The troubles at Suzlon Energy, the largest player among domestic turbine makers, are symptomatic of the industry. Leading turbine manufacturers with more than 80 per cent market share are staring at weak order pipelines, losses, and regulatory niggles.
Uttar Pradesh energy regulator has issued notice to state power utility over the installation of smart meters that are based on old 2G and 3G technologies. The total project cost of installing 4 million smart meters in consumers’ premises across UP has been estimated at Rs 1,927 crore. 200,000 installations have already been done.
Once having a monopoly on the supply of equipment and services to thermal power units in India, Bharat Heavy Electricals (BHEL) is now struggling to find a market for itself. Tough times are likely to continue for BHEL, one of the country’s largest engineering and manufacturing companies,
State-owned Air India’s flights services are likely to be hit partially as public sector oil marketing firm Indian Oil Corporation has threatened to cut fuel supply at some of the airports from Tuesday evening on non-payment of bills, according to a source.
Electric vehicles are slowly, but evidently, becoming the flavour of the season. The Narendra Modi government has set an ambitious target of converting 15 per cent of the total vehicles in the country to electric by 2024.
Union Minister of Railways Piyush Goyal met Indian Diaspora in London. He spoke about emerging success of Indian Railways there. Goyal said, “Nirmala ji spoke about plans to invest nearly US$ 700 Bn in Railways in next 10-12 yrs.
Vedanta’s copper division business reported a loss in earnings before interest, taxes, depreciation, and amortisation (Ebitda) of Rs 235 crore and a revenue drop by 57 per cent to Rs 10,739 crore during 2018-19
The emphasis of the Centre and policy think tank NITI Aayog on the adoption of electric vehicles to cut emissions and slash oil import bill is likely to stoke ethanol doping in fuel as well.
Surging US oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said on Friday.
The slow pace on the part of state-run oil-marketing firms (OMCs) in giving cooking gas distributorships, as well as new distributors not being allowed to serve customers more than 15 km away, is affecting the Pradhan Mantri Ujjwala Yojana (PMUY).