New Delhi Oman has halved the price at which it will sell natural gas to an Indian fertiliser plant in the Gulf nation to $1.5 per mmBtu but has added an annual escalation clause.

Oman, which had previously proposed to raise rates of gas sold to OMIFCO’s urea manufacturing facility at Sur to $3 per million instead of present price of $0.77 per mmBtu, has revised its offer to charge $1.5 per mmBtu, sources in know of the development said.

Fertiliser ministry has sent a proposal to finance ministry for creating a sovereign wealth fund.

India’s dream of providing clean gas-based power stations is turning sour. Three gas-based power plants, including Pragati, Bawana and Rithala in the NCR region, with a combined capacity of over 1,730 MW, have literally “run out of gas”.

With ministry of petroleum and natural gas sources confirming that India’s gas output is expected to fall by 35 per cent in this fiscal year and another 12 per cent between 2013-14, the situation is expected to become alarming this summer.

Farmers have no Aadhaar numbers yet to receive cash for buying fertiliser

New Delhi Industrial units of the core sectors, like steel and fertiliser, may have to pay a penalty of R10,154 for every tonne of oil equivalent energy shortfall, if they fail to meet the new energy efficiency targets set by the government.

The 478 most energy-intensive industrial plants, which account for about one-third of the total energy consumed in India, will have to reduce their power consumption use to 6.6 million tonne (mt) of oil equivalent energy by 2014-15 as per the New Energy Conservation Rules.

The ammonium mix process is sustainable because it converts municipal solids into a product that fertilizes crops.

NEW DELHI, March 22 – In a major push to revive the stalled Namrup Fertilizer modernisation plan, Assam Government has offered to share 10 per cent project cost of the new plant.

JAMMU : Pointing out that 70 to 80 percent of population is engaged in agriculture and allied sectors but 100 percent of population is dependent on agricultural produce, Minister for Agriculture, Ghulam Hassan Mir today informed the House that to make the sector more profitable a new policy for the State is on the anvil.

New Delhi: A billion-dollar venture of public sector cooperatives Iffco and Kribhco in Oman is in jeopardy as Muscat has trebled the price of gas it supplies to India’s only overseas fertilizer pla

BHUBANESWAR: Chief Minister Naveen Patnaik on Wednesday demanded early revival of the Talcher plant of the Fertiliser Corporation of India Limited (FCIL).