Kolkata, (IANS) : Coal India on Monday said it missed its annual production target by 44.48 million tonnes as it produced 554.13 million tonnes by the end of 2016-17 against a target of 598.61 mt. According to the provisional data, the miner also missed its off-take...
New Delhi, (IANS) : The new natural gas prices for producers in India are well below the average cost of production, rating agency Icra said on Monday. The government last week marginally cut the natural gas price paid to producers to $2.48 per million British thermal...
Kolkata, (IANS) : After achieving a 9 per cent growth in coal production in the last financial year, Coal India expects to conclude this fiscal with a 2.5 per cent growth in production and 2 per cent increase in coal off-take, an official said on Tuesday. "This year,...
Kerman, (IRNA) : The First Vice-President Eshaq Jahangiri said that Iran will soon turn into an exporter of gas oil. Speaking to a group of officials in Kerman Province, cwnreal Iran, Jahangiri said that once used to be an importer of diesel fuel, Iran has now become...
New York/New Delhi, (IANS) : Oil prices went under the psychological $50 a barrel mark on Thursday on the back of a supply glut offsetting some of output cut efforts from the Organisation of the Petroleum Exporting Countries. The West Texas Intermediate for March...
New Delhi, (IANS) : India's gold market, facing short-term headwinds following the demonetisation and introduction of excise duty, will recover on the back of gold demand, which is expected to be around 650-750 tonnes in 2017, a World Gold Council (WGC) report said on...
New Delhi, (IANS) : In a move to boost India's energy security, the Union cabinet on Monday gave post facto approval for signing of an agreement that will see crude oil for strategic storage flow in from a state-run company of Abu Dhabi for meeting unexpected future...
Kuala Lumpur, (IANS) : The oil company Saudi Aramco will invest seven billion dollars in a refinery and petrochemical development project in Malaysia following a deal with Malaysia's Petronas, media reports said on Tuesday. The agreement reached by the two was...
Kolkata, (IANS) : Coal India Ltd on Saturday said its wholly-owned subsidiary Northern Coalfields Ltd (NCL) has approved buyback of 76,356 fully paid equity shares for an aggregate amount not exceeding Rs 1,244 crore. "The Board of Directors of NCL at its meeting held...
Mumbai, (IANS) : State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) on Friday said that it plans to raise up to Rs 2,000 crore through private placement of secured non-convertible debentures during the current financial year. The company informed...