Govt seeks legal opinion if privatized BPCL will be eligible to receive LPG produced by ONGC and GAIL

A two-decade-old LPG supply order restricting supply of domestically produced LPG to only state-owned oil companies has stymied plans to allow Bharat Petroleum Corporation Ltd (BPCL) to continue selling subsidised cooking gas (LPG) after its privatisation. A legal opinion has now been sought to ascertain if privatised BPCL will be eligible to receive liquefied petroleum gas (LPG) […]

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CIL forges ahead towards energy efficiency

To reduce its carbon footprint, Coal India Ltd (CIL) has put special thrust on energy efficiency measures and is forging ahead with a series of measures to offset carbon emission in mining operation in all its coal producing companies. CIL has also drawn an ambitious 5-year plan of carbon offset in different fields of its […]

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Coal India gives green signal to domestic private firm for coal bed methane extraction; Jharkhand to be the first

State-owned CIL has given a go-ahead to a domestic firm for a Rs 1,880-crore coal bed methane (CBM) extraction project. The coal behemoth has invited bids from both domestic and overseas companies for two more coal bed methane projects. Coal India (CIL) will start producing coal bed methane (CBM) from its lease hold area under Bharat Coking Coal […]

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GAIL to bid for 400 MW solar capacity in Madhya Pradesh

GAIL, India’s largest gas utility, is set to bid for a 400 megawatts (MW) solar power capacity being auctioned by SECI (formerly Solar Energy Corporation of India), making it the latest state-run company to make an entry into the renewable energy (RE) space. GAIL’s Chairman Manoj Jain told Times of India that the company will bid for three photovoltaic […]

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COVID blues reduced almost 20% of ONGC’s capital expenditure in FY21; oil refiners capex increased

Oil and gas producer ONGC spent about one-fifth less than its budgeted Capex (capital expenditure) in 2020-21 fiscal after COVID-19 related restrictions delayed projects. However, the downstream units and fuel marketers like Indian Oil Corporation (IOC) exceeded targeted capital spending, a government report showed.  Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in […]

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India’s Oil Minister Dharmendra Pradhan rules out plans to split GAIL

India is not considering any proposal to bifurcate state-owned gas utility GAIL (India) Ltd; instead the company is focused on building pipelines to connect gas sources to consumers to accelerate gas usage, Oil Minister Dharmendra Pradhan said. GAIL is India’s biggest natural gas marketing and trading firm and owns 60 per cent of the country’s 26,284-km gas […]

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