US firm General Electric’s plan to build a diesel locomotive factory in eastern India is on track, the railways minister said on Thursday
Greenko Group is in talks with bankers to raise Rs3,000 crore through selling bonds in domestic market as it looks to refinance debt of solar power projects, according to three people familiar with the development.
State-run generator NLC India Ltd is offering to reduce tariffs from two of its power plants after its main buyer asked the company to lower prices or shelve the projects
Prime Minister Narendra Modi highlighted the fact that Japan had offered India a 50-year loan at just 0.1% interest to fund the Ahmedabad-Mumbai bullet train link when he inaugurated the project with his Japanese counterpart Shinzo Abe in the Gujarat city earlier this month.
Shares of oil marketing companies (OMCs) and aviation firms have declined this month as oil prices rallied which could dent their margins.
Indian Railways plans to scrap the upcoming diesel locomotive manufacturing unit in Marhaura, Bihar, but it won’t be easy.
Gujarat was late when it came to assuming the mantle of India’s Detroit. But that race was for vehicles running on internal combustion engines.
India’s top iron ore miner NMDC Ltd. is looking to sell a stake of at least 49% in its Chhattisgarh steel plant, as it prepares to begin production at the 3-million-ton facility in three to six months, according to a company official.
The government has revised its tender seeking to buy electric cars for the use of the state, following objections by some companies that the specifications initially put out were tailored to suit a certain manufacturer.
After launching the Pradhan Mantri Sahaj Bijli Har Ghar Yojana for universalizing electricity access, the National Democratic Alliance (NDA) government is readying a raft of power sector structural reforms including legal provisions to drive electricity demand