Goldman Sachs on Sunday said an extension of the joint OPEC and non-OPEC oil production cut is not warranted unless supply and demand fundamentals deteriorate.
Eco-Neev, a fuel catalyst manufacturer, plans to target bulk diesel users such as Indian Railways and mining companies for the nanotechnology product it claims reduces emissions by 18% and saves 5-7% on fuel costs.
There is some good news for the rural citizen of the country as Prime Minister Narendra Modi-led government is expecting to fulfil its promise of bringing electricity to all the villages of the country by the end of 2019 well before the deadline.
Railway Minister Suresh Prabhu today his ministry has drawn up a mission to save Rs 41,000 crore on electricity energy bills over the next ten years by betting big on solar energy, even as it expects to mop-up Rs 17,000 crore through non-fare revenue modes.
Nepal has requested India to provide additional power through two newly-built transmission lines. The construction of the 132KV Kushaha-Kataiya and 132KV Raxual-Parwanipur cross-border transmission lines was completed recently, Kathmandu Post reported.
CCI slaps Rs 591 crore penalty on Coal India, says ensure uniformity between private, public power producers
Competition Commission of India (CCI) has slapped a whopping Rs 591 crore penalty on public sector undertaking (PSU) Coal India over the unfair conditions in fuel supply agreements.
In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field
NTPC has withheld its decision to cut power to BSES Yamuna Power Limited (BYPL) in the forthcoming peak summer season after the latter committed to pay part of its dues by month-end.
India today dismissed reports in Pakistani media that it has agreed to halt work on Miyar hydroelectric project at the neighbouring country’s request and termed them as “factually incorrect”.
Helped primarily by a steep fall in raw material costs but also with a more rigorous reining in of employee costs, India’s central public sector enterprises (CPSEs) posted a decent 12.5% growth in aggregate net profit in 2015-16