New Delhi: Coal India NSE 1.59 % Ltd (CIL NSE 4.89 %) on Monday said its overall expenditure declined by 3.3 per cent to Rs 54,241 crore in the first nine months of the ongoing fiscal. In a statement, the company also said its composite open cast production increased by 16.1 per cent in the […]
Day: February 16, 2021
LPG price hiked by Rs 50 per cylinder, to cost Rs 769 in Delhi
The price of liquefied petroleum gas (LPG) domestic cylinder (14.2 kg) has been hiked by Rs 50 per cylinder. The new prices would be applicable from tomorrow. A gas cylinder in the national capital will now cost ₹ 769 from Monday onwards. Earlier, the non-subsidised liquefied petroleum gas prices were hiked by Rs 25 on […]
India shifts oil imports from Middle East to Africa, North America due to OPEC cuts
India’s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic. Spot crude imports into the world’s third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according […]
Cairn Oil & Gas seeks bids for gas from Rajasthan block
New Delhi: Mining magnate Anil Agarwal’s Vedanta NSE 3.75 % Ltd on Monday invited bids for the sale of natural gas from its prolific Rajasthan block at rates equivalent to the price of imported LNG from the spot market or Brent oil price. Cairn Oil & Gas, Vedanta’s oil and gas arm, produces about 3.5 […]
ONGC sees peak gas output of 15 million cubic metres per day from east coast block in 2024
NEW DELHI: India’s top exploration company Oil and Natural Gas Corp hopes to produce 15 million cubic metres of gas a day (mmscmd) in 2024 from its block in the Krishna Godavari (KG) basin, off India’s east coast, its head of finance Subhash Kumar said on Monday India, the world’s fourth biggest importer of liquefied […]
BP, Reliance Industries Ltd seek end to cap on gas prices
BP and Reliance Industries NSE 1.59 % have sought an end to the natural gas price ceiling that has halved in a year to $4 per unit, limiting gains to producers of gas from difficult fields. The two companies have separately written to the government, urging the elimination of the price cap, and seeking full […]
Sharp jump in petrol, diesel prices for 8th consecutive day
NEW DELHI: Petrol and diesel prices continued to rise on Tuesday, the eighth consecutive day when the retail prices have risen across the country, with oil on the boil in global markets and both crude and product prices seeing a big spike. Accordingly, oil marketing companies raised the pump price of diesel by a high […]
Vestas appoints Purvin Patel as new regional president of Asia Pacific
Kolkata: Vestas has appointed Purvin Patel as Regional President of Asia Pacific to strengthen its presence and market position in strategic and fast-growing markets in Asia Pacific and drive operational alignment across the value chain. Patel joins Vestas from a position as CEO of ISS UK & Ireland, bringing more than 25 years of commercial […]