Bhushan Power & Steel, one of the 12 cases mandated by the Reserve Bank of India to be resolved under the Insolvency and Bankrutcy Code (IBC) has got a leg-up with the letter of intent (LOI) of being issued in JSW Steel’s favour.
India’s largest private fuel retail company Nayara Energy Ltd (NEL) is in talks with city gas distributions majors like Adani Gas, Indraprastha Gas and Mahanagar Gas to offer sales of compressed natural gas at their outlets.
The second round of coal auction under the Centre’s SHAKTI scheme for stressed assets would keep out former winners and bidders. Private power players have raised concern with the Cabinet Secretary that the bidding guidelines under SHAKTI-II
Growatt, a Shenzhen, China-based manufacturer of PV inverters, announced that it donated one unit of its inverter, Growatt 20KTL3-S, to the Indore Cancer Foundation Charitable Trust (ICF), a not-for-profit charitable organization in central India, for its rooftop solar power plant project.
Abu Dhabi National Oil Company (ADNOC) has agreed to hire half of the 2.5 million tonnes underground strategic crude oil storage that India has built at Padur in Karnataka, making it second such deal by the UAE firm in the state.
Abu Dhabi National Oil Company (ADNOC) will look for more opportunities in India’s downstream segment as it plans to expand its contribution to the country’s strategic oil reserves, the company’s chief executive officer said on Monday.
The Supreme Court (SC) on Monday dismissed a plea by 28 operational creditors of Essar Steel seeking to be heard by the National Company Law Tribunal (NCLT) before any decision was taken on ArcelorMittal’s bid for the company.
Indian ports are expected to record six to eight per cent growth in cargo volumes in FY19, backed by drivers like coal, crude oil and containers. Ports across the country handled 1209 million tonnes of cargo in 2017-18, achieving seven per cent over the previous year.
Venezuela is open to barter-like payments from India to boost oil sales to the world’s third-biggest oil consumer, the South American country’s oil minister Manuel Quevedo said on Monday.
With schemes like Saubhagya and Ujjwala, the country is now entering a phase of greater energy availability, said Prime Minister Narendra Modi at the Petrotech 2019 Summit.