Asia pushed past the rest of the world last year to become the biggest buyer of America’s crude oil — and it’s poised to do it again in 2018.
With an installed wind power capacity of 32.7 GW, India is the fourth-largest generator of wind power in the world.
But that window may have already slammed shut, as diesel prices have retreated in tandem with this week’s broad selloff among energy benchmarks. Since hitting a high of $2.1431/gallon on Jan. 26, diesel has dropped as much as 11 percent, and other tankers slated for New York have already been diverted elsewhere.
JSW Steel, one of India’s leading integrated steel manufacturers with a capacity of 18 million tonnes per annum (mtpa), has offered Rs 300 billion to take over debt-laden Bhushan Steel, Rs 50 billion more than rival bidder Tata Steel’s offer, according to a source close to the development.
Renewable energy projects of close to 6,650 megawatt (Mw) will be tendered in February, taking the total for 2017-18 past 10,000 Mw — a record in a financial year.
The engine of a 13-wagon goods train derailed near Chidambaram today, police said. The wagons were laden with coal from Karaikal Port and the goods train was proceeding to Kaikuppam private thermal power station when the engine derailed at the Puduchatram station in the early hours, they said.
Road Transport Minister Nitin Gadkari, known for promoting innovative ideas in transportation, created a stir some time back when he pitched for 100 per cent electric mobility by 2030. In an interview with Megha Manchanda & Jyoti Mukul, he talks about the Central Road and Infrastructure Fund (CRIF) and electric vehicles. Excerpts:
Crude oil on Wednesday held mostly steady as concerns about volatility in global markets offset an unexpected drop in US inventories. Brent crude futures edged down 11 cents to $66.75 a barrel by 0951 GMT, while US West Texas Intermediate (WTI) crude futures eased 12 cents to $63.27 a barrel.
Union road transport and highway minister Nitin Gadkari, who is known for promoting innovative ideas in transportation, created a stir a few months ago when he pitched for electric vehicles by 2030.
The Supreme Court on Wednesday quashed the second renewal of iron ore mining leases given to 88 companies in Goa in 2015.