Almost a week after the big-bang announcement by Reliance Industries (RIL) and BP Plc to invest Rs 40,000 crore in the Krishna Godavari Basin field
A day after sending the Essar group’s steel company to the National Company Law Tribunal (NCLT) for action under the insolvency code
The Centre has benchmarked a tariff ceiling of Rs3.43 per unit for upcoming auctions for the solar power park in Bhadla, Rajasthan, in acknowledgement of the steep fall in tariffs in recent tenders.
Tata Power has approached Gujarat Urja Vikas Nigam (GUVNL) to buy 51 per cent equity in the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) for Rs 1.
When OPEC leader Saudi Arabia pledged in May to do “whatever it takes” to defend world oil prices, it didn’t expect the market to be testing its resolve just one month later.
Cairn Energy’s 9.8 per cent stake in Cairn India, attached by the tax department for non-payment of dues, may be put on the block as part of recovery proceedings initiated late last week.
Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by OPEC and non-OPEC producers with a deal to cut global output.
Tata Power Company gained 3.97% to Rs 81.10 at 14:40 IST on BSE after reports suggesting that the company is expected to dilute its stake in Indian Energy Exchange through initial public offering.
Exporters today sought incentives such as credit at affordable rates from the government with a view to boost India’s shipments, a top official said.
India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat.