State-miner Coal India Limited’s (CIL’s) planned investment in overseas coal assets is facing stiff speed-breakers, with global merchant bankers unwilling to take up an advisory and due diligence mandate of so-called ‘dirty fuel’.
Last year, the miner…
India is likely to slash domestic natural gas prices, in view of the fall in global prices and the forecast of sustained low demand in key markets in the wake of the coronavirus spread. Sources said that as per the administered price mechanism (APM) go…
India likely to slash domestic natural gas price by 25% Read More »
India’s NLC has firmed up plans to increased downstream activity, targeting power generation of 21 011 MW by 2025, of which at least 20% will be from renewable energy sources. In the current financial year, with the commissioning of the 500 MW first un…
NCL firms up plans to increase power generation capacity Read More »
India’s Singareni Collieries Company Limited (SCCL) has firmed up capital expenditure (capex) of $423-million for 2020/21 and increased its coal production target to 67.5-million tons, up from the targeted 66-million tons of the current financial year….
India’s SCCL firms up capex to achieve 67.5Mt production next year Read More »
Indian State run oil, gas exploration and production (E&P) major ONGC is expected to report 3.4% decline in production during current financial year, closing on March 31, 2020.
According to a company official, during the first nine months of the …
ONGC likely to report production decline Read More »
Large Indian coal consuming companies planning to enter commercial coal mining have asked the government to bundle mandatory approvals before putting up blocks for auction.
The companies made a presentation at a recent meeting where government sought…
Prospective coal block bidders seek bundled approvals Read More »
The Indian government has framed a scheme to offer funds to the technical and consultancy arm of State miner Coal India Limited (CIL) to expand exploration activities so that more fully explored coal blocks could be put up for auction for bidding by p…
India’s Coal Ministry to fund CIL technical wing to increase exploration activity Read More »
Indian State-run miner NMDC, the country’s largest iron-ore producer, has firmed up capital investments of $324-million to increase production by 50% to 48-million tons a year by the end of 2020/21. The State miner is committing higher capital expendit…
India’s NMDC firms up capex to lift production by 50% Read More »
Indian State-run miner NMDC, the country’s largest iron ore producer, has firmed up capital investments of $324-million to increase production by 50% to 48-million tons a year by the end of 2020/21.
The State miner is committing higher capital expend…
India’s NMDC firms up capex to lift production by 50% Read More »
In a bid to lower its import dependency on Australian coking coal, the Indian government has opened up bilateral government-to-government negotiations with Mongolia and Russia to ship greater volume of the dry fuel suitable for its domestic steel mills…
India keen to import more coking coal from Russia and Mongolia Read More »
