For Maintainability for Waiver of Court Fee/Leave to File Appeal

Total Page:16

File Type:pdf, Size:1020Kb

For Maintainability for Waiver of Court Fee/Leave to File Appeal APPELLATE TRIBUNAL FOR ELECTRICITY, NEW DELHI Cause List for Tuesday, 14th March, 2017 TIME: 11.00 A.M. COURT - I CORAM: HON’ BLE MRS. JUSTICE RANJANA P. DESAI, CHAIRPERSON HON’ BLE MR. I.J. KAPOOR, TECHNICAL MEMBER For Maintainability S. Case No. Parties Name of Counsel for No. Appellant/Respondent Mrs./Mr. 1. DFR-265/17 Coastal Gujarat Power Ltd. Amit Kapur -Appellant(s) Versus Central Electricity Regulatory Commission & Ors. -Respondent(s) For Waiver of court fee/Leave to file appeal/Condonation of delay 2. IA-127/17 Kerala State Electricity Board Ltd. Ritin Rai, Jayant Malik In -Appellant(s) DFR-262/17 Versus Central Electricity Regulatory IA-127/17 Commission & Ors. (Delay in filing) -Respondent(s) 3. IA-129/17 M/s. Essar Power (Jharkhand)Ltd. Shruti Dass In -Appellant(s) DFR-67/17 Versus Central Electricity Regulatory IA-129/17 Commission & Ors. (Delay in filing) -Respondent(s) 4. IA-130/17 Maharashtra Aquaculture Farmer’s Prashant S. Kenjale IA-131/17 Association -Appellant(s) IA-132/17 Versus In Maharashtra Electricity Regulatory DFR-254/17 Commission & Ors. –Respondent(s) IA-130/17 (For leave to file appeal) IA-131/17 (Delay in filing) IA-132/17 (Waiver of court fee) 5. IA-214/17 Jindal Power Ltd. –Appellant(s) Divya Chaturvedi In Versus DFR-732/17 Central Electricity Regulatory Commission & Ors. –Respondent(s) IA-214/17 (Delay in filing) For Admission 6. 49/17 Cairn India Ltd. –Appellant(s) Hemant Singh, Sandeep Padhi, Versus Matrugupta Misra, Saahil Kaul Rajasthan Electricity Regulatory Commission & Ors. –Respondent(s) For Admission After Notice 7. 15/17 Indian Wind Energy Association (IWEA) Hemant Singh, Shikha Ohri & -Appellant(s) Matrugupta Mishra IA-35/17 Versus (For exemption Gujarat Electricity Regulatory from filing Commission certified copy of -Respondent(s) the impugned order) IA-156/17 (For amendment memo of parties) (Service complete) Pleadings Incomplete 8. 80/16 Bangalore Electricity Supply Co. Ltd. Ashok Bannidinni -Appellant(s) (Service Versus Anand K. Ganesan complete) Karnataka Electricity Regulatory Swapna Seshadri for R-1 Commission -Respondent(s) 9. 65/16 Punjab State Power Corporation Ltd. Anand K. Ganesan & -Appellant(s) Swapna Seshadri IA-166/16 Versus (For stay) Biomass Power Producers Association Hemant Singh, Shikha Ohri & Ors. -Respondent(s) Matrugupta Mishra (Court Notice Tushar Nagar Piyush Singh Served) Nimesh Kumar Jha for R-1 (Affidavit of Aditya Grover service not filed) Arjun Grover for R-2 Sakesh Kumar for R-4 9a. 284/16 Biomass Power Producers & Ors. Hemant Singh, Shikha Ohri -Appellant(s) Matrugupta Mishra (Service Versus Nishant Kumar complete) Punjab State Electricity Regulatory Commission & Ors. -Respondent(s) Sakesh Kumar for R-1 Anand K. Ganesan Swapna Seshadri for R-2 Arjun Grover, Aditya Grover Paritosh Kumar Singh for R-3 (Vakalatnama not filed) 10. 292/16 M/s Utkal Alumina International Ltd. Syed Shahid Husain Rizvi & -Appellant(s) IA-597/16 Versus (For stay) Odisha Electricity Regulatory Commission & Anr. -Respondent(s) (Court notice for R-2 not served) (Affidavit of service not filed) 11. 04/17 Damodar Valley Co. -Appellant(s) Anushree Bardhan Versus (Court notice for Delhi Transco Ltd. & Ors. R-1,2 & 5 not –Respondent(s) delivered) (Affidavit of service filed) 12. 07/17 Damodar Valley Corporation Anushree Bardhan -Appellant(s) (Service Versus Rajiv Yadav for R-4 complete) West Bengal State Electricity Distribution Company Ltd. & Ors -Respondent(s) 13. 