Reuters reported that gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia’s Gazprom, the Indian company said
Promoters whose debt-laden companies are being auctioned by banks should be allowed to make a bid for their own firm if they have not siphoned off money, said Vedanta Group chairman Anil Agarwal, who has himself bid for Electrosteel which will help add 10%-20% value to his iron ore business.
Trapped in a pincer of rising coal prices and flooding of cheap imports, domestic aluminium industry needs government policy support to come out of this crisis.
Bharat Heavy Electricals (BHEL)is favoured to win part of NTPC’s tender to set up 750 MW solar park at Pavagada in Karnataka’s Tumkur district but its fate hinges on the power generator’s ability to sign purchase agreement with the home state .
The government will need at least $125 billion (Rs 8 lakh crore) to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.
State-run Energy Efficiency Services Ltd (EESL) has invited a bid for 2,000 electric vehicle chargers for the second phase of its EV programme, which will see the rollout of 9,500 electric vehicles across different states.
Inadequate maintenance, infrastructure problems including ill-equipped offshore helidecks, lax regulation and lack of proper crew training at operators such as state-run Pawan Hans Helicopters bog down chopper operations in India.
Indian Oil Corporation (IOC), the nation’s largest refiner and fossil fuel retailer, is in talks with Bangladesh and Myanmar to enhance trade of petroleum products and offer its expertise to set up oil infrastructure in the two countries.
There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as he highlighted the growing importance of the two nations in the energy market.
Bharat Forge, India’s largest exporter of auto components, said it opened a research and development facility at MIRA Technology Park in the UK to design powertrain solutions for Electric Vehicles.