In the global ranking, Cairn India has been ranked as the fastest growing energy company while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.
Category: Power & New and Renewable Energy
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The Bill lacks focus and effective structure
Does the new Bill run the risk of ending up like many other tribunals that were replete with court intervention? Amit Kapur and Vishnu Sudarsan evaluate why the currently drafted Dispute Resolution Bill, which is understood to have reached the PMO
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Survival of the fittest
A remote town in Rajasthan on the border of Gujarat and close to the international border, Barmer today has emerged as a major source of energy to change the landscape of Rajasthan. Today Barmer is a bustling mining town with large fleets of mining equipment and Volvo tippers.
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A dynamic leader
VP Mahendru, Chairman & Managing Director, Eon Electric Ltd, promoted the company in 1958 for manufacturing and marketing electrĆĀ”ical distribution and safety equipment. The Group has since been growing by leaps and bounds with its various manufacturing plants. Mahendru is a dynamic and energetic personality well known in the business and social circles.
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Cairn India ranked worlds fastest growing energy firm
Cairn India has been ranked as the fastest growing energy company in the world while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.
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Cairn India eyes acquisitions
To strengthen its exploration and production portfolio, Cairn India is exploring opportunities to buy gas and oil blocks. The acquisitions would be funded by the earnings from its Rajasthan assets. By 2015-16, the company plans to spend $3 billion and is hopeful of a production of 225,000 boepd overall by 2013-14.
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Power Grid to take up 4 projects
To launch four power projects, Indian government-owned Power Grid Corporation is to invest Rs 2,820.04 crore. The power transmission major would invest Rs 1,364.52 crore in 'Eastern Region Strengthening Scheme-V' project, with commissioning expected in 30 months, the company said in a regulatory filing on October 30.
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Centre gives clearance for two projects
The Union Ministry of Environment and Forests has given its clearance to the 4,000-MW Cheyyur ultra mega power project in Kancheepuram district and the 1,320 MW Udangudi thermal power project in Tuticorin district of Tamil Nadu.
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KKNP plant generates 200 MW
The first unit of Kudankulam Nuclear Power Project (KNPP) is now generating about 200 MW, states a Power System Operation Corporation (PSOC) report. the KNPP's first unit, which was on a test run, generated 165 MW. The KNPP's first unit was reconnected to the grid late on October 25. By next November.
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Two UMPPs to bring Rs 24,000 cr orders to firms
Upcoming ultra mega power projects (UMPPs) in the country have become a hope for orders of capital goods companies at a time when the order inflows have dried up. Now companies like Larsen & Toubro and Thermax are eyeing orders worth around Rs 24,000 crore from a two mega power projects in Orissa and Tamil Nadu.