India’s crude oil import bill is expected to increase 23% in the current fiscal year, according the Petroleum Planning Analysis Cell (PPAC), data and policy analysis wing of the oil ministry.
In a fresh push to universalize electricity access, the National Democratic Alliance (NDA) government plans to roll out a Rs17,000 crore scheme.
The government is planning to sell up to 25% stake in two PSUs — MSTC and NEEPCO through initial public offerings (IPOs).
Niti Aayog chief executive officer Amitabh Kant on Wednesday pitched in for government organizations’ exit from the operation and maintenance of infrastructure projects, including the big ones like dedicated freight corridor and national highways, saying the “government is incapable to handle” them.
India will need investments to the tune of around $4.5 trillion till 2040 to develop infrastructure to improve economic growth and community well-being, said Global Infrastructure Hub on Tuesday.
India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels.
JSW Energy Ltd has decided to focus on profitability rather than chase asset acquisition at unrealistic prices, said a top executive
Police in Rajasthan have cracked a criminal syndicate accused of smuggling more than 50 million litres of crude oil inside water tankers from India’s largest onshore oilfield, an official said on Sunday.
With renewable power becoming more affordable, the government is set to auction wind power projects more frequently and is willing to abandon separate purchase obligation for different sources of clean energy for state utilities.
India wanted to cap toxic emissions from power plants by December. It’s now discovering that target is at least 6 years from its reach.