The only electric-car maker in India says the business case for the clean technology is starting to make sense — and it won’t require government subsidies to take off in a big way.
Wind turbine makers are staring at a slowdown even as the government looks to boost renewable energy.
China on Wednesday evinced interest in reviving its proposal to build high speed railway projects in India, which has chosen Japan as a partner for the country’s first such venture.
Bharat Petroleum Corporation Ltd. (BPCL) is looking to invest about Rs 45,000 crore in its petrochemical business over the next five years.
Billionaire Mukesh Ambani’s Reliance Industries Ltd. and its partner BP Plc are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal.
Falling renewable energy tariffs in India have prompted some state governments to tell generators that they can’t buy the energy at prices agreed upon, exposing the businesses to risks due to poor enforcement of contracts in Asia’s third-largest economy.
The government’s 5 percent stake sale offer in NTPC Ltd. was lapped up by institutional investors who over-subscribed the portion reserved for them by putting in bids worth nearly Rs 7,800 crore.
Seven oil and gas firms are expected to report a 17 percent decline in revenue in the quarter-ended June over the previous three months. Net profit is expected to remain flat, while earnings before interest, depreciation and amortisation may rise 27 percent, according to Bloomberg consensus estimates.
UltraTech Cement plans to set up a standalone cement plant in Dhar, Madhya Pradesh to increase its capacity even as it completed the acquisition of cement assets from Jaypee Group.
India Ratings and Research’s price assumption for the benchmark thermal coal (Newcastle 5,500 calories) for financial year 2018-2020 is a band of $50-60 per tonne.