08/17 Damodar Valley Corporation Anushree Bardhan -Appellant(s) (Service Versus Rajiv Yadav for R-4 complete) West Bengal State Electricity Distribution Company Ltd. &Ors. -Respondent(s) 14. 10/17 Damodar Valley Corporation Anushree Bardhan -Appellant(s) (Service Versus Rajiv Yadav for R-4 complete) West Bengal Electricity Distribution Company Ltd. & Ors. -Respondent(s) 15. 11/17 Damodar Valley Corporation Anushree Bardhan -Appellant(s) (Court notice Versus Rajiv Yadav for R-4 served) West Bengal Electricity Distribution Company Ltd. & Ors. (Affidavit of -Respondent(s) service not filed) 16. 35/17 Damodar Valley Corporation Anushree Bardhan -Appellant(s) (Court notice Versus Rajiv Yadav for R-4 served) West Bengal State Electricity Distribution Company Ltd. & Ors. (Affidavit of -Respondent(s) service not filed) IA for Hearing 17. IA-695/16 Indian Wind Power Association(IWPA) Vishal Gupta, Kumar Mihir In -Appellant(s) Sumeet Sharma 13/17 Versus Madhya Pradesh Electricity n Regulatory Venkatesh for R-1 IA-695/16 Commission & Ors. -Respondent(s) Ganesan Umapathy, Purushaindra (For Kaurav for R-2 Impleadment) Mandakini Ghosh, Parinay Deep Shah, Ritika Singhal, Saransh IA-696/16 Shaw for R-3 (For exemption from filing certified copy of impugned order) (Service complete) 18. IA-32/17 Rajasthan Textile Mills Association Anand K Ganesan In -Appellant(s) Swapna Seshadri 14/17 Versus Rajasthan Electricity Regulatory R. k. Mehta, Himanshi Andley, IA-32/17 Commission & Ors. Abhishek Upadhyay for R-1 (For Stay) -Respondent(s) (Vakalatnama not filed) M. G. Ramachandran, Poorva (Service Saigal, Shubham Arya complete) for R2 to R4 Part Heard 19. 32/15 Talwandi Sabo Power Ltd. -Appellant(s) Sujit Ghosh, Shashank Shekhar Versus Kanupriya Bhargava Punjab State Electricity Regulatory Krishna Rao, Mannat Waraich Commission & Ors. -Respondent(s) Pragya Awasthi Hemant Singh Matrugupta Mishra, Shikha Ohri for R-1 M.G Ramachandran Anand K Ganesan Ranjitha Ramachandran, Anushree Bardhan for R-2 19a. 47/15 Nabha Power Ltd. & Anr. –Appellant(s) Abhishek Kumar Versus Punjab State Power Corporation Ltd. & Shikha Ohri, Nimesh Jha for R-2 Anr. –Respondent(s) 20. 276/15 West Bengal State Electricity Distribution Sanjay Sen, Sr. Adv. & Company Ltd. -Appellant(s) Sakya Singh Chaudhuri IA-444/15 Versus Anand K. Srivastava, Avijeet Lala (For exemption Central Electricity Regulatory Commission Kanika Chugh from filing & Ors. -Respondent(s) Nikhil Nayyar, Dhananjay Baijal certified copy of N. Sai Vinod for R-1 impugned order) M.G. Ramachandran Ranjitha Ramachandran Avinash Menon, Poorva Saigal Anushree Bardhan Arvind Kr. Dubay for R-2 M.Y. Deshmukh for R-8 For Hearing 21. 220/15 M/s Tata Sponge Iron Ltd. -Appellant(s) Ashok Kumar Parija, Sr. Adv. Versus R.M. Patnaik, P.P. Mohanty Odisha Electricity Regulatory Rutwik Panda, Anshu Malik for R-1 (Service Commission & Ors. -Respondent(s) complete) R.K. Mehta for R-2 to R-3 R.B Sharma for R-4 to R-5 22. 250/15 Jaigad Power Transco Ltd. -Appellant(s) Ramanuj Kumar Versus (Service Maharashtra Electricity Regulatory Buddy A. Ranganadhan for R-1 complete) Commission -Respondent(s) 22a. 242/16 Jaigad Power Transco Ltd. -Appellant(s) Rahul Kumar Sr. Adv. & Versus Akshat Razdan, Manpreet Lamba IA-522/16 Maharashtra Electricity Regulatory (For exemption Commission -Respondent(s) Buddy A. Ranganadhan for R-1 from filing certified copy of the impugned order) (Service complete) Sd/ Dy. Registrar APTEL .
