News Updates

After State-owned GAIL India Ltd, Gujarat Government has sought Rs.6,600 crore from the Central Government to partly fund two gas pipeline projects of its firm GSPL including one taking the fuel to Jammu and Kashmir.

Tata Power announced its results for the quarter ended September 30, 2016. The company´s consolidated Q2 FY17 Total income from operations (net) for the quarter stood at Rs.7,209 crore as compared to Rs.7,666 crore in the corresponding quarter last year mainly due to lower revenue at standalone level due to lower fuel cost and lower power purchase, lower MUs traded at TPTCL.

Ace Pipeline Contracts Pvt Ltd, has completed work and commissioned the Mangaluru-Hassan-Bengaluru-Mysore LPG pipeline project which was being constructed by it for Hindustan Petroleum Corp. Ltd (HPCL).

Reliance Industries Ltd´s (RIL) recent technological innovation for its Only Vimal textile brand, DEO2 process technology has been granted a patent by the United States Patent & Trademark Office.

State-run Coal India reported a 77.4 per cent on year fall in its consolidated net profit for the September quarter which stood at Rs.600.44 crore. The PSU´s net sales for the quarter also dropped 7.7 per cent on year to Rs.15,645.05 crore.

Despite the rapid increase in Chinese coal prices since June of this year, a new study by the Coal Strategic Planning Research Institute, a Chinese coal industry think tank, shows that both coal prices and imports will decrease in the long term.

Union Coal Secretary Susheel Kumar met Jharkhand Chief Minister Raghubar Das in connection with the pending coal mines. Apprising Das of the efforts being made to start the allotted coal mines to Jharkhand, Kumar said there was revenue loss due to non-functioning of mines, according to an official release.

World demand for coal will slow over the next five years as renewables and energy efficiency gain traction, the International Energy Agency has predicted. But much of Asia will remain hooked on coal which, while polluting, is also affordable and widely available, the Paris-based body said in a report.

State-run Mahagenco has got the mining lease for its Gare Pelma II coal block in Raigarh district of Chhattisgarh. Now, the company can begin the process of land acquisition