Rating agency Crisil on Thursday said the prolonged delay in resolution of payments by discoms of states like Andhra Pradesh and Telangana to renewable energy producers can weaken the credit outlook of the sector and moderate investor sentiment.
No privatization on cards for Indian Railways! Days after the launch of India’s first private train, Lucknow-Delhi Tejas Express owned by the Indian Railway Catering and Tourism Corporation (IRCTC)- a subsidiary of Indian Railways, Piyush Goyal has made it clear that there are no plans to privatize the national transporter.
India is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan.
Attracted by India’s green energy trajectory, LGT Lightstone Aspada plans to invest up to $50 million in Canadian firm AMP Solar Group’s India unit, said several people aware of the development.
Fiat Chrysler Automobiles is gradually phasing out its storied Fiat brand in India after a run of more than a century, even as it seeks to build on the success of the Jeep Compass
…
In what may impact India’s emerging green economy, rating agency ICRA has downgraded around 1.9 gigawatts (GW) of wind and solar power projects in its rated portfolio and has also revised the rating outlook for some projects.
India’s Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating US sanctions, three sources with knowledge of the transactions said.
Faced with a staggering investment ask of over ₹50 trillion for expanding and upgrading India’s railway infrastructure during 2018-30, the government has continued with its focus on public private partnerships (PPPs) in various areas like station redevelopment
Battling a severe slowdown, India on Tuesday implored Organization of the Petroleum Exporting Countries (Opec) to not affect deeper crude oil production cuts. In meeting between petroleum and natural gas minister Dharmendra Pradhan and Mohammad Sanusi Barkindo
In a major accomplishment for India’s Department of Atomic Energy, the 220 MW nuclear reactor at Kaiga in Karnataka has completed a continuous run of 941 days to become the world’s longest running reactor without a shutdown in this marathon run.
