran, Indian Oil Corp (IOC) has booked for import of usual monthly quantity of 0.75-0.8 million tonnes of crude oil from Iran in October but is unsure if the trade would continue thereafter, a senior official said. While India wants to continue importing Iranian oil, albeit a reduced

CIL aims aspirational production of 652 million tonne for FY19

Coal India Ltd is optimistic about an aspirational production target of 652 million tonne for the fiscal year 2018-19, the mining major’s Chairman A K Jha said on Wednesday. The state-run company is also planning to rationalise costs by closing down 53 underground mines this fiscal, Jha said the sidelines of the company’s 44th AGM

Afghanistan’s DABS ties up with Tata Power

The Afghanistan government has brought on board India’s utility major Tata Power for distribution, transmission and generation of power in the war-ravaged South-Asian country. The Afghanistan government-run power distribution firm, Da Afghanistan Bresha Sherkat (DABS), Wednesday signed a memorandum of understanding (MoU) during the second India-Afghanistan International Trade and Investment show. The four-day event, which

State-run BPCL looks to shift LPG facility outside Mumbai refinery

State-run Bharat Petroleum Corporation (BPCL) looks to move out its liquefied petroleum gas (LPG) facility outside the Mumbai refinery location, as part of its efforts to strengthen safety measures at its facilities. Company officials also added similar options under consideration for its remaining refineries. “Will look at moving some of the related facilities to alternate

SpiceJet opens five new air routes in Uttar Pradesh

An agreement was signed between the Uttar Pradesh government and private air carrier Spice Jet on Wednesday to fly on five new routes in the state, an official said. The new routes on which flights will begin after clearances from the Union Civil Aviation Ministry and the UP government are Varanasi-Kolkata, Varanasi-Bengaluru, Kanpur-Mumbai, Kanpur-Bengaluru and