Suzlon Energy Ltd. said it will streamline the legal entities it controls, consolidating its operations outside India under two companies as part of continuing efforts to cut costs and cope with increasing competition in wind turbine manufacturing.
The success of India’s proposed public sector oil giant and its credit quality will depend on the combination of the companies involved.
More Asian LNG buyers are trying to avoid taking the U.S. supplies they signed up for just a few years ago in order to cut shipping costs.
Despite the recently concluded wind power auction shifting the focus back to the sector, industry experts have been divided on the financial viability of the feed-in tariff for power generating companies.
Oil rose from a three-week low amid reports that the Benghazi Defense Brigades forces captured Libya’s biggest oil port.
India’s thermal power generation plants are working at sub-optimal capacity, and it has nothing to do with inadequate coal supply.
India is exploring new locations, in addition to those already identified, to build nuclear power plants and meet its generation goal, a government official with direct knowledge of the matter said.
Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60 a barrel.
PT Bumi Resources will post its first annual profit in five years as a rally in fuel prices help Asia’s biggest exporter of thermal coal push through a debt restructuring.
Larsen & Toubro Ltd. Executive Chairman AM Naik is confident that the engineering and construction giant will meet its 10 percent growth forecast this fiscal and maintain the level in the financial year 2017-18.