The Debts Recovery Tribunal (DRT) has rejected the application of Piyush Marodia, managing director of Gupta Coal, seeking permission to travel to Singapore. The company has taken a loan of Rs 58.89 crore from State Bank of India (SBI) and is unable to repay it. DRT has impounded the passport of all the directors of Gupta Coal. DRT presiding officer Chikkam Vijay […]
Oil and Natural Gas Corporation (ONGC), India’s first to be fully integrated ‘Oil Major’, will will benefit from an increased appetite for overseas acquisitions post the Rs 36,915 crore acquisition of state-run fuel retailer Hindustan Petroleum (HPCL), Chairman and Managing Director Shashi Shanker said.
Roy, whose appointment took into effect from today, was Executive Director (Projects) at the country’s largest electricity producer, NTPC.
India’s largest oil exploration company Oil and Natural Gas Corporation (ONGC) will acquire 51.1% controlling stake in HPCL from the government for Rs 36,915 crore.
Anil Agarwal’s Vedanta group, Torrent Power and state run Neyveli Lignite Corp have joined the race for acquiring a controlling stake in GMR Energy’s 1,370MW plant in Chhattisgarh.
Even as it gears up to woo investors in the state, mounting dues towards thermal powerplants, including private ones, have come to stare in the face of UP government.
Stating that shared mobility is the future, the founder of Reva and current Vice-chairman of Sun Mobility says the way ahead lies in harnessing the power of the sun.
Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 25.1 per cent rise in net profit for the October-December 2017 quarter with higher profitability in petrochemicals and its telecom venture Jio reporting its first profit of Rs 5.04 billion.
Susanta Kumar Roy has been appointed as Director (Projects), NTPC with effect from 19th January, 2018. Prior to this, Roy held the post of Executive Director(Projects), NTPC Roy is a Mechanical Engineering Graduate from REC, Durgapur and joined NTPC in 1981 as Executive Trainee.
Reliance Industries today came out with a set of better-than-expected earnings numbers for the quarter ended December 2017.