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CIL to go slow on underground mines
The world’s largest coal producer Coal India Ltd (CIL) will go slow on underground (UG) mines as there is a drop of about 1 million tonne in production from these mines every year. Out of the total 467 mines, the company has 273 underground mines, 164 open cast mines and 30 mixed mines. “Though we have 273 UG mines, during the last financial year, those mines contributed only 38.39 million

Sebi to issue consent order norms in four weeks

The Securities and Exchange Board of India (Sebi) on Friday said it would unveil a new set of norms for consent order settlement in four weeks. Market players say this could pave the way for

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The unbalanced gas equation

On September 12, 2007, the ministry of petroleum and natural gas came out with a press note that was intended to put to rest days of speculation. What it did instead was to fuel another

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M J Antony: Twin gains from 2G verdict

The tsunami created by the 2G spectrum judgments of the the Supreme Court last week has almost mopped up the ripples they made in the legal sphere. However, they deserve respectful consideration for

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Anil Ambani seeks gas for Samalkot project

With completion of its 2,400-Mw gas-based power project at Samalkot in Andhra Pradesh, Reliance Power has made a case for gas allocation with the government. Its chairman, Anil Ambani, has written to

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2011 : Oil sector uncertainty wards off investors

New Delhi: Arbitrary decisions on the $8.48 billion Cairn-Vedanta deal and BP's $7.2 billion stake buy in Reliance Industries' oil and gas properties has shaken investor confidence in the world's

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