Reports indicate that the Rs 1.9 lakh crore debt restructuring package announced by the central government for state electricity boards (SEBs) has not received much response. It is learnt that no major state has yet entered into a memorandum of undertaking (MoU) with the centre for debt recast. states such as Rajasthan are negotiating with ban
Tag: Cost
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CAG complains against RIL to oil ministry
Reports indicate that the Comptroller and Auditor General (CAG) wrote to the union petroleum minister M Veerappa Moily that Reliance Industries (RIL) was not cooperating with the audit of the spending on the flagging KG-D6 fields. It is learnt that the company declined to share the documents related to its legal case against the oil mini
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RIL, BP bank on $5 bn investment to reverse fall in output
According to a joint statement from Reliance Industries (RIL) and BP, their jointly proposed $5 billion investment includes testing of a new layer of natural gas under the rapidly depleting fields in the KG-D6 fields. Both the firms agreed to invest jointly of $5 billion in the next few years to boost natural gas output in the flagging Krishna Godavari (KG) D6 basin gradually from 201
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RIL, BP bank on $5 bn investment to reverse fall in output
According to a joint statement from Reliance Industries (RIL) and BP, their jointly proposed $5 billion investment includes testing of a new layer of natural gas under the rapidly depleting fields in the KG-D6 fields. Both the firms agreed to invest jointly of $5 billion in the next few years to boost natural gas output in the flagging Krishna Godavari (KG) D6 basin gradually from 201
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ONGC upgrades hired rig to drill wells
In order to drill three three wells in water depth ranging from 10,170 to 11,318 feet, ONGC upgraded at its own cost an ultra deep-sea drilling rig it had hired from Reliance Industries (RIL). ONGC upgraded the rig at its own cost because it does not want to take the risk of having to pay liquidated damages if these wells were not drilled on time and
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ONGC upgrades hired rig to drill wells
In order to drill three three wells in water depth ranging from 10,170 to 11,318 feet, ONGC upgraded at its own cost an ultra deep-sea drilling rig it had hired from Reliance Industries (RIL). ONGC upgraded the rig at its own cost because it does not want to take the risk of having to pay liquidated damages if these wells were not drilled on time and
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DGH updates home ministry on RIL
The Directorate General of Hydrocarbons (DGH) wrote to the home ministry that Reliance Industries (RIL) failed to perform its obligations in terms of international petroleum industry practices towards the Krishna Godavari gas block. DGH wrote this in a reply to the letter sent by the hom
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DGH updates home ministry on RIL
The Directorate General of Hydrocarbons (DGH) wrote to the home ministry that Reliance Industries (RIL) failed to perform its obligations in terms of international petroleum industry practices towards the Krishna Godavari gas block. DGH wrote this in a reply to the letter sent by the hom
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Vedanta Group eyes mineral assets in India
Vedanta Group would bid for iron ore, coal and oil & gas assets in the country in order to take advantage of the lower cost of production compared to global standards, Anil Agarwal Chairman of the London-listed group said in an interview to a leading media. He said the company would bid for coal assets to feed its power plants that are generating 10,000 mw of power each year
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Vedanta Group eyes mineral assets in India
Vedanta Group would bid for iron ore, coal and oil & gas assets in the country in order to take advantage of the lower cost of production compared to global standards, Anil Agarwal Chairman of the London-listed group said in an interview to a leading media. He said the company would bid for coal assets to feed its power plants that are generating 10,000 mw of power each year