Essar Oil Seeks Extension To Pay Minority Shareholders

Essar Oil Seeks Extension To Pay Minority Shareholders

Essar Oil Ltd has sought the consent of market regulator Securities and Exchange Board of India (Sebi) to extend the deadline for paying its minority shareholders, after its nearly $13-billion acquisition by a consortium led by Russia’s Rosneft PJSC, two people aware of the matter said.

Responding To The China-Pakistan Economic Corridor Challenge

Responding To The China-Pakistan Economic Corridor Challenge

The China-Pakistan Economic Corridor (CPEC) has been attracting a lot of attention lately and for all the wrong reasons. Pakistan has reportedly rejected China’s offer of assistance for the $14 billion Diamer-Bhasha Dam, asking Beijing to take the project out of the $60 billion CPEC so that Pakistan can build the dam on its own.

NTPC Power Plants Face Bhel Equipment Woes

NTPC Power Plants Face Bhel Equipment Woes

State-run NTPC Ltd has been facing problems at several of its power projects due to issues related to equipment supplied by Bharat Heavy Electricals Ltd (Bhel), said several people aware of the developments.

Clean Energy Taps Limited CSR Funding, Report Says

Clean Energy Taps Limited CSR Funding, Report Says

Companies are quick to pledge efforts to push renewable energy but found wanting when it comes to making investments in clean energy initiatives under their corporate social responsibility (CSR) heads.