Reliance Industries Limited (RIL), run by Mukesh Ambani, has announced discovery of an oilfield in the Cambay Basin, off the coast of Gujarat.

Oil & Natural Gas Corp. (ONGC), India’s biggest government-owned energy explorer, said net profit in the three months ended September 30, 2009 climbed 5.8 percent to 5,090 crore rupees on higher earnings from crude oil sales.

Reliance Q2 2009 quarterly report released; net profit down 6.4 %

The state-owned National Aluminium Company (NALCO) has started exploratory discussions to set up a nuclear power plant with the backing of the Nuclear Power Corporation of India Limited (NPCIL) in Ganjam district of Orissa.

India and Mongolia have signed a crucial agreement on the use of nuclear power for civilian purposes.

The United States Department of Energy and the All-India Institute of Local Self Government (AIILSG) has launched a joint training program on ‘Energy-efficient and green cities,’ in Goa.   

Global technology company Moser Baer India Limited has been awarded a contract to develop, in Chandrapur in Maharashtra, one of the biggest indigenous solar power projects in India.

In the next 24 to 48 hours, Reliance Industries (RIL) will start their gas production at the Krishna Godavari (KG) basin. The production of gas from the Dhirubhai 6 (D6) block will boost the revenue from the refinery to up an estimated amount of $2 billion when the production is at its peak capacity.

The state run Indian Oil received government’s consent to merge with the Bongaigaon Refinery and Petrochemicals Ltd. The ministry of corporate affairs sanctioned the merger scheme of both the firms.

Anil Dhirubai Ambani’s Reliance Power bagged yet another contract by bidding the lowest, leaving the second lowest bidder National Thermal Power Corporation with a comparative margin of 53 paise to win the 4,000 MW Tilaiya ultra mega power project (UMPP).