The Gas Authority of India Limited has made preparations to supply natural gas to industries in the Pune industrial belt to help them generate their own power. Industries in Talegaon, Chakan and Pune region are expected to benefit from this plan. For full story, click here
The Bombay High Court has ruled in favour of Reliance Natural Resource Limited in its 3-year-old conflict against Reliance Industries to supply 28 MMSCMD of gas to RNRL for 17 years at a price of $2.34 mmbtu as referred in the original MoU signed during the Reliance de-merger in 2005. For full story, click here
Reliance Industries India’s most valuable company, had its stock rating cut at Kotak Securities Ltd., which cited the unfavorable gas price ruling the company faced from the Bombay High Court. For full story, click here
Mukesh Ambani’s Reliance Industries, India’s most valuable company, was ordered to sell natural gas to a company owned by his younger brother Anil for 44 percent less than the government-set price. For full story, click here
The forthcoming Budget may classify mineral oil as hydrocarbons, thus extending a seven-year tax holiday given to crude oil explorers to producers of natural gas, including ONGC and Reliance Industries. For full story, click here
Reliance Industries’ gas finds in the Krishna Godavari basin, if validated by Indian regulators, may place India among the top 15 gas producers in the world. For full story, click here
Reliance Industries, Essar Oil and Indian Oil are among the six firms, which have expressed interest in taking on lease the LNG terminal adjacent to the Dabhol power plant, even as the commissioning of the import facility has been put off by six months to October. For full story, click here
Shares of Deep Industries were in demand after the company won an order from Oil and Natural Gas Corp for natural gas compressors. For full story, click here
The government will allocate natural gas from Reliance Industries’ Bay of Bengal KG-D6 fields to companies like Essar Steel if any of the consumers it has currently identified is unable to use the fuel. For full story, click here
GAIL India Ltd. announced that it is planning to lay a 1,100 km pipeline, primarily to transport gas from Reliance Industries Ltd’s D6 block off the east coast to industries in the central and northern parts of the country. For full story, click here
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