Price cap loses value as bidders fight for local gas

The gas price cap appeared to have lost its purpose in a recent ONGC auction as too many bidders fought for a small volume of gas with bids far above the ceiling.

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Will we see a fuel price cut ahead of Himachal, Gujarat polls?

Ahead of assembly elections in Himachal Pradesh and Gujarat, a cut in fuel prices may create a positive impact in the favour of governing dispensation and is likely to blunt some of the opposition criticism over higher cost of living, TOI said in a report on Wednesday.

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After ONGC, BPCL gets interim head in absence of regular appointment

Government headhunter Public Enterprises Selection Board (PESB) had in March this year advertised for the post of chairman and managing director of BPCL to look for a successor for Singh.

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CIL has so far achieved 98 pc of coal production target for FY23: Joshi

Joshi, who who was speaking at the 48th CIL Foundation Day, said the company has so far achieved coal supply target of over 100 per cent in FY23.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/uJ2i1GC

NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auction

This week itself the NARCL has offered to acquire two loans -Meenakshi Energy and Helios Photo Voltaic Ltd, makers of solar energy equipment - which has triggered Swiss Challenge auctions, the people said.

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Debenture holders move NCLT over '312-crore claim against GVK power

Debenture holders have moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructure, the ultimate holding company of GVK, claiming the holding company had guaranteed repayment of funds worth ₹312 crore provided to group companies, according to sources briefed on the matter.

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Govt cuts windfall tax on crude oil, hikes taxes on aviation fuel, diesel

The government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners due to high global crude and product prices.

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