The coal ministry is at an advanced stage of discussion for firming up terms and conditions for coal auction with 100 percent commercial mining provision, sources told CNBC-TV18. The ministry recently concluded auction of 6 coal mines out of 27 offered with a provision to sell 25 percent of coal in the market.
Rockefeller Foundation, the United States-based philanthropy organisation, is stepping up efforts to collaborate and invest into the Indian market. In this direction, the foundation recently entered into a partnership with Tata Power to develop 10,000 microgrids in India.
BPCL reported its second-quarter numbers which were lower than street estimates. Revenues declined 16 percent to come in at Rs 64,350 crore versus an estimate of Rs 69,925 crore. Margins at 3.7 percent showed an improvement of 90 bps compared to the previous quarter but were lower than street estimates of 4.5 percent.
The union coal ministry offered 27 coal blocks for auction for the sectors like iron & steel, cement and captive power plants but received interests for only six coal blocks. On the last day of the auction
The coal ministry had offered 27 coal blocks for auction for the sectors like iron & steel, cement and captive power plants but eventually garnered interests for only 6 coal blocks.
In view of the Ayodhya Ram temple verdict ahead of Chief Justice Ranjan Gogoi’s retirement on November 17, the Railway Protection Force on Thursday issued a seven-page advisory to all its zones, asking them to remain alert, cancelling the leave of its personnel.
Power generation has contracted for the third consecutive month in October due to low industrial growth, an unusually prolonged monsoon and the mandatory opening of letter of credit. After a 3 percent fall in power generation in September, the situation has worsened in October with a 13 percent decline.s.
Many scientists have asked that “climate change” be now called “climate emergency”. More than 11,000 scientists issued a warning on Tuesday of “untold suffering” due to global warming and some even said Paris carbon-cutting pledges are “too little, too late”.
The Ujjwal Discom Assurance Yojana (UDAY) scheme in 2015 was brought in to revive ailing state power distribution companies and make it operationally as well financially efficient.
OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy.