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RIL commissions 2 plants for polyester plastic

Last Updated: Friday, April 10, 2015, 19:44

Reliance Industries Ltd Friday announced the commissioning of two petrochemical plants for making polyester plastic used in clothing, packaging, foods & beverages and plastic bottles.

SEZ: Govt withdraws duty benefits for power plants

Last Updated: Monday, April 6, 2015, 23:36

The Commerce Ministry in a notification on guidelines for power generation in SEZs said the directive issued in March 2012 was being withdrawn and the position of February 2009 was being restored.

IFFCO's turnover jumps 18.48% to Rs 24,700 cr in FY'15

Last Updated: Sunday, April 5, 2015, 16:19

Country's largest fertiliser cooperative IFFCO has posted 18.48 per cent increase in its turnover at Rs 24,700 crore in the 2014-15, buoyed by higher sales of soil nutrients.

Short-term fuel supply to power projects extended till June

Last Updated: Sunday, April 5, 2015, 14:15

In a fresh directive, the Coal Ministry said that supply of fuel to power plants, the blocks of which were cancelled by the Supreme Court last year, will continue till June-end.

Toyota to build new plants in China, Mexico

Last Updated: Friday, April 3, 2015, 11:48

The cash is aimed at boosting its production capacity by some 300,000 units a year in a bid to better compete with global rivals, the Nikkei business daily said.

Cabinet approves gas pooling for fertiliser sector

Last Updated: Tuesday, March 31, 2015, 21:03

The Cabinet on Tuesday approved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertiliser plants to make the cost of fuel uniform and affordable.

India's steps to revive gas-based plants to help banks: Moody's

Last Updated: Monday, March 30, 2015, 13:55

Indian government's efforts to revive the stranded gas-based power projects will benefit the banks as they have significant exposure to such plants, credit rating agency Moody's said.

RIL counters govt assertion on idle power plants

Last Updated: Thursday, March 26, 2015, 17:19

Reliance Industries has countered government's assertion that power plants were lying idle due to fall in output from its KG-D6 fields, saying most of these units were built much before the fields were even discovered.

Cabinet clears pooling of gas prices to help revive stuck power plants

Last Updated: Wednesday, March 25, 2015, 21:12

The Cabinet Committee on Economic Affairs on Wednesday approved a major policy intervention, through an innovative mechanism, to revive and improve utilization of the stranded gas based power generation capacity in the country.

SAIL undertakes modernisation, expansion of 5 steel plants

Last Updated: Wednesday, March 18, 2015, 17:17

SAIL has undertaken modernisation and expansion at five of its steel plants to augment its crude steel production capacity to 21.4 MTPA.

Oil regulator for lower marketing margin on gas: Pradhan

Last Updated: Wednesday, February 25, 2015, 18:58

Oil regulator PNGRB has suggested a maximum marketing margin on natural gas sold to fertilizer and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas users.

Amul to pump in Rs 5,000 crore in next 3 years

Last Updated: Thursday, February 19, 2015, 18:28

"We will require Rs 5,000 crore over three years in adding new capacities, ramping up existing facilities and entering new markets," managing director R S Sodhi said.