That Reliance Industries Ltd (RIL) has become the first Indian company to declare a quarterly profit of over Rs 10,000 crore, driven by good performances in retail and media/telecom besides in refining and petrochemicals
Swiss firm Talesun Solar Switzerland A.G. is set to foray into the Indian solar power industry with a joint venture with New Delhi-based solar asset developer EnergyX to set up projects of 4,000 Megawatt (MW) capacity, EnergyX said in a statement.
Russian oil giant Rosneft-led Nayara Energy on Friday unveiled a $850-million expansion plan for its Vadinar refinery in Gujarat, marking its foray into the petrochemical business. Nayara Energy, erstwhile known as Essar Oil, operates a 20 million tonnes a year oil refinery at Vadinar.
The ministries of coal and power have agreed to a slew of reforms suggested by the Cabinet Secretary PK Sinha-led panel, including allowing use of Coal India (CIL) contracts for short-term electricity trade, in a bid to resolve fuel stress at power plants.
Reliance Industries has asked its partner Niko Resources to withdraw from eastern offshore KG-D6 gas block over default in payments for field development cost, but the Canadian firm has sought to stall the move by invoking arbitration, the companies said.
India is all set to achieve 100 per cent household electrification by the month end, with 2.44 crore families having received power connections out of the targeted 2.48 crore under the Rs 16,320 crore Saubhagya scheme
The Meghalaya government has issued a modified order allowing transportation of coal in transit through the state, before a Supreme Court hearing on the issue, an official said on Saturday.
A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration’s energy agenda.
District authorities on Friday visited the families of three of the 15 miners who are trapped, now for over a month, inside an illegal flooded coal mine in Meghalaya and expressed their “inability” to evacuate them.
Nearly 90% of the energy we use comes from burning of fossil fuels and natural gas reserves and at least 65% of this energy gets irreversibly wasted as dissipated heat — an alarming scenario as the global energy crisis looms.