Vedanta to increase crude output 50% in 3 years, invest Rs 5,500 cr

Vedanta, one of the world’s biggest producers of minerals, said it plans to increase its oil and gas output by around 100,000 barrels per day to 275,000-300,000 barrels per day by March 2020, and expand its Tuticorin copper plant to the world’s largest. At present, the Tuticorin copper smelter is producing 400,000 tons per year. […]

Diesel deregulation could arrive soon – Edelweiss

Deregulation of, or removing price controls from, diesel sales in India is imminent, said Edelweiss Securities in a report after meeting dealers. “We expect benign global oil prices to persist, paving way for de-regulation during Q4CY14,” analyst Jal Irani said in a report on Thursday. “We met the President of Petrol Dealers’ Association, Mumbai, and […]