Recommended publications
  • Cairn India Limited
    RED HERRING PROSPECTUS Please read Section 60B of the Companies Act, 1956 Dated 27 November, 2006 100% Book Built Issue CAIRN INDIA LIMITED (Incorporated as a public limited company under the Companies Act, 1956 on 21 August, 2006) The registered office of the Company was changed from Lentin Chambers, 3rd Floor, Dalal Street, Fort, Mumbai 400 023 to 401 Dalamal Towers, Nariman Point, Mumbai 400 021, India, its current registered office on 12 October, 2006 Tel: +(91) (22) 2287 2001; Fax: +91 (22) 2287 2002 Principal Business Office: 3rd and 4th Floor, Orchid Plaza, Suncity, Sector 54, Gurgaon, 122 002 Tel: +(91) (124) 414 1360; Fax: +(91) (124) 288 9320; Website: www.cairnindia.com Contact Person: Preeti Chheda; E-mail: [email protected] PUBLIC ISSUE OF 328,799,675 EQUITY SHARES OF RS. 10 EACH (‘‘EQUITY SHARES’’) FOR CASH AT A PRICE OF RS. [ɀ] PER EQUITY SHARE OF CAIRN INDIA LIMITED (THE ‘‘COMPANY’’) AGGREGATING TO RS. [ɀ] (THE ‘‘ISSUE’’). THERE WILL ALSO BE A GREEN SHOE OPTION OF UP TO 49,319,951 EQUITY SHARES FOR CASH AT A PRICE OF RS. [ɀ] PER EQUITY SHARE AGGREGATING TO RS. [ɀ] (THE ‘‘GREEN SHOE OPTION’’). THE ISSUE AND THE GREEN SHOE OPTION, IF EXERCISED IN FULL, WILL AGGREGATE TO 378,119,626 EQUITY SHARES AMOUNTING TO RS. [ɀ]. THE ISSUE WILL CONSTITUTE 18.63% OF THE FULLY DILUTED POST-ISSUE EQUITY SHARE CAPITAL OF THE COMPANY ASSUMING THAT THE GREEN SHOE OPTION IS NOT EXERCISED AND 20.84% ASSUMING THAT THE GREEN SHOE OPTION IS EXERCISED IN FULL.
    [Show full text]
  • Vedanta Limited and Cairn India Revise Terms for Merger
    THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 22 July 2016 VEDANTA LIMITED AND CAIRN INDIA REVISE TERMS FOR MERGER Vedanta Limited, Cairn India Limited (“Cairn India”) and Vedanta Resources plc (“Vedanta plc” together with its subsidiaries, the “Group”), today announce revised and final terms to the recommended merger between Vedanta Limited and Cairn India (the “Transaction”), that was announced on 14 June 2015. Key Highlights o The Boards of Vedanta Limited and Cairn India have today approved revised and final terms for the Transaction, taking into account prevailing market conditions and having regard to underlying commercial factors. o Pursuant to the revised and final terms, each Cairn India minority shareholder will receive for each equity share held: - 1 equity share in Vedanta Limited; and - 4 Redeemable Preference Shares with a face value of INR 10 in Vedanta Limited, with a coupon of 7.5% and tenure of 18 months from issuance. - Implied premium of 20% to one month VWAP of Cairn India share price. o The recent commodity price environment has further strengthened the strategic rationale of the Transaction outlined at the announcement: - Diversified Tier-I portfolio de-risks earnings volatility and drives stable cash flows through the cycle. - Strong historical evidence over the last 10 years, of diversified resources companies generating total shareholder returns superior to single-commodity companies. - Improved ability to allocate capital to the highest return projects across the portfolio.
