NIIT and Tally enter strategic global alliance

NIIT Ltd, IT trainer, and Tally Solutions (P) Ltd, a business management software product company, have entered a global alliance to develop comprehensive business software professionals with expertise in Tally.ERP 9 product.

Besides India, this global alliance will cover international geographies such as the Middle East, Africa, China and Asia-Pacific in a progressive manner, thus making available talent to power the growth of small & medium business (SMB) enterprises, in these geographies.

The programs offered by NIIT and Tally will cater to the requirement of trained business software professionals for the SMB sector. The programs include training on the latest Tally.ERP 9 software, business processes and soft skills.
On Thursday, NIIT shares ended 1.12% up to Rs67 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.26% higher at 18,226 points.

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Natural gas availability to increase 52%: Oil minister

New Delhi: Availability of natural gas, including imported liquefied natural gas (LNG), is likely to increase in the country by over 52% to 271.92 million standard cubic metres per day (mmscmd) by 2013-14, reports PTI quoting oil minister Murli Deora.

"At present, total availability of natural gas in India, including LNG, is around 167.80 mmscmd, which is projected to be around 202.97 mmscmd, 256.6 mmscmd and 271.92 mmscmd during 2011-12, 2012-13 and 2013-14 respectively," MR Deora told Lok Sabha today.

Most of the increase would come when Reliance Industries (RIL) hikes output from its eastern offshore KG-D6 fields to over 80 mmscmd and the commissioning of LNG import terminal at Kochi in Kerala.

The Kochi terminal would import 2.5 million tons of LNG a year and shipments to the currently operational Dahej and Hazira facilities in Gujarat are also going to rise.

Mr Deora said power sector's current requirement of gas is around 77.44 mmscmd and it would need another 15.59 mmscmd in 2011-12 and 60 mmscmd each in 2012-13 and 2014.

Similarly, gas demand in fertiliser units is 39.61 mmscmd, which will rise by 3.43 mmscmd in 2011-12, 13.44 mmscmd in 2012-13 and 46.78 mmscmd in 2013-14.

Mr Deora said that according to the power ministry, "The total requirement of proposed power plants, whose expected date of commissioning has yet to be certified by Central Electricity Authority (CEA), is around 600 mmscmd. However, only 60 mmscmd has been included in each of the years 2012-13 and 2013-14."

He said most of the domestically produced gas is priced at $4.2 per million British thermal unit (mmBtu). "LNG imported under long-term agreement is sold at $6.53 per mmBtu while the price of spot cargo presently varies in the range of $5.40-9.4 per mmBtu."

An Empowered Group of Ministers (EGoM), Mr Deora said, has given fertiliser plants the highest priority in the usage of KG-D6 gas, followed by LPG extraction plants, while gas-based power plants are placed third on the list.

These are followed by city gas distribution (CD) entities for supply to domestic and transport sectors, steel plants, petrochemical units, refineries and captive power plants.

Mr Deora said KG-D6 production is presently around 60 MIMD.

Against this the government has made firm allocation of 63.715 mmscmd.

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