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Finance ministry clears decks for CIL acquisition plans

Thursday 3rd Nov 2011 1247

Kolkata : Coal India Ltd (CIL), which was facing procedural hurdles for its overseas acquisition plans, is finally getting a relief.

The finance ministry has assured the firm that the rule of....

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L&T gets Rs 1,629 cr orders in construction segment

Thursday 3rd Nov 2011 1256

New Delhi : Engineering major Larsen and Toubro (L&T)'s construction division has bagged new contracts worth Rs 1,629 crore in the buildings and factories segment.

"A major design and build order worth Rs....

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Essar Oil posts Rs 166 cr loss for July-Sept

Wednesday 2nd Nov 2011 1241

New Delhi : Essar Oil today reported a net loss of Rs 166 crore in the second quarter ended September 30 after it made Rs 407 crore provision for liability arising from....

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Nalco begins water hunt in Sundergarh

Wednesday 2nd Nov 2011 1255

Kolkata : Barely a month after hinting at moving out of Orissa because of unavailability of land to set up its second smelting plant, National Aluminium Company (Nalco) has started a....

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Reliance' KG-D6 gas output dips to 42 mmscmd

Wednesday 2nd Nov 2011 1252

New Delhi : Reliance Industries has seen natural gas output from its eastern offshore KG-D6 field drop to 42 million standard cubic meters per day.

he Dhirubhai-1 and 3 gas fields and MA....

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Pratibha Ind bags orders worth Rs 571 cr

Wednesday 2nd Nov 2011 1258

Mumbai : Pratibha Industries today said that it bagged two orders in the buildings and water segment. The combined value of both the orders amounts to Rs 571 crore.

The company received....

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IVRCL, arm get boards' nod to pursue merger plan

Tuesday 1st Nov 2011 1255

Chennai : Hyderabad-based engineering and construction company IVRCL Limited, and its subsidiary IVRCL Infrastructures and Projects Limited, on Monday received in-principle approval from their respective boards to pursue the proposal for....

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Shell, Total to expand Hazira LNG capacity

Tuesday 1st Nov 2011 1251

Mumbai : Operators plan to invest Rs 450 crore in expansion.

Shell and Total, operators of the liquefied natural gas (LNG) terminal at Hazira in Gujarat, have decided to increase its annual....

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RIL plans $2.33 bn investment in R-Series gas field

Tuesday 1st Nov 2011 1257

New Delhi : Reliance Industries (RIL) plans to invest up to $2.338 billion to produce about 15 million standard cubic metres per day of gas from the R-Series gas field in its....

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Phadnis Infra bags contracts worth Rs 118 cr

Tuesday 1st Nov 2011 1252

Mumbai : City-based infrastructure development company Phadnis Infrastructure has bagged two contracts worth Rs 118 crore from the Ministry of Defense and National Highway Division IX, Nashik.

The Ministry of Defense has....

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