State-run miner Coal India Limited’s (CIL’s) dominant position in the domestic market is unlikely to change any time soon even though the Indian government has permitted 100% foreign direct investment (FDI) in coal mining, paving the way for the entry…
CIL’s domestic dominance unlikely to change Read More »
Indian State-run oil refiner-marketer, Indian Oil Corporation (IOC) will foray into electric vehicle (EV) battery manufacturing as part of its strategy to evolve into a "future-ready comprehensive energy solutions company". The oil company is w…
IOC plans to foray into EV battery manufacturing Read More »
India’s oil refiner-marketer, Bharat Petroleum Corporation Limited (BPCL), is planning to construct a liquefied natural gas (LNG) terminal alongside the Krishnapatnam port on the south-eastern coastline of Andhra Pradesh state. The company has announce…
India’s oil marketer-refiner plans new LNG terminal linked to Mozambique project Read More »
The Indian government has put seven new oil and natural gas blocks up for bidding and subsequent grant of exploration licence under its new policy. According to a statement issued by the Directorate General for Hydrocarbons (DGH), five blocks are in th…
India offers little-explored oil, gas blocks for auction Read More »
The Indian government has jettisoned plans to bring in legislative changes that would have allowed private miners to mine for minerals offshore. Instead, the government has decided that all offshore mineral assets will henceforth be reserved for govern…
India jettisons plans to open offshore mineral mining to private miners Read More »
Global steel major Tata Steel is considering merchant mining as a new business vertical that will leverage its existing expertise in captive iron-ore and coal mining. “It is important for us to look at mining as a new business area. This is what we are…
Tata Steel plans to enter merchant mining Read More »
In a first step that would partially blur the distinction between captive and commercial coal mining, India’s Coal Ministry would amend mining legislation to enable companies free merchant sale of coal in the open market.
According to officials, the…
The Indian government is working on a package of direct fiscal incentives before inviting bids from global majors to set up battery manufacturing plants in the country under its ‘Make in India’ programme. Government sources say that a slew of subsidies…
India plans fiscal sops for global firms to invest in battery facilities in the country Read More »
In a bid to improve the ease of doing business and to woo foreign investors, the Indian government has decided to open three oil and gas bid windows every year, instead of two, under the Open Acreage Licensing Policy (OALP). “In view of recent policy r…
India increases number of windows for accepting EoIs for oil, gas exploration Read More »
A total of 54 out of State-run miner Coal India Limited’s (CIL’s) 120 coal mining projects are delayed, the company says in its latest financial statement. CIL reports that the major reasons for the delays in completion of the 54 projects are the time …
Coal India faces time overruns across 54 projects Read More »
