UK-based Cairn Energy plc has approached an international arbitration panel seeking an injunction against Indian income tax department initiating proceedings to recover Rs 10,247 crore in retrospective tax.
Guntur, Prakasham, Nellore, Kurnool, Kadapa, Ananthapur & Chittoor to be covered in first phase; Estimated Annual Savings in Energy Consumption to be 147 million units and prevent 12 crore tonnes equivalent of CO2 emissions
Government of India, through the Energy Efficiency Services Limited (EESL) under the Ministry of Power, would be retrofitting 10 lakh conventional street lights with LED lights in Gram Panchayats of 7 districts in Andhra Pradesh.
Sector Pre-GST Post-GST Impact Power Sector Impact – Thermal – Marginally Positive, Wind – Marginally Negative Reduction in tax rate on domestic coal provides a relief in the cost of power generation even after accounting for an increase in capital cost (due to higher tax rates in boiler, turbine, generator segment). On the other hand for wind […]
Wins largest-ever export order; Forays into Power Generation; Focus on Diversification to Drive Next Wave of Growth
State-owned Bharat Heavy Electricals Limited (BHEL) said on Monday that it has has achieved double digit growth in its topline and bounced back into profit in fiscal 2016-17, ending the year with significant traction in growth drivers.