Alternate energy has a strange relationship with the price of fossil fuels. It has been observed that when the price of crude goes up sharply, the debate over the need to shift to alternate fuels becomes the most vociferous.
Tata Power and Hindustan Petroleum Corporation Ltd (HPCL) have announced the signing of a Memorandum of Understanding (MoU) on Thursday. The recently signed MoU is for the setting up of commercial charging stations for electric vehicles
The coal shortage in the country looks far from resolved as absolute coal stock levels have fallen to 11.8mn tonnes, the lowest level seen in CY18. This is a sharp fall from 14.7mn tonnes that was seen at the end of August 2018.
AIL (India) recently launched an online portal allowing third-parties to book natural gas capacity online. The company which owns 70% of the nation’s network, that is, 11,400km of natural gas pipelines, has allowed third-party access to natural gas pipelines since 2004.
Moody’s Investors Service says that higher oil prices than in the last two years and rising interest rates are raising pressure on the Government of India’s (Baa2 stable) budget and current account, although mitigated by robust GDP growth and other factors.
Indian Oil Corporation Ltd’s Q1FY19 Standalone Net Profit Rises 50.18% Yoy To Rs6,831.10cr: Beats Estimates
Indian Oil Corporation Ltd. reported Q1FY19 results beating street estimates.
Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today said it had signed a long term agreement with GAIL (India) Ltd,
Maharashtra and Rajasthan electricity regulatory commissions have given their go-ahead for compensatory tariffs for Adani Power’s Kawai and Tiroda power plants, as per a Wire report.
India will allow explorers to appraise for oil and gas in areas adjacent to their contracted blocks, where a discovery has been made, according to a notification on the oil ministry’s website.
India’s oil consumption surged 4.5% in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared.