Understanding ONGC – GSPC Gas Block Deal.

The announcement on buyout of Gujarat State Petrochemical Corporation’s (GSPC) assets in K-G basin block by ONGC earlier this week puts an end to GSPC’s audacious attempt to establish itself as an important gas producer. GSPC struggled for more than half a decade to extract gas from the field after a high profile announcement on … Continue reading Understanding ONGC – GSPC Gas Block Deal.
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Understanding RIL-ONGC Gas Migration Dispute.

The demonetisation and Mistry’s exit from Tata have taken the sheen out of all other recent news, one of which is the slapping of fine of nearly Rs 10,000 crore by the government on RIL and its partners. The fine relates to migration of gas from ONGC fields to RIL fields in K-G basin leading to … Continue reading Understanding RIL-ONGC Gas Migration Dispute.
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Gas Pricing – Another Power Sector achievement..

  India has nearly 24,000 mw of natural gas based power plants. Till about a year back, about 14,000 mw of them were lying completely idle whereas the remaining 10,000 mw were running at an average PLF (capacity utilization) of 30-40% due to high price of gas. (My Second in the series on Power sector … Continue reading Gas Pricing – Another Power Sector achievement..
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Chabahar Port agreement…

The news of agreement on Chabahar port seems to be receiving unprecedented coverage, like signing of a Nuclear treaty..! So much so that it doesn’t seem to leave room to talk about anything else..! So, my brief take on the same.. The agreement paves the way for building up an economic corridor from India to … Continue reading Chabahar Port agreement…
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Deciphering Core Sector Growth…

Core sector data released last week shows that the eight core sectors have recorded an impressive growth of 6.4% in March’16. More importantly, this is the fifth month when growth rate has improved over previous months indicating consistency which is quite unusual for a data set like this. The significance of core sectors is that these … Continue reading Deciphering Core Sector Growth…
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