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.
‘ The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Noida – Greater Noida Metro Rail Project covering a length of 29.707 k.m. Total completion cost of the project is Rs.5,503 crore.
Reliance Infrastructure (RInfra) on Wednesday said that RInfra InvIT has received the final approval from the Securities and Exchange Board of India (Sebi) to float its Rs 2,500 crore plus Initial Public Offering (IPO).
Highlighting Indian investors’ growing presence in Africa, union finance minister Arun Jaitley said in terms of greenfield projects, India was now the fourth largest investor in Africa with 45 projects.
Obscured somewhat by developments in the solar space, wind energy in India has experienced steady development in the last 7-8 years as the government plans a major ‘green corridor’ project to transport surplus renewable energy to deficient states, a top official has said.
Suzlon Energy hit a 52-week high of Rs 22.25, up 8% on BSE in intra-day trade, after the company reported profit for the third quarter in a row.
The second unit of the Kudankulam Nuclear Power Project (KNPP) was reconnected to the southern power grid on Saturday morning, said officials.
JSW Energy today said it has accepted Sanjay Sagar’s request for early relinquishment of office as the joint managing director and chief executive officer of the company. Sagar will be relieved from his duties with effect from 15 June.
The ministry of power would be working out strategy and plan to electrify the villages coming under the pockets considered to be the hotbed of Left Wing Extremism (LWE).