The Enforcement Directorate (ED) has alleged that Bhushan Power & Steel Ltd (BPSL) acquired assets worth Rs 27,559 crore during a period when funds out of loans received from banks were “diverted and routed back as equity” by the company.
The government plans to speed up development of coal blocks auctioned to private firms with an online application form and single-window clearance for mining lease, land acquisition and other approvals. It plans to set up a new platform with the help of a software development agency.
Tata Power on Monday said it will create an arm, TP Renewable Microgrid, to set up 10,000 microgrids to provide power to five millions homes across the country.
India’s bid to electrify its fleet is progressing swiftly and the country must not ‘miss the bus’ for creating a local manufacturing base for electric vehicles, union minister of road transport and highways Nitin Gadkari has said.
The central government should constitute a committee headed by the Union power secretary, along with the secretary to the ministry of new and renewable energy, the principal secretary finance and the secretary to the energy department of Andhra Pradesh government
Asian oil refiners are grappling with a jump in global freight rates that shows no sign of abating, driving up costs of crude imports from all regions in the fourth quarter, industry officials said.
In a bid to reduce air pollution, the state transport department is planning to procure at least 20 electric buses under Phase II of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the Centre.
The state-owned Oil Marketing Companies (OMCs) may post weak financial results for the first quarter ended June on the back of inventory losses, muted refining margins and lower crack spreads, projections made by equity research firms show.
Sembcorp Industries Wednesday announced infusion of equity worth Rs 516.9 crore into its India arm Sembcorp Energy India (SEIL) to support its renewable energy business in the country.
The Union cabinet’s approval today for the methodology for conducting auction of coal blocks for commercial coal mining is a major step forward in the implementation of coal sector reforms by the Modi government, experts said.