The Reserve Bank has refused to be part of a high-level committee headed by the Cabinet Secretary which was constituted to resolve stress in the power sector as it is not willing to relax norms to deal with bad loans, according to a source.
Vedanta Ltd said Thursday it has discovered natural gas in a Krishna Godavari basin block in the Bay of Bengal.
ate-run Bharat Petroleum Corporation (BPCL), which had a string of fire accidents this year at all its facilities, including the recent blasts at its flagship refinery here, is planning to shift the LPG facility out of the city to the nearby Rasayani, as part of its efforts to strengthen safety measures.
State-run power major NTPC’s trading arm NVVN will begin power supply of 300 MW to Bangladesh from midnight Sunday.
Commerce and Industry Minister Suresh Prabhu Friday proposed to double bilateral trade with Iran in the next five years from the current level of USD 13.8 billion, an official said.
Union minister Dharmendra Pradhan Thursday said the oil industry will make BS-VI fuel available across India by April 2020 as committed and also assured the auto industry of stability in the country’s fuel road map.
Failing to find resolutions for stressed power sector companies, lenders have decided to refer 11 companies, including Prayagraj Power Generation, GMR Chhattisgarh Energy and Jaiprakash Power Venture, to the National Company Law Tribunal (NCLT), banking sources said.
India’s coal import rose 11.9 per cent to 78.7 million tonnes in the first four months of the current fiscal.
Solar installations in India plunged 52 per cent to 1,599 MW during the second quarter of 2018, mainly due to uncertainties around trade cases and module price fluctuations, says a report.
The Centre has issued “mandatory parameters” for electrical components used in metro rail system like lifts, escalators, tunnel ventilation and environmental control system with an aim to achieve standardisation and indigenisation.