Energy Sector

BHEL pockets various orders worth Rs 7000 Crore

Bharat Heavy Electricals LtdPublic sector equipment maker Bharat Heavy Electricals Ltd (BHEL) has notified that it has received four contracts worth Rs 7,000 crore from various producers, to supply and set up electrical equipment for thermal power projects.

The contracts have been awarded to BHEL by India's power utility NTPC, NLC Tamil Nadu Power Ltd (NTPL) and Mahagenco.

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.

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