The country faces no shortage of coal and its imports have declined to 208 million tonnes (MT) from 217 MT in 2014, Coal Minister Piyush Goyal said Friday. Replying to a query in the Question Hour, the Minister said coal production has witnessed an increase of 7.4 per cent in April-December (nine months) period of […]
Ecuador’s President Lenin Moreno on Thursday asked the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor. Moreno said there were massive cost overruns, operational failings and non-transparent bidding processes at the five projects built during Rafael Correa’s […]
A newly released report by Moody’s on global oil and gas has outlined credit analysts’ themes for the industry heading into 2019, even as it faces risks from oversupply. As per Moody’s, the market expectations for continued strong oil demand growth have remained in place, despite concerns about weaker global economic growth, tariffs, and a […]
Oil prices rose by more than 1 percent on Friday, shaking off earlier losses, after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to a trade dispute between the world’s two biggest economies. Brent crude futures were at $56.60 per barrel at 0741 GMT, up 65 […]
Oakridge Energy, one of North India’s leading residential rooftop solar companies, has raised a first line of credit from the Indian arm of Dutch social impact investor Oikocredit for financing a pilot of residential solar rooftop installations Oakridge intends to install. Oikocredit is among the world’s leading social impact investors with total assets of about […]
NHPC announced that Dulhasti Power Station (390 MW) in Jammu & Kashmir has been under complete shutdown w.e.f. 03 January 2019 to 12 January 2019 (tentative) for the work of ‘replacement of By-Pass Line valves of MIV’. It is further to intimate that the above shutdown will cause tentative loss of 21.4 MUs and 0.55% […]
Power Grid Corporation of India rose 0.96% to Rs 195.15 at 11:01 IST on BSE after the company said its board approved investment proposals worth Rs 379.45 crore. The announcement was made after market hours yesterday, 3 January 2019. Meanwhile, the S&P BSE Sensex was down 3.88 points, or 0.01% to 35,509.83. On the BSE, […]
To check accidents on highways in the district, the Commissionerate of Police have introduced three highway patrolling vehicles on the busy Rajiv Rahadari State highway, Karimnagar to Warangal road and Karimnagar to Jagtial road.
Odisha-based Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India, supplied close to 75.41 million tonnes (mt) of coal to power sector during the third quarter of this fiscal, as compared with 69.29 mt in the same period last year — registering a growth of around nine per cent.
Move comes after Coal India unions threatened to go on strike
Confidence Petroleum India has bagged licence for 11 more auto LPG dispensing stations (ALDS) — eight in Tamil Nadu and three in Karnataka — in December 2018. With these new locations, the strength of its ALDS stations has reached 163. The company is marching ahead to achieve its target of 200 auto LPG stations by […]
Fitch expects IOC’s capex to remain high to upgrade refineries to meet new emission standards