Transport infrastructure consultant RITES Ltd. will buy one-third stake worth Rs 250 crore in state-run peer tasked with development of railway stations — Indian Railway Stations Development Corporation Ltd.
The government, banks and other power sector lenders are currently working on a resolution plan for stressed assets in the power sector.
State-run Power Finance Corporation Ltd. said 11 percent of its total loan book is stressed, contributed entirely by private sector borrowers.
Norway’s $1 trillion wealth fund could face stricter limits on coal investments down the road, but a previously united push by the opposition to make it happen is showing cracks.
OPEC and its allies are likely to gradually boost oil output in the second half of the year to ease consumer anxiety as prices trade near $80 a barrel, said Saudi Energy Minister Khalid Al-Falih.
The rise in oil prices to $80 a barrel is starting to cause concern across boardrooms, with some big industrial consumers, including airlines and shipping companies, starting to buy more insurance against rising energy prices.
Fueled by a rapid rollout of coal-fired power generation, India is expected to have Asia’s second-largest power capacity at 363.32 gigawatts in 2018, overtaking Japan, according to data compiled by BMI Research.
India’s largest state-run gas processing and distribution company, GAIL India Ltd., plans to list its subsidiary GAIL Gas Ltd. on the bourses.
The National Company Law Appellate Tribunal today asked the committee of creditors of debt-ridden Bhushan Power and Steel Ltd. to proceed with the bids submitted by Tata Steel Ltd. and U.K.-based Liberty House.
India’s biggest aluminum producer may be forced to reduce output if restrictions on coal supplies to the non-power sector drag on for another week, according to Vedanta Ltd.’s chief executive officer for metals business in the country.