ONGC sees up to Rs7,000-cr loss

India’s top oil and gas producer ONGC on Friday said it is losing Rs 6,000-7,000 crore on natural gas business after the government-mandated rates for the fuel dropped to a decade low. The government-mandated rates are way below the cost of production of $3.5-3.7 per million British thermal unit, ONGC Director (Finance) Subhash Kumar said. […]

CREST to survey households interested in installing solar plants

The Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST) will be conducting a demand survey before it implements the Renewable Energy Service Company (RESCO) model in the city. The development came in the wake of directions issued by the Joint Electricity Regulatory Commission (JERC) to CREST on Monday. “The JERC asked CREST to […]