R/€ = 16.37 Change: -0.08
R/$ = 14.37 Change: -0.04
Au 1414.81 $/oz Change: 30.73
Pt 812.08 $/oz Change: 8.49

Ajoy K Das

India plans incentives for oil, natural gas E&P investors

24th June 2019 The Indian government is planning to frame an incentive policy for oil and natural gas exploration and production (E&P) companies. The new policy will incorporate some of the financial incentives discontinued earlier, and the sops extended to E&P companies, even if they fail to bring exploratory... 

ONGC to outsource discovered small oil, gas fields while retaining ownership

24th June 2019 In a bid to circumvent government plans to take away its discovered small fields (DSFs), national oil and natural gas exploration and production (E&P) major ONGC has decided to auction such assets under production enhancement contracts, while retaining ownership with itself. Company sources said... 

Indian power producers want more coal on rail to lower costs

24th June 2019 Indian private thermal power companies are seeking to shift more coal from roads to State-run Indian Railways (IR) to bring down logistical costs. Private thermal power utilities reckon that higher dispatches of coal by State miner Coal India Limited (CIL) through IR will reduce the cost of... 

Modi intervenes to reopen closed Goa iron-ore mines

18th June 2019 Indian Prime Minister Narendra Modi has stepped in to find a political and legislative solution for the 88 iron-ore mines that have been closed in the western coastal state of Goa since last year. Goa Chief Minister Pramod Sawant said in a statement that in the course of a meeting of the National... 

Indian aluminium producers seek protection measures

18th June 2019 Ahead of India’s national Budget to be presented before Parliament next month, aluminium producers are seeking a slew of protection measures. Aluminium Association of India is seeking an increase in import duty on finished aluminium from 10% to 12.5%, considering that the domestic industry was... 

India national Budget likely to scrap import duty on LNG

18th June 2019 The Indian government is considering scrapping an import duty on liquefied natural gas (LNG) in the forthcoming Budget to be presented before Parliament next month. Government officials say that the Petroleum and Natural Gas Ministry has made a strong pitch for reducing the current LNG import... 

Petronet LNG completes expansion of Dahej terminal

12th June 2019 India’s biggest natural gas importer, Petronet LNG Limited (PLL), has completed the expansion of its liquefied natural gas (LNG) terminal at Dahej in the western state of Gujarat and is a step closer towards increasing its inward shipment of LNG during the financial year by 15%. In a statement... 

Coal India Limited looking at coal asset acquisitions in Australia

10th June 2019 State run miner Coal India Limited (CIL) has identified coking coal and high-grade thermal coal assets in Australia for strategic investments and will be appointing merchant bankers to conduct financial due diligence of these targeted acquisitions. CIL is looking at picking up equity stakes in... 

Indian mining sector hit by dissension over expiring mining leases

10th June 2019 With the expiry of mining leases (MLs) for 354 mines across India fast approaching and delayed fresh auctions looming large, sharp differences have surfaced among various stakeholders in the sector. The narrative until now among a section of stakeholders has been of an impending shortage of... 

Indian miners seek rescinding of ban on beach sand mining by private companies

31st May 2019 Indian miners in the private sector are seeking a reversal of a government order that banned beach sand mining by private mining companies. Private sector miners, in a submission to the government, point out that the imposition of the ban is a reflection of the poor regulatory environment and a... 

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