Energy Sector

Gujarat NRE Coke to raise Rs 1000 crore; Discloses detail of pledges shares

Gujarat NRE Coke LtdMetallurgical coke maker Gujarat NRE Coke Ltd said on Monday that it will raise up to Rs 1,000 crore through institutional placement. An official quoted that the company would raise funds up to Rs 1,000 crore through the issue of non-convertible debentures (NCD) with warrants on qualified institutional placement basis.

However, the terms and conditions of the said NCD issuance would be decided by the board of directors and would be subject to the shareholders' approval.

OPEC oil price gains 1.25 dollars

OPEC oil price gains 1.25 dollarsVienna  - The price for oil produced by the O

OPEC oil price drops to 41.52 dollars

OPEC oil price drops to 41.52 dollarsVienna  - The price for oil produced by

OPEC oil price gains 0.60 dollars

OPEC oil price gains 0.60 dollarsVienna - The price for oil produced by the Orga

Bahrain, Shell sign memorandum on gas initiatives

Bahrain, Shell sign memorandum on gas initiativesNicosia, Feb 3: The National Oil and Gas Authority (NOGA) of Bahrain and Shell International Gas and Power Limited have signed a memorandum of understanding (MOU) concerning the feasibility of various gas initiatives in the kingdom.

Bahrain in recent years has experienced a sharp increase in natural gas consumption and has been exploring ways of meeting demand both through the development of the country''s own gas resources and through imports.

Sonia to dedicate country's longest Mundra-Delhi oil pipeline to nation today

Sonia to dedicate country''s longest Mundra-Delhi oil pipeline to nation todayJaipur, Feb 3: Congress President Sonia Gandhi will dedicate the 1,054-km Mundra-Delhi oil pipeline to the nation at Bagru town near Jaipur today.

It is project of Hindustan Petroleum Corporation Ltd. (HPCL) and was built in just 36 months at a cost of 1,757 crore rupees. It is the country''s longest oil pipeline.

The pipeline passes through eleven districts spread over Gujarat, Rajasthan and Haryana.

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