Indian Railways is considering ending state-owned Steel Authority of India Ltd’s (Sail) virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector, people close to the matter told Reuters.
A special CBI court issued summons on Friday to five new people including Jindal Steel’s advisor Anand Goel after their names emerged in the CBI chargesheet in a coal block allocation case against former Congress MP and industrialist Naveen Jindal and others.
State-owned thermal power plants in Gujarat that use coal as fuel, last year, recorded a plant load factor (PLF) of a mere 41 per cent.
Suzlon Energy Ltd. said it will streamline the legal entities it controls, consolidating its operations outside India under two companies as part of continuing efforts to cut costs and cope with increasing competition in wind turbine manufacturing.
India’s domestic gas prices may stop falling for the first time two years, a welcome relief for the country’s energy explorers.
China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.
NTPC Ltd, India’s biggest electricity producer, is seeking to buy the central government’s stake in hydro-power producer SJVN Ltd to boost its share of non-fossil fuel generation capacity, according to people with knowledge of the development.
The Union Cabinet’s decision on Wednesday to grant extension to production sharing contracts for 10 blocks will benefit Cairn India Ltd (CIL)
In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field
NTPC has withheld its decision to cut power to BSES Yamuna Power Limited (BYPL) in the forthcoming peak summer season after the latter committed to pay part of its dues by month-end.