Energy major Indian Oil Corporation, is planning to invest as much as Rs 16,641 crore in Tamil Nadu. The PSU company signed a memorandum of understanding to this effect on Wednesday, with the state government at the Global Investors Meet in Chennai.
First, it was the IL&FS Group that ran out of money. Now that the bankrupt Indian infrastructure lender-operator has been sequestered from creditors, the country’s securitization industry is on borrowed time.
India needs $60-80 billion investments over the next five years to strengthen its grid transmission infrastructure. The scale of investments envisaged is needed to address the continued structural growth in power demand and overcome
Just months before the crucial 2019 Lok Sabha elections, the Uttar Pradesh power consumers have received a poll bonanza of sorts with the power watchdog announcing to keep the power tariffs unchanged for 2018-
The 173-year-old Indian Railways is set to eliminate its last unmanned level crossings (UMLCs) on broad gauge (BG) network at Bulandshahr in Uttar Pradesh. The Indian Railways had 8,948 UMLCs on its broad gauge network in April 2014.
India and Mauritius reviewed the entire gamut of their bilateral ties and discussed ways to further expand cooperation in areas like Blue Economy during a meeting between Prime Minister Narendra Modi
Central government has decided to cancel the lone bid that came for setting up a solar panel manufacturing unit along with a solar power plant. The tender for setting up the solar panel plant for an aggregate capacity of 5 Gw
A Virtual Coach Room set up at the railway pavilion in the Vibrant Gujarat Summit to showcase the country’s first engine-less trainset, called Train 18, was praised by visitors, a senior Western Railway official said Tuesday.
Iran’s gas output has risen 35 percent compared with 2012, the oil minister said on Monday. “In the first ten months of the (Iranian) year (starting from March), Iran produced on average 840 million cubic metres
The Ahmed Buhari-promoted Coal and Oil group which once owned the 1,200-Mw Coastal Energen thermal power venture in Chennai has bid for the project. Sources said the offer made by the company is around Rs 2,500-3,000 crore, and entails a bank haircut of around 50 per cent.