Experts opine that the government must incentivise private companies to produce more natural gas by giving them freedom to fix market-linked price for the fuel. The liberal pricing regime in the US allowed companies to invest in new technologies in the oil and gas sector. The abundance of shale rocks in the Ame
Tag: output
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Experts suggest govt to liberalise pricing regime
Experts opine that the government must incentivise private companies to produce more natural gas by giving them freedom to fix market-linked price for the fuel. The liberal pricing regime in the US allowed companies to invest in new technologies in the oil and gas sector. The abundance of shale rocks in the Ame
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Analysts divided on Cairn India’s demand for relinquished block
Industry analysts are divided on the issue of whether the government must allow Cairn India to explore the to re-explore an area of Barmer block that it had earlier relinquished. Some experts feel that the government should not give back the area to Cairn India and instead put the asset for auction and allow the company to bid for it along with other players
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Steel production capacity rises 36% to 90 mn t
Union Steel Minister Beni Prasad Verma informed that capacity of steel production in the country has risen from 66 million tonne (mn t) in 2009 to about 90 mn t in 2012, which is a 36 per cent growth. He said this during a meeting of the Parliamentary Consultative Committee attached to his ministry. Steel output in the country expanded 4.3 per cent in 2012, he informed members of the committee
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Factory output grows a tepid 2% in April
Factory output as measured by the index of industrial production (IIP) grew at a slower rate of 2 per cent in April on a year-on-year basis compared to the revised growth of 3.4 per cent in March 2013. In April 2012, the IIP declined 1.3 per cent. Among sectors, mining output declined 3 per cent in April, while manufacturing and electricity production grew 2.8 per cent and 0.7 per cent respectively
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SAIL chief optimistic on steel demand in India
CS Verma, Chairman of state-run steel maker SAIL said the consumption demand for steel in India remains better than that in the western world and so, no private or public sector steel company has decided to either curb or abandon expansion plan. India's steel capacity remains just 10 per cent of China's with only of 80-82 million tonne. Per capita consumption in India is just per 55 kg vs 220 kg global aver
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SAIL conducts study for Rs 15 bn project
CS Verma, Chairman of SAIL informed that the company is conducting environment impact study for its Rs 1,500 crore iron ore nugget plant in Durgapur, which it plans to implement in a joint venture with Japanese steelmaker Kobe Steel. Verma said this will be the second such project in the world after USA. The JV agreement has been finalised, he told reporters. He said it would take five to six
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India consumes marginally less steel during Apr-May
During April-May 2013, India consumed 11.69 million tonne (mn t) steel, a 0.8 per cent decline from 11.78 mn t steel consumed in the year-ago period. Data released by Joint Plant Committee, a body under the steel ministry shows. During the period, steel production grew 3.1 per cent to 13.03 mn t, led by higher output by SAIL and Tata Stee
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SAIL chief inaugurates coke oven battery
CS Verma, Chairman of the state-run SAIL recently inaugurated a coke oven battery at the Rourkela Steel Plant, which is being modernised at an investment of Rs 12,000 crore. The battery is top charged having compound twin flue, under jet, regenerative heating with partial recirculation of waste gases. SAIL invested around Rs 1,40
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Power plants to get RIL’s gas under swap deal
Under a so-called gas swapping arrangement, Hyderabad-based Bhagaynagar Gas (BGL) and power plants in Andhra Pradesh would get natural gas from Reliance Industries' KG-D6 fields. The gas would be supplied to BGL and power plants in Andhra Pradesh by diverting a part of gas allocated to Rashtriya Chemicals and Fertilizers (RCF) from RIL's fields