Govt To Probe If Private Developers ‘Gold Plated’ Stressed Power Projects

Govt To Probe If Private Developers ‘Gold Plated’ Stressed Power Projects

As part of its effort to address the problem of stressed assets in the power sector, the government will investigate whether private developers ‘gold-plated’ project costs to increase the debt component, thereby reducing their equity contribution, said power minister Raj Kumar Singh in his first interview after assuming charge.

Oil & Gas: September Quarter A Mixed Bag For Indian Oil Firms

Oil & Gas: September Quarter A Mixed Bag For Indian Oil Firms

Indian oil firms reported a mixed trend in their September quarter financial results. Industry gross refining margins (GRMs) were healthy during the quarter, a consequence of the supply disruption in the US Gulf Coast refineries owing to the impact of Hurricane Harvey.

Indian Oil Studies Renewed Venezuelan Crude Purchases

Indian Oil Studies Renewed Venezuelan Crude Purchases

Indian Oil Corp. Ltd (IOC) is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.

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