Environment Protection Department (EPD) Punjab issued notices to 110 polluter industrial units on Friday.

The Centre is contemplating to hike retail prices of urea by 10 per cent. The proposal is likely to be put up before the Cabinet Committee on Economic Affairs soon for its consideration.

A panel, led by Finance Minister Pranab Mukherjee, had last year approved a new draft urea policy, which proposed partial freeing of retail prices, allowing companies to hike urea prices by 10 per cent in the first year of policy implementation.

New Delhi The coal ministry has proposed a sovereign fund to facilitate the acquisition of coal properties abroad. The proposal comes following the demands from steel, fertiliser and power companies that have been trying hard to buy mineral assets in countries like Indonesia and Australia.

“Though Coal India has surplus resources for investing outside, it is important to have financial support from the government for acquiring very large assets abroad," coal minister Sriprakash Jaiswal told reporters on the sidelines of a CII conference.

The power ministry will allow producers to raise tariffs if fuel costs of new projects rise, and will not oppose a hike in domestic gas prices.

New Delhi: Reflecting a slowdown in the economy, the growth rate of eight core infrastructure sectors dipped to 2% in March and 4.3% during 2011-12 on account of poor performance in crude oil and n

Move ensures uninterrupted urea supply to Indian market Govt not to drag Gulf nation to International Tribunal

The government has accepted the proposal seeking hike in prices of gas supplied by Oman to an Indian fertiliser plant in the Gulf nation to $1.5 per mmBtu for this year, a move that will ensure uninterrupted supply of urea to the Indian market.

Amid depleting resources and rising global prices of soil nutrients, the fertiliser ministry has proposed a sovereign wealth fund (SWF) of $1 billion to acquire such assets abroad.

Agartala: ONGC-Tripura Power Corporation (OTPC)’s 724-MW gas-based thermal power project at Palatana in South Tripura district would start generation by June, a top official of state-owned oil major ONGC said on Tuesday. The first phase of the project would be operational by June, ONGC Chairman and Managing Director Sudhir Basudeva, who reviewed the progress of work at the project with OTPC officials on Monday, told reporters here.

tHE 724-MW gas-based thermal power project is a JV between ONGC and Tripura Power Corporation

ONGC-Tripura Power Corporation (OTPC)'s 724-MW gas-based thermal power project at Palatana in South Tripura district would start generation by June, a top official of state-owned oil major ONGC said today.

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.

Pages