Punj Lloyd continued book losses for the fourth quarter of financial year 2016-2017. According to a filing in the exchanges, the company reported a net loss of Rs 181 crore for the quarter.
Delhi-based renewable energy and telecom solutions company ACME Group is planning to raise capital by listing its solar assets through infrastructure investment trust (InvIT) listing, said three people directly familiar with the matter.
Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts.
State-run Hindustan Petroleum Corporation (HPCL) has reported a 31 per cent rise in net profit at Rs 1,818.79 crore in the fourth quarter (Q) of the financial year (FY) 2016-17, as against Rs 1,387.91 crore during the same period in FY16.
Oil and Natural Gas Corporation, the state-owned oil and gas explorer, recorded a 6.54 percent drop in net profit at Rs 4,340 crore for the quarter ended March 2017 on account of higher expenses which rose a whopping 47 percent.
The government clarified on Friday that there was no dearth of coal at Rajmahal OCP to supply Kahalgaon and Farakka Power Stations of NTPC Ltd.
The effective price of coal for consumers is likely to decrease by Rs 100-150, as the country heads moves to a uniform tax regime under the Goods and Services Tax (GST).
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned another 270 MW thermal unit at Rattan India Nasik Power Limited’s 5×270 MW thermal power project, located at Sinnar in Nasik District of Maharashtra.
Tata Power, India’s largest integrated power company announced that its Renewable business registered a healthy profit while surpassing the 2000 MW operating capacity mark with another about 500 MW under construction.
With the commissioning of the third unit of the 3×660 MW Prayagraj Super Thermal Power Project (PSTPP), Bharat Heavy Electricals Limited (BHEL) has successfully executed the 1,980 MW coal-based supercritical thermal power project in Uttar Pradesh.