The recent spike in spot power prices on the power exchanges is unlikely to sustain over the medium term in light of significant spare capacity and inability of generators to tie up long-term power purchase agreements (PPAs), according to India ratings and Research (Ind-Ra).
Hyderabad-based Navayuga Group will induct a strategic partner, potentially a container shipping line, into the terminal it runs at Krishnapatnam port in Andhra Pradesh’s Nellore district, seeking “synergies” to boost volumes which is expected to reach half a million twenty-foot equivalent units (TEUs) by March 2018, Managing Director Chinta Sasidhar has said.
N Baijendra Kumar, an IAS officer of 1985 batch of Chhattisgarh cadre, has assumed charge as Chairman and Managing Director of NMDC Ltd here today.
Infrastructure and engineering major Larsen & Toubro has gone ahead with its plans to establish an infrastructure investment trust (InvIT).
The demonetisation of high value currency notes on November 8 last year has brought accountability to money, according to Minister of State (Independent Charge), Coal, Power, Renewable Energy, and Mines, Piyush Goyal.
ABB India has achieved the 5 gigawatt milestone for solar inverters. From schools to airports, canal tops and mega solar plants, ABB’s solar inverters power solar installations across the country.
According to Coal India Ltd’s (CIL) outgoing Chairman Sutirtha Bhattacharya, trimming logistics costs will help the miner grow in the long run.
State-owned Indian Oil Corporation has initiated a massive capacity expansion of its gas and piped natural gas networks in urban areas, Chairman Sanjiv Singh said at the company’s 58th AGM, in Mumbai on Tuesday.
Coal production and off-take are usually subdued in the monsoon months. But this year is proving to be an exception.
India and Germany on Monday signed an agreement on technical cooperation under the Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC).