JSW Steel Ltd could spend around $1 billion on capacity addition and acquisition this fiscal year and will bid for several iron ore and coking coal mines in upcoming government auctions to secure raw material supplies, a top company executive told Reuters.
Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India’s west coast to 10 million tonnes a year, a top company executive said on Friday.
The Supreme Court on Thursday reserved its verdict in a case to determine if an electricity regulatory body can alter competitively bid tariffs to award compensation to Tata Power Ltd and Adani Power Ltd.
Road transport minister Nitin Gadkari on Friday said the government will look at a legal solution to help the automakers impacted by the Supreme Court’s ban on sale of BS-III vehicles from Saturday.
Speculation that the Organisation of petroleum exporting countries (Opec) will extend its deal to curb output and ease a global glut is sending oil toward its biggest weekly increase this year.
State-run Bharat Heavy Electricals Ltd (Bhel) is planning to enter the aerospace sector.
India’s largest power generation equipment maker plans to collaborate with Indian Space Research Organization (Isro) for manufacturing space grade solar cells and partner for satellite launches.
Royal Dutch Shell Plc’s India unit and Bharat Petroleum Corp. Ltd (BPCL), the country’s second largest fuel retailer, may team up to help the latter set up an energy trading unit in Singapore, two officials aware of the development said.
The government is set to extend by up to five years the benefits of the Mega Power Policy which promised customs and excise duty benefits to power projects of 1,000 megawatt (MW) or more capacity that sign long-term power purchase deals.
India’s wind-energy industry is seeing the viability of projects called into question as it adjusts to Prime Minister Narendra Modi’s transition away from two separate systems to pay for clean power.
State-run National Highways and Infrastructure Development Corp. Ltd (NHIDCL) will shortly issue a global tender for a consultant to prepare a detailed project report (DPR) on the creation of its own version of Davos.