Adani Enterprises will get no exemption or discounted rates on royalties it has to pay to develop its Carmichael coal mine project in Australia, Queensland state Premier Annastacia Palaszczuk said on Saturday.
Non-recognition of compensatory tariff (CT) for its Mundra plant following the Supreme Court judgement has seen Adani Power Ltd (APL) post a standalone net loss of Rs 4,689.83 crore for the fourth quarter ended March 31, 2017. As against this, the company had registered a standalone net profit of Rs 1,012.19 crore in Q4 of previous fiscal 2015-16.
On May 22, 2017, the Bharatiya Janata Party (BJP) tweeted it had ratcheted the pace of rural road construction under the Pradhan Mantri Gram Sadak Yojana (PMGSY) to 133 km a day over the three years to 2016-17, up from 69.35 km a day in 2013-14.
State-run Hindustan Petroleum Corporation (HPCL) has reported a 31 per cent rise in net profit at Rs 1,818.79 crore in the fourth quarter (Q) of the financial year (FY) 2016-17, as against Rs 1,387.91 crore during the same period in FY16.
The Dhola-Sadiya Bridge, the country’s longest river bridge, inaugurated by Prime Minister Narendra Modi in Assam on Friday, will provide a big boost to the Indian Army as it protects the nation’s Northeast region against China.
The effective price of coal for consumers is likely to decrease by Rs 100-150, as the country heads moves to a uniform tax regime under the Goods and Services Tax (GST).
India is “thinking big and moving big” to catch up fast in development as it lags behind its giant neighbour China, offering tremendous opportunities to a country like the US, American lawmakers have been told.
NTPC, the country’s largest thermal power producer, is poised to facilitate India’s drive toward ambitious national renewable energy targets and is leading the global energy transition, a report said.
The bosses of four subsidiaries of Coal India are in the race to bag the top job in the mother company, as Sutirtha Bhattacharya, chairman-cum-managing director (CMD) of Coal India, heads towards retirement in August this year.
Buoyed by resilient LME (London Metal Exchange) prices and the declining cost of alumina, Anil Agarwal-led mining giant Vedanta aims to ramp up its aluminium output to 1.6 million tonnes in the current financial year.