Union Oil Minister M Veerappa Moily informed that the draft note on raising the price of natural gas is under circulation before all the ministries. He also said that his ministry would send the proposal to the cabinet after the consultation of various ministries. The draft note proposes to raise the price of gas produced by state-owned ONGC and OIL from 2013 itself and that for Reliance Industries in 2014
Author: admin (Infratructure Today)
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Ministers study draft note on gas pricing
Union Oil Minister M Veerappa Moily informed that the draft note on raising the price of natural gas is under circulation before all the ministries. He also said that his ministry would send the proposal to the cabinet after the consultation of various ministries. The draft note proposes to raise the price of gas produced by state-owned ONGC and OIL from 2013 itself and that for Reliance Industries in 2014
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CAG, RIL differ on audit of KG D6 block
Media reports suggest that the Comptroller and Auditor General (CAG) of India and Reliance Industries (RIL) are sparring over the scope of the audit for the KG-D6 natural gas fields. On January 17, the CAG has reportedly wrote to the oil ministry saying that RIL was not co-operating with the auditors due to differences over the scope of the audit
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CAG, RIL differ on audit of KG D6 block
Media reports suggest that the Comptroller and Auditor General (CAG) of India and Reliance Industries (RIL) are sparring over the scope of the audit for the KG-D6 natural gas fields. On January 17, the CAG has reportedly wrote to the oil ministry saying that RIL was not co-operating with the auditors due to differences over the scope of the audit
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Essar Oil set to replace rupee loan with dollar ones
Reports suggest that Essar Oil plans to raise dollar loans in order to repay some of its rupee loans in order to benefit from the interest differential between these two loans. According to media reports, the company plans to swap rupee loans worth $2.2 billion or Rs 11,700 crore with dollar loans
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Essar Oil set to replace rupee loan with dollar ones
Reports suggest that Essar Oil plans to raise dollar loans in order to repay some of its rupee loans in order to benefit from the interest differential between these two loans. According to media reports, the company plans to swap rupee loans worth $2.2 billion or Rs 11,700 crore with dollar loans
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GAIL may not concede right of first refusal
GAIL India, which is one of the promoter shareholder of Petronet, refuses to concede its right of first refusal on the 5.2 percent stake of Asian Development Bank (ADB) in Petronet. The multilateral lending agency plans to sell its 5.2 per cent stake in Petronet, which has been formed as a joint venture by the Government with non-public sector cha
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GAIL may not concede right of first refusal
GAIL India, which is one of the promoter shareholder of Petronet, refuses to concede its right of first refusal on the 5.2 percent stake of Asian Development Bank (ADB) in Petronet. The multilateral lending agency plans to sell its 5.2 per cent stake in Petronet, which has been formed as a joint venture by the Government with non-public sector cha
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Indian Railways cut Rs 47 bn metro transport funding
Indian Railways cancelled the Rs 4,733 crore fund allocated under the metropolitan transport project (MTP) during the Railway Budget 2012-13. The railways cancelled the allocation primarily because allocation exceeded the absorption capacity of metropolitan transport projects located in Hyderabad, Che
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Indian Railways cut Rs 47 bn metro transport funding
Indian Railways cancelled the Rs 4,733 crore fund allocated under the metropolitan transport project (MTP) during the Railway Budget 2012-13. The railways cancelled the allocation primarily because allocation exceeded the absorption capacity of metropolitan transport projects located in Hyderabad, Che