Tag: India

India, Russia to set out energy vision, Siberian deals eyed


India and Russia will strike an energy partnership when Prime Minister Narendra Modi hosts President Vladimir Putin on Thursday to prepare the way for two Siberian oil deals and chart a route for a first pipeline between the two countries. But a joint ‘vision’ document is likely to lack hard details, with terms still being… Read More ›

Bulk drug industry needs to be strengthened’


There is a need to look at strengthening development of the bulk drug industry in India as the country offers tremendous potential in research and development, a senior government official said at the  5th India Pharma Summit.  MUMBAI: There is a need to look at strengthening development of the bulk drug industry in India as the… Read More ›

Solar Power: Cost of production dropped 60%; price to equal thermal power’s in three years


More importantly, the MP tender brought the price of solar power closer to the price of thermal power — produced from coal or gas, and India’s largest source.   Earlier this month, when Madhya Pradesh accepted the bid of Himgiri Energ y Ventures to supply solar power to the state grid at Rs 6.5 a unit,… Read More ›

FDI in pharma doubled during April to December


The government had cleared a Rs 5,168 crore proposal of US-based pharma firm Mylan Inc’s to acquire Indian generic drugs company Agila Specialties.  NEW DELHI: Foreign direct investment in the pharma sector has more than doubled to $1.26 billion during the April-December period of 2013-14 fiscal amid concerns over increasing acquisitions of domestic firms by… Read More ›

Vijay Kelkar wants existing regime for oil contracts


Kelkar said the committee had requested AOGO to provide data and analysis of issues that affect the sector. These were included in its interim report, which was submitted to the government in January.   NEW DELHI: Vijay Kelkar, chairman of the expert panel on energy security, has stuck to his position that the existing regime for… Read More ›

Many electricity regulatory bodies headless


Regulatory commissions in most states are either headless or have not appointed an expert member, leaving them overworked.  NEW DELHI: Power firms have a new regulatory hurdle. Regulatory commissions in most states are either headless or have not appointed an expert member, leaving them overworked, while power producers unable to get quick orders on tariffs… Read More ›

DVC seeks law tweak, may split power business from other activities


The DVC Act stipulates that the company will undertake flood-control, aid irrigation and help supply water for industrial and domestic use.  KOLKATA: State-run power producer Damodar Valley Corporation does not have the means to undertake operations it was mandated to carry out, according to its acting chairman Arup Roy Choudhury. The company is now seeking… Read More ›

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 ›

Advantage Tata Power, pain for NTPC


Tata Power surges 5%; NTPC slumps to five-year low Power stocks reacted in a mixed way at the bourses on Monday, on the back of  separate orders by the Central Electricity Regulatory Commission (CERC). While the regulator upheld its earlier order of a bailout package to Tata Power for the electricity generated from its imported coal-based Mundra plant in Gujarat, it… Read More ›