Call to complete power project on time
The Telangana State Thermal Project deadline should be strictly met, according to DK Dubey, Executive Director, NTPC Ramagundam. In a new year's address at the TSTP project site, Dubey called upon the officials to complete the 2x800 MW as per schedule with strict adherence to safety. Also present on the occasion, UK Dasgupta, GM - O&M, underlined the importance planning to get things done on or before the scheduled time.
I-T Dept slaps Rs.20,495 cr tax demand on Cairn India
Cairn India Ltd, the petroleum arm of London-headquartered Vedanta Resources Plc, said on Friday, it received a tax notice of Rs 20,495 crore from the Income Tax Department for failing to deduct withholding tax on alleged capital gains by its erstwhile promoter, Cairn UK Holdings Ltd (CUHL), a subsidiary of Edinburgh-based Cairn Energy Plc.
Manish Maheshwari is new CEO of Essar Oil´s E&P business
Essar Oil Ltd has announced the appointment of Manish Maheshwari as Chief Executive Officer of its Oil & Gas Exploration and Production (E&P) business. As CEO-E&P, he would be responsible for Essar´s entire E&P business, which includes 15 blocks
The Nuclear Switch
It is the fuel of the future. For an energy-starved nation like India, nuclear energy presents huge opportunities, but it also poses immense challenges in implementation.
Private finance to solve green energy problem
Private finance, rather than public funds, will solve the issue of technology transfers from developed to developing countries such as India, UK´s secretary of state for climate change and energy Edward Davey has said
Coal India stake sale
Coal India Ltd and NMDC Ltd are among 36 State-owned companies that may need to sell about $11 billion of shares after the stock market regulator raised the minimum public holding in government entities
Essar Group to sell UK refinery
Essar Group plans to sell the Stanlow refinery in Britain for $600 mn. The company is seeking to raise $500 mn -$600 mn for the plant in the northwest of England. However, other plants recently put up for sale in the UK, Murco's Milford Haven and the Bankrupt Petroplus's Coryton, have failed to find buyers.