Sydney: Adani Mining said on Wednesday it was rejigging the budget on the A$10 billion ($7.72 billion) Carmichael coal mine project in Australia as it faces delays in government approvals. Adani intends to ship most of the coal from the mine to India for use in generating household power in line with Prime Minister Narendra […]
Day: June 24, 2015
Centre plans Rs 25,000-30,000 crore for Bengal roads
Centre is planning to give Rs 25,000-30,000 crore bonanza for road infrastructure to West Bengal. “We want to give another Rs 25,000-30,000 crore to West Bengal for new highways,” Union minister for Roads and Transport Nitin Gadkari said today at an event at Biodiesel dispensing unit at Haldia Dock Complex. “We want to add another […]
Kundankulam n-plant shut down for annual maintenance
The first 1,000 MW unit at Kudankulam Nuclear Power Project (KNPP) will be shut down on Wednesday for annual maintenance and refuelling activities, said Nuclear Power Corporation of India Ltd. (NPCIL). R.S. Sundar, site director of KNPP, said in a statement that the first unit will be shut down for a period of 60 days […]
ONGC Hazira sales premium at over 3-month low
India’s Oil and Natural Gas Corp (ONGC) sold a July naphtha cargo at $16 a tonne above Middle East quotes on a free-on-board basis, traders said, making this the lowest premium the company has received in more than three months for a naphtha cargo sold out of Hazira. ONGC sold the 34,500-tonne cargo late on […]
Provide easy credit for solar power projects: Bikram Singh Majithia
Punjab government today asked banks and financial institutions to provide easy credit to solar power developers in the state. It is high time for financial institutions and banks to provide easy credit to solar power developers in the state, Punjab New and Renewable Energy Minister Bikram Singh Majithia said. The minister said, the state’s present […]
Essar Oil UK secures new long-term working capital facilities for Stanlow refinery
Essar Oil UK, a subsidiary of Essar Energy Limited, which owns and operates the Stanlow Refinery in Ellesmere Port, has agreed to new long term working capital facilities and has entered into arrangements for both inventory monetisation and receivables securitisation. The inventory monetisation arrangement with J Aron and Company covers the supply of crude oil […]