Oil and Natural Gas Corporation(ONGC) share price fell nearly 2 percent while oil retailers HPCL, BPCL and IOC gained 1-2 percent intraday Wednesday, after sharp correction in crude oil prices.
Greenko Group and Hero Future Energies Pvt. Ltd are in separate talks with Singapore-based AT Capital Group to acquire Orange Renewable’s portfolio of 758 megawatt (MW) capacity, several people aware of the development said.
State-owned gas utility GAIL India Ltd on Tuesday reported a 41.6% jump in its second quarter profit as earnings from gas transportation and marketing business soared.
State-owned Energy Efficiency Services Limited (EESL) has undertaken the implementation of energy efficiency initiatives across various manufacturing facilities of Tata Motors in India, the companies said in a joint statement on Tuesday.
Singapore-based Sembcorp has won an auction to build another 250MW wind power plant in India through its renewable energy business Sembcorp Green Infra.
Tata Motors has signed a Memorandum of Understanding (MoU) with Energy Efficiencies Services (EESL) to achieve energy saving and resource conservation by implementing various energy efficiency initiatives across the company’s manufacturing facilities in India.
The State-run ONGC has said it will resist the government’s reported move to hand over its 11 “discovered” hydrocarbon fields to private operators for their expeditious development.
The Indian Oil Corporation Ltd. (IOCL), under the aegis of the ministry of petroleum and natural gas, is organising a first-of-its-kind petrochemical investors conclave on November 16 to attract investments in the petroleum and plastic sectors.
Oil and Natural Gas Corp (ONGC) executives have protested the government move to give private firms control over some of its producing fields to boost stagnant output, urging the prime minister to review the proposal they claim lacks process clarity.
General Electric Co CEO John Flannery faces a tight two-year race to shed more than $20 billion in assets through dozens of deals and pare down the U.S. industrial conglomerate into three core businesses: power, aviation and healthcare.