Coal India has embarked upon a Rs 10,000 crore shopping spree for latest highcapacity mining equipment as it aims to meet a target of producing 660 million tonnes of black diamond in 2019-20, a move that will require raising annual output by 8-9% in the current fiscal.
Sterlite Copper Wednesday expressed hope that it will resume operations in the next couple of months at its Tutocrin plant which was shut after 13 people died during protests a year ago.
Oil marketing majors IndianOil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) posted a mixed set of earnings for March quarter. The trio together posted over 25 per cent year-on-year (YoY) jump in net profit on a nearly 8 per cent increase in net sales.
A high-level committee Tuesday submitted its report on a strategy to reduce India’s oil import dependence, an official statement said without giving details. The high-level committee (HLC)
An appellate tribunal has reserved a final order on appeals against Arcelor Mittal’s Rs 42,000 crore resolution plan for debt laden Essar Steel. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) led by justice SJ Mukhopahdaya asked all parties to file final written submissions by Wednesday.
The governments of Japan, India and Sri Lanka have agreed to develop a container terminal at the Port of Colombo, which has attracted major investment from China under its Belt and Road initiative, a Japanese newspaper reported.
Goa is a well-known tourist destination in India, mostly popular for its bright sunny beaches. Due to the huge volume of tourist inflow, the demand for proper power supply in this state is at a constant high. Despite its favourable weather conditions and the obvious demand round the year,
One of India’s biggest renewable energyproducing states, Tamil Nadu, will stop conducting auctions for wind and solar energy projects following poor response to its tenders which set limits on tariffs.
Police, on Saturday, arrested an activist and booked eight others on charges of opposing Gas Authority of India Limited (Gail) authorities’ plan to lay gas pipelines at Kalahasthinapuram village in Nagapattinam.
Crude oil prices traded flat with some volatility within a broad range after a surprise drawdown in US crude stockpiles, but an escalating US-Chinese trade fights limited oil’s gains as investors were worried about the global outlook for energy demand.