India’s crude oil import bill is likely to surge by about $26 billion in 2018-19 as rupee falling to a record low has made buying of oil from overseas costlier, government officials said on Thursday.
Tariffs for solar power touched Rs2.59 per unit in a tender called by state-run NTPC Ltd for 2,000 megawatts (MW) on Tuesday.
Energy Infrastructure (India) Ltd (EIL), a 100% subsidiary of the Netherlands-based Energy Infrastructure Butano (Asia) BV has been recently selected by Gujarat government to set up a Liquefied Petroleum Gas (LPG) terminal project at Okha for an investment of Rs700 crore, according to two senior state government officials.
India will not be able to achieve its ambitious target of generating 100GW solar power by 2022, ratings agency Crisil said.
State-run Hindustan Petroleum Corp. Ltd (HPCL) has sought shareholder nod to borrow as much as ₹ 12,000 crore by selling debentures and bonds, according to its FY18 annual report.
Reliance Industries Ltd (RIL) has approached three state-run oil marketing companies to buy petroleum coke (petcoke) from them to fire its $5 billion petcoke gasifiers, according to three officials aware of the development.
Road developer MEP Infrastructure and Projects Ltd on Thursday said it has signed a non-binding term sheet to sell six hybrid annuity model (HAM) projects to Cube Highways and Infrastructure Pte. Ltd for ₹450 crore.
It is a well-known fact that China’s solar sector is highly subsidized.
The recent report, “State Finances: A Study of State Budgets 2018” by the Reserve Bank of India (RBI) confirms what has been observed for a while; that the state of state finances is in “deep trouble” territory.
State-run Hindustan Petroleum Corp. Ltd (HPCL) posted an 86% jump in first-quarter profit on Wednesday, riding on strong refining margins.