    [Show full text]
  • G20 Subsidies to Oil, Gas and Coal Production
    G20 subsidies to oil gas and coal production: India Vibhuti Garg and Ken Bossong Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Korea (Republic of) Mexico Russia Saudi Arabia This country study is a background paper for the report Empty promises: G20 subsidies South Africa to oil, gas and coal production by Oil Change International (OCI) and the Overseas Turkey Development Institute (ODI). It builds on research completed for an earlier report The fossil United Kingdom fuel bailout: G20 subsidies to oil, gas and coal exploration, published in 2014. United States For the purposes of this country study, production subsidies for fossil fuels include: national subsidies, investment by state-owned enterprises, and public finance.A brief outline of the methodology can be found in this country summary. The full report provides a more detailed discussion of the methodology used for the country studies and sets out the technical and transparency issues linked to the identification of G20 subsidies to oil, gas and coal production. The authors welcome feedback on both this country study and the full report to improve the accuracy and transparency of information on G20 government support to fossil fuel production. A Data Sheet with data sources and further information for India’s production subsidies is available at: http://www.odi.org/publications/10073-g20-subsidies-oil-gas-coal-production-india priceofoil.org Country Study odi.org November 2015 Background remained substantial at $11 billion in 2014–15 (MoPNG, India has substantial fossil fuel reserves, including 61 2015b). Similar consumer subsidies of approximately billion tonnes of coal, 5.7 billion barrels of oil and 1.4 $12 billion in 2012–13 existed in the electricity sector.
    [Show full text]
  • Running an Oil Company in India by Sastry Karra
    RUNNING AN OIL COMPANY IN INDIA BY SASTRY KARRA FROM 1999 – 2009 INTRO 1 INDIA BACKGROUND • POPULATION 1.3 BN • AREA - 3.3 MM SQ KM, A THIRD OF CANADA • 5,000 YEARS (OR MORE) OF HISTORY • YOUNG POPULATION - AVERAGE 24 YEARS OLD • SIZEABLE ILLITERACY AND POVERTY STILL REMAINS • PROBLEMS ARE MYRIAD • MANY CHALLENGES 2 INDIA AND CHINA ACCOUNTED FOR 75% OF WORLD GDP IN THE 15TH CENTURY UNLIKELY THEY WILL REACH BUT ROBUST GROWTH WILL AND INDIA, FOURTH TODAY THIS FIGURE AGAIN PUSH CHINA AS THE NO 1 WILL REACH 3RD POSITION ECONOMY SOON TECHNOLGY BILLION CELL PHONESPACE MOST NUMBER OF CELL PHONES ACHIEVEMENTS IN SPACE MANY FIRSTS JUST LAUNCHED A VESSEL TO MARS 3 FROM OUT-SOURCING AND BACKOFFICE TO INTERNET AND CORPORATE POWER • FINANCIAL ANALYSIS FOR MOST USA, CANADIAN AND EUROPEAN BANKS • A YOUTH FROM HYDERABAD NOW CEO OF MICROSOFT • ANOTHER YOUNG MAN FROM CHENNAI CEO OF GOOGLE • SEVERAL CEOS OF WESTERN BANKS • CEO OF PEPSI • MAJORITY ON THE DIAMOND COUNCIL IN ANTWERP 4 OIL AND GAS SITUATION • ONLY 4% OF WORLD’S SEDIMENTARY BASINS IN INDIA SERVING 18% OF POPULATION • STILL MANY AREAS REMAIN TO BE EXPLORED • YEAR 2002 WAS A GREAT YEAR WITH RELIANCE MAKING BIOGENIC GAS DISCOVERIES IN THE KRISHNA GODAVARI (KG) BASIN DEEP WATER • CAIRN MADE MEGA DISCOVERIES IN RAJASTHAN • CURRENT IMPORTS 4 MMSTB OF OIL PER DAY AND 15 MMT/YR OF LNG • DEMAND SOARING AND DOMESTIC PRODUCTION ON DECLINE 5 FOREIGN OIL COMPANIES IN INDIA • FEW EXPLORATION WELLS DRILLED PRIOR TO THE EIGHTIES WITH NO SUCCESS • EARLY NINETIES SAW THE ENTRY OF CAIRN ENERGY, HARDY OIL, NIKO
    [Show full text]
  • Cairn Energy Plc Annual Report & Accounts 2009
    CAIRN ENERGY PLC ANNUAL REPORT & ACCOUNTS 2009 WE ARE CAIRN ENERGY, ONE OF EUROPE’S LARGEST INDEPENDENT OIL AND GAS EXPLORATION AND PRODUCTION COMPANIES. WE ARE LISTED ON THE LONDON STOCK EXCHANGE AND BASED IN EDINBURGH. OUR BUSINESS IS DIVIDED INTO TWO KEY UNITS: ONE FOCUSED ON DEVELOPING THE RAJASTHAN RESOURCE BASE; THE OTHER EXPLORING FRONTIER BASINS IN GREENLAND. OVERVIEW 1 Highlights of the Year 4 Who We Are and What We’ve Achieved in 2009 8 Values, Vision and Approach 12 The Rajasthan Development BUSINESS REVIEW 14 Chairman’s Statement 16 Chief Executive’s Review 20 Operational Review 28 Financial Review 32 Principal Risks and Uncertainties 34 Corporate Responsibility 42 Board of Directors 44 Directors’ Report GOVERNANCE 52 Corporate Governance Statement 62 Directors’ Remuneration