Eight of these blocks are part of the 61 captive coal acreages allocated to private companies post 2005

Acting on the recommendations of a high-level inter-ministerial panel, the coal ministry on Monday cancelled 10 coal blocks allocated to 18 companies including Adani Power, Jindal Steel and Power (JSPL), Rungta Mines and a joint venture between Tata and South African Sasol.

Coming down heavily against Delhi chief minister Arvind Kejriwal for ordering an “unconstitutional” FIR against him and others for raising gas prices, Oil minister M Veerappa Moily on Friday said t

The federal auditor in 2011 accused RIL of violating the terms of contract for the KG-D6 block off the AP coast but did not talk about loss to exchequer or impact on gas price.

The CAG report on a special audit of RIL books for 2006-2008, when most major equipment and services were contracted, let RIL off the hook on artificially jacking up the cost of bringing the field into production.

Ministry accepts in principle RIL formula to calculate bank guarantees, talks to be held today

Unfazed by Delhi Chief Minister Arvind Kejriwal’s move to register a corruption case against Oil Minister Veerappa Moily and Reliance Industries Chairman Mukesh Ambani for their alleged collusion in doubling the price of natural gas, the Central government is taking steps to implement the new rates as scheduled from April 1.

Delhi Chief Minister Arvind Kejriwal on Tuesday ordered the filing of an FIR against Union Petroleum Minister M. Veerappa Moily, former Minister Murli Deora, Reliance Industries Ltd.

The Comptroller & Auditor General (CAG) of India has asked the oil ministry to explain the delay in approving audited accounts of Reliance Industries-operated KG-D6 block since 2008-09, which t

Seems like oil minister Veerappa Moily doesn’t like travelling alone on public transport.

Govt to meet city distribution firms' full requirement through domestic gas; prices fall 30% in Delhi

In a move that will bring down the prices of compressed natural gas and (CNG) for transport and piped natural gas (PNG) for domestic use across the country — by about 30 per cent and 20 per cent, respectively, in Delhi — the central government has decided to meet the full requirement of city gas distribution (CGD) companies through domestic gas supply.

The Delhi government headed by the Aam Admi Party wants the Supreme Court to hold two Union petroleum ministry officials guilty of contempt over what it says is the inadequate allocation of compres