According to analysts, the proposed 6 mn tpa (million tonnes per annum) steel plant by Tata Steel in Odisha would be operationally beneficial for the company. This is because the proposed plant would have captive iron ore reserves, efficient logistical infrastructure reducing costs and technologically efficient plan
Author: admin (Infratructure Today)
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TSMC buys stake in Howse deposit in Canada
Tata Steel Minerals Canada (TSMC), a subsidiary of Tata Steel, bought half the interest in Labrador Iron MinesĆā (LIM) Howse deposit for Canadian dollars 30 million (Rs 160 crore). In the areas of logistics and potential offtake arrangements, TSMC and LIM have entered into multi-part co-operation agreements as they operate adjacent iron ore projects spread over the Provinces of Newf
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CCI to address issues on oil and gas blocks
Cabinet Committee on Investment (CCI) would sort out the defence related issues in starting exploration on some of the oil and gas blocks, Planning Commission Deputy Chairman Montek Singh Ahluwalia said. Ministries of defence and oil are asked by the committee to sort out issues like exploration area overlapping with proposed Naval base or being close to missi
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Crude oil price of Indian basket falls marginally
The international crude oil price of Indian Basket as computed by the Petroleum Planning and Analysis Cell (PPAC) recently declined to $107.19 per barrel (bbl)on March 11, 2013. This was lower than the price of $107.32 per bbl prevailing on the previous trading day of March 8, 2013. PPAC comes under the Ministry of Petroleum and Natural Gas. In rupee terms, also the Indian Basket crude oil p
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Court directs OMCs not to open new outlets
Karnataka high court directed all state-run oil marketing companies (OMCs) not to open new retail outlets till it completes the heading of a petition filed by an dealers association. The Karnataka State Petroleum Dealers Welfare Association filed a petition with the court after OMCs kept
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Minister asks secretary to address RIL issue
Union Petroleum Minister Veerapa Moily asked the newly appointed oil secretary Vivek Rae to take steps to resolve the difference of opinion between Reliance Industries (RIL) and the Comptroller and Auditor General (CAG). Following the direction, Rae is reportedly making efforts to resolve some differences between the company and the auditor
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Fall in gas output at KG D6 hits RGPPL’s operation
Falling output at the Reliance Industries' (RIL) KG D6 basin affected natural gas supply to Ratnagiri Gas & Power's (RGPPL) 1,967 mw Dabhol power plant in Maharashtra. Consequently, power generation has been stopped at the plant since February 21. Following this, MahaVitaran, which procures 95 percent power, stopp
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RIL eyes $4 billion Iraq oilfield project
India's ` (RIL) is in race along with French energy giant Total, Russia's Lukoil, CNPC of China, American's Brown Energy for a $4 billion project in Iraq. RIL is one of the seven companies shortlisted by Iraq for developing its al-Nassiriya oilfield and construction and operation of a 300,000 barrel per day refine
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IEA expects muted demand for crude oil
According to International Energy Agency (IEA), demand for oil across the globe would remain muted because of worsening Chinese business sentiment, a slowdown in European economies and the impact of budget cuts by the US government. In its monthly oil market report, the agency said the above factors seem to delay further an elusive turnaround in global economic, and in turn oil demand,
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Sale of bulk diesel declines sharply
According to media reports, sale of diesel to bulk customers declined about 40 percent in February, the first month after the government allowed oil firms to charge market price for bulk consumers. It may be noted that bulk diesel sales usually account for 18 percent of the 70 million tonne of diesel consumed in