Net profit of India Power Corporation declined 82.62% to Rs 0.57 crore in the quarter ended December 2017 as against Rs 3.28 crore during the previous quarter ended December 2016.
The government may have recently backtracked on formulating a policy of electric vehicles (EVS), but that hasn't deterred action on the ground - slowly but surely taking the country towards 100 per cent electric mobility.
The Arunachal Pradesh government has ushered in significant changes and the state is well poised to become more vibrant in the years to come, a top government official said today.
Nearly 44 years after India nationalised its coal sector, the industry has been thrown open for participation by private players, in a move that would bring in competition for state-owned Coal India (CIL), which has till now enjoyed a monopoly over the business.
Mining mogul Anil Agarwal today welcomed the Centre's decision to open up coal mining to the private sector for commercial use and said the move will usher in much needed competition and increase domestic and foreign direct investment in the sector.
The Canadian Prime Minister Justin Trudeau is on a week-long visit to India. While trade, education, infrastructure, and skill development top the visit’s agenda, climate change action is another dimension highly important for the long-term economic growth and the international reputation of both Canada and India.
After conveying its intent last week to be allowed to participate as a late bidder for Bhushan Power and Steel, UK-based Liberty House has submitted a bid on Tuesday to the resolution professional, said people aware of the matter.
The recent massive rise in global crude oil prices has now started inflating the oil import bill for India that meets 80 per cent of its crude requirement through inbound shipments. January’s oil import cost ballooned by a whopping 46 per cent to land at $9.6 billion as against $6.6 billion in the same month last year -- the highest monthly increase in the past year.
The Oil and Natural Gas Corp (ONGC) is set to hire international oil service giants for the first time to boost output from domestic oil fields in response to a government push to increase local supplies and cut expensive imports.
India will have the right over 65 per cent of 6 million barrels of crude oil that Abu Dhabi National Oil Company (ADNOC) will store at the country's maiden strategic storage at Mangalore. ADNOC will send three large ships carrying crude oil beginning April to fill half of the 1.5 million tonnes strategic oil reserves that India has built at Mangalore, a senior government official said. Out of the crude stored, 35 per cent can …
Essar Oilfields Services India Ltd announced on Wednesday that it has won a contract worth Rs 28 crore from state-run gas utility GAILBSE 0.04 % India to drill three firm and two optional wells in the Cambay Basin in Gujarat.
Directorate General of Hydrocarbons (DGH) may be rethinking its plan to sell 60% stake in hydrocarbon blocks held by Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd (OIL), two people familiar with the development said.
Railways has claimed to have achieved highest ever track renewal in a month citing it as the chief reason for a dip in train derailments after the sudden spurt in accidents last year which led to a change of minister at the helm.
To set in motion a revamped station redevelopment programme, the ministry of railways is seeking approval to nominate public-sector undertakings (PSUs) in case the proposed nodal agency.
The NDA government has made four times the investment in railway projects in Maharashtra as compared to investments made during the UPA-II regime, said Union Railway Minister Piyush Goyal.
To boost railway connectivity and ease congestion in eastern and central India, the CCEA on Tuesday approved doubling, new-line and electrification projects worth Rs 11,662 crore, which are expected to create 211.74 lakh mandays of work.
Union minister Manoj Sinha on Thursday said the railway ministry will submit a proposal to the Union Cabinet to re-construct the Ayodhya railway station as a replica of the Ram temple.