Report 78 Principal Licence Interests 80 Independent Auditor’s Report to the Members of Cairn Energy PLC FINANCIAL ACCOUNTS 81 Group Income Statement 82 Statements of Comprehensive Income 83 Balance Sheets 84 Statements of Cash Flows 85 Statements of Changes in Equity 86 Notes to the Accounts 141 Reserves 142 Glossary of Terms 144 Notice of Annual General Meeting 148 Company Information An HTML version of this report is available “ THE GROUP OFFERS AN ATTRACTIVE to view at www.cairnenergy.com/AR2009 – please take the time to have a look. In addition, while you will find a summary BALANCE BETWEEN THE STRONG of our CR performance in this report, the full CR report is only available online this year, CASH FLOWS THAT WILL BE at www.cairnenergy.com/CRR2009 www.cairnenergy.com/AR2009
    [Show full text]
  • Fundamentals and Estimations of Vedanta Buyout of Cairn India
    Munich Personal RePEc Archive International Diversification through Acquisition: Fundamentals and Estimations of Vedanta buyout of Cairn India Reddy, Kotapati Srinivasa 2010 Online at https://mpra.ub.uni-muenchen.de/74304/ MPRA Paper No. 74304, posted 06 Oct 2016 17:43 UTC Page 1 of 43 International Diversification through Acquisition: Fundamentals and Estimations of Vedanta buyout of Cairn India Kotapati Srinivasa Reddy First draft July – October 2010 Under the kind guidance of V.K. Nangia Professor& Head, Department of Management Studies Rajat Agrawal Assistant Professor, Department of Management Studies Indian Institute of Technology (IIT) Roorkee, Roorkee - 247667 Uttarakhand. (India). Page 2 of 43 International Diversification through Acquisition: Fundamentals and Estimations of Vedanta buyout of Cairn India Abstract Corporate valuations, financial strength in cash flows and opening up of debt facility favour more overseas acquisitions. Historically, corporate restructuring is a strategic, mechanized and chemical formula for achieving external growth to become a globalized diverse company. The phenomenon of ‘diversification’ is not new, where it was born in the timeline of the Kings. Markets are becoming highly connective, accessible, communicative and are reaching maturity at a very high phase. Acquisition is a choice to enhance the emerging and diversified markets. This case- based research study presents a case discussion, case analysis and opinion based inference on Vedanta – Cairn India cross-border acquisition deal in Indian oil and exploration industry. We also suggest a new forecasting model to estimate future free cash flows and firm valuation in the upcoming research field of corporate finance. The study exclusively shows reaction of stocks against acquisition announcement and compares with market performance.
    [Show full text]
  • Cairn's Merger with Vedanta
    MUMBAI SILICON VALLEY BANGALORE SINGAPORE MUMBAI BKC NEW DELHI MUNICH NEW YORK Cairn’s Merger With Vedanta ‘Fair’ or ‘Socializing The Debt of Vendanta’? January 2016 © Copyright 2016 Nishith Desai Associates www.nishithdesai.com Cairn’s Merger With Vedanta ‘Fair’ or ‘Socializing The Debt of Vendanta’? About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi & Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Our practice areas include International Tax, International Tax Litigation, Litigation & Dispute Resolution, Fund Formation, Fund Investments, Corporate & Securities Law, Mergers & Acquisitions, Competition Law, JVs & Restructuring, Capital Markets, Employment and HR, Intellectual Property, International Commercial Law and Private Client. Our specialized industry niches include funds, financial services, IT and telecom, pharma and healthcare, media and entertainment, real estate and infrastructure & education. Nishith Desai Associates has been ranked as the Most Innovative Indian Law Firm (2014 & 2015) at the Innovative Lawyers Asia-Pacific Awards by the Financial Times - RSG Consulting. Nishith Desai Associates has been awarded for “Best Dispute Management lawyer”, “Best Use of Innovation and Technology in a law firm”, “Best Dispute Management Firm”, and “M&A Deal of the year” by IDEX Legal 2015 in association with three legal charities; IDIA, iProbono and Thomson Reuters Foundation. Nishith Desai Associates has been recognized as a Recommended Tax Firm in India by World Tax 2015 (International Tax Review’s directory).
    [Show full text]
  • Sustainability Scale Expertise Diversification
    Diversification Scale Expertise Sustainability Vedanta Resources plc Annual Report and Accounts 2012 Vedanta Resources plc is a global FTSE 100 natural resources company with an industry leading growth profile. Diversification Our portfolio of Tier-1 assets is diversified across zinc, lead, silver, copper, iron ore, aluminium, power and oil & gas, with an operational footprint covering four continents. Scale We are one of the largest and fastest growing natural resources companies in the world. Our portfolio of large, low-cost, long-life and scalable world-class assets are supported by a strong pipeline of organic growth projects. Expertise Our people have the knowledge, skills and experience to explore, develop and e!ciently operate our assets and have demonstrated a strong track record of successfully doing so. Sustainability Sustainable development is fundamental to our operations and future growth; it is a core component of our strategy and underpins our licence to operate. Where to Find More Information Online Annual Report Online Sustainability Report www.vedantaresources.com www.vedantaresources.com/sustainability Vedanta Resources plc Annual Report and Accounts 2012 01 OVERVIEW STRATEGY PERFORMANCE GOVERNANCE FINANCIALS Contents Industry p03 Proposed p21 Overview leading Group Structure Highlights 2012 02 growth Vedanta at a Glance 04 Chairman’s Statement 06 Strategy Market Overview 10 Business Model 12 2008 2009 2010 2011 2012 Power Oil & Gas Strategic Framework 14 Strategy in Action 16 Cairn India Acquisition p18 KPIs p24 Key Performance
    [Show full text]
  • EC Compliance Report: Oil Production from Ravva Off-Shore Field In
    EC Compliance report: Oil Production from Ravva Off-Shore Field in Godavari Basin and On-Shore Field Terminal at S’Yanam ___________________________________________________________________________________ COMPLIANCE STATUS OF CONDITIONS OF MOEF&CC DURING ENVIRONMENTAL CLEARANCE OF THE PROJECT Name of the Project: Oil Production from Ravva Off-Shore Field in Godavari Basin and On-Shore Field Terminal at S’Yanam Clearance Letter No: J - 11011/11/90-IA-II dated 30th July 1990 (preliminary clearance) Period of Compliance Report: Progressive EC Compliance Reporting period is October- 2019 to March - 2020 Average production details: Average production details for the reporting period is detailed below Parameter Units Approved Capacity Present Avg. Production Crude Oil production BOPD 50,000 11,538 BOPD Associated gas production MMSCMD 2.32 0.881 MMSCMD* Note: * including Dry Natural Gas for the period Oct’19 to Mar’20. All the conditions mentioned in this EC are being complied. Within the Ravva field, there exists 8 oil and gas platforms. 6 platforms (RA, RB, RC, RD, RE and RF) are meant for crude oil production and remaining 2 (RG and RH) are meant for gas production. The point wise compliance is detailed below: S. No. CONDITIONS COMPLIANCE STATUS i) The Project Authority must submit the Complied. comprehensive EIA report for the development of oil/gas fields for this project within a period of 9 months before commencement of the production. (ii) The Project Authority must strictly adhere to Stipulations made by the Central Government and Merchant the stipulations made by the Central Shipping Act are adhered to. Merchant Shipping Act are being Government as part of any international adhered to as per the following: conventions or Merchant Shipping Act.
    [Show full text]
  • Cairn India Ltd
    CFA Institute Research Challenge Hosted by Indian Association of Investment Professionals, India Indian Institute of Foreign Trade, Delhi Team - Andrei Marga Andrei Marga Oil and Gas Andrei Marga Cairn India Ltd. 12th October 2012 Strong Fundamentals and Attractive Valuations Industry: Oil and Gas Ticker: NSE/CAIRN Recommendation: BUY Sector: Exploration & Production (Upstream) Current Price: Rs. 330.05 Strong12 Month fundamentals Target Price: and lucrative Rs. 378.46 valuations As on 11 th Oct 2012 (14.54% upside) Market Profile 52 Week Price Range (Rs.) 277.05 - 401.1 Highlights Average Daily Volume 2167449 Strong visibility for future produc tion growth: The de-bottlenecking of pipeline expected to Beta 0.83 be completed by Q1FY14 would increase production to 190kbpod. In addition, Aishwarya field Shares Outstanding 1,909 M is expected to produce 10kbpod from FY14 with production from Bhagyam field also likely to Market Capitalization (Rs.) 630,066.1M reach 40kbpod by FY15. Institutional Holdings 25.13% Deployment of cash presents upside: The Company plans to utilize its cash reserves by Book Value per share (Rs.) incurring a net C apex of $2bn over the next two years to expand exploration and production of 252.97 oil and gas both in the country as well as abroad. This Capex will s upport the potential estimated Debt to Total Capital 2.30% oil production of 300kbpod as per revised management estimates. Return to Equity 16.40% Strong financial performance: The Company has maintained a healthy EBITDA margin with an average of 74% over the past three years which is better than global ave rage of 52% and other domestic peers.
    [Show full text]
  • EIL Annual Report
    A Navratna Company Rising Beyond Expectations Shining Beyond Boundaries VISION To be a world-class globally competitive EPC and Total Solutions Consultancy Organization. MISSION • Achieve 'Customer Delight' through innovative, cost effective and value added consulting and EPC services. • To maximize creation of wealth, value and CORE VALUES satisfaction for stakeholders with high • Benchmark to learn from superior role standards of business ethics and aligned with models. national policies. • Nurture the essence of Customer Relationship and Bonding. • Foster Innovation with emphasis on value addition. • Integrity and Trust as fundamental to functioning. • Thrive upon constant Knowledge updation as a Learning organization. • Passion in pursuit of excellence. • Quality as a way of life. • Collaboration in synergy through cross- functional Team efforts. • Sense of ownership in what we do. RISK MANAGEMENT POLICY EIL is committed to effective management of risks across the organization by aligning its risk management strategy to its business objectives through instituting a risk management structure for timely identification, assessment, mitigating, monitoring and reporting of risks. Risk management at EIL is the responsibility of every employee both individually as well as collectively. As Engineers India celebrates the Golden Jubilee Year, nostalgia takes us back to the momentous journey of spectacular growth. We are proud to have covered this distance and in the process emerge as the leading 'Total Solutions' engineering consultancy and EPC company in this part of the world. The initial years were a challenge, as the confidence reposed in a new Indian entity was very low and on the other hand the Company had to compete with competitors from across the globe who were many times bigger and possessed diversified technology portfolio.
    [Show full text]
  • Cairn Energy and Government of India - Retrospective Tax Arbitration Proceedings
    Cairn Energy and Government of India - Retrospective tax arbitration proceedings About Cairn Energy PLC Cairn is one of Europe’s leading independent oil and gas exploration and development companies. In more than three decades since it was founded, Cairn has successfully explored for, discovered, developed and produced oil and gas in a variety of locations throughout the world, both as an operator and partner. Cairn’s exploration activities currently have a geographical focus in North West Europe, West Africa and Latin America, underpinned by interests in production and development assets in the UK North Sea. Historically its focus had been on South Asia. Wherever it operates, Cairn’s aim is to discover, develop and deliver value in its assets and people for the benefit of all stakeholders. Cairn has been listed on the London Stock Exchange for more than 30 years and has an international blue-chip shareholder base that includes Aberdeen Standard, Aviva, Legal and General, Schroders, BlackRock, MFS Investment Management, Columbia Threadneedle and Fidelity International. Around 60% of investors are based in the UK, with 30% in the US and the remainder in Europe and the Rest of the World. International blue-chip shareholders include: Cairn Energy in India Cairn Energy began investing in India in the 1990s when it became one of the first international companies to participate in the country’s oil and gas industry. Cairn’s investment in India saw the company transform the Ravva oil and gas field along India’s eastern coast, which was producing just c.3,000 barrels of oil per day (bopd) when Cairn took over operatorship in the mid 1990s.
    [Show full text]