The Union Minister of State for Power Jyotiraditya M Scindia told the the Rajya Sabha recently that the upcoming Darlipali Project (2x800 mw) in Odisha is in the process of land acquisition by the State government. The process of environment and forest clearance of the project as well as its linked Dulanga coal mine from Ministry of Environment of Forests (MoEF) is also in progress.
Author: admin (Infratructure Today)
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Rs 950 cr to be invested in Panna oil field
To produce more output in Panna oil field, an investment of Rs 950 crore is being invested jointly by the State-owned Oil and Natural Gas Corporation (ONGC) and its partners-Reliance Industries and BG Exploration and Production India. The consortium is to dig more wells in the fied. ONGC has a 40 per cent interest in the oil field. Recently, the output in Panna field has come down.
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Water woes to Rs 37,229 cr HPCL refinery in Rajasthan
The Rajasthan government now finds it difficult to supply water to the proposed Rs 37,229 crore oil refinery unit of 9 million tonne capacity. The Rajasthan government and Hindustan Petroleum Corporation (HPCL) have signed an agreement in last March to set up the refinery, which will process oil from Cairn India's fields in the state and other crudes.
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Iraq denies crude oil at special price to India
Iraqi Deputy Prime Minister for Energy Hussain Ibrahim Saleh al-Shahristani said the country could not sell crude oil at a concessional price to India as its laws do not allow such a move. Iraq is the second-largest supplier of oil to India, which imports about 20 million tonne of crude oil from the gulf nation annually
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CCEA to consider OVL, OIL proposal
The proposal by ONGC Videsh (OVL) and Oil India (OIL) to pick up Videocon Mauritius EnergyĆās 10 percent stake in MozambiqueĆās Rovuma 1 block is awaiting the approval of the union cabinet. The petroleum ministry moved a note before the cabinet committee on economic affairs for approval. The acquisition would be completed soon, oil minister M Veer
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Net loss of IOC declines to Rs 30.9 bn in June quarter
During Apr-Jun 2013-14, the net loss of Indian Oil Corporation (IOC) declined to Rs 3,093 crore from Rs 22,451 crore in the corresponding quarter previous year. The company managed to reduce its loss as it received compensation for selling fuel below market cost from the government
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Net profit of OIL India declines 34.5% in June quarter
During April-June 2013, the net profit of Oil India (OIL) declined 34.5 percent to Rs 609.08 crore or Rs 10.13 per share compared to Rs 929.93 crore, or Rs 15.47 per share in the year-ago period. Net profit of the firm declined during the quarter because net realisation fell to $45.88 per barrel from $53.78 in first quarter last
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IOC to begin construction of LNG terminal at Ennore
By the end of 2013, Indian Oil Corp (IOC) plans to begin work on its liquefied natural gas (LNG) terminal project at Ennore near Chennai. The proposed terminal would be used to import natural gas from abroad and sell it in India, which faces severe shortage of the fuel. IOC is in the process of securing cons
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Punj Lloyd bags 358 cr project from CPCL near Chennai
A contract of Rs 358 crore has been bagged by engineering and construction major Punj Lloyd from the Chennai Petroleum Corporation (CPCL) to build the Sulphur Block of Resid Upgradation Project at its Manali refinery near Chennai.
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Price of crude oil rises due to rupee weakness
The steep decline in the value of Indian currency raised the price (in rupee terms) of crude oil imported by India. Further, global factors like higher demand, low OPEC spare capacity and improved economic outlook for 2013 raised the price of crude oil in dollar terms. For example, the Brent crude oil futures rose to a two-year high of $110.51 a barrel recently. Brent for sweet grad