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Indian Oil plans to build Rs 30,000 crore refinery at Mundra

Last Updated: Thursday, March 13, 2014, 19:17

State-owned Indian Oil Corp (IOC) is mulling setting up a Rs 30,000 crore refinery at Mundra in Gujarat as part of a plan to increase its processing capacity to 100 million tonnes.

CERC ruling to bring down Mundra project losses: Tata Power

Last Updated: Thursday, February 27, 2014, 12:10

The CERC ruling will help in reducing Mundra project's annual losses by Rs 1,100 crore, according to Tata Power.

CERC ruling to reduce Mundra losses by Rs 400 cr: Tata Power

Last Updated: Wednesday, February 26, 2014, 19:03

The country's largest private power producer also said that tariff for the 4,000 MW Mundra project, which would go up to Rs 2.90 per unit still remains very competitive.

CERC ruling to cut losses; tariff still competitive: Tata Power

Last Updated: Wednesday, February 26, 2014, 14:13

Describing the CERC ruling on Mundra project as partial relief, Tata Power on Wednesday said tariff of electricity generated from the plant would go up to Rs 2.90 per unit which still remains very competitive.

Tata's Mundra project tariff hike to be about 47 paise/unit

Last Updated: Tuesday, February 25, 2014, 19:32

Tata Power's Mundra UMPP will get about 47 paise per unit more following electricity regulator CERC allowing hike in tariff to mitigate the company's higher cost of imported fuel.

Tata Power jumps 7%, Adani Power up 5% on CERC order

Last Updated: Monday, February 24, 2014, 12:00

Shares of power producers Tata Power and Adani Power surged in morning trade on the bourses after the electricity regulator CERC allowed them higher tariff and total compensation for their Mundra power projects.

CERC allows compensation for Tatas, Adani power projects

Last Updated: Saturday, February 22, 2014, 23:01

In a major relief for Tata Power and Adani Power, electricity regulator CERC has allowed them higher tariff and total compensation worth over Rs 1,100 crore for their Mundra power projects fired by imported coal.

Tata Power exits Indonesian coal firm Arutmin for $500 million

Last Updated: Friday, January 31, 2014, 22:04

Tata Power on Friday announced sale of its 30 percent stake in Indonesian coal company PT Arutmin for USD 500 million (Rs 3,150 crore) to cut its debt.

Bank of Baroda raises $750 million from overseas bonds

Last Updated: Thursday, January 16, 2014, 20:59

State-run Bank of Baroda (BoB) on Thursday said it has successfully raised USD 750 million through an international bond sale at a coupon of 4.8 percent.

Restoration work at Mundra plant completed: Tata Power

Last Updated: Friday, December 06, 2013, 23:21

Tata Power's 4,000-MW ultra mega power project at Mundra in Gujarat caught fire on November 18 last month, partly affecting coal feeding conveyors.

CERC order on Mundra UMPP likely this month-end: Tata Power

Last Updated: Wednesday, December 04, 2013, 15:10

Tata Power, nation's largest private power producer, has said the electricity regulator CERC's order for granting compensatory tariff for the company's Mundra project is likely to come up by month-end.

RIL-BP front-runner for picking 25% stake in Mundra Terminal

Last Updated: Tuesday, December 03, 2013, 16:23

State-owned Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) are the other two firms shortlisted, officials said on the sidelines of 8th Asia Gas Partnership Summit here.