The National Company Law Tribunal (NCLT) gave its approval to the consortium of JSW Steel and AION Investments Private II Limited to acquire cash-strapped Monnet Ispat and Energy Limited on Thursday. The resolution plan submitted by the JSW Steel-AION combine was sanctioned by the NCLT with some modifications.
India’s industrial sector, very often plagued with erratic power supply, is increasingly resorting to a new method for solving their energy needs – solar power.
India’s Industrial Production (IIP) declined to a seven-month low of 3.2 per cent in May as compared to 4.8 per cent in April, mainly due to slow manufacturing activity and sluggish performance of power sectors, and the FMCG sector.
Eighteen companies have raised over Rs 23,000 crore via IPOs in the first half of this calendar so far
Railway travellers can vouch train delays are extremely common, making long-distance journeys particularly painful in the country. Almost 30 per cent of the trains were late in the financial year 2017-18, according to official data. The Railways has now decided to address this problem, but only on paper.
less than a year after state-run Energy Efficiency Services Ltd (EESL) floated a tender for 10,000 electric cars amid much fanfare, India’s EV growth story seems to be headed in a wrong direction.
French utility EDF and GE will jointly build six reactors for the Jaitapur nuclear power plants in Maharashtra, envisioned as the world’s largest nuclear power plant with a cumulative capacity of 9,900 megawatts of electricity.
Should India’s thrust towards electric mobility fructify, the resultant demand for electricity from this segment may grow 870 times between 2020 and 2030 a joint study done by ASSOCHAM and EY has said.
The latest data from the Ministry of New and Renewable Energy tells an impressive story.
Vedanta takes control of Electrosteel Steels even as petition challenging eligibility awaits NCLAT hearing
Vedanta has moved on to the next step in the acquisition drama over Electrosteel Steels Ltd (ESL) by setting up a new board of directors, even as a petition challenging its eligibility to bid for the same is pending before the National Company Law Appellate Tribunal.