GAIL completes funding for Assam petrochemical plant

October 1st, 2009 NEW DELHI - GAIL India Thursday welcomed the petroleum ministry's proposal to allow it to charge marketing margin on sale of subsidised natural gas, saying it would help the company invest more in servicing bad debts and expanding markets. "We are very happy that the government is considering it," GAIL chairman B.C.

August 27th, 2009 Fluor completes joint venture project in KuwaitIRVING, Texas — Fluor Corp. completed a multibillion-dollar project for a joint venture with Dow Chemical Co.

August 18th, 2009 NEW DELHI - Assam Governor Syed Sibtey Razi has been asked to demit office following complaints that his aides and staff allegedly made money for transfers and postings when he was governor of Jharkhand, said highly placed government sources. Razi, who was sworn in as Assam's governor on July 27 and has been apparently camping in Delhi, has reportedly sought more time before putting in his papers, sources told IANS.

August 18th, 2009 CBI unit wins $40 million ethylene plant contractTHE WOODLANDS, Texas — A subsidiary of Chicago Bridge & Iron NV said Tuesday it won a contract worth about $40 million to supply eight heaters to an ethylene plant in Taiwan. The Lummus Technology subsidiary said it won the contract from CTCI Corp.

July 31st, 2009 NEW DELHI - Infrastructure major Jaiprakash Associates Ltd Friday signed an agreement with Assam Mineral Development Corp (AMDC) for setting up a cement plant in the northeastern state. "The total cost for setting up this plant is estimated to be Rs.1,050 crore," the company said in statement.

July 15th, 2009 French petrochemical explosion kills 2PARIS — An explosion at a petrochemical plant owned by the French oil giant Total killed two people and injured six on Wednesday, the company said. The blast occurred in Carling-Saint-Avold, a town in eastern France near the German border, Total said in a statement.

July 15th, 2009 French explosion kills at least 2PARIS — Local authorities say an explosion at a petrochemical plant in eastern France has killed at least two people and injured five. An official with the local governor in Moselle, 210 miles (340 kilometers) east of Paris, says the explosion occurred Wednesday at a plant in Carling/Saint-Avold.

July 15th, 2009 French petrochemical explosion kills at least 2PARIS — An explosion at a petrochemical plant in eastern France on Wednesday killed two people and injured six, the French oil giant Total said. Several others were buried under the rubble, local authorities said.

June 26th, 2009 NEW DELHI - State-run gas major GAIL India will invest Rs.7,500 crore ($1.5 billion) to develop two major pipelines in southern India, the company said Friday. Of this investment, Rs.4,500 crore would be spent on the 1,389-km Dabhol-Bangalore pipeline, which would have a capacity of 16 million standard cubic metres a day (mmscmd), a company statement said.

June 15th, 2009 NEW DELHI - State-run gas major GAIL India Monday reported a net profit of Rs.2,804 crore ($585 million) for 2008-09 as against Rs.2,601 crore recorded the year before, an increase of 8 percent. In a regulatory statement, the company said its turnover during the period increased 32 percent to Rs.23,776 crore from Rs.18,008 crore in 2007-08.

June 1st, 2009 NEW DELHI - Union Home Minister P. Chidambaram on Monday summoned Assam Chief Secretary P.C.

March 5th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) Thursday announced an alliance with the Asom Gana Parishad (AGP) for the Lok Sabha elections in Assam. 'In the Lok Sabha elections, BJP would be the major partner, but in the assembly elections in the state the AGP would be the senior partner,' BJP president Rajnath Singh said here.

January 28th, 2009 NEW DELHI - State-run gas utility GAIL India has scaled down its capital expenditure to Rs.55 billion (Rs.5,500 crore) for 2009-10 after the Planning Commission objected to the higher estimate prepared earlier, the company said here Thursday. 'Our capex was originally Rs.7,000 crore (Rs.70 billion), which we submitted to the Planning Commission for approval.

January 27th, 2009 MUMBAI - State-owned gas utility GAIL India Ltd Wednesday said its net profit declined 59.22 percent to Rs.2.53 billion (Rs.253 crore/$51.5 million) in the quarter ended Dec 31 from Rs.6.21 billion a year ago. However, the company's total Income rose to Rs.60.46 billion during the period under review from Rs.44.83 billion in the corresponding quarter last year.

January 21st, 2009 NEW DELHI - The Empowered Group of Ministers (EGOM) on gas utilisation from Reliance Industries' (RIL's) KG-D6 hydrocarbon block in the Krishna Godavari basin has decided that Reliance's own industries will be eligible for supply only after the needs of fertilizer units and power plants are met, the government said Thursday. In a statement, the ministry of petroleum and natural gas said the total production of gas will reach a 'plateau' of around 80 million metric standard cubic metre per day (mmscmd) by 2012, before it starts dwindling from 2017.