Big plans are afoot for India’s sprawling hydrocarbons industry. Finance minister Arun Jaitley says the government aims to create an “integrated public sector oil major” to match the might of the international oil and gas giants.
People in Himatnagar area in Gujarat get the most uninterrupted power supply in the country, while residents of Mankachar in Assam grapple with an average 188 instances of power cuts a month
An infrastructure fund of Australia’s Macquarie Group Ltd has agreed to buy about 330 megawatts (MW) of operational solar assets from power producer Hindustan Powerprojects Pvt. Ltd for an enterprise value of $600 million, said two people familiar with the discussions.
Hyderabad-based renewable energy producer Mytrah Energy India Pvt. Ltd is in advanced talks to raise Rs1,800 crore in structured debt funding from Piramal Capital’s structured finance group (SFG)
The Reserve Bank of India (RBI) is proposing Asia’s third-largest economy offer licences to private companies to set up infrastructure banks.
In the first half a century after Independence, India invested around 3.0% of its gross domestic product (GDP) in infrastructure, which resulted in the tattered state of the sector till quite late in the 1990s.
In November 2015, when the government announced the Ujwal DISCOM Assurance Yojana (UDAY) programme to turn around electricity distribution companies (discoms), there was little hope that it would alleviate the debt and operational burdens of the state electricity boards (SEBs).
Almost 140 years after GE founder Thomas Edison developed the first practical incandescent light bulb, GE is considering parting with its consumer lighting business
Iran may cut the credit period on crude oil sales to IOC, MRPL to 60 days from 90 and reduce the discounts on shipping of crude to 60% from 80%, people familiar with the matter said.
The shortlisted projects are GMR Group’s 1,370MW coal power project in Chhattisgarh and Hyderabad-based Ind-Barath Power’s 700MW plant in Odisha