Adani Transmission, the power sector arm of Infrastructure major Adani Group, is in talks with Reliance Infrastructure for acquiring the latter’s power distribution business in Mumbai, which is estimated to be worth Rs13,000-14,000 crore.
Prime Minister Narendra Modi on Monday constituted an Economic Advisory Council, nearly three years after the economic think tank NITI Aayog he set up only helped to bring in reforms without growth.
The ministry of new and renewable energy has redefined quality norms for photovoltaic (PV) cells and panels in order to contain cheap products from hampering the National Solar Mission.
In an apparent retaliation to India’s decision to cut crude imports from Iran, Tehran has signed a basic agreement with Russia’s state-owned energy giant Gazprom for development of the Farzad-B gas field, discovered by a consortium of Indian companies.
Praj Industries on Sunday announced the opening of India’s first integrated bio-refinery for renewable fuels and chemicals which will use a variety of agricultural residues to produce a variety of products.
The union cabinet chaired by Prime Minister Narendra Modi on Wednesday gave ex-post facto approval to the memorandum of understanding (MoU) on a third line of credit of $4.5 billion to Bangladesh for implementation of development projects.
The Chenani-Nashri tunnel on the Jammu-Srinagar National Highway, which Prime Minister Narendra Modi will dedicate to the nation on Sunday, is the India’s first and the world’s sixth tunnel to have a transverse ventilation system, providing fresh air to motorists.
South Korean steelmaker Posco has finally scrapped its long-delayed steel project in India and asked the Odisha state government to take back the land allotted for its $12-billion steel project.