Essar Oil has sold its entire production of coal-seam gas or CBM from a West Bengal block to state-owned GAIL India Ltd using the same formula that Reliance Industries used for pricing of its CBM.
ONGC Videsh Ltd, Indian Oil Corp (IOC) and Bharat PetroResources Ltd (BPRL) will split the 10 per cent stake in a giant offshore oilfield in Abu Dhabi in 4:3:3 ratio.
Reliance Power today said state-run Coal India has been directed by the Delhi High Court to immediately commence coal supplies to the Unit-I of Butibori power project.
In order to boost coal supplies to power plants, the government has decided on various steps including the use of dedicated rail transportation and setting up of power projects only within 500 km from coal mines, sources said.
Leading manufacturers of medical equipments, General Electric, will soon set up a centre of excellence for skill development in the city-based Sri Ramakrishna Hospital, a senior company official said today.
ONGC Videsh Ltd and its partners have acquired a 10 per cent stake in a large offshore oilfield in Abu Dhabi for USD 600 million, the first time any Indian company has set foot in the oil-rich UAE.
State-owned Oil and Natural Gas Corp (ONGC) is likely to nominate one director on the board of recently acquired Hindustan Petroleum Corp Ltd (HPCL) while retaining all the present directors of the company.
As the government continues to focus on increasing renewable energy capacity, solar and wind power tariffs are likely to dip below Rs 2 per unit in the next 2-3 years, a senior official of transmission firm Sterlite Power said.
The Uttar Pradesh Electricity Regulatory Commission (UPERC) today said that political interference in the functioning of power corporations has come to an end after the Yogi Adityanath-led government assumed power in the state.
India will need a comprehensive ecosystem that supports cleaner technologies, including electric vehicles, to meet its vision of cutting emissions, reduce dependence on imported fuel and achieve leadership in clean technology, according to Maruti Suzuki India MD and CEO Kenichi Ayukawa.