Oil Minister Dharmendra Pradhan on the issue of splitting gas utility GAIL today said a decade-old policy provides for a natural gas transporter not having any interest in marketing of the fuel. Pradhan gave the response in Rajya Sabha on a written reply to a question on splitting state-owned gas utility GAIL India Ltd b […]
Day: February 7, 2018
Govt plans to expand natural gas share to 15% by 2022, LNG imports to soar
India’s push to more than double the share natural gas has in its energy mix to 15 per cent by 2022 will require a huge increase in imports and the construction of more LNG terminals, a government official said on Wednesday. India has four terminals to receive liquefied natural gas (LNG) and imports around 20 […]
JSW Energy Eyes acquisitions after Bina Power deal falls through
JSW Energy is actively scouting for acquisition opportunities in thermal and renewable energy sectors after terminating its proposed acquisition of the 500 mw Bina Power from Jaiprakash Power Ventures after months of delay in getting necessary approvals from lenders. “We are interested in acquisitions. In fact, it’s safe to say if there is any opportunity […]
SpiceJet records highest ever quarterly profit at Rs 2.4 billion in Q3
Low-cost carrier SpiceJet on Wednesday reported a 32 per cent rise in its net profit at Rs 2.4 billion for the three months ended December 2017, aided by higher passenger revenue, making it the 12th successive profitable quarter for the airline. The company had reported a net profit of Rs 1.81 billion in the same […]