COLOMBO: India will help Sri Lanka develop its Trincomalee town as a regional petroleum hub and Indian Oil Corp has reached a joint-development pact with Ceylon Petroleum Corporation, Prime Minister Narendra Modi said today. The agreement as well as a task force to implement it were announced after a meeting between Modi and Sri Lankan […]
Day: March 13, 2015
Railway rakes scarcity a major impediment to Coal India’s sales targets
KOLKATA: Poor availability of railway rakes is acting as a major impediment to Coal India’s achievement of sales targets. Officials fear that it would lead to these remaining unmet and addition of fresh volumes to already high stocks. “We have been asking for 236-237 rakes a day but the Indian Railways is not in a […]
MRPL to shut 120,000 bpd crude unit in April
New Delhi: Mangalore Refinery and Petrochemicals Ltd (MRPL) plans to shut a 120,000 barrel per day crude distillation unit (CDU) for about 10 days from early April for planned maintenance, its head of refinery operations said on Friday. MRPL, a subsidiary of state-run exploration firm Oil and Natural Gas Corp , runs a coastal refinery […]
India 3rd least efficient coal-fired power generating nation: Report
NEW DELHI: Chinese and US companies generate power through “least efficient and most polluting form of coal-fired generation”, followed by Indian firms at the third position globally, says a report. According to a research by Stranded Assets Programme at the University of Oxford, 39 per cent of total global “sub-critical” capacity is located in China, […]
HPCL aims to restart fire-hit Vizag unit by Saturday
New Delhi: Hindustan Petroleum Corp aims to restart a catalytic reformer (CCR) petrol-making unit by Saturday following a minor fire caused by a leak, its head of refineries BK Namdeo told Reuters. HPCL’s 166,000 barrels-per-day (bpd) Vizag refinery in southern India has one CCR and an isomerisation unit. The plant also has two naphtha hydrotreaters […]
Coal scam: Court grants bail to three top officials of RSPL
New Delhi: A special court today granted bail to three top officials of Delhi-based Rathi Steel and Power Ltd (RSPL) in a coal scam case pertaining to alleged irregularities in allocation of Kesla North coal block in Chhattisgarh to the firm. RSPL’s Managing Director Pradip Rathi, Chief Executive Officer Udit Rathi, and AGM Kushal Aggarwal […]
Cairn India slapped with Rs 20,495 crore tax demand
New Delhi: Income Tax Department has slapped aRs 20,495 crore tax demand on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter, Cairn Energy Plc. Cairn India said it does not agree with the tax demand and will pursue all possible options to protect its interest. Earlier […]
FIA seeks postponement of runway work at Goa airport
NEW DELHI: Voicing concern over the proposed runway re-carpeting work by Dabolim (Goa) International Airport authorities during peak tourists season, domestic airlines’ lobby the Federation of Indian Airlines (FIA) today sought postponement of the work by four months. Contending that the move would adversely impact all the stakeholders including the airlines and passengers, the FIA, […]