Union Coal Secretary Sumanta Choudhuri has said the Centre has to think seriously before deciding on the demand to raise the rate of coal royalty. Coal bearing states like Odisha are demanding that the Centre increase the royalty on the fuel.
Moody’s Investors Service has assigned a provisional Baa1 senior unsecured rating to the proposed two billion dollars (about Rs 14,400 crore) medium-term note (MTN) programme established by Oil and Natural Gas Corporation (ONGC) and its subsidiary ONGC Videsh Limited.
The government has decided to move towards achieving 100 per cent electrification of railways, as part of efforts to curb carbon footprints, Union Minister Piyush Goyal said on Wednesday. The railways minister also said he has a mission that in next 10 years, Indian Railways will be running on renewable energy.
Oil prices edged higher on Thursday after a drawdown in U.S. crude inventories, but lingering concerns over the global economy and a build-up in U.S. refined product stocks kept a lid on gains.
Two workers were killed and a few others were feared trapped after a part of Jhilimili coal mines in Koriya district caved in on Tuesday. Police teams are present at the spot and rescue operation is underway.
The electricity department’s consumer grievance redressal forum has become functional after a year, during which it managed with a single member and no chairperson. Retired judge Desmond D’Costa was appointed as chairperson of the forum and has taken charge.
Indian oil explorer ONGC Videsh has sold one cargo of Russian Sokol crude at a premium of $5.80 a barrel to Dubai quotes, two trade sources told Reuters on Tuesday
Oil India Ltd (OIL), the state-owned upstream player today posted an 11 per cent decline in net profit at Rs 625 crore for the quarter ended June, on the back of fall in international crude prices and decline in production. The company had posted a net profit of Rs 703 crore in the corresponding quarter last fiscal.
India’s power sector regulator Central Electricity Regulatory Commission (CERC) has proposed new rules aimed at a complete overhaul of the power trading market in the country including changed net-worth criteria and trading margin that can be charged by companies.
Niti Aayog CEO Amitabh Kant on Monday said an inter-ministerial panel has sanctioned 5,645 electric buses for operations in 65 cities, a move seen towards environment-friendly mobility.