Reports suggest that the union coal ministry may restrict the proposed coal price pooling mechanism only to power projects getting commissioned after March 2009. In a note forwarded to the Cabinet Committee on Economic Affairs (CCEA), the coal ministry has proposed the limited application policy for price pooling. The CCEA had
Tag: fuel
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AGL to set up mother station for CNG
Reports suggest that AGL (Awantika Gas), which is a distributor of gas in Ujjain, would set up a mother station for compressed natural gas (CNG) on the land to be handed over by the state government. It is learnt that the firm would complete the project in a few months after it receives possession of the land, which was handed over to the Industries department
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AGL to set up mother station for CNG
Reports suggest that AGL (Awantika Gas), which is a distributor of gas in Ujjain, would set up a mother station for compressed natural gas (CNG) on the land to be handed over by the state government. It is learnt that the firm would complete the project in a few months after it receives possession of the land, which was handed over to the Industries department
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HPCL may source more oil from Iraq
Hindustan Petroleum Corporation (HPCL) plans to source more crude oil from Iraq in order to compensate for the possible decline in its import from Iran. The company may have to reduce dependence on Iranian crude oil from June because it may not be able to renew insurance to process the crude thanks to the sanction from Western countries. Therefore, the public sector refiner may enter into a contract with Iraq to buy more oil from April 1, 2013. A top
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HPCL may source more oil from Iraq
Hindustan Petroleum Corporation (HPCL) plans to source more crude oil from Iraq in order to compensate for the possible decline in its import from Iran. The company may have to reduce dependence on Iranian crude oil from June because it may not be able to renew insurance to process the crude thanks to the sanction from Western countries. Therefore, the public sector refiner may enter into a contract with Iraq to buy more oil from April 1, 2013. A top
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Crude oil price rises in rupee terms
The depreciation of rupee against the US dollar caused the price of the Indian basked of crude oil to rise in rupee terms even though its price in dollar terms remained steady. The Indian rupee depreciated to Rs 53.68 per $ recently from Rs 53.57 per $ on Feb 8. Following this, the price of the Indian basket of crude oil i
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Crude oil price rises in rupee terms
The depreciation of rupee against the US dollar caused the price of the Indian basked of crude oil to rise in rupee terms even though its price in dollar terms remained steady. The Indian rupee depreciated to Rs 53.68 per $ recently from Rs 53.57 per $ on Feb 8. Following this, the price of the Indian basket of crude oil i
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Govt to remove diesel under-pricing by mid-2015
The present under pricing of diesel will be removed progressively by mid-2015," Planning Commission Deputy Chairman Montek Singh Ahluwalia said in his address at India Energy Congress recently. Recently, oil marketing companies (OMCs) were allowed to charge market price for bulk diesel consumers. Also, for retail users of diesel, the gove
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SPS Shipping eyes coal ferrying contract
SPS Shipping is taking efforts to secure the contract to transport coal through inland waterways for NTPCĆās Barh-II thermal power plant project in Patna. The company is holding discussion with the public sector power major in this regard transport 3 million tonne of coal from Sandheads (mouth of the Hooghly river) alon
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AIFI seeks govt support to become more competitive
Association of Indian Forging Industry (AIFI) requested the government to support the sector and enable firms to compete effectively in the global markets. Among other things, the industry body asked the government to promote value added products and ban export of higher grade iron