Atlas, Reliance to buy more Marcellus acreage
The booming Marcellus shale -- a gas project which according to some geologists could hold enough natural gas to satisfy U.S. demand for a decade -- has been attracting companies' attention for the last few years.
GAIL to move gas regulator for tariff hike
GAIL has been charging tariff of Rs 28.48 per mmbtu on an adhock basis for transportation of gas via the pipeline. But in its proposal submitted to PNGRB, the gas transporter sought tariff of Rs 35.39 per mmbtu on the basis of extra capital expenditure incurred by it on maintenance. However, PNGRB moderated levelised tariff to Rs 25.46 per mmbtu
Local FIs raise exposure to Bharati Shipyard
The shipbuilding company is looking at some large opportunities in offshore business after it acquired a majority stake in Great Offshore in a hotly contested takeover battle last year.
UP sugar output could jump 35%
“Farmers have got unimaginably high prices for cane this year and they will devote the entire crop land to sugar,” Gupta said. “We’re going to enter a bumper production cycle,”
ACC 1st quarter net dips 1.6% Rs 393 cr
“During the quarter, several of our units faced despatch constraints due to non-availability of wagons, due to which our net sales were near flat. But we are able to register some increase in sales turnover, driven by price improvement in a few regions,” the company said in a statement.