Wind power solutions provider Vestas will ramp up its equipment manufacturing capacity at Ahmadabad plant to 600 MW in 2-3 years from existing 200 MW to get a bigger share of over 5,000 MW annual market in India.
The Income Tax Department is likely to challenge in high court a tax tribunal order giving relief to British oil firm Cairn Energy plc from payment of interest on a Rs 10,247 crore tax demand it had raised retrospectively.
Tata Cleantech Capital (TCCL) is looking at growing its asset book to around Rs 5,500 crore by fiscal 2019, with nearly USD 120 billion debt funds expected to flow into the renewable energy space in the next five years.
The railways will increase 3AC coaches in long distance trains to cater to the growing demand for air-conditioned coaches.
Union minister Suresh Prabhu today said the expansion of railway services would play a key role in country’s growth and the Centre and the states needed to work together for this purpose.
Union Petroleum Minister Dharmendra Pradhan today said the country will augment its refining capacity to 600 million metric tonnes from the present 230 million metric tones to meet the growing demand.
The threat by petroleum dealers to shut down pumps on Sundays will be dealt with according to measures necessary to maintain supplies of essential commodities, the Centre said on Wednesday.
Beginning May 14, fuel outlets in eight states will be shut every Sunday following Prime Minister Narendra Modi’s call to conserve oil, a fuel pump owners’ body said here today.
After successful launch of 160 km per hour train service on Delhi-Agra corridor, railways is aiming at scaling the speed up to 200 kmph on Delhi-Chandigarh route with the French help to reduce the travel time.
India and Sri Lanka will jointly operate the oil storage facility at the strategic eastern port town of Trincomalee, Petroleum Minister Chandima Weerakkody said today.