NALCO gets mining lease for refinery in Andhra PradeshSeptember 18th, 2009 BHUBANESWAR - The state-owned National Aluminium Co Ltd (NALCO) Friday said it has got the mining lease approval to build a 1.4 million tonne greenfield alumina refinery in Andhra Pradesh. The government of India has accorded prior approval for the mining lease proposals of the government of Andhra Pradesh for awarding lease to NALCO over Gudem and Katamraju Konda bauxite blocks in Andhra Pradesh, the company said in a release.
Andhra Pradesh Chief Minister YSR is deadSeptember 2nd, 2009 HYDERABAD - Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy has been killed, official sources confirmed Thursday, more than 24 hours after his helicopter went missing in a densely forested area of the state.
Andhra Pradesh to fight for share of gas, royaltiesAugust 4th, 2009 HYDERABAD - Amid the ongoing legal battle between the Ambani brothers over supply and price of gas from the Krishna-Godavari (KG) basin, off the Andhra Pradesh coast, the state government Tuesday said it would fight for its reasonable share of gas and royalties. Chief Minister Y.S.
Government promises to protect public interest in gas rowAugust 3rd, 2009 NEW DELHI - The government will do everything to protect public interest which is its legal obligation, Minister of Petroleum and Natural Gas Murli Deora told Lok Sabha in a statement over the distribution of gas from Krishna-Godavari Basin by Reliance Industries Limited. "We have nothing to do with the private dispute of companies or individuals," Deora said Monday in a statement, amidst protests from the opposition benches.
Petroleum Ministry acting biased: Anil AmbaniJuly 28th, 2009 MUMBAI - Reliance Natural Resources chairman Anil Ambani on Tuesday blamed the Petroleum Ministry of maintaining a biased approach in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the issue of the price of natural gas from the Krishna-Godavari basin. Anil, while addressing shareholders of the company, stated that the Government would not lose a single rupee even if the gas from the fields off the Andhra Pradesh coast were to be supplied to his company at the originally contracted price of 2.34 dollars per unit.
Etisalat, RCom sign infrastructure sharing pactJuly 22nd, 2009 NEW DELHI - Etisalat DB, a joint venture between Dubai-based telecom major Etisalat and Mumbai's Dynamix Balwas group (DB), and the Anil Ambani-promoted telephony operator Reliance Communications (RCom), have entered into an agreement to share infrastructure for 10 years, a RCom statement said Wednesday. The agreement, which will enable Etisalat DB to share tower and transmission infrastructure owned by RCom and sister company Reliance Infratel, is expected to increase RCom's revenues by Rs.10,000 crore ($2.2 billion), the company said in the statement.
Power from Andhra Pradesh can light up Tamil Nadu: CIIApril 18th, 2009 CHENNAI - Tamil Nadu, which is facing severe power shortage, can buy around 750 MW of electricity from Andhra Pradesh once the gas-based power plants in that state resume production with the gas from Reliance Industries' Krishna Godavari basin, a top industry official said here Saturday. 'Andhra Pradesh is expected to have 2,000 MW additional power generation because of the KG basin gas.
Rahul Gandhi campaigns in Andhra PradeshApril 10th, 2009 HYDERABAD - Congress General Secretary Rahul Gandhi is scheduled to address various rallies across the Andhra Pradesh on Friday and Saturday. Andhra Pradesh is getting ready for the first phase of polling on April 16.
RIL gas begins to flow from KG D-6 basinApril 2nd, 2009 NEW DELHI - Reliance India Ltd. (RIL) achieved a landmark in the history of oil and gas production when its deep-sea Krishna Godavari basin fields flowed to the surface on Thursday.
Andhra govt. sends DGP candidates list to ECMarch 21st, 2009 HYDERABAD - The Andhra Pradesh Government on Friday forwarded the names of three Police officers to the Election Commission for it to name the State's new Director General of Police (DGP). The names were forwarded after the Election Commission had ordered the transfer of current DGP S.
Reliance Power bags third ultra mega power projectFebruary 11th, 2009 NEW DELHI - The government Thursday handed over the letter of intent for the Tilaiya ultra mega power project (UMPP) to Reliance-Anil Dhirubhai Ambani Group (R-ADAG), being set up at an investment of over Rs.120 billion (Rs.12,000 crore/$2.4 billion). This is the third UMPP awarded to group company Reliance Power, with the other two being at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh.
Anil Ambani group bags third ultra mega power projectJanuary 27th, 2009 NEW DELHI - The Reliance Anil Dhirubhai Ambani Group was Wednesday awarded its third ultra mega power project, set to come up at Tilaiya in Jharkhand with an investment of over Rs.12,000 crore (Rs.120 billion/$2.4 billion). 'We have been awarded the Tilaiya project.
Court verdict soon on sale of Reliance Industries gasJanuary 15th, 2009 MUMBAI - The Bombay High Court is expected to decide next week whether Mukesh Ambani-led Reliance Industries can assume sale of natural gas from the Krishna-Godavari basin, off the Andhra Pradesh coast. The court had imposed a stay on the sale of natural gas from the fields after two cases were filed against Reliance Industries over the sale price and qualtity of fuel - one by the Anil Ambani Group and the other by state-run power utility National Thermal Power Corporation (NTPC).
Anil Ambani group questions government's role on gas pricingJanuary 14th, 2009 MUMBAI - Anil Ambani-led Reliance Natural Resources Thursday pleaded before the Bombay High Court that the government had no right to fix the sale price of gas due to it from the hydrocarbon fields allotted to Mukesh Ambani's Reliance Industries. 'Under production sharing contracts, government's role is limited to approving the gas value so as to determine its share of profits,' a senior company official said, quoting a counter-affidavit filed with the court on the dispute over the natural gas from the Krishna-Godavari basin.
Mukesh Ambani's Reliance denies gas pact with brother's firmJanuary 13th, 2009 MUMBAI - Mukesh Ambani's Reliance Industries Wednesday denied any pact with Anil Ambani Group's Reliance Natural Resources Ltd (RNRL) for the sale of natural gas from the Krishna-Godavari basin off the Andhra Pradesh coast. Representing Reliance Industries, senior counsel Harish Salve told the Bombay High Court that a memorandum of understanding was entered into with Reliance Energy, another company in the Anil Ambani group, for the Dadri power project in Uttar Pradesh.