The income-tax (I-T) department has sold more of Cairn Energy’s shares in mining major Vedanta to recover a part of the Rs 10,247 crore retrospective tax demand, the British firm said Tuesday.
Petrol prices on Tuesday breached the psychological barrier of Rs 90 and touched a scorching Rs 90.11 in Maharashtra’s Parbhani – a new record in India, an official said.
State-run power giant NTPC’s board has approved an investment of Rs 9,785 crore for the 1,320 MW Stage-III expansion of its Talcher thermal power plant in Odisha, a source said.
The Madras high court has granted stay on referring two stressed power projects to NCLT. The court heard the plea of IL&FS seeking extension of deadline to refer its project to NCLT by 60-90 days. “IL&FS matter was heard today and has been listed for tomorrow.
The government is likely to sign contracts for 55 oil and gas exploration areas on September 24, awarded under India’s maiden open acreage auction OALP-1, people with direct knowledge of the development said.
The power situation in the state capital is likely to improve once a new state-of-the-art gas insulated substation is installed at Patto Plaza.
Coal India subsidiary South Eastern Coalfields Limited (SECL) produced a record 144.71 million tonnes (MT) of coal in 2017-18, according to its annual report. The production rose by 3.36 MT in 2017-18 against 140 MT in 2016-17.
Power trading solutions provider PTC India would ink medium-term power purchase pacts for 1,900 MW coal-based power capacities in the next one month under a pilot scheme launched earlier this year, an official said.
Turkmenistan has inaugurated a large gas-powered electricity plant that is expected to sell about 3 billion kilowatt-hours of power a year to Afghanistan and Pakistan.
Both sides of a 12km stretch on Outer Ring Road — from Mukarba Chowk to Wazirabad — will become the first solar bicycle track corridor in the country by next March.