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Power producers face profit worries as demand lags supply

The power sector is facing a problem of plenty. Power demand is not growing as anticipated and capacity utilisation of coal-fired power plants is rapidly falling so much so that they are now wor

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Government not to reconsider Reliance Power plea on output from coal blocks

Government has declined Reliance Power's request to reconsider restrictions on output from its mines in Moher and Moher Amlohri Extension blocks - linked to its Sasan UMPP as the case is in the

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Government likely to give oil cess relief to domestic producers

For the first time in over four decades, the government is likely to convert a cess on domestically produced crude oil into an ad-valorem rate from a fixed per tonne levy, at present. The Budget for 20

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