Reliance IndustriesBSE -0.58 % is in talks to raise as much as $2.25 billion (Rs 15,300 crore) in what could be one of the biggest offshore debt issues by an Indian corporate as the energy-to-retail conglomerate seeks to replace existing high-cost borrowings as well as build a war chest for its aggressive expansion strategy in telecom.
In its two-year report card, the Narendra Modi government had claimed credit for fewer rail accidents and lower casualties. This time, railway minister Suresh Prabhu may paper over the transporter’s safety record. His officers are themselves surprised over three major accidents in a span of two months, which have claimed close to 190 lives, compared to 309 in 2015-16.
Indian foundry sector, whose 30 percent supplies goes to automotive industries, expects favourable power and electricity tariffs from the upcoming Union Budget 2017 scheduled to be presented on February 1.
The power ministry is proposing renewable energy status to supplies meant for large hydropower projects to help keep power tariffs low under the proposed goods and services tax.
NEW DELHI: The Supreme Court today deferred to January 23 the hearing on a plea seeking postponement of Union Budget presentation ahead of the upcoming Assembly polls in five states. A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud, which has sought material and legal provisions in support of the PIL, […]
New Delhi: FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a unit of LS Power Equity Partners III LP for about $925 million. The power stations, owned by FirstEnergy’s units, have a total capacity of 1,572 megawatts (MW). Akron, Ohio-based FirstEnergy’s […]
WASHINGTON: Former Texas Gov. Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, said Thursday he regrets his infamous statement about abolishing the federal agency and insisted it performs a critical function. Perry told a Senate committee that if confirmed, he will be a passionate advocate for the department’s core missions and […]
Infrastructure Leasing and Financial Services (IL&FS) is in advanced talks to merge its wind energy assets with Chennai-based listed Orient Green Power BSE 4.17 %.
Government today said India received $ 1.77 billion foreign direct investment (FDI) in non-conventional energy sector from April 2014 to September 2016.
Tata Power CompanyBSE 1.42 % has added 1,346 mw of non-fossil based electricity generation capacity in 2016-17 so far, taking its green energy portfolio to 3,060 mw, the Tata group utility said Tuesday.