Tag: Coal

Lower sales, coal realisations take toll on Tata Power


A cap on FIIs in private banks restricts the extent of money that overseas portfolio investors can put into the proposed share sale Tata Power narrowed its consolidated loss to Rs 75 crore for the December 2013 quarter versus Rs 329 crore last year, but the overall performance is a far cry from Street’s estimates, which… Read More ›

Proposed US law could boost gas export to India


The surplus is largely due to rapid advances in the technology and extraction of shale gas and oil over recent years The latest version of a Bill in the US legislature for expedited approval on export of natural gas to World Trade Organization members could help India. Over the past year, surplus production of LNG (liquefied natural gas) in… Read More ›

Clarity on marketing margins to trigger IGL re-rating


After the government raised the allocation of domestic gas for city distribution operations last month, IGL cut CNG prices by 20-30 per cent Uncertainty regarding its ongoing case with the Petroleum and Natural Gas Regulatory Board (PNGRB) and weaker volumes due to consistent price increases, to offset higher input costs, saw Indraprastha Gas (IGL), the… Read More ›

CERC’s brave steps mean well for the power sector


CERC needs to be complemented for taking away the carrot when none was needed by the sector Central Electricity Regulatory Commission’s (CERC) recent regulation on electricity tariff underscores the strides taken by the power sector over the years. Apart from fixing the manner in which tariff will be calculated over the next five years, CERC’s regulation demonstrates… Read More ›

India approves Rs 1,765 crore for hydropower project in Bhutan


PM Manmohan Singh conveyed this to his Bhutanese counterpart Tshering Tobgay when they met yesterday on the sidelines of the 3rd BIMSTEC Summit.  THIMPU: India has approved Rs 1,765 crore as the interim cost escalation for Bhutan’s Punatshangchu I hydropower project.  Prime Minister Manmohan Singh conveyed this to his Bhutanese counterpart Tshering Tobgay when they… Read More ›

India misses coal target again, will depend more on imports


The coal ministry will scale down it its production target of 795 million tones in 2016-17 as it expects problems in environment clearances and rail connectivity.  NEW DELHI: India’s dependence on imported coal will continue to rise as output will fall short of targets. The coal ministry will scale down it its production target of… Read More ›

Cabinet note on implementing Group of Ministers suggestions on coal mining


The CCI’s approval is also sought for “action by the respective ministries on the recommendation where no action has been initiated so far”.  NEW DELHI: The Planning Commission has circulated a draft Cabinet note seeking directions to various ministries for ensuring timely implementation of the recommendations of an inter-ministerial panel on environmental issues related to… Read More ›

Power Grid Board approves plans to invest Rs 575 crore


The remaining amount may come from internal accruals. Power Grid shares traded at Rs 94.05, down 0.58 per cent, on the BSE.  NEW DELHI: Central transmission utility Power Grid CorporationBSE 0.79 % today announced investments of over Rs 575 crore for two projects. “Board of directors of the company have approved the investment approval for… Read More ›

Discoms not cooperating despite Delhi High Court order: CAG


The discoms sought an adjournment on the grounds that the matter pertaining to CAG audit of telecom firms is coming before the Supreme Court tomorrow.    NEW DELHI: The Delhi government and the Comptroller and Auditor General of India have told the Delhi High Court that distribution companies of the Anil Ambani and Tata groups… Read More ›

With executives’ stir, CIL board may have to fend for itself at meet


KOLKATA: State-run Coal India has scheduled a board meeting on March 13, the same day when the officers’ association of the monopoly miner is set to start a three-day strike. This is possibly the first time a board meeting of the company is being held on the day when its officers plan to strike work implying that… Read More ›