The government today said state-owned Coal India is hunting potential avenues for buying stakes in coking coal blocks overseas. In a written reply to Lok Sabha, Coal Minister Piyush Goyal said, “CIL (Coal India) is pursuing available opportunities for buying equity stakes in coking coal mines abroad.” He said though the CIL Board had last […]
Day: December 20, 2017
Essar Oil (UK) posts USD 169 mn profit for H1 FY17
Essar Oil (UK) Ltd, which owns and operates UK’s Stanlow Refinery, today reported its highest ever half-year net profit at USD 169 million on the back of record margins and operational efficiencies. Net profit of USD 169 million (Rs 1,082.61 crore) in April-September was 231 per cent higher than USD 51 million in the same […]
Petrol pump chip scam: A password to fill up tanks at retail outlets soon
After a wake-up call from Uttar Pradesh’s petrol pump chip scam, government-owned oil marketing companies Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are tightening end-to-end monitoring of product movement and dispensing. They now plan to introduce “e-key” facility as part of their strategy to have complete automation and real-time […]
3 Maha power utilities yet to repay Rs 66-k crore loan: Min
Maharashtra Energy Minister Chandrashekhar Bavankule told the Legislative Assembly today that all the three state-run electricity companies are yet to repay loan worth nearly Rs 66,000 crore. The minister informed this in a written reply tabled in the House, in which he also dismissed the reports that these companies are not paying additional interest as […]
Rays Future Energy executes 60MW of capacity under open access
Rays Future Energy, a subsidiary of integrated solar power company Rays Power Infra, today said it is executing 60MW of capacity under open access systems in Karnataka, to be completed by the end of the current fiscal. The company has identified over 50 highly-rated private commercial and industrial consumers to whom the energy will be […]
Bengal to construct 13,000 km of rural roads: Minister
To improve the rural economy the West Bengal government would construct 13,000 kilometre of rural roads in the state. West Bengal Panchayat and Rural Development Minister Subrata Mukherjee said the Mamata Banerjee government would spend Rs 3,100 crore as state’s share to complete the Rs 7,800 crore project to construct 13,000 km rural roads. “I […]