Sectors - Energy  

Co also acquires 30% stake in coal mines in Indonesia, to also develop 4,000MW power project in Gujarat

Anil Agarwal, Vedanta Chairman, said he is simplifying the business structure with the formation of Sesa Sterlite

Tapping human energy will be one of the most innovative & technologically advanced trends in the years ahead

TATA Power may acquire 15% stake in Dubai-based MEC Coal; talks on

Indian Mining Companies Flex their Muscles

South Korea and India have signed a civil nuclear deal

Coal India is seeking Govt go-ahead to acquire 30 % stake in coal assets in Indonesian mines

Iran sends warning to Indian refineries but will not cut oil supplies to the country

ADAG group, owner of 2 coal companies in Indonesia

Asheesh Chatterjee appointed as Chief Financial Officer for Reliance Broadcast Network Ltd.

RIL said it has implemented a world-scale polyester project in Gujarat

Affected by soaring fuel costs, Sajjan Jindal-promoted JSW Energy posted a consolidated net profit of Rs 152.8 crore for the third quarter

A top government atomic scientist has confirmed this news. "Six more reactors are scheduled to be launched in the next two or three years," Principal Scientific Adviser to the Government of India R Chidamabaram said. He was addressing the 25th Brigadier S K Mazumdar memorial lecture.

According to a report by PTI, Tata Steel in collaboration with Japanese firm Nippon Steel will establish a Rs. 15, 000- crore steel plant in India. “Any further co-operation between the two companies may be part of an ongoing conversation in the future but no decision has been taken in that regard.” a Tata Steel spokesperson said.

According to the agreement, Mukesh Ambani led Reliance Industries will make a cash payment of $263 million for a 45 percent stake in Pioneer’s Eagle Ford shale acreage in South Texas. Reliance said that it will also contribute $ 1.052 billion towards drilling costs over four years.

This morning, the board met to advise its shareholders not to take any action in regard to the proposal from the Australian coal company. Macarthur, the world’s largest producer of low volatile pulverized coal injection coal, has already rejected a takeover bid from Peabody Energy.

BP's wind power assets in India will be purchased for $134 million by the private equity arm of India's Infrastructure Development Finance Co, according to the Economic Times.

Hindustan Petroleum Corp of India has started to produce Euro III quality petrol at its Mumbai refinery. By early next year, the company hopes to have the superior quality fuel coming from both its Mumbai and its Vizag refinery, Arun Balakrishnan, Chairman and Managing Director, announced this week.

Australia and China have entered into a record $41 billion deal through ExxonMobil and PetroChina for liquefied natural gas.