While tabling the Economic Survey 2018-2019 report, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Thursday stated that the country is undertaking one of the world’s largest renewable energy expansion programmes.
Upset with the government’s plan to corporatise railways’ production units, the Indian Railways’ largest workers’ union has warned the ministry of an unrest brewing among the national transporter’s workforce.
Adding another feather to its cap, Delhi Metro has become the first-ever such project in the country to receive power generated from a waste-to-energy plant, the DMRC said.
Major crude producers are set to meet on Sunday to discuss how to stabilise a volatile oil market amid rising US-Iran tensions in the Gulf, which threaten to disrupt supply. Key OPEC members and other major suppliers including Russia will assess the oil market and examine compliance to production cuts agreed late last year.
India is feasting on Venezuelan oil, after the US imposed a de facto ban on crude imports from the Latin American nation. While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February
Coal India Limited (CIL) is fast tracking the process of procuring 360 high capacity mining equipment valued at over Rs 7000 crore to bolster production after reviving the one billion tonne production target, officials said Thursday.
The National Company Law Tribunal (NCLT) has allowed the former directors of the crippled IL&FS Group to withdraw Rs 2 lakh each per month from one of their bank accounts after intimating the the tribunal.
Oil prices rose 1 percent on Friday, on track for solid weekly gains after financial markets strengthened due to hopes the United States and China may soon resolve their trade dispute.
Investment Approval for ‘Implementation of 500MVAr Thyristor Controlled Reactor at Kurukshetra 400kV bus’ at an estimated cost of Rs. 267.33 Crore with commissioning schedule of 30 months from the date of investment approval; and
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.