State-owned rail coaches and mining equipment maker, Bharat Earth Movers Ltd. (BEML) said it signed a 12-year agreement with Coal India Ltd. (CIL) for joint production of off-road tyres.
In a statement, BEML said the tyres will be produced by Apollo Tyres and JK Tyres at a facility funded by itself and CIL.
CIL will invest 2 [...]
A uranium shortage has India’s nuclear plants running below capacity.
The government admitted the shortage along with declining profits only last week, the Times of India reported.
“Currently, there is a mismatch in the demand and supply of indigenous uranium. As a result, this capacity is being operated at lower power level, matching fuel supply,” a government [...]
State-run Coal India Ltd. has inked a pact with Oil and Natural Gas Corp. to pursue the study of underground coal gasification.
Junior Minister for Coal Santosh Bagrodia said in a statement CIL entered into a memorandum of understanding with ONGC to jointly pursue a pilot-scale study for underground coal gasification.
He said ONGC, in turn, signed [...]
India said 13 oil and gas exploration blocks are under operation in various parts of Rajasthan state.
“Currently, 13 oil and gas exploration blocks are under operation in production-sharing contract regime falling in the 14 districts of Rajasthan state. In addition, Oil and Natural Gas Corp. and Oil India Ltd. are also licensees in pre-new exploration [...]
Private energy major Cairn India Ltd. said Thursday it made two new oil and gas discoveries in Rajasthan state.
The company also announced the extension of its exploration activities in Rajasthan for another six months. Sharing the details of the oil and gas discoveries, a company statement said it made the discoveries in Kameshwari west-2 [...]
India says it is contemplating a new coal distribution policy that would be based on the requirements of regulated and non-regulated sectors to give a boost to small- and medium-sized industries.
The Coal Ministry said the new policy would be put in place within a month of its approval. The ministry set up an expert [...]
India says it has plans to auction 38 coal blocks with a reserve of 6086.67 million tons to the power, steel, iron and cement sectors in 2007.
“The coal reserves of 38 blocks to be allocated for captive mining through the screening committee route is estimated to be 6086.67 million tons,” India’s Junior Coal Minister Dasari [...]
Gold in Asia rose as some investors, undeterred by the metal’s 20 percent drop from a 26-year high last month, raised their holdings of bullion-backed securities in anticipation of rising prices.
Exchange Traded Gold, which manages gold-back securities, increased gold under management to 452 metric tons as of yesterday from 443 tons on June 1, Simon [...]
