After a 15-year wait and watch game, Sanjay Sagar-led JSW Energy is uniquely positioned to explore organic and inorganic growth opportunities in the power sector.

The power minister said that state-owned Ratnagiri Gas and Power will be split into two ventures as part of a revival plan finalised by the government.

This will be in addition to the 500 MW it already receives from West Bengal.

Reviving output from the nationalised coal sector has been one of Modi's most tangible achievements during his first year in office, one that he hopes will secure continuous power to all and eat into an annual coal import bill of $15 billion.

Petroleum Minister Dharmendra Pradhan said the Tata Group has 3,000 acres at Gopalpur and the company has been asked to be a partner in the proposed venture, which can come up in its area.

Sources said that Gail and IOC may hold half the stake in the project while the remaining may be with Adani. Dhamra will be the sixth LNG project announced on the east coast.

The acronym LED expands to light-emitting diode. In Andhra Pradesh, though, it translates into a 63 per cent reduction in peak-time power deficit.

The public sector oil companies are ready with a $6-billion war chest to develop a gigantic gas field off the Mozambique coast and converting the fuel into liquefied natural gas.

Finance Minister Arun Jaitley on Saturday presented his maiden full-year Budget for the 2015-16 financial year in the Lok Sabha. Read the full text of his speech here:

To enhance the status of civic amenities in the rural areas has been one of the ambitious goals of the development process.

With only two months left in this financial year, the govt has managed to raise only a small fraction of the ambitious target of Rs 58,425 crore.

Barely two months are left in this fiscal and the government has managed to raise only Rs 1,715 crore through the disinvestment of 5% stake in SAIL.

Abbot Point port terminal in Queensland, about 980 km north of Brisbane, which he bought for nearly $2 billion in 2011 is the biggest single bet Gautam Adani has ever made.

The PSU has been asked to pay royalty on the $1.41 per unit it is collecting on natural gas produced from Reliance Industries' eastern offshore KG-D6 fields.

Opening the coal sector fully for commercial mining, to private investors to compete with CIL, is the answer for the country to accomplish self sufficiency in coal.

The list includes BSNL, MTNL, Air India, Hindustan Photofilms and Hindustan Fertilisers Corporation.

Other firms that bid for city gas distribution licenses at the close of bidding on Monday included Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd (HPCL), Gujarat Gas and GSPC, sources said.

The two companies plan to pursue business opportunities in natural gas and LNG value chain business globally, which will cover cooperation in petrochemicals, natural gas procurement, pipelines and LNG.

Gas Authority of India Limited (Gail) on Sunday suspended two senior company officials of its Andhra Pradesh (AP) office to fix responsibility for the leakage in the gas pipeline which led to the fire that killed 19 persons and injured several others.

A magisterial probe has been ordered into Thursday's leakage of a highly toxic gas at SAIL's Bhilai Steel Plant that left six dead, including two Deputy General Managers, even as authorities said casualties are unlikely to go up with all those taken ill out of danger.