CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power Ltd (JSPL). “CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power
Infrastructure companies need to work on innovative instrument to attract global funds, says Suresh Prabhu
Stating that there is no dearth of funds, Commerce and Industry Minister Suresh Prabhu Friday said there is a need to work on innovative instrument and structure to attract global money for investment in infrastructure sector.
Russian oil firm Rosneft, the biggest foreign investor in India’s energy sector, Friday criticised taxation policy in the country saying it was a major hurdle in its expansion plans.
Indian Oil, Bharat Petroleum and Hindustan Petroleum will together lose Rs 4,500 crore in 2018-19 because the government has asked them to subsidise fuel, making investors and company executives nervous as the reversal of the bold reform
L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro, in consortium with Baker Hughes, a GE company and McDermott International, Inc. has been awarded the subsea contract for India’s Oil Et Natural Gas Corporation’s (ONGC) largest deepwater oil & gas project, the development of block DWN-98/2 in the Krishna Godavari basin.
The Supreme Court on Thursday allowed ArcelorMittal and Numetal to submit revised resolution plans subject to clearance of outstanding dues within two weeks.
Sacked directors of Infrastructure Leasing and Financial Services Ltd (IL&FS) will have to face questions on negligence, diversion of funds, failed risk management and misrepresentation of facts that are viewed seriously under the Companies Act.
The company had won the project through an auction conducted by Solar Energy Corporation of India (SECI). The plant will be set up at Bhadla solar park and is likely to be commissioned in 2019
Asset sale, fund raising through equity and debt could be the first options of the new board.
HCL Technologies signed a five-year managed services deal with TransGrid, a high-voltage transmission network service provider of New South Wales, Australia.