UTI Capital has invested Rs 60 crore in Pristine Logistics & Infraprojects, which plans to set up inland container depots and private freight terminals.
Govt for uniform marketing margin for natural gas; exemption likely for city gas distribution companies and LNG importers
The oil ministry plans a uniform marketing margin for natural gas produced in the country as it moves decisively in the dispute between key customers and suppliers such as Reliance Industries and Gail India Ltd.
The acquisition, subject to relevant approvals, priority rights and consortium pre-emption rights, is expected to close in the first half of 2013, company said.
The Institute of Public Enterprise has conferred IPE CSR Corporate Governance Award to Engineers India Ltd in recognition to the Best practices in CSR.
The government will consider revising prices of domestic gas produced after 2014 on the basis of the Rangarajan panel's recommendations, oil ministry officials said
The oil ministry has said the government is not considering any proposal to revise price for natural gas produced from Reliance Industries-operated KG-D6 block before 2014.
Reliance Industries and the oil ministry have narrowed their differences over auditing of the controversial KG-D6 block and pricing of natural gas.
Oil Minister Veerappa Moily has assured private oil firms Cairn India, Reliance and BP that their pending issues would be resolved as soon as possible.
The decision is a shot in the arm for RIL that has waited for 3 years to develop new fields in D6 block, where D1 and D3 fields output has plummeted.
The increase in LPG prices followed the government's decision to limit the supply of subsidized cylinders to six in a year for each households in September.
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