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Power sector to get 50% of extra gas from KG-D6 field
Half of Reliance Industries Ltd’s (RIL’s) KG-D6 additional gas production will go to the power sector. The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, has finalised consumers for the 50 million standard cubic metres a day (mscmd) of gas that RIL would produce beyond the initial 40 mscmd for which customers had been decided earlier. The fertiliser sector has been allocated 15.3 mscmd out of the initial 40 mscmd gas production.

Sibal may not continue as oil regulator
Caught in the Ambani gas dispute and facing a CBI probe over allegations of favouring Mukesh Ambani-led Reliance Industries Ltd (RIL), oil regulator V K Sibal may not continue as Director General of Hydrocarbons (DGH) from next week.

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Shell to transfer jobs to India, Philippines
To reduce costs, global oil major Shell will soon transfer additional office jobs from Houston and elsewhere to India and the Philippines. Royal Dutch Shell has also announced that it would slash 5,000 jobs by the year-end, including ‘hundreds’ in Houston, as part of a sweeping reorganisation new CEO Peter Voser said was needed to make the company more competitive.
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NTPC to source coal from abroad, identifies 2 Indonesian mines

State-run power company National Thermal Power Corporation (NTPC) is exploring opportunities to source coal from abroad and has identified two more blocks in Indonesia for securing the dry fuel for its thermal power plants. - NTPC case: HC no to plea for defreezing account - Harsh personal remarks fly in SC hearing on Reliance gas dispute - Govt considering to cancel NTPC"s Rs 2,000-cr order - BHEL: Fairly valued - Govt mulling to cancel NTPC"s Rs 2,000-cr order to TPE - Govt eyes lead managers for NTPC, SJVN stake sale "We have identified 2-3 more coal mines in Indonesia," NTPC CMD R S Sharma told reporters here today, adding that "this is mainly for fuel security for our plants". NTPC requires 150 million tonnes of coal during the current financial year to fire its power plants in the country and the company plans to import 12.5 million tonnes of the dry fuel from overseas. NTPC has already appointed Australian firm Macquarie to do the due diligence for acquiring the Kalimantu coal mine in Indonesia. The company plans to buy a minority stake in the coal block. Meanwhile, production from the company"s Pakri Barwadih coal mines in Jharkhand will commence from March, 2011. "Mining from Pakri Barwadih will start from March, 2011," Sharma said adding that the initial production would be 3-4 million tonnes which would be ramped up to 12-13 million tonnes in four years time. The coal reserves of these mines are 1.5 billion tonnes.


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