Morocco, fast emerging as north Africa’s economic leader and a major source of phosphates for India, is keen to diversify its cooperation with India including in tourism sector targeting high-end tourists and filmmakers.
Medha Servo Drivers, a manufacturer of propulsion systems, will set up a railway coach factory near Hyderabad with an investment of Rs 800 crore, a Telangana minister said on Friday.
The Railways is working on a proposal to create a suburban railway network for Bengaluru, much like the one in Mumbai, to decongest the city and link it to the airport, Railway Minister Piyush Goyal said today.
Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd. as Asia’s oldest network seeks to plug a supply shortfall.
India will announce new policies to help global companies participate more in its oil and gas sector, Oil Secretary K.D. Tripathi said on Thursday.
Indian Railways has prepared a Rs 35,000 crore plan to electrify its entire network in the next four years, a move that will help save Rs 10,500 crore a year in fuel bill.
The government is working to make obligations under power purchase agreement (PPA) statutory binding, ensuring all discoms have PPAs to cover 100 percent requirement, Power Minister R.K. Singh has said.
With the upcoming Bharat Stage 6 emission norms to be enforced by 2020 and the implementation of corporate average fuel economy norms, Honda Cars India is betting on diesel and hybrid vehicles in a strategy that is contrarian to what its peers are doing in India.
Reliance Industries and BP Plc have finalised plans to develop all the gas fields in the KG-D6 Block, reflecting the company’s renewed enthusiasm about the policy and pricing regime and focus on the sector after completing heavy capital expenditure in its telecoms and petrochemicals businesses.
Global power and automation player ABB is looking at India as a potential location for its microgrid solutions given the country’s huge requirement for electrification, and the government’s push for renewable energy, Markus Bruegmann, the company’s global product group manager for microgrids, Power Grids division